Token Economy and Incentive Structure
Token Issuance and Distribution
Initial Issuance:
MIRENA’s first issuance in 2025 will consist of 1 billion tokens.
Starting in 2026, MIRENA introduces an inflation model where the annual issuance is determined adjusted inversely to transaction volume.
The more transactions processed, the fewer tokens are issued, aligning supply with actual network demand.
Token Distribution:
Issued tokens are allocated across ICO sales, company & advisors, ecosystem development, and reserves, with predefined allocations (e.g., 30% for ecosystem growth, 40% for reserves).
Additionally, a token burn mechanism is implemented to remove surplus supply, preventing inflationary pressure and maintaining long-term value stability.
Rewards and Incentives
BP/BO Rewards:
Block Producers (BPs) and Block Observers (BOs) receive network usage fees proportionally to the number of active DApp wallets and overall network activity.
BPs producing blocks reliably also gain priority rewards tied to their deposits, further incentivizing stable operation.
Coin Holder Rewards:
Coin Holders who vote for BP/BO candidates share in a portion of the fees those nodes earn, distributed proportionally to their stake.
They can also receive airdrops and community rewards from the MIRENA Fund for active participation.
Governance and Inflation Management
Voting Rights:
Governance is based on total token holdings (MIRENA coins + DApp token equivalents).
Voting covers major decisions such as BP/BO elections, additional issuance, and revenue distribution.
Participation in DApp ecosystems does not dilute initial asset value; instead, token appreciation from successful DApp growth is reflected later, directly enhancing holders’ asset value and influencing BP election rankings.
Inflation Policy:
When the MIRENA Fund is fully depleted, Coin Holders may vote (with 51% approval) to issue an additional 10% of the total token supply.
In the short term, this may theoretically reduce token value to approximately ~90.9% of its previous level.
However, renewed funding, coupled with increasing demand from DApp growth and exchange activity, is expected to drive long-term value appreciation.
Inflation Control:
To balance token supply, unnecessary tokens can be burned in addition to limiting new issuance.
This ensures MIRENA’s token economy remains flexible, demand-driven, and designed for long-term price stability.
