Pastel Network
  • Introduction
    • Pastel Overview
    • Pastel Token (PSL)
    • PSL Token Economics
    • Pastel Consensus Protocol
    • Key Features
  • Basics
    • Smart Ticket Structure
    • Fees and Burn
    • SuperNodes
      • SuperNode Staking
      • SuperNode States & Implications for Stake
      • SuperNode Operator Selection
      • SuperNode Fees
    • Governance
    • Accounts
  • Development Guide
    • Types of Pastel installations
      • Pastel Network Architecture
    • Requirements
      • Default directories
    • QuickStart: Running a Node
    • WalletNode
      • API
        • Sense API
        • Cascade API
        • NFT API
      • GRPC Interface
    • SuperNode
      • GRPC Interface
    • Pasteld Daemon
      • Pasteld CLI Implementation
      • Pasteld JSON-RPC API
    • Pastel-CLI
    • Understanding Smart Tickets
      • NFT Tickets
      • PastelID Tickets
    • Testing
    • Tutorials
      • Pastel Wallet App
    • Public Endpoints & Resources
    • Configurations
  • Sense Protocol
    • Sense Overview
    • Sense Basics
    • Building with Sense API
  • Cascade Protocol
    • Cascade Overview
    • Cascade Basics
    • Building with Cascade API
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  • Token Information:
  • Emission

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  1. Introduction

PSL Token Economics

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Last updated 3 years ago

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To ensure the security of our Network, we inflate the supply of our token to incentivize SuperNodes to stake PSL and miners to participate in the Pastel Network.

Token Information:

Type: Native Token Symbol: PSL Max Supply: 21,000,000,000.00 PSL (fixed) Initial Total Supply at Genesis: 10,762,197,400.00 PSL Decimals: 8

Emission

The current emission (“Emission Schedule”) accounts for the creation of 6,250 PSL every block (“Block Reward”) with a targeted block time of 2.5 Minutes / Block. The Block Reward is halved every 840,000 blocks. The target PSL inflation at genesis is roughly 12% and will decrease over time to under 1%. As the network matures, total supply of PSL may be lower than the initial supply due to our .

The Block Reward is distributed across key stakeholders and network participants. Miners provide invaluable computational power to secure the network through Proof of Work, while SuperNode operators stake collateral (5,000,000.00 PSL) and delegate computation for the function and validation of key network services.

Current Block Reward Distribution:

  • SuperNode Operators: 20%

  • Miners: 80%

Pastel also encourages participants to vote on the allocation of resources to support the longevity of the network through a mechanism.

governance
deflationary mechanism