CALIUM Circulation Supply
Definition of Circulation Supply
What is Circulation Supply?
Circulation Supply refers to the actual Circulation Volume of CALIUM recorded in the CALIVERSE Eco-System. The Circulation Supply is allocated to the Initial Issuance Volume in Epoch 0, and the New Issuance and Burn Volume of CALIUM are added and recorded.
The Circulation Supply will be implemented following the introduction of the CALIUM Eco-System and will be finalized by adding or deducting the data described below from the previous Epoch.
| # | Trigger | Type | Action |
|---|---|---|---|
Adding | New issuance of CALIUM through Paid Issuance | Quantity of newly issued CALIUM through the CALIUM Exchange | Paid Issuance where users consume Sapphire |
Adding | New issuance of CALIUM through the CALIUM Converter | Quantity of Short-Term Eco-System Reward CALIUM | At least 10% of the Paid Issuance CALIUM amount per Epoch is Incentive Issuance |
Adding | New issuance of CALIUM through the Resource Storage | Quantity of Long-term Eco-System reward CALIUM | At least 10% of the Sapphire Spent per Epoch is Incentive Issuance |
Deducting | User's use of CALIUM | Amount of CALIUM used in CALIVERSE content | 100% Burn Volume for all transactions except P2P types |
Paid Issuance: Issuance through the CALIUM Exchange
What is the definition of the CALIUM Exchange?
The CALIUM Exchange provides a function where users can obtain CALIUM through Sapphire, and the CALIUM issued through the exchange is recorded as 100% Paid Issuance Volume.
The CALIUM Price at the CALIUM Exchange is determined based on the Fixed Exchange Ratio and the Inflation Weight.
The Fixed Exchange Ratio between Sapphire and CALIUM is 100:1.
The Inflation Weight fluctuates by Epoch.
For more details, please refer to [CALIUM Price Calculation Formula].
Free Issuance: Incentive Issuance
What is Incentive Issuance?
Incentive Issuance refers to the New Issuance of reward CALIUM based on the actual Liquidity introduced into CALIVERSE, i.e., Sapphire sales revenue.
The CALIUM Eco-System is designed to issue at least 20% of the CALIUM issued through paid Incentive Issuance as reward CALIUM, according to a strict formula. The Incentive Issuance reward CALIUM is typically stored in the CALIUM Converter and Resource Storage, which are similar to the traditional concept of a treasury, and is used for the Eco-Reward.
However, while the reward CALIUM stored through Incentive Issuance is a positive factor for users as an Eco-System Reward, if excessive, it can become a negative factor by causing unnecessary inflation. Therefore, in line with CALIUM's inflation policy, we aim to establish a sustainable Eco-System by restricting the conditions for reward CALIUM Issuance.
For more details, please refer to the [Eco-Reward Policy].
Burn Policy
What is the Burn Policy for CALIUM?
CALIUM can be used when accessing content within the CALIVERSE Eco-System. All fees incurred when CALIUM is used will be burned, and the amount will also be deducted from the Circulation Supply per epoch. In other words, the more content that utilizes CALIUM, the more deflation occurs in the Circulation Supply. The main use cases are as follows:
BEACON Draft
It can be used to participate in the BEACON Draft. The registration fee for the BEACON Draft is 10 CALIUM, all of which will be burned. The offer fee for registered BEACON contracts is a minimum of 1%, all of which will be burned. When the draft is over, 20% of the contract settlement fee will be burned.
For more details, please refer to [CALIUM Usage Guide].
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