CALIUM Standard Supply
Definition of Standard Supply
What is the Standard Supply?
The amount of CALIUM issued daily will change every 365 days based on the inflation rate (%) until the fifth year (Epoch 1 to 1,825).
This means that the inflation rate (%) of the Standard Supply of CALIUM is applied as a halving concept every 365 Epochs.
The Standard Supply is fixed data that serves as a basis for the circulation adjustment logic to prevent inflation in CALIUM's circulation. The Standard Supply reflects the Target Inflation Rate for each year based on the Initial Issuance Volume, and it is unique data that does not change after the initial setup.
Circulation Volume inflation is a concept commonly used in the real economy, referring to policies that appropriately increase the liquidity of currency in circulation when the economic growth rate of the Eco-System rises due to new growth drivers. Generally, if the currency supply exceeds the economic growth rate too much, the currency value in the Eco-System will decline. Conversely, if the currency supply becomes too low, it can lead to rising prices, causing side effects in the economic system. Therefore, managing Circulation Volume inflation is essential for building and growing the Eco-System.
When designing CALIUM's monetary policy, CALIVERSE aims to predetermine the inflation benchmark. If the Circulation Volume of CALIUM exceeds this benchmark, the New Issuance of CALIUM Price will be raised to manage the balance.
CALIVERSE’S logic to manage Circulation Volume inflation is designed so that fewer CALIUMs are issued relative to the Liquidity in circulation injected as the CALIUM Price increases. The CALIVERSE team examined cases that would serve as strict benchmarks and analyzed data from South Korea's monetary and inflation policy, which achieved successful economic growth in the last 20 to 30 years, to set the Standard Supply for CALIUM.
Additionally, to actively attract users, 10% of the Paid Issuance CALIUM, generated through Liquidity input, is allocated as Incentive Issuance CALIUM and reflected in the Standard Supply.
The Base Incentive Volume is allocated as Short-term Reward CALIUM, which has been pre-reflected in the Standard Supply.
The proportion of CALIUM additionally issued as Long-Term Reward is set at 10% of Sapphire sales, stored in a Resource Storage for Eco-System growth.
The Resource Storage amount is not reflected in the Standard Supply as it is not short-term circulating quantity.
Inflation management and its methodology will be addressed in the section [CALIUM Inflation System and Its Principles].
Considerations for Standard Supply
What factors were considered when setting Standard Supply?
The base circulation is established based on the Initial Issuance Volume and reflects the Target Inflation Rate (%) for each year.
The Target Inflation Rate (%) was determined by considering the initial growth of the Eco-System and Content Rewards.
Data for the first five years has been predetermined by Epoch and has been fixed as unchangeable during operations.
The Target Inflation Rate (%) for each year is based on the economic growth level that CALIVERSE aims for, and a fixed inflation rate of 5% will be applied after the fifth year. The Standard Supply serves as a benchmark for assessing the appropriateness of the CALIUM quantity circulating in CALIVERSE. Therefore, the actual amount of CALIUM issued may be more or less than the Standard Supply.
Anyone can access the Standard Supply data through [CALIUM On-Chain Information].
Composition of Initial Issuance Volume
What does the composition of the Initial Issuance Volume look like?
As a core asset within CALIVERSE, most of CALIUM's Initial Issuance Volume occurs through Paid Issuance after it has been determined, with 10% of the Paid Issuance allocated as Incentive Issuance for Content Reward CALIUM. This includes reward CALIUM from the CALIUM Converter and reward CALIUM from the Resource Storage, which has been additionally issued for Eco-Rewards. In other words, as the amount of Paid Issuance increases, the Content Reward CALIUM for users also increases.
The Initial Issuance Volume has been predetermined to include the following items:
Distribution of 1,168,262 CALIUM to CALIVERSE Pioneer Early Contributors (57.57%)
Distribution of 861,200 CALIUM to CALIUM Ticket Pre-Purchasers (42.43%)
The Initial Issuance Volume of CALIUM has been allocated to early Eco-System participants prior to the public launch of the CALIVERSE metaverse to establish the foundation of the CALIUM Eco-System in New Earth.
Based on this Initial Issuance Volume of 2,029,462, the CALIUM Price and Circulation Volume will be managed according to the Target Inflation Rate (%).
Target Inflation
Annual target inflation is disclosed.
The target inflation has been set by considering the expected Circulation Volume five years after the Initial Issuance Volume of CALIUM, taking into account the early growth of the CALIVERSE Eco-System and the necessary scale of reward CALIUM.
The target Circulation Volume inflation rate for the fifth year of CALIUM is set at 307%, starting from the Initial Issuance Volume of 2,029,462 and aiming for approximately 6,230,485 to be in circulation by the fifth year.
This figure was calculated considering the total scale of reward CALIUM to be supplied to the Eco-System over five years. After the fifth year, to allow the Eco-System to sustain itself, the involvement of the operating company's reward CALIUM will be minimized.
Review of Target Inflation Appropriateness
Review of target inflation appropriateness through cumulative inflation data from South Korea
To review the appropriateness of the target inflation, the monetary and inflation policy of South Korea, a growth-oriented real economic model, was referenced.
Economic indicators include the consumer price index, and as this index continues to rise, the inflation rate (%) increases and the money supply expands.
South Korea is cited as a successful case of managing inflation from the time of the 1988 Seoul Olympics, marking the start of export-led industrialization. The cumulative inflation rate (%) over 36 years, from 1988 to 2023, is approximately 333%.
The Target Inflation Rate (%) for CALIUM aims to reach approximately 300% inflation relative to the Initial Issuance Volume by the fifth year of the CALIUM Eco-System, referencing the 36 years of economic data recorded by Statistics Korea.
Additionally, data shows that South Korea has strictly managed the inflation rate (%) below 5% in recent years. The Target Inflation Rate (%) for the CALIUM Eco-System will be fixed at 5% after the fifth year.
In this way, CALIVERSE aims for stable growth and inflation rate (%) management by referencing existing successful cases from the real economy, ultimately striving to establish a sustainable platform.
CALIVERSE will set a new standard in the Web 3.0 economic system and will establish itself as a notable reference.
Disclosure of Standard Supply Figures
The detailed figures for the Standard Supply are as follows:
Initial Issuance Volume (Epoch 1): 2,029,462.03
Base Issuance (Epoch 1-1,825): Link
Last updated
