Nervos Network (CKB)

Tokenomics & Utility

Capacity and issuance

CKB links token ownership to storage capacity. In principle, one CKByte represents one byte of cell capacity, though a usable cell also needs space for its basic information and rules. Creating or keeping an asset on CKB therefore requires enough CKBytes to cover the cell it occupies. Those tokens remain tied to that capacity while the cell is in use. Transaction fees also compensate miners for processing activity. (github.com)

The economic model has two forms of new issuance. Base issuance rewards miners and follows a schedule that halves roughly every four years. Secondary issuance is designed to continue at a fixed amount of 1.344 billion CKBytes per year. The network’s founding design also specified a genesis allocation of 33.6 billion CKBytes, with 8.4 billion of that amount burned. Because secondary issuance continues, the token does not have a fixed maximum supply. (github.com)

Secondary issuance connects the cost of storage with miner rewards. Its distribution reflects how much CKB is being used for active state, placed in the NervosDAO, or held elsewhere. The NervosDAO lets holders lock available CKBytes and receive an allocation intended to offset dilution from secondary issuance. It serves a different purpose from proof-of-stake validation: miners secure CKB, while NervosDAO deposits are part of its storage-based economic model. (github.com)