Tokenomics
The numbers behind the planned $ACEPYR design, draft 1.0: what you pay, the tiers, a fixed supply of 1,000,000,000, where it goes, when it is released, and where spent tokens go.
Read this first
No $ACEPYR token exists. Genesis comes only after counsel's written opinion on the final design and a lawful route, and no date is set. This page sets out the numbers from the $ACEPYR whitepaper, draft 1.0, which takes precedence wherever the two differ. Numbers marked proposal can still change. Nothing here is an offer to sell anything, and nothing here is legal, tax or investment advice.
At a glance
| Property | Value |
|---|---|
| Supply | 1,000,000,000, created once at genesis on Base. Nothing can create more |
| What it does | Lowers Acepyr's 0.75% share of the 1% fee on every Belief Token buy and sell, by up to 30% at the top tier. The creator's 0.25% never changes |
| How you get it | Season rebates for verified people who trade Belief Tokens with real money, the testnet and community allocations, or from another person |
| Spent tokens | Return to the season reserve, to be earned again |
| Sold by Acepyr | Never. No presale, no private round, no treasury sale |
| Bought by Acepyr | Never. No buyback, no price support, no market making with company money |
| Investors' allocation | 0%. Investors own equity in Acepyr Inc. |
| Genesis | Only after counsel's written opinion on the final design and a lawful route, and later than the real-money launch of Belief Tokens. No date is set. See Genesis |
What you pay
Every buy and sell of a Belief Token pays a 1% fee in USDC: 0.25% to the Claim's creator and 0.75% to Acepyr. Nothing else is charged on the trade, apart from Base's network fee. $ACEPYR lowers Acepyr's share only.
| Tier | To the creator | Acepyr's share, in USDC | Acepyr's share, in $ACEPYR | You save | Total fee |
|---|---|---|---|---|---|
| 0, nothing locked | 0.25% | 0.75% | none | none | 1.00% |
| 1 | 0.25% | 0.675% | 0.01875% | 0.05625% | 0.94375% |
| 2 | 0.25% | 0.60% | 0.0375% | 0.1125% | 0.8875% |
| 3 | 0.25% | 0.525% | 0.05625% | 0.16875% | 0.83125% |
| 4 | 0.25% | 0.45% | 0.075% | 0.225% | 0.775% |
All figures are shares of the trade's value. (Proposal, apart from the 1% fee and its split.)
Tiers
Lock $ACEPYR from your own wallet into the lock contract to reach a tier. Only you can unlock it back to your wallet.
| Tier | Locked (proposal) | Per $1 of Acepyr's share: USDC | Per $1: $ACEPYR | Per $1: you keep |
|---|---|---|---|---|
| 0 | Nothing | $1.00 | none | none |
| 1 | 3,000 $ACEPYR, or $300 worth | $0.90 | $0.025 | $0.075 |
| 2 | 15,000 $ACEPYR, or $1,500 worth | $0.80 | $0.05 | $0.15 |
| 3 | 45,000 $ACEPYR, or $4,500 worth | $0.70 | $0.075 | $0.225 |
| 4 | 150,000 $ACEPYR, or $15,000 worth | $0.60 | $0.10 | $0.30 |
Each row adds up to a dollar. At Tier 4, each dollar of Acepyr's share costs you 60¢ in USDC and 10¢ in $ACEPYR, and you keep 30¢.
- Whichever is more tokens. Each tier needs the token amount or the dollar amount at the 30-day average price, whichever is the larger number of tokens.
- Unlocking takes 30 days (proposal). Your tier drops when the unlock starts, and the tokens return to your wallet when it ends.
- Your testnet allocation counts toward your tier while it is still unreleased.
- A locked balance earns nothing. No interest, no yield and no share of anything.
Paying part of Acepyr's share in $ACEPYR
Turn on "Pay part of Acepyr's fee in $ACEPYR" in Acepyr's app and set a maximum. Each trade you sign then pays the token part of Acepyr's share straight from your wallet, inside that same trade. Nothing moves except in a trade you sign.
| Rule | How it works |
|---|---|
| The rate | Each $1 of $ACEPYR covers $4 of Acepyr's share (proposal), valued at the token's average price on markets Acepyr does not run. The token part is counted in dollars, so your saving is the same whatever the token trades at |
| How much the token can cover | 10% of Acepyr's share at Tier 1, 20% at Tier 2, 30% at Tier 3 and 40% at Tier 4 (proposal). The rest is paid in USDC |
| No $ACEPYR, or no price | The fee is paid fully in USDC. A trade never fails because of the discount |
| Tokens spent | Go to the season reserve, in the same trade, to be earned again by traders |
The full rules are in section 5.2 of the whitepaper.
Season rebates
Most of the supply is released in quarterly seasons, starting at genesis.
- What counts: the USDC you paid toward Acepyr's share in the season. Not volume, not the creator's share, and not anything paid in $ACEPYR.
- Your share is set after the season ends, in proportion to what you paid.
- The cap: nobody receives more in a season than half the USDC they paid toward Acepyr's share, valued at the season's average price (proposal). At that price, trading with yourself to collect a rebate always costs more than it earns.
- What earns nothing: wash trading, trades between wallets linked to the same person, trades a creator makes on their own Claims from linked wallets, and any trade flagged by Acepyr's surveillance. Wash trading is banned and forfeits the season's rebate.
- Nothing is wasted: any part of a season's total that is not earned rolls into the next season.
Rebates go only to verified people, one share per person however many wallets they link. Nothing about a Claim earns $ACEPYR, and there are no referral rewards. The full rules are in section 6.2 of the whitepaper.
Supply and allocation
1,000,000,000 $ACEPYR, created once at genesis on Base. The token contract has no function that can create more.
| Bucket | Share | Tokens | How it is released |
|---|---|---|---|
| Season reserve | 50% | 500,000,000 | 16 equal quarterly seasons over four years, plus every token returned to it |
| Testnet | 15% | 150,000,000 | A quarter at genesis; the rest in 24 monthly parts, one for each month you trade |
| Community | 3% | 30,000,000 | A quarter at genesis; the rest monthly over twelve months |
| Team and contributors | 15% | 150,000,000 | Nothing for twelve months after genesis, then monthly over three years |
| Acepyr Inc. treasury | 17% | 170,000,000 | Locked. Used only for grants to verified people under a rule published in advance, never to creators, promoters or staff. Never sold or lent |
| Investors, as investors | 0% | 0 | Investors own equity in Acepyr Inc., which holds the treasury |
68% of supply goes to the people who trade and build on Acepyr. At genesis at most 4.5% of supply is in circulation: the first quarter of the claimed testnet and community allocations. (Proposal, apart from the testnet share and the 0% for investors.)
Season schedule
The season reserve is released over 16 quarterly seasons, the same amount each season.
| Year after genesis | Year total | Per season | Released so far | Share of supply released so far |
|---|---|---|---|---|
| 1 | 125.0M | 31.25M | 125.0M | 12.5% |
| 2 | 125.0M | 31.25M | 250.0M | 25.0% |
| 3 | 125.0M | 31.25M | 375.0M | 37.5% |
| 4 | 125.0M | 31.25M | 500.0M | 50.0% |
These are maximums. A season releases only what traders earn under the season cap, and the rest rolls forward. Tokens spent on fees, forfeited and unclaimed testnet parts, and unused community tokens all return to the reserve. After year 4, the reserve keeps releasing up to 31.25M a season for as long as it holds tokens. (Proposal.)
Where spent tokens go
| Rule | Consequence |
|---|---|
| All 1,000,000,000 tokens are created at genesis, and the token contract has no function that can create more | The supply is fixed. Nobody can ever add to it |
| Tokens a trade spends on Acepyr's share go to the season reserve, inside that same trade | They are earned again by traders in later seasons |
| Forfeited and unclaimed testnet parts, and unused community tokens, also return to the reserve | They are released again under the same season cap |
| Tokens enter circulation only from the release contracts, on schedules fixed at genesis | Nothing is issued on demand |
Acepyr takes no action anywhere in that loop: it never sells the token, never buys it, and never receives the tokens traders spend. Every return to the reserve is published and verifiable on-chain.
Testnet and community allocations
Both count activity up to genesis, with no earlier cutoff, and both go only to verified people, one share per person.
Testnet: 15% of supply. Your score uses two measures, weighted equally: days on which you traded, and distinct markets you traded, each compared with the median user (proposal). Play-money balances, profits, leaderboard positions and votes count for nothing, and play balances do not convert. No person receives more than 150,000 $ACEPYR (proposal). Genesis explains how to claim it and how it is released.
Community: 3% of supply (proposal), for verified adults who helped build Acepyr's community before genesis:
| Group | Share of supply | How it is allocated |
|---|---|---|
| Discord and community members | 1.25% | Tenure and contributions. Never message counts, predictions, leaderboard positions or votes |
| Community moderators and translators | 0.75% | By role and time served |
| Security and bug reports | 0.25% | By severity of verified reports |
| Waitlist members | 0.50% | A flat amount per verified person |
| Held back | 0.25% | Returns to the season reserve if unused |
These are grants for work done before genesis, never rewards for bringing people in or promoting anything. A quarter arrives at genesis and the rest in twelve monthly parts.
Every parameter
Section 19 of the whitepaper lists every parameter and whether it is set or still a proposal: Parameters.
Related
- $ACEPYR whitepaper: the full design, the commitments, and the risks
- Genesis: the two days, what happens at genesis, and what happens to your testnet activity
- Belief Tokens: the planned markets whose fee $ACEPYR would lower
- Testnet $ACEPYR: the testnet token that exists today
Questions
Email auriza@acepyr.com.