Ecrox Chain Documentation
  • Summary
  • DOCUMENTATION
    • Learn about the Ecrox Platform
      • Ecrox Overview: vision, strategy and platform components
      • The Ecrox Blockchain
        • Discovering the Network
        • Ecrox Consensus
        • Delegation through Staking with Validators
        • Ethereum (EVM) Compatibility and Smart Contracts
        • Boosting Ecrox's Scalability
      • Ecrox Coin (ECROX)
        • ECROX Tokenomics
        • Exchanges, Wallets, On-Ramps and DeFi Tools Supporting ECROX
        • ECROX on Other Chains
      • Interoperability
      • Ecrox Governance and Development
      • Wallets supporting Ecrox
    • Ecrox for Business
    • Things you can do on Ecrox
      • Interacting with the Ecrox Blockchain
      • Ecrox Ecosystem
      • Community
      • Grants and Bounties
  • Developers
    • Network Details
      • Ecrox Mainnet
      • Ecrox Testnet
      • Token Faucets
      • Network Upgrades
        • Upgrade Guide
        • Upgrade Guide (explorer nodes)
        • Block 13,800,000 Fork
        • FIP's
    • Ecrox Consensus
      • Contracts Overview
      • Stake, Delegate and Withdraw
      • Vote
      • End-of-Cycle Flow
      • Contract Addresses
    • How to run network nodes
    • Resources & Tools
      • TheGraph
      • WalletConnect on Ecrox
    • How to become a validator
      • Getting started as a validator
      • Getting started as on the Ecrox testnet
  • Links
    • Facebook
    • Twitter
    • Instagram
    • LinkedIn
    • Medium
    • Reddit
    • Pinterest
    • Youtube
    • GitHub
    • Telegram Group
    • Telegram Channel
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On this page
  1. DOCUMENTATION
  2. Learn about the Ecrox Platform
  3. Ecrox Coin (ECROX)

ECROX Tokenomics

The ECROX token supply adheres to a mildly inflationary model, with new tokens issued as block rewards every 3 seconds on Ecrox. Validators who create blocks and their delegators receive these rewards, ensuring the security of the network's consensus mechanism.

Currently, the reward amount per block is calibrated such that the ECROX total supply increases by approximately 5% annually. This inflationary model was chosen initially to provide a predictable revenue flow for validators and delegators. Relying solely on transaction fees could lead to unpredictable returns due to fluctuations in network activity.

Moreover, substantial block rewards help maintain low transaction fees, fostering Ecrox adoption.

A proposal to reduce ECROX inflation is under community discussion. If approved by validators, it will lower the annual inflation rate to 2% starting from the network's third year. Subsequent years will see a fixed amount of tokens issued. This proposal aims to balance inflation with sustainable network growth.

You can access the proposal text and ongoing discussion on support@ecroxcoin.io

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Last updated 1 year ago