πŸ“Š Token economics

The Oxen network is run by a decentralised network of incentivised nodes called service nodes.

As the workhorses of the network, service nodes get the lion's share of the reward: 16.5 $OXEN per block.

This results in the creation of 11,880 $OXEN per day.

Because of the nature of Pulse, a large proportion of $OXEN's total supply is locked in service nodes and unavailable on the market. On top of this, our research has shown that people earning rewards through staked nodes are much more likely to hold their tokens and continue participating in the network than those who earnt their tokens via mining.

These two qualities help increase buy pressure and decrease sell pressure in $OXEN markets, respectively.

More details about the cryptoeconomic theory which underpins Oxen can be found here.

The Oxen Privacy Tech Foundation receives a governance reward of 42,840 $OXEN every 7 days. However, the Foundation is committed to publicly burning a significant majority of this allocation, and as of 12 April 2021, the governance reward will reduce to 9240 $OXEN every 7 days. You can read more about this here.