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DocumentationTokenomicsOverview

Tokenomics Overview

The tokenomic section explains the STREET issuance economics, how emissions are executed on-chain, how the initial supply is allocated. The tokenomics are broken down into the three main areas below:

  • Issuance explains the long-run fixed-emission supply policy and comparisons to fixed supply and fixed inflation policies including the economic tradeoffs between scarcity and rewards incentives of each model.

  • Emissions covers the on-chain execution mechanics: how Bitcoin blocks pace rewards, how epochs work, and triggering emission-mint events.

  • Distribution details the initial supply allocation of STREET at launch including allocations to initial liquidity and the initial distribution to the community.

WELSH Corgi giving a whiteboard presentation

Baseline: 10B

STREET follows a perpetual fixed-emission supply model. Because infinite-supply tokens lack a natural terminal value for modeling, a finite baseline is required to make practical economic projections and analyses. Therefore, all tokenomics models and analyses use a 10 Billion token baseline to mirror WELSH’s 10B fixed-supply cap.

At genesis, 3,000,000,000 STREET (30%) is allocated directly to the community through the Genesis NFT event. An additional 2,000,000,000 STREET is minted at street-token contract deployment to provision the initial liquidity. This establishes an initial supply of 5,000,000,000 tokens.

Definitions

Definitions below are provided in the context of this documentation and reflect how the terms are used throughout these pages.

Bitcoin Block

A Bitcoin block is the preferred pacing signal for emissions. Referred to burn-block-height in Clarity smart contracts.

Cycle

A cycle is the modeling unit used for annualized rates and plots (52,500 epochs ≈ 1 year).

Disinflationary

Disinflationary means the inflation rate declines over time, even if new tokens continue to be issued.

Distribution

Distribution describes how STREET supply is allocated at launch and through ongoing emissions, including the shares reserved for liquidity incentives.

Emissions

Emissions are the on-chain mint events that produce and distribute STREET rewards over time.

Emission Mint

Calling the street-token mint() function via the emission-controller contract.

Epoch

An epoch is one successful emission-mint execution. Epochs are programmatically limited to a maximum of 1 epoch per burn-block-height.

Fixed Emissions

Fixed emissions means a constant amount of STREET is minted per issuance event, producing linear supply growth.

Fixed Inflation

Fixed inflation means supply grows at a fixed percentage rate per year, which mechanically compounds over time.

For the Fiat-style reference model in issuance, the annual inflation rate used in calculations is 3.29% (average US dollar inflation from 1914–2026 based on CPI).

Fixed Supply

Fixed supply means total supply is capped, typically via an issuance schedule that reduces emissions over time and approaches a terminal limit.

Issuance

Issuance describes the long-run supply policy (the rule that determines how total supply changes over time).

Street Mint

Calling the street-token mint() function via the street-controller contract.

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