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Chain rules

Parameters

Unstaking takes 21 days and only the top 100 validators by stake are active. A proposal needs 512 ATONE to reach a vote and 20.04% of the voting power to count.

Unbonding

21 days

to unstake

Active set

100

validators

Voting period

21 days

per proposal

Inflation

7%–20%

target 67% bonded

What they meanread from the chain 12:03 UTC

If you stake

  • Unstaking locks your tokens for 21 days; they earn nothing meanwhile.
  • Up to 7 unbondings or redelegations at once per validator.
  • Validators charge at least 5% commission.
  • 5% of rewards goes to the community pool.

If you validate

  • Only the top 100 by stake sign blocks and earn.
  • Sign at least 5% of the last 10,000 blocks or get jailed for 10 min, losing 0.01% of the stake.
  • Double-signing burns 5% of the stake and bans the validator for good.

If you propose

  • Deposit 512 ATONE within 14 days.
  • Voting lasts 21 days: 20.04% must vote, over 66.7% yes, under veto.

Staking

Who validates and how long unstaking takes.

Bond DenomNative token denomination used for staking.
uatone
Historical EntriesNumber of historical staking infos kept on-chain (used by IBC).
10,000
Key Rotation Fee
100 ATONE
Max Commission Rate
0.05
Max EntriesMax simultaneous unbonding/redelegation entries per pair.
7
Max ValidatorsMaximum number of validators in the active set.
100
Min Commission RateMinimum commission rate a validator can set.
5%
Unbonding TimeTime tokens remain locked after undelegating before they become liquid.
21 days1814400s

Slashing

What a validator loses for downtime or double-signing.

Signed Blocks WindowRolling window of blocks used to measure validator uptime.
10,000
Min Signed Per WindowMinimum share of blocks a validator must sign within the window to avoid jailing.
5%
Downtime Jail DurationHow long a validator stays jailed after being slashed for downtime.
10 min600s
Slash Fraction Double SignStake slashed when a validator double-signs.
5%
Slash Fraction DowntimeStake slashed when a validator exceeds allowed downtime.
0.01%

Governance

How proposals are made and decided.

Burn Deposit No Threshold
0.8
Burn Proposal Deposit PrevoteWhether deposits are burned when the deposit period expires.
On
Burn Vote QuorumWhether deposits are burned when quorum is not reached.
Off
Constitution Amendment Quorum
0.148
Constitution Amendment Quorum Range
{"max":"0.500000000000000000","min":"0.100000000000000000"}
Constitution Amendment Threshold
0.9
Governor Status Change Period
28 days2419200s
Law Quorum
0.148
Law Quorum Range
{"max":"0.500000000000000000","min":"0.100000000000000000"}
Law Threshold
0.9
Max Deposit PeriodTime allowed to reach the minimum deposit before a proposal is dropped.
14 days1209600s
Max Voting Period Extension
1 day86400s
Min DepositMinimum deposit required for a proposal to enter voting.
512 ATONE
Min Deposit Ratio
1%
Min Deposit Throttler
{"decrease_ratio":"0.025000000000000000","decrease_sensitivity_target_distance":"2","floor_value":[{"amount":"512000000","denom":"uatone","formatted":"512 ATONE"}],"increase_ratio":"0.050000000000000000","target_active_proposals":"2","update_period":"604800s"}
Min Governor Self Delegation
10,000,000,000
Min Initial Deposit RatioShare of the min deposit required at submission time.
—
Min Initial Deposit Throttler
{"decrease_ratio":"0.005000000000000000","decrease_sensitivity_target_distance":"2","floor_value":[{"amount":"51200000","denom":"uatone","formatted":"51.2 ATONE"}],"increase_ratio":"0.010000000000000000","target_proposals":"5","update_period":"86400s"}
QuorumMinimum share of voting power that must vote for the result to be valid.
20.04%
Quorum Check Count
0
Quorum Range
{"max":"0.500000000000000000","min":"0.100000000000000000"}
Quorum Timeout
20 days1728000s
ThresholdShare of Yes votes (excluding abstain) required to pass.
66.7%
Voting PeriodHow long a proposal stays open for voting.
21 days1814400s

Distribution

Where block rewards go.

Community TaxShare of block rewards sent to the community pool.
5%
Withdraw Addr EnabledWhether delegators can set a separate withdraw address.
On
Nakamoto Bonus
{"enabled":true,"step":"0.010000000000000000","period_epoch_identifier":"week","minimum_coefficient":"0.030000000000000000","maximum_coefficient":"1.000000000000000000"}

Mint

How new tokens are issued.

Mint DenomDenomination of newly minted tokens.
uatone
Inflation Rate ChangeMax yearly speed at which inflation can adjust.
13%
Inflation MaxUpper bound for the inflation rate.
20%
Inflation MinLower bound for the inflation rate.
7%
Goal BondedTarget bonded ratio; inflation adjusts to push toward this goal.
67%
Blocks Per YearEstimated blocks per year used for inflation math.
4,360,000

Bank

Whether tokens can be sent.

Send EnabledPer-denom overrides for whether transfers are allowed.
—
Default Send EnabledWhether token transfers are enabled by default.
On

Auth

Transaction limits and signature costs.

Max Memo CharactersMaximum length of a transaction memo.
512
Tx Sig LimitMaximum number of signatures per transaction.
7
Tx Size Cost Per ByteGas cost per transaction byte.
10
Sig Verify Cost Ed25519Gas cost of verifying an ed25519 signature.
590
Sig Verify Cost Secp256k1Gas cost of verifying a secp256k1 signature.
1,000

IBC transfer

IBC token transfers in and out.

Send Enabled
On
Receive Enabled
On