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Supply

How $PEAQ enters supply, and how it leaves

Newly minted $PEAQ funds the network early, on a falling schedule. Bonding and burning take supply back out.

An operator with a tablet overseeing robotic arms on a factory floor
How $PEAQ enters

Newly minted $PEAQ falls every year until real revenue takes over

4.20B

Supply at genesis

Year 13

Issuance reaches the 1% floor

≈5.67B

Projected at end of year 17

Newly minted $PEAQ

% of supply per year

Projected total supply

billion $PEAQ
Axis starts at 4.0B.
Supply-shrinking mechanisms

Alongside the schedule, machines take supply out

Each activation locks $PEAQ for a year and each renewal locks more. A machine that isn't renewed has half its bond burned.

  1. Machine activates

    $PEAQ is bonded to the Machine ID.

  2. Renews yearly

    The bond grows and tier points accrue.

  3. Not renewed

    14-day grace, then a 14-day runoff.

  4. 50% burned, permanently

    Half of the remaining bond is destroyed.

  5. 50% to the Treasury

    The other half goes to the Treasury, not back to the operator.

Not renewing shrinks the supply

A machine that is not renewed destroys part of its bond, so supply falls with every departure.

Four forces on circulating supply

Locked supply is designed to grow faster than issuance

  • Bonding absorbs

    Every activation and renewal locks $PEAQ to a Machine ID. A lower price locks more tokens.

  • Runoff burns

    Half of a non-renewed machine's bond is destroyed. The rest goes to the Treasury.

  • Rewards recycle

    Credits can only pay for renewals or bond new machines. Nothing is emitted as liquid tokens.

  • Validator bonds scale

    The minimum stake per validator rises with the machine count.

Try it

How much $PEAQ does a fleet lock, renew, and burn?

Machines3.3M
TierBasic · $0.20
Share of the fleet not renewed10%

33M $PEAQ bonded in year one

$PEAQ bonded, year one
33M
Paid in dollars, year one
$660K
Bonded again at renewal, year two
29.7M
Locked after two years
59.4M
Burned permanently by the share not renewed
1.65M
To the Treasury from the same machines
1.65M

Illustration, not a forecast. Assumes a flat price and that renewing machines bond the same again.

Status, September 2026: the burn address is not yet set, so burns do not reduce total supply yet. See the tokenomics docs.

Worked example

What today's machines would bond, at different prices

Activation is priced in dollars, so a lower $PEAQ price means a deeper bond. Shown: today's 3.3M machines on the Basic tier.

Bonding demand by $PEAQ price

3.3M machines · Basic · $0.20 each
Illustrative only, not a forecast. Prices are per $PEAQ; percentages are of circulating supply (2.53B). Bonding demand strengthens exactly when the price weakens, by construction.
More scenarios in the Economics 2.0 paper

Set through governance

Prices, fees, and allocations can change through governance.

Structural, not live

Figures come from the Economics 2.0 paper. For live numbers, see the Machine Explorer.

Information, not advice

Not an offer or investment advice. Verify contract addresses before you transact.