DZY coin and the treasury
DZY is the chain's own coin: 12,000,000 in total, issued on fixed timetables, and never destroyed. Learn how the pools, the treasury and fees fit together.
DZY is the coin built into Dznye Chain. It pays the small fees, it is what validators lock up as a promise, and it is a shared way to price things. Everything else on the chain (game gold, tickets, points) is a token that people make.
The rules of DZY
- A fixed total: at most 12,000,000 DZY will ever exist. The chain refuses to make more.
- Never destroyed: fees, charges and penalties go to validators and to a shared treasury and are paid out again. The total never goes down, so DZY goes round like a currency.
- Six decimals: the smallest piece is 0.000001 DZY.
- Issued on timetables: new DZY comes out only from five pools, each on its own schedule. Nobody can speed that up.
The five pools
Every DZY comes out of one of these pools. The chain itself enforces each pool's size and timetable, counted from the first block. Nothing is pre-issued: a pool only says how much may have been issued by a given day.
| Pool | Share | DZY | For | Timetable |
|---|---|---|---|---|
| Community | 50% | 6,000,000 | Rewards and grants for real use | 300,000 at the start, the rest evenly over 8 years |
| Creators | 20% | 2,400,000 | Grants for people who build on it | 120,000 at the start, the rest over 5 years |
| Treasury | 10% | 1,200,000 | Running the network, reviews, partners | 120,000 at the start, the rest over 2 years |
| Founder | 10% | 1,200,000 | The founder | Nothing for 6 months, then evenly over 3 years |
| Reserve | 10% | 1,200,000 | Future needs | Locked for a year, then evenly over 2 years |
You can see how much of each pool has been issued, and how much has unlocked so far, in the explorer.
Who can issue DZY?
Only the chain's issuing key, and only from a pool, within that pool's size and timetable. It has no say over blocks and cannot create DZY beyond the pools. Every issue is a public transaction with a written reason. The issuing key can be set up so that several people must agree (see accounts that need several keys), so that no single person controls it.
The treasury
The treasury is a balance held by the chain itself. It receives:
- Half of every fee. The other half goes to the validator that made the block, and the treasury gets all of it when that validator has not staked.
- The 1 DZY charge for making a token or putting up a contract, and 0.1 DZY for a name.
- What is left of a cheating validator's penalty.
- Any DZY someone chooses to "burn". Burning DZY gives it to the treasury, because the chain never destroys DZY.
The treasury pays out only by a public transaction from the issuing key, with a written reason, and never to the issuing key itself. You can read every payout in the explorer. (This is different from the "Treasury" pool above, which is part of the 12,000,000 still to be issued.)
If used coin was destroyed, the supply would shrink the more the chain was used. Here, the total stays the same, and what is collected comes back into use through grants, rewards and running costs.
How to get DZY
- Receive it from anyone who has some, by sharing your
@name. - Earn it as a validator (half of the fees in the blocks you make) once you stake.
- Grants and rewards from the community and creators pools, announced in public.
- You do not need DZY to start: the welcome fund pays fees for everyday things.
The chain itself has no exchange. DZY has no guaranteed price: its value comes from how much people choose to use the chain.
The numbers, live
Live supply, treasury and pool progress are on the status page and in the explorer. For code: GET /supply.