STORE First Treasury

Predictable and sound decentralized monetary policy with credibly low, long-term issuance.

About STORE Monetary Policy
STORE is incentivized by a decentralized monetary system that brings together the principles of sound money with credibly low inflation that doesn’t compound, is predictable, and secures the protocol over the very long-term.

STORE Monetary is governed by checks and balances. To change monetary policy, there is an extra check originating with the STORE Foundation.

Governance enables STORE to incentivize any future use case. Miners and Voters only have a single vote in Governance – no matter the size of their stake.
$STORE is the unit of account on STORE
The $STORE token is an ownership right to trust-minimized computing resources on STORE.
All computing resources are priced in bits, or units of $STORE.
(0.00000001 $STORE = 1 bit)
Long-Term Schedule for STORE First Treasury
Predictable and sound decentralized monetary policy with credibly low, long-term issuance.
1%-2% maximum of the genesis block per year – up to 20 Million $STORE per year – will begin once the STORE main network launches. In 2030, STORE will reach 1 billion tokens issued requiring governance to vote on the future security model for the protocol.
View Interactive Chart
Overview of STORE Monetary Policy
1 billion $STORE tokens have been authorized by STORE Labs, Inc. They will be strategically accessible over a long-time period. Project founders vest for 8-years, core team for 2-4 years, and advisors for 2 years. It’s anticipated that the future STORE Foundation will acquire all assets from STORE Labs, Inc. and from there enforce existing schedules for STORE Monetary Policy. STORE Labs, Inc. is in the process of establishing the STORE Foundation now, focusing on either Switzerland or Liechtenstein as the final location.
Treasury Schedule (1 Billion $STORE authorized)
35%
Sold in private and public token sales to fund R&D
49.6%
Allocated to the project for incentivizing growth of the STORE ecosystem, Miner adoption, team, and more – emits in the first 100 years
15%
Locked up in a long-term emission schedule giving governance access to genesis block Treasury to grow $STORE adoption – emits over 1,000 years
0.4%
Inflationary rewards for Governance and Compute test networks
NOTE: Before a formal ratification of STORE Democracy, long-term monetary policy is subject to change. Any change impacting +2% of total supply will go to a vote in STORE Governance. In 2030, STORE is expected to exceed 1 billion $STORE tokens issued requiring STORE Governance to evolve the protocol from First Treasury to Second Treasury.
$STORE Token Economics
$STORE Token Details
About $STORE
The unit of account for the STORE protocol.
$STORE Data
About
Name of asset (unit of account)
$STORE
Sub unit
bit
1 $STORE equals
100,000,000 bits
Allocated $STORE Supply
523,727,129
Authorized $STORE Supply
1 billion
Price per $STORE (private)
$0.099
Market Cap (if trading)
$51.85MM
Y2029 Max Allocated Supply
960,370,184
% Total Supply Sold-To-Date
23.48%
% Remaining To-Be-Sold
11.52%
$STORE Details
Token Details
Type
Will begin as an ERC20 and then be native
Name of Token
$STORE
Token Usage: $STORE is a utility token. Owning $STORE is a right to trust-minimized computing resources on the STORE protocol. The utility token is used for staking, voting, and payments on the STORE Cloud. At layer one, Miners are paid $STORE inflationary rewards to secure blockchain databases voted on by STORE Governance. At layer-two, developers pay Miners in $STORE tokens for trust-minimized cloud resources.
$STORE Economics
Token Economics
Type
Staking Rewards
Genesis Supply
1 Billion STORE
Ongoing Emission Type
Inflationary
Max Inflation Per Year
20 Million STORE
Inflation Schedule
Will fluctuate to incentivize a maximum of 10% to 51% of $STORE staked.
Emission Schedule
Will decrease yearly but the project has committed to a predictable and perpetual maximum emission schedule for project-controlled tokens that is overseen by governance.
NOTE: Data updated as of November 23, 2021
NOTE: Data updated as of November 11, 2021
STORE’s Monetary Policy expects to generate high staking yields
STORE’s long-term, economically sound monetary policy is designed to provide industry-leading staking returns. STORE is expected to have better inflation-adjusted yields (Real Yields) than all leading Proof-of-Stake protocols of today.
Name
**Real Yield
*Expected Yield (APR)
Market Cap ($)
Staking Requirements
Estimated Cost
Cloud Miner
15.47%
Block Miner
15.47%
Voter
15.47%
Cloud Miner
17.17%
Block Miner
17.17%
Voter
17.17%
$52.7MM
(STORE market cap based upon today’s Allocated Supply at $0.099 per $STORE)
Cloud or Block Miner
100,000 minimum $STORE to compete in mining auctions
10,000 minimum $STORE to compete in voter auctions
Cloud or Block Miner
0.21 BTC / $9,900
Voter
0.021 BTC / $990
NOTE: $STORE minimums are to compete in +quarterly auctions
7.4%
7.4%
$12B
Dependent on relative capacity contribution (trustless static storage)
Dependent on relative capacity contribution (trustless static storage)
6.17%
6.53%
$461B
32 ETH
2.14 BTC / $96,000
5.62%
14.15%
$33B
350 DOTs
0.157 BTC / $7,000
4.46%
10.31%
$10B
2000 AVAX
1.18 BTC / $52,000
3.05%
10.04%
$5B
1 ATOM
0.0031 BTC / $13.82
1.90%
6.55%
$93B
10,000 ADA
0.331 BTC / $14,800
1.47%
6.51%
$40B
None
No defined minimum
1.58%
6.62%
$4B
1 XTZ (Baker Roll: 8000)
0.015 BTC / $27,400
*Yields are based on a 24-month unlocking schedule (11.11% released at the beginning of each quarter. The final release schedule for STORE will be determined by First Governance).
**Real Yields are the annualized rate of return on staked tokens reduced by the annualized rate of inflation
***The inflation rate used to adjust Yield on STORE is based on the network value being unchanged over time and only derived from the increase in 1,000,000,000 $STORE token supply due to inflationary block rewards. This is also based on a launch period of 2.5 years.
Data updated as of November 11, 2021. Yield and Real Yield for non-STORE protocols provided by StakingRewards.com
STORE Monetary Policy is quantifiable
Distribution Strategy for STORE First Treasury
Treasury is distributed to optimize for perpetual innovation and growth of the STORE protocol.
Overall $STORE Distribution
Supply
Long-Term Treasury Fund (distributed equally across 1,000 years)
150 MM
Test Network Staking Rewards (Governance, Compute, and Settlement test networks)
4 MM
Team (distributed over time but mostly by 2030)
198 MM
Ecosystem Fund (distributed across 100 years with annual predictability)
298 MM
Token Sales (sold as needed in private and invite-only public offerings)
350 MM
STORE First Treasury projected issuance chart
$STORE issuance and inflationary rewards are on a long-term schedule giving STORE Governance access to the initial authorized supply of 1 billion tokens across strategic 100-year and 1,000-year periods
View Interactive Chart
STORE Monetary Policy is predictable
STORE has a predictable maximum emission and inflation schedule
A checks and balances Second Governance between the STORE Foundation and staked Voters enforces a predictable monetary policy on STORE. Before a ratified Third Governance, if any change to monetary policy results in a change greater than 2% of Total Supply (20 Million $STORE), the proposal will go to a vote in First Governance (current) or Second Governance
Year
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
Maximum Yearly Emissions from Inflationary Rewards
0.0 MM
0.0 MM
0.8 MM
10.4 MM
15.4 MM
20.0 MM
20.0 MM
20.0 MM
Test Network(s) Rewards
1.5 MM
2.0 MM
0.5 MM
0.0 MM
0.0 MM
0.0 MM
Maximum yearly emission from Ecosystem, Team and Advisors, and
1,000-Year Treasury Fund
35.5 MM
39.4 MM
49.1 MM
79.6 MM
89.5 MM
51.1 MM
48.0 MM
37.5 MM
22.0 MM
15.0 MM
13.7 MM
Projected Token Sales  [3]
66.9 MM
58.7 MM
26.6 MM
27.7 MM
55.0 MM
12.8 MM
12.8 MM
12.8 MM
12.8 MM
12.8 MM
12.8 MM
Actual Token Sales
66.9 MM
58.7 MM
26.6 MM
27.7 MM
55.0 MM
0.0 MM
0.0 MM
0.0 MM
0.0 MM
0.0 MM
0.0 MM
Total Per Year
102.4 MM
98.1 MM
75.7 MM
107.3 MM
144.5 MM
66.3 MM
73.2 MM
66.2 MM
54.8 MM
47.8 MM
46.5 MM
[3] Token sale emissions are up-to-date as of October 31, 2021. We expect to sell up to 35% of authorized $STORE tokens to fund R&D.
STORE issues 1 Billion tokens by 2030
By 2030, STORE is expected to exceed 1 billion $STORE tokens issued requiring STORE Governance to evolve the protocol from First Treasury to Second Treasury.
STORE issues 1 Billion tokens by 2030
View Interactive Chart
STORE Monetary Policy is sound like Bitcoin
Bitcoin’s Supply vs. Issuance Rate
Bitcoin has a set limit of 21 million coins that can be generated. This restricted supply allows inflation to be controlled by Bitcoin network operators. Every 4 years, the number of Bitcoins issued into the system is halved. Once all inflationary rewards are issued to Miners, Bitcoin will be secured by transaction fees-only (estimated in 2140).
STORE’s Supply vs. Issuance Rate
STORE Monetary Policy is decentralized with credibly low, long-term issuance. Inflation begins at 1% and upgrades to 2% as the Security Budget grows. STORE monetary policy doesn't compound, it incentivizes the protocol over the very long-term, and is sound like Bitcoin. STORE is different than Bitcoin's fixed issuance in that $STORE inflationary rewards will secure the protocol in perpetuity. Also, it has no fees.
View Interactive Chart
STORE doesn’t compound inflation like other layer ones
Inflationary Rewards Plus Emissions for major protocols – 100 years
Compounding inflation results in hyper-inflation. STORE and Bitcoin don’t compound.
NOTE: Data is based upon the amount each protocol is expected to grow yearly circulating supply.
View Interactive Chart
STORE Monetary Policy is governed by checks and balances
STORE’s Second Governance will have checks and balances
Once STORE launches a test network for its Second Governance, the $STORE asset will be governed by checks and balances between the STORE Foundation and staked Miners (Voters).
How It Works: The STORE Foundation crafts ballots. With a 51% approval, the Voter branch can pass a change. The Foundation can accept or reject the change. If accepted, the Foundation executes the change. If rejected, a second vote with 67% approval can overrule the STORE Foundation. Once approved, the Foundation recognizes the change as legally binding and executes it. A change could be a fork.

NOTE: The STORE Third Governance is expected to be a four-branch ratified democracy with checks and balances and a separation of powers between the four branches.
How Inflationary Rewards are allocated
Network operators – the Voters and Miners of STORE – receive 70% of the inflationary rewards. The STORE Foundation receives 25%. Markets receive 5%.
Once STORE launches a test network for its Second Governance, the $STORE asset will be governed by checks and balances between the STORE Foundation and staked miners.
Inflationary Rewards are governed by the Security Budget
The Security Budget (SB) determines the maximum inflationary rewards issued by STORE. The SB is the percentage of circulating supply the protocol rewards to be staked in exchanged for network security. If there’s more stake than the SB allows, the Earnings Power of all Miners is adjusted down to match the SB while inflation is maxed out. If the SB isn’t met by Miners, then not all inflationary rewards are issued to Miners. The SB is set by STORE Governance.
How STORE Evolves Governance and Decentralized Computing
STORE Governance raises the Security Budget when it’s time to introduce new utility into the STORE Protocol. As utility grows, so does inflationary rewards from 1% to 2% maximum per year.
Revenue Projections
Inflationary rewards will fund STORE, forever
STORE Governance earns 25% of the block reward enabling protocol security, engineering, growth, operations, and governance to be funded in perpetuity. STORE Miners earn 70%. STORE Markets earn 5%, split evenly across all Markets.
*Revenue projections are block rewards-only. Once layer 2 computing evolves, developers will pay Miner $STORE for trust-minimized cloud resources.
STORE Test Network
STORE Test Network
Second Governance will test the economics of the STORE computer, frame the structure of a future ratified BFT democracy, and enable Governance to begin operating STORE Cloud.
Second Governance Test Network
Phase 1
Phase 2
Phase 3
Phase 4
Phase 5
# of STORE Miners
Phase 1
10
Phase 2
17
Phase 3
17
Phase 4
34
Phase 5
51
# of Cloud Markets
Phase 1
1
Phase 2
1
Phase 3
1
Phase 4
2
Phase 5
3
Security Budget
Phase 1
10%
Phase 2
20%
Phase 3
30%
Phase 4
40%
Phase 5
51%
STORE Auction
Phase 1
Phase 2
Phase 3
Phase 4
Phase 5
Trust-your-network of one entity one vote
Phase 1
Phase 2
Phase 3
Phase 4
Phase 5
Voter Rewards and Market Rewards both introduced
Phase 1
Phase 2
Phase 3
Phase 4
Phase 5
Voters sign up for Discourse and join Committees
Phase 1
Phase 2
Phase 3
Phase 4
Phase 5
Voter Registry and Voting Reward ledgers are published
Phase 1
Phase 2
Phase 3
Phase 4
Phase 5
The STORE Foundation begins issuing ballots from Committee requests and STORE R&D. In a checks and balances governance, staked Voters can overrule the Foundation in a final vote if the Foundation rejects their first vote results (dDemocracy).
Phase 1
Phase 2
Phase 3
Phase 4
Phase 5
Founder Rewards introduced, an incentive for STORE to grow
Phase 1
Phase 2
Phase 3
Phase 4
Phase 5
Miners take control of the STORE Cloud
Phase 1
Phase 2
Phase 3
Phase 4
Phase 5
Markets introduced. STORE Voters begin to determine how to add future Markets for added security and utility to the protocol.
Phase 1
Phase 2
Phase 3
Phase 4
Phase 5
Earnings Power re-auction for all Voters, a cyclical 4-year event
Phase 1
Phase 2
Phase 3
Phase 4
Phase 5
Markets vote as a DAO (dFederalism)
Phase 1
Phase 2
Phase 3
Phase 4
Phase 5
First ballot for non-STORE crypto governances issued #GovFi
Phase 1
Phase 2
Phase 3
Phase 4
Phase 5
NOTE: There will be 17 auction winners per Market. On STORE, there is both Protocol-level governance and Market-level governance.
⚡ Electricity for Web3