STORE Monetary Policy

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

Table of Contents
AboutOverviewToken EconomicsMP is QuantifiableCompounding Inflation
Governed by C&B
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About STORE

STORE is a new layer-one staking protocol incentivizing and securing a zero-fee Web3. $STORE is the unit of account on the STORE protocol.

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 Governance enables STORE to incentivize any future use case. Rather than governance by whales, STORE is pioneering governance by democracy where miners and voters only have a single vote – no matter the size of their stake.
$STORE is the unit of account on STORE
$STORE TOKEN
$STORE is an ownership right to trust-minimized computing resources on the STORE protocol.
STORE computing resources are priced in bits, or units of $STORE.
(0.00000001 STORE = 1 bit; 1 STORE = 100 Million bits)
Most layer-one tokens
Single Use Token Design
$STORE
Staking
Rights
Governance
Powers
Paying
Surge
Fees
Purchasing
Cloud
Resources
MONETARY POLICY
A decentralized, long-term, and predictable monetary system
STORE is incentivized by a decentralized monetary system that brings together the principles of sound money with credibly low inflation of 1%-2% per year, is predictable, and secures the protocol over the long-term. In Q4 2022, a multi-year release schedule will be voted on giving $STORE a low-float and long-term token launch.
Inflationary rewards up to 10 Million to 20 Million $STORE per year (1%-2%) begin at phase one of the STORE main network. Before main network, up to 4 Million $STORE will incentivize the Articles test network.
View Interactive Chart
Overview of STORE Monetary Policy
1 billion $STORE tokens have been authorized by STORE Labs, Inc. Founders vest for 8-years, core team for 2-4 years, and advisors for 2 years. Ecosystem partners vest as milestones are achieved.
Treasury Schedule (1 Billion $STORE authorized)
40%
Sold in private and public token sales to fund long-term R&D
39.7%
Allocated to the project for incentivizing the growth of the STORE ecosystem – the first 100 years
19.9%
Allocated to the project for incentivizing the STORE team – the first 10 years
0.4%
Allocated for participants in the incentivized test network Articles
Proposed Additions (subject to an upcoming vote in First Governance)
Up to 120
Million $STORE
To fund network security through inflationary rewards – the first 6-10 years
Up to 100
Million $STORE
To fund a guaranteed demand of STORE auctions through Committed Supply inflationary rewards – the first 8+ years
Up to 20
Million $STORE
To fund a long-term release schedule of the $STORE asset
Up to 10
Million $STORE
To fund a long-term unlocking schedule of Committed Supply
NOTE: It's anticipated that a token release schedule will be voted on by STORE Governance in 2022, and it'll be equally applied to all wallets. It’s also anticipated that the project will incentivize Committed Supply which has the potential to get up to 2, 4, and 8-year lock-up commitments for up to 75% of Total Supply, and then continued commitments for the remaining emissions across 8+ years. Combined with staking, Committed Supply would grow Total Value Locked (TVL) on STORE. Other proposals will be voted on in 2022, including long-term inflationary rewards funding, Committed Supply rewards funding, incentives for the $STORE release schedule, and an unlocking schedule of Committed Supply. STORE First Governance will vote to determine how to pay for these proposals.
A NEW LAYER ONE
A staking protocol securing a zero-fee Web3
Of the major layer one protocols, STORE expects to have Top 3 lowest inflation and Top 3 highest real yields.
Name
[2] 10-year Inflation average
[4] Liquid Supply
[5] Circulating Supply
[3] Real Yield
Expected Yield (APR)
Market Cap ($)
Staking Requirements
1.56%
1.56%
Cloud Miner
9.90%
Block Miner
7.14%
Voter
9.90%
Cloud Miner
11.51%
Block Miner
9.24%
Voter
11.51%
$25.48MM
(STORE market cap based upon today’s Allocated Supply at $0.079 per $STORE. Fully Diluted Value is $339 Million)
Cloud or Block Miner
100,000 minimum $STORE to compete in mining auctions
Voter
10,000 minimum $STORE to compete in voter auctions
0.5%
0.6%
5.4%
5.1%
$147 Billion
32 ETH
1.4%
1.7%
4.4%
5.3%
$17 Billion
10,000 ADA
3.1%
3.3%
4.9%
6.4%
$10 Billion
None
3.7%
4.3%
5.4%
6.1%
$1.3 Billion
1 XTZ (Baker Roll: 8000)
4.3%
5.0%
14.6%
14.6%
$1.9 Billion
1 ATOM
7.9%
7.9%
2.4%
9.7%
$4.7 Billion
2,000 AVAX
7.9%
8.8%
5.2%
7.4%
$1.2 Billion
Dependent on relative capacity contribution (trustless static storage)
11.9%
12.9%
14.7%
14.7%
$8.2 Billion
350 DOTs
[1] STORE Yields are calculated as an average of four years (Sep. 2023 - Aug. 2027). Yields are based on a total authorized supply of 1 billion $STORE.
[2] STORE inflation rates are calculated as an average of the first four launch years. Inflation is based on a total authorized supply of 1 billion $STORE. Before 4 years expires, STORE will need to vote on its security.
[3] Real Yields are the annualized rate of return on staked tokens reduced by the annualized rate of inflation. All  Yields are calculated using a Total Supply Basis (if it’s available).
[4] Liquid supply is the total number of tokens issued by the protocol since inception.
[5] Circulating supply is the amount of tokens which can easily circulate in open markets.
Data updated as of June 14, 2022. Yield data non-STORE protocols provided by StakingRewards.com and inflation rates provided by Messari.
PROTOCOL SECURITY
Incentivized by Dynamic Proof-of-Stake (DyPoS)
DyPoS, a STORE invention, provides the protocol with algorithmic stability for both off-chain and on-chain network security. This ensures STORE doesn’t overpay for security, while incentivizing network operators to meet or exceed the protocol’s Security Budget. DyPoS introduces predictable surge fees into blockspace when demand > supply. STORE’s leaderless economics incentivizes democracy to spread to computing resources on the STORE protocol. Finally, STORE’s Dynamic DDoS protection makes large-scale spam attacks on STORE Chain technically impossible.
dynamic-proof-of-stake-explained
$STORE Token Economics
TOKEN ECONOMICS
About $STORE Economics
In progress: 8-year founder vesting  ·  Long-term staking  ·  Low inflation  ·  Industry-leading yields  ·  Ongoing auctions to grow network security
To be voted on: A long-term release schedule with incentives  ·  Incentives that could commit up to 75% of Total Supply for 8+ years to staking
$STORE Data
Name of asset (unit of account)
$STORE
Sub unit
bit
1 $STORE equals
100,000,000 bits
Allocated $STORE Supply
573,484,922
Authorized $STORE Supply
1 billion
Price per $STORE (private)
$0.039
Market Cap (if trading)
$25.48MM
% Total Supply Sold-To-Date
24.16%
% Remaining To-Be-Sold
15.84%
$STORE 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
Type
Staking Rewards
Ongoing Emission Type
Inflationary
Max Inflation Per Year
10-20 Million $STORE
Inflation Schedule
Will fluctuate to incentivize a maximum of 20% 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: STORE expects an equitable release schedule for $STORE to be voted on by its First Governance (one $10,000 or more token buyer / one vote) in 2022.

NOTE: STORE is considering a Committed Supply proposal for STORE holders to commit to competing in STORE auctions by locking $STORE up for 1-4 years, earning yield whether they win auctions or not. This proposal gives STORE auctions guaranteed supply. Auctions give STORE security and governance. It’s estimated that 70% of today’s STORE Allocated Supply could be committed for up to four years.

NOTE: Committed Supply tokens will automatically compete in staking auctions for STORE. If won, tokens move from Committed Supply into the Staked Supply budgets.

Data updated as of July 14, 2022
PROTOCOL BUSINESS MODEL
Multiple revenue streams enable the STORE Foundation to make ongoing investments in the operations, growth, and R&D of STORE
STORE Monetary Policy is engineered for STORE profitability using equitable economics for all sides of STORE.
1
Earns 25% of inflationary rewards
2
Earns 25% of all blockspace Surge Fees
3
Earns 25% of all cloudspace fees
Network operators – the voters and miners of STORE – receive 70% of the inflationary rewards. The STORE Foundation receives 25%. Markets receive 5%.
inflationary-rewards-miners-governance
How inflationary revenue is allocated
STORE Monetary Policy is quantifiable
Distribution Strategy for STORE First Treasury
Treasury is distributed to optimize for the long-term growth of the STORE protocol.
Overall $STORE Distribution
Supply
Founding inflationary rewards
60 MM
Test Network Staking Rewards (Governance, Compute, and Settlement test networks)
4 MM
Team (distributed over time but mostly by 2030)
199 MM
Ecosystem Fund (distributed across 100 years with annual predictability)
337 MM
Token Sales (sold as needed in private and invite-only public offerings)
400 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 doesn’t compound inflation like other layer ones
Total Supply for major protocols – 100 years
Compounding inflations results in hyper-inflation on many protocols. STORE, like Bitcoin, doesn’t compound.
NOTE : Data is based upon the amount each protocol is expected to grow yearly total supply in tokens
View Interactive Chart
STORE Monetary Policy is governed by checks and balances
STORE is governed by checks and balances
  • Instead of a one token one vote plutocracy, it is a one entity one vote democracy
  • No matter the size of the stake, there is only one vote for miners providing infrastructure
  • Ballots begin with the Foundation. Voters can overrule the Foundation with a second vote
  • Unlike other layer one governances where the Foundation rules, the Voters rule the Foundation
  • Monetary policy can change but it’s the most difficult of all to change requiring two separate checks
second-governance-checks-and-balances
STORE’s active First Governance is one vote, one $10,000 purchased wallet. Once STORE
mainnet goes live, STORE transitions to Second Governance which is detailed above.
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.
rewards-governed-by-security-budget
PROTOCOL EVOLUTION
STORE expects to have five launch phases and a test network
The STORE protocol evolves one launch phase at a time. As utility grows, so does the budget for network security — whether it be through inflationary rewards, an increased Security Budget, or fees.
phases-to-launch-store
Subject to change as R&D evolves. Before bidding in auctions, founding network operators will agree to this upgrade path to the protocol.
Zero-fee Web3