STORE Monetary Policy

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 Policy will be governed through checks and balances. To change monetary policy, there is an extra check originating first with STORE Labs, Inc. and then with the STORE Foundation.

Before the STORE Foundation comes online, STORE Labs, Inc. will get approval for any structural changes to Monetary Policy through its First Governance.

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 is an ownership right to trust-minimized computing resources on STORE. $STORE commoditizes computing resources.
STORE computing resources are priced in bits, or units of $STORE.
(0.00000001 STORE = 1 bit; 1 STORE = 100 Million bits)
NOTE: $STORE incentivizes three utilities on STORE: governance, staking, and purchasing trust-minimized cloud resources from miners
Long-Term Schedule for STORE First Treasury
STORE is incentivized by a decentralized monetary system that brings together the principles of sound money with credibly low inflation which doesn’t compound, is predictable, and secures the protocol over the long-term.
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)
Sold in private and public token sales to fund long-term R&D
Allocated to the project for incentivizing the growth of the STORE ecosystem – the first 100 years
Allocated to the project for incentivizing the STORE team – the first 10 years
Allocated to founding inflationary rewards for network security – the first 3 to 4 years
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 10 years
Up to 105
Million $STORE
To fund a guaranteed demand of STORE auctions through Committed Supply inflationary rewards – the first 8+ years
Up to 15
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.
$STORE 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
Name of asset (unit of account)
Sub unit
1 $STORE equals
100,000,000 bits
Allocated $STORE Supply
Authorized $STORE Supply
1 billion
Price per $STORE (private)
Market Cap (if trading)
% Total Supply Sold-To-Date
% Remaining To-Be-Sold
$STORE Details
Token Details
Will begin as an ERC20 and then be native
Name of Token
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
Staking Rewards
Ongoing Emission Type
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 Q3 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. Maximum new inflation to fund 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 April 12, 2022
STORE’s Monetary Policy expects to generate high staking yields
With a long-term commitment to sound money principles, STORE expects to have Top 3 lowest inflation and Top 3 highest Real Yields for layer ones.
[2] 10-year Inflation average
[4] Liquid Supply
[5] Circulating Supply
[3] Real Yield
Expected Yield (APR)
Market Cap ($)
Staking Requirements
Cloud Miner
Block Miner
Cloud Miner
Block Miner
(STORE market cap based upon today’s Allocated Supply at $0.099 per $STORE. Total Supply Cap is $99 Million)
Cloud or Block Miner
100,000 minimum $STORE to compete in mining auctions
10,000 minimum $STORE to compete in voter auctions
$383 B
32 ETH
$40 B
10,000 ADA
$36 B
$3.9 B
1 XTZ (Baker Roll: 8000)
$8.8 B
$22.3 B
2,000 AVAX
$3.9 B
Dependent on relative capacity contribution (trustless static storage)
$21.7 B
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 April 12, 2022. Yield data non-STORE protocols provided by and inflation rates provided by Messari.
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
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 Monetary Policy is predictable
STORE issues 1 Billion tokens by 2027
By 2027, 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 2027
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).
View Interactive Chart
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
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’s Second Governance will have checks and balances
Once STORE launches a test network for Second Governance, the $STORE asset will be governed by checks and balances between the STORE Foundation, staked miners, and staked voters.
How It Works: The STORE Foundation crafts ballots. With a 51% approval, the bicameral 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.
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 or an increased Security Budget.
Subject to change as R&D evolves. Before bidding in auctions, founding network operators will agree to this upgrade path to the protocol.
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.
View Interactive Chart
*Revenue projections are block rewards-only. Once layer 2 computing evolves, developers will pay Miner $STORE for trust-minimized cloud resources.
STORE Test Network
Incentivized Test Network called Articles
STORE’s incentivized test network will test the economics of STORE, frame the structure of a future ratified BFT democracy, and allow governance to evolve into a meta-governance.
Phase 1
Establish ⅔ Trust
Phase 2
Protocol Governance
Phase 3
Governed Cloud
Phase 4
Market Governance
Phase 5
# of STORE Voters
# of Voting Markets
# of Cloud Miners
# of Cloud Markets
Inflationary Rewards (4 Million $STORE)
1% / 666,667
1% / 666,667
1% / 666,667
1% / 666,667
2% /  1,333,333
Security Budget
STORE Auction for Voters
Trust-your-network of one entity one vote
Voter Rewards and Market Rewards both introduced
Voters sign up for Discourse and join Committees
Voter Registry and Voting Reward ledgers are published
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).
Founder Rewards introduced, an incentive for STORE to grow
STORE Auction for Cloud Miners
Markets introduced. STORE Voters begin to determine how to add future Markets for added security and utility to the protocol.
Earnings Power re-auction for all Voters and Miners – a quadrennial event
Markets vote as a DAO (dFederalism)
First ballot for non-STORE crypto governances issued #GovFi
NOTE: There will be 17 auction winners per Market. On STORE, there is both Protocol-level governance and Market-level governance.
⚡ Electricity for Web3