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    Title: BTNS GAS Utility Token
    Author: Jeremy Johnson (J-Dog)
    Status: Accepted
    Type: Standards
    Created: 2024-02-12

Abstract

Establish an fairly minted GAS utility token

Motivation

Establish a standard GAS utility token to provide functionality where it isn't technically possible to use BTC.

Specification

Token Name   : GAS
Total Supply : 10,000,000.00000000 (10M)
Mint Period  : 30 days
Mint Method  : Fair / Open Mint

Mint Period 1

Mint Supply : 2,500,000.00000000 (2.5M)
Mint Amount : 60.0 GAS (40 GAS + 50% Bonus)
Mint Target : 41,666 transactions
Mint Starts : Block # 831,208

Mint Period 2

Mint Supply : 2,500,000.00000000 (2.5M)
Mint Amount : 50.0 GAS (40 GAS + 25% Bonus)
Mint Target : 50,000 transactions
Mint Starts : Block # 832,216

Mint Period 3

Mint Supply : 2,500,000.00000000 (2.5M)
Mint Amount : 44.0 GAS (40 GAS + 10% Bonus)
Mint Target : 56,818 transactions
Mint Starts : Block # 833,224

Mint Period 4

Mint Supply : 2,500,000.00000000 (2.5M)
Mint Amount : 40.0 GAS (40 GAS + 0% Bonus)
Mint Target : 62,500 transactions
Mint Starts : Block # 834,232

Mint Examples

  • Mint Period 1 = bt:MINT|0|GAS|60
  • Mint Period 2 = bt:MINT|0|GAS|50
  • Mint Period 3 = bt:MINT|0|GAS|44
  • Mint Period 4 = bt:MINT|0|GAS|40

Notes

  • GAS can be minted via broadcasting a message via the counterparty broadcast function
  • Address 1BTNSGASK5En7rFurDJ79LQ8CVYo2ecLC8 is the initial issuing address for the GAS token
  • 2,500,000.00000000 (2.5M) GAS minted each period
  • 1,000 GAS MINT per address limit in place
  • Each period starts at a specific block # (1,008 blocks - 1 week)