[Zoom In Aston] ASSET MODEL — Currency & Issuance

ATX is currency which can be used to pay all kinds of commission incurred on ASTON platform (Platform fee, document issuance fee, document storage fee, etc.). Let’s learn more about ATX’s currency and issuance.
At present, X.Blockchain’s assets ATX has been issued with a total of 1,000,000,000 ATX, including the amount supplied through ICO and the retained earnings. The current total issue volume will be maintained until before X.Blockchain’s main net open, and thereafter the total issue volume will increase gradually depending on additional issues. Additional issuance of ATX will mitigate ATX centralization that may occur over time.
If appropriate additional issuing methods are not provided, ATX may be concentrated in some block producers as compensation for block generation over time, and as a result the actual amount of money circulated on the market will decrease. Without further issuance and provision, the strong incentive needed to maintain a blockchain network will disappear, or at least will be reduced to a serious degree. In a public blockchain network, where higher levels of trust can be secured by the involvement of block producers, this can lead to fatal problems.

On the other hand, unlimited additional issuance causes inflation, which reduces the real value of money, and this, as mentioned above, can cause problems such as weakening the motivation of the participants in the blockchain network.
X.Blockchain uses a model with fixed amount of additional issuance (permanent liner supply growth model) as the basic policy by reference to ethereum’s model. We will continuously revise this value through sufficient review and test of problem such as setting a supply growth rate relative to the initial issue volume of ATX and maintaining substantial money supply and inflation.
We have gone through the currency and issuance of ATX today. We will cover Incentives of ASTON’s Asset Model next time. You can also check out more details about ASTON platform through our whitepaper from official website!
