CNPY

Why token?

The native CNPY token incentivizes Validators to provide Consensus services that supports the creation of new blockchains.

→ This service creates an incentivized 'start-up' program that enables new blockchains to be created, launched, and matured securely — starting a self-reinforcing, peer-to-peer foundation for Web3.

Supply

The native token CNPY has no mint in the Genesis file — following managed fair launch principles.

• Every block that is produced on Canopy Network creates new CNPY tokens.

• The starting amount of the block reward is 80 CNPY.

• Blocks are created approximately every 20 seconds.

• Block rewards are halved every 3,150,000 blocks or about 2 years.

• The total tokens is projected to be 504,000,000 CNPY.

Distribution

The CNPY block reward is fairly distributed among actors depending on their level of participation.

5% of the block reward is given to the DAO Treasury Fund each block

➢ The Block Reward less the DAO Cut is divided evenly among all subsidized committees.

Each committee may distribute these tokens as determined by their respective protocols—but the default is:

For each block produced:

• 70% → Block Producer (miner)

• 10% → Delegate

• 10% → Nested Validator

• 10% → Nested Delegate

These percents are normalized based on the number of Nested blocks produced for each Canopy block.

Importantly, each block produced creates CNPY and Nested Chain token at the above distribution — resulting in a cross-pollination of tokens and actors.