$PETRO is the utility token of the PetroNad ecosystem. It is earned by staking Rigs and spent to upgrade Fields and power your operations.
Tokenomics
Supply Cap and Distribution
$PETRO has a fixed supply of 10,000,000 tokens. The emission schedule follows a geometric distribution based on time (seconds), rather than blocks, to ensure consistent inflation regardless of network speed.
(Th):Duration of the Halving Cycle in seconds (518,400 seconds or 6 Days)
(i): Halving cycle index
Initial Supply was 400,000 :
380,000 to Liquidity
20,000 for Future Giveaways and Community Events
(Note: We will adjust this text later if any team-mining occurs before launch)
Halving Schedule
PetroNad follows an aggressive deflationary halving mechanism inspired by Bitcoin but optimized for the Monad network. The reward rate starts at 4.1667 $PETRO per second and halves after every 6-day interval.
Rb(t)=R0(21)⌊Tht⌋
Where:
R0= 4.16666... (Initial emission rate in $PETRO per second)
t: The elapsed time in seconds since the start of mining.
Th: The halving interval (518,400 seconds).
First Cycle Statistics
Until the first halving event (Day 6), PetroNad will be distributing approximately 360,000 $PETRO per day.
Daily Emission: ~360,000 $PETRO
Total Distribution (Cycle 1): 2,160,000 $PETRO
Initial Rate (R0): 4.1667 $PETRO / sec
(Note: Emission logic is time-based. Drilling officially commences the moment the first Rig is activated on the Monad mainnet.)