Tokenomics

Tokenomics

The $TIG token is the native utility token of the TIG Ecosystem. It is used for fostering an environment of open innovation and incentivizing participation.

The $TIG token is an ERC-20 token (18 decimals) deployed on Base @ 0x0C03Ce270B4826Ec62e7DD007f0B716068639F7B

Token Distribution

The total supply of $TIG is capped at 131,040,000 TIG. The distribution of tokens is as follows:

  • Algorithms: 15%

  • Breakthroughs: 15%

  • OPoW: 70%

Token Emission Schedule

TIG’s token emission schedule comprises 5 tranches, each with the same total emission of 26,208,000 TIG, but successively doubling in duration (measured in rounds):

TrancheRoundsEmissions per blockEmissions per roundStart dateEnd date
11 to 26 (26)100 TIG1,008,000 TIG24 Nov 20231 June 2024
227 to 78 (52)50 TIG504,000 TIG1 June 202431 May 2025*
379 to 182 (104)25 TIG252,000 TIG31 May 2025*29 May 2027*
4183 to 390 (208)12.5 TIG126,000 TIG30 May 2027*24 May 2031*
5391 to 806 (416)6.25 TIG63,000 TIG25 May 2031*14 May 2039*

*Approximates

token-emission-schedule.jpg

Post tranche 5, rewards are solely based on tokens generated from TIG Commercial license fees.

Token Utility

  • Incentivising Innovators: Innovators are rewarded with $TIG tokens for submitting and optimising algorithms.

  • Incentivising Benchmarkers: Benchmarkers are rewarded with $TIG tokens for benchmarking algorithms.

By utilizing Optimisable Proof of Work, TIG aims to create a synthetic market for algorithms, a dedicated ecosystem and funding model for the development and optimization of algorithms.

In this ecosystem, innovators will develop new algorithms and optimise existing ones; Benchmarkers will identify the most efficient algorithms. Algorithms will be available for licensing, with all license payments flowing into the system to reward contributors.

Sharing in Block Rewards

TIG incentivises contributors through block rewards:

15% of block rewards are allocated evenly across challenges with at least one “pushed” algorithm before distributing pro-rata based on adoption rates.

15% of block rewards are allocated evenly across algorithmic breakthroughs for each challenge. Given the expected relative rarity of algorithmic breakthroughs (compared to code optimisations), this represents a significant reward, reflecting TIG’s emphasis on breakthrough innovations.

The remaining 70% of block rewards are distributed pro-rata amongst Benchmarkers.

To read more about how it works, head over to the Rewards page.