// Chapter 08 · Token
Token Mechanics
$PRLX, end to end.
Token mechanics
// 8.0 · five claims · fixed supply · narrow tax · operator stake · funding transition · maintenance-key ownership
// Five claims
Fixed supply. Narrow tax. Operator stake. Funding transition. Maintenance-key ownership.
Token identity
// 8.1 · fixed parameters · ERC-20 mainnet
// $PRLX identity · 8 parameters
Name
ParalleliX Network
Ticker
$PRLX
Total supply
100,000,000
Decimals
18
Standard
ERC-20
Network
Ethereum mainnet
Mint
None
Burn
None
// Contract address
0x93ff39f65cc1d21067939961993adf3f36bbf893
Deployed and verified on Etherscan
Distribution
// 8.2 · four buckets · fixed at launch
Four buckets, allocated at launch. Each carries its own lock posture.
- 60%
Liquidity
Trading + price stability
- 25%
Operator Rewards
Bootstrap operator subsidy
- 10%
Team Development
Platform + research
- 5%
Treasury
Strategic reserve
// Distribution buckets · 4 entries
- Liquidity60% · 60,000,000 $PRLXUNCX · 6 monthsUNCX lock
- Operator rewards25% · 25,000,000 $PRLX24-month linear releaseSablier stream
- Team development10% · 10,000,000 $PRLX12-month cliff + 24-month linearSablier stream
- Treasury5% · 5,000,000 $PRLXSablier · 1-year fixed lockSablier stream
Note·Lock posture
Transaction tax
// 8.3 · 4% buy/sell · 1 · 2 · 1 split
// Tax split · 4% aggregatebuy + sell
- // 2.0Development1%
Platform upgrades, protocol security, features.
- // 2.1Operations2%
Infrastructure, community, day-to-day ops.
- // 2.2Marketing1%
Awareness, partnerships, community incentives.
A custom transfer hook applies the tax, classifying each transfer by checking its source and destination against a known router-and-pair allowlist. Transfers from a known DEX pair to a wallet are buys; wallet-to-pair are sells; wallet-to-wallet are untaxed. $PRLX is a fee-on-transfer token; the launch DEX is a V2-style AMM.
Operator rewards are funded separately. Bootstrap from the 25% staking allocation.
// Tax · what it does not do
- // 01Does not fund operators
Node operators are paid from the 25% Operator Rewards bucket at launch and from a share of ParalleliX AI usage payments in steady state. The 4% tax never reaches them.
- // 02Does not compound
Each buy or sell pays the tax once. No compounding, no recursive tax.
- // 03Does not decrease over time
The current rate is 4%, set below the 5% audited maximum. The owner cannot raise it above that audited cap; the protocol does not auto-reduce it.
- // 04Is not a buyback or burn
No source funds buybacks. No burn mechanism exists in the current design.
How operator rewards are funded
// 8.4 · bootstrap to steady state · 24-month window
Streamed per-second to online nodes by stake x tier. In steady state, an 85% share of ParalleliX AI usage payments funds rewards. The live released figure is on-chain via Sablier.
Subsidised by the 25% allocation
Operators paid from the 25% Operator Rewards bucket, released linearly over 24 months from launch. The committed stream rate is fixed by the Sablier slice, so per-node accrual scales with the active node set, not with task volume.
- Operator source
- 25% Operator Rewards bucket
- Monthly release
- ~1,041,666 $PRLX per month
- Hard end
- Month 24 from launch
Funded by ParalleliX AI usage
Once ParalleliX AI usage is sufficient, operators are paid from a share of AI usage payments. The transition is driven by usage volume, not by a calendar date. The steady-state split is 85% to operators (uptime-weighted pool), 10% treasury, and 5% infra, settled in $PRLX.
- Operator source
- Share of ParalleliX AI usage payments
- Split
- 85 operators / 10 treasury / 5 infra
- Trigger
- Usage volume, not a calendar date
The steady-state revenue path must be working well before month 24, when the bootstrap bucket is exhausted.
Bootstrap ends
Month 24
Monthly release
1,041,666 $PRLX
Steady-state split
85 / 10 / 5
Caveat·Bootstrap subsidy hard end
Staking
// 8.5 · operator stake · 50,000 $PRLX floor per node · no slashing
// Key claim
Stake is operator collateral, not a yield product. It is never slashed.
// Stake parameterslive at launch
- // Stake floor50,000 $PRLX
Minimum per node, variable above it. One stake = one node, no top-up; unlimited nodes per wallet.
- // Cooldown7 days
Between requestUnstake and withdrawStake. The node is retired; the principal is untouched.
- // SlashingNone
No slash function, no slasher role. The full principal is always returned on unstake.
Holding $PRLX in a wallet is not staking. NodeRegistryLocker is permissionless: anyone calls registerNode with at least 50,000 $PRLX to mint a node. Earning still requires a real online machine, not the act of staking. The full lifecycle, from register to withdraw, is in the Staking subsection.
Reward and AI credit formulas
// 8.6 · 8.7 · subsections carry tables and worked examples
weight_i = stake_i × tier_mult_i ; earned_i grows at rewardRate × (weight_i / Σ weight_j) while onlinePer-second on-chain stream to online nodes. earned(nodeId) grows every block; claim(nodeId) anytime to wei precision. No merkle drop, no daily settle.
message_cost = model_rate × tokens_processedOpen-source models, each reply with a verified Proof-of-Execution. On-chain credit vault; project-GPU fallback.
Full tables and worked examples are in §8.6 (reward) and §8.7 (ParalleliX AI credits).
Contract ownership
// 8.8 · maintenance key · narrow scope · renouncement planned
The $PRLX contract retains its owner key. The reason is operational: the FoT classifier needs an updatable router-and-pair allowlist, and protocol-internal flows (NodeRegistryLocker, the ParalleliX AI deposit address) must be exemptable. The owner key is a maintenance key, not a custody key.
- Add and remove DEX pairs and routers in the FoT classification allowlist.
- Add and remove exempt addresses (NodeRegistryLocker, treasury contracts, audited protocol contracts, the ParalleliX AI deposit address).
- Update the single tax-destination wallet. The 1-2-1 Dev / Ops / Marketing split is allocated off-chain after collection.
- Pause transfers during a confirmed exploit. Rate-limited and event-logged.
- Mint new tokens. No `mint` function exists. Supply fixed at 100,000,000.
- Change the tax rate above the audited maximum (5% aggregate). Current rate is 4%, allocated 1/2/1 off-chain.
- Move tokens out of any wallet that is not the owner's own.
- Burn balances belonging to other addresses.
- Insert governance, voting, or proposal logic.
Note·Four conditions for renouncement
- 1.NodeRegistryLocker has been live and stable for at least one full reward epoch.
- 2.All major DEX integrations (V2 launch venues, V3 once FoT support ships, relevant CEX flows) are registered and stable.
- 3.The ParalleliX AI settlement path is audited and stable.
- 4.The protocol has stopped requiring new admin surface area.
What $PRLX is not
// 8.9 · seven negations · load-bearing
// Honesty
The negative list is as important as the utility list.
// Negation ledger · 7 entries · at launch
- // 01No governance
No voting, no DAO, no proposal system, no protocol parameter control via token holders.
- // 02No token-holder staking
Holding $PRLX in a wallet does not stake. The only stake is operator collateral.
- // 03No yield from holding
$PRLX held in a wallet generates no yield, dividends, fee share, or revenue distribution.
- // 04No buyback
No source funds buybacks.
- // 05No burn
No burn mechanism in the current design.
- // 06No mint
Contract has no `mint` function. Verified at audit.
- // 07Not a security
Not an investment, not a security, not an offer of profit participation.
// Where to go next · reading path
- // 01
Threat model
The economic enforcement context: how reward weight, not slashing, disciplines misbehaviour.
- // 02
Scale model
Detection cost profiles at cohort scale. How validator redundancy and O(n²) costs are bounded.
- // 03
Hard questions
The launch scope, the steady-state transition window, and the month-24 bootstrap deadline.