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// Section 8.8 · Token

Contract Ownership: Retained, by Design

3 min8.8Token
// 8 of 9 · token mechanics

Contract ownership. Retained, by design.

// 8.8 · maintenance key · narrow scope · renouncement planned

A renounced contract is a frozen contract. ParalleliX is not a frozen system yet.

Why retention is necessary

// five operational needs · all updatable surfaces

  • 1

    DEX PAIR ALLOWLIST

    Every new DEX pair (V2 alternates, V3 once FoT-supporting, Sushi, Curve-style, CEX router hot-wallets) must be registerable for the tax classifier to handle it. A static allowlist breaks the moment a new liquidity venue lists $PRLX.

  • 2

    NODEREGISTRYLOCKER EXEMPTION

    NodeRegistryLocker must be exempt from the tax. Otherwise operators pay 4% to lock stake and 4% to withdraw it, and reward claims are taxed too, making node staking economically infeasible.

  • 3

    PROTOCOL-INTERNAL FLOWS

    The ParalleliX AI deposit address and reward-settlement flows must be exempt for the same reason. Credit deposits and operator payouts cannot also pay 4% tax on every internal flow.

  • 4

    TAX-WALLET ROTATION

    The contract sends tax to a single taxWallet (the 1/2/1 Dev/Ops/Marketing split is allocated off-chain). If that wallet is ever compromised, the tax stream must be redirectable to a clean multisig.

  • 5

    EXPLOIT PAUSE

    In the event of a confirmed exploit, a transfer pause limits the blast radius before the team coordinates a fix.

Owner scope

// narrow admin surface · bytecode-enforced boundaries

// OWNER CAN · NARROW ADMIN SURFACE
  • 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.
// OWNER CANNOT · BYTECODE-ENFORCED
  • 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.

Path to renouncement

// four trigger conditions · single on-chain transaction

Renouncement is planned, not ruled out. The trigger conditions are explicit.

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.

When those conditions are met, ownership is renounced in a single on-chain transaction and the event publishes simultaneously to this document, to tokenomics.md, and to the docs.

It is a maintenance key, not a custody key. It will be renounced when the maintenance work is done.