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Whitepaper / Distribution Mechanics (Pool-Proportional)

Distribution Mechanics (Pool-Proportional)

Phase variables, floor policy, effective pool, caps/vesting.

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3.1 Phase Variables

  • Pool size: Pₖ MEGY opened in phase k.
  • Recorded demand: USDₖ total USD during the phase.
  • Optional reference rate (UI only): r_targetₖ USD/MEGY.

3.2 Floor & Partial-Open Policy

  • Monotone floor: r_floorₖ ≥ max(r_realized₍ₖ₋₁₎, r_targetₖ)
  • Effective pool: P_effective = min(Pₖ, USDₖ / r_floorₖ)
  • Remainder (Pₖ − P_effective) rolls into the next phase if demand is below the floor.

3.3 User Allocation

allocᵢ = P_effective × (USDᵢ / USDₖ) (subject to per-wallet caps and vesting, if enabled).

3.4 Optional Caps & Vesting

  • Per-wallet cap to reduce concentration and sybil risks.
  • Linear vesting or cliffs to smooth post-phase token release.
Example

If Pₖ = 5B MEGY, USDₖ = 250,000, and r_floor = 0.00005 USD/MEGY, then P_effective = USDₖ / r_floor = 5B (full open). A user with USDᵢ = 1,000 receives 5,000,000,000 × (1,000 / 250,000) = 20,000,000 MEGY before vesting/caps.