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Policies and bounds ​

The settings the team uses to steer supply and pace, each with its range and launch value.

Each setting at launch, inside its hard bounds
  • Licenses per License auction11001,000
  • Printers per Printer auction13003,000
  • Emission multiplier0.2x1.0x2.5x
  • License auction floor0.5 ETH1 ETH2 ETH
  • Printer auction floor15 days30 days60 days
  • Multiplier step up0.050.10.15
  • Multiplier step down0.050.150.2
  • Buy and sell tax0%3% / 6%10%
  • At launch
  • Launch range of the multiplier
Each setting changes behind the 48-hour timelock, at most once every 7 epochs.

The policies ​

PolicyRangeAt launch
Licenses per License auction1 to 1,000100
Printers per Printer auction1 to 3,000300
Fractional Licenses per License auction1 to unlimited1,000
Fractional Printers per Printer auction1 to unlimited3,000
Emission multiplier0.2x to 2.5x1.0x, inside 0.2x to 1.25x

Other settings, inside hard bounds ​

SettingBoundsAt launch
License auction floor0.5 to 2 ETH1 ETH
Printer auction floor15 to 60 days of one Printer's emission30 days
Multiplier stepsUp 0.05 to 0.15, down 0.05 to 0.20+0.10 / -0.15
Buy and sell taxUp to 10% each3% buy, 6% sell

Base emission is fixed

The base emission of 200,000 UNITED a day is not a setting. The team can neither raise nor lower it, and its 12.5% yearly cut is automatic.