Community Designed Decentralized Governance is the controlling feature of the PIVX DAO. A system of proposals is submitted to the network to be voted on by the 2nd layer masternodes, to determine if the proposal should be funded.
With minimal to no hardware costs and the ability for anyone to participate in securing the PIVX network, the global inclusiveness potential is nearly unlimited.
Launched in 2016 with no instamine or secret development mine, PIVX is a true fair-launch coin.
The PIVX coin supply ecosystem ebbs and flows with transaction volume, based on emission rate and fee burning.
PIVX has a fixed emission rate of 5 PIV per block (divided between stakers and masternodes).
Transaction fees spent on each transaction are burned from the supply; creating a deflationary effect with increased transactions and use.
PIVX has a tail emission, with a current annual inflation rate around 4% (as of January 2021) that decays to 0%.
Avg Transaction Fee
Max Annual Inflation
PIVX utilizes a tail emission as the block rewards are incentives for network participants to continue hosting and securing a healthy network without passing costs on to users in the form of high fees. With PIVX's static emission rate, it has a current corresponding annual inflation rate of around 4% as of January 2021, and will effectively decay towards 0%
With no coins lost or burnt, it will take approximately 20 years to double the total supply of PIV today. However, with PIVX's built-in deflation mechanism, it is more likely to take more than 20 years, if ever double the current supply.
PIVX creates a new block every 60 seconds. Each of these blocks create 5 new PIV, and allocates 1 new PIV for any treasury proposals:
2 PIV per block is created and paid to the staker that wrote the block.
3 PIV per block is created and paid to the next masternode in the payment queue.
1 PIV per block is allocated to the Treasury Budget and [may be] created with the Super Block and paid to a funded proposal.
Users of PIV pay a small transaction fee per transaction. All transaction fees are burned removing coins from total supply, resulting in a deflationary aspect to the supply.
While it is impossible to ascertain what future adoption/use of PIVX looks like, we modeled 4 scenarios network use, and plotted the corresponding effect of that use on the total supply.
PIVX has consistently had some of the lowest transaction fees in the industry (typical sends “cost” the sender < 0.003 PIV (< $0.01) per transaction. Remember, these fees are burnt from the total coin supply, thus reducing inflation assisting in stabilizing the coin value.
PIVX transactions are incredibly fast. Watch payments remit in < 1 second, with full ability to spend/use those funds after 6 confirmations (~ 6 minutes).