Tokenomics

Before the Regenesis as ACU, MIX was funded by a 2000-day linear vesting smart contract [source] starting on 27th April 2017. The original documentation shows the issuance schedule.

At the 29th January 2024 hardspoon the total issuance of ACU was 85.2m, 4m being held by founder Jonathan Brown from the linear vesting. He will continue to use these funds to promote development and adoption of ACU.

ACU currently follows the DOT inflation model with a maximum annual inflation rate of 10%.

Unlike most other cryptocurrencies, ACU has an anti-debasement strategy. For example, it has been estimated that centralized exchanges had expanded the tradable supply of Bitcoin by 100 million BTC during the last bull run. This has a long term downward pressure on the trading price and is likely one of the major reasons for the crypto bull/bear cycle.

Once the centralized exchanges go bust at the bottom of the market the tradable supply is reduced dramatically, enabling the price to slowly start to increase and the cycle repeats itself.

The Acuity community will use non-violent methods to ensure that ACU is not traded on exchanges that can debase. This is one of the primary reasons why the Acuity DEX is being built.

ACU is used to pay for transactions on the Acuity DEX blockchain. Primarily to publish sell orders (these are extremely cheap), but also for balance transfers, to publish a list of trusted accounts and to participate in governance.

Note that the goal of the Acuity DEX is not to make the value of ACU trade higher. The goal is to provide fully permissionless, non-custodial, autonomous cross-chain trading.

How to buy

In order to hold ACU, you need to create install the Polkadot browser extension and create an account on the Acuity blockchain.

Until the DEX is up and running and has sufficient liquidity ACU can be purchased directly from Acuity founder Jonathan Brown. This helps fund development. Email purchase@acuity.social.