What is $N
by blurr.eth
from fire and ice $N emerges as the BTC on ETH...
Fire and Ice
Some say the world will end in fire, Some say in ice. From what I’ve tasted of desire I hold with those who favor fire. But if it had to perish twice, I think I know enough of hate To say that for destruction ice Is also great And would suffice.
— Robert Frost, “Fire and Ice.” The theme lives on-chain in the contract.
The following is a simple contract for a token, “N”, with a bound supply curve.
Every block a new token is made available for minting.
Every 4 years a “doubling” occurs, wherein the number of blocks passed required to mint a new token doubles.
Following this schedule, in roughly 92 years it will take 4 years to mint a single token, at which point the supply will be roughly ~21,000,000.
The supply is technically uncapped, but after 92 years no more than a handful of tokens could ever be minted before the heat death of the universe.
Alea iacta est.
Core principles
Long-term scarcity. Fair distribution. Immutability.
Long-term scarcity
A bound supply curve trending toward ~21,000,000 over ~92 years — halving-style “doublings” every 4 years.
Fair distribution
A new token becomes mintable every block. No presale advantage — the schedule is the same for everyone.
Immutability
The rules live in the smart contract on Ethereum. The chain is the source of truth; nobody can change the curve.
Contract
0xE73d53e3a982ab2750A0b76F9012e18B256Cc243From fire and ice, $N emerges as the BTC on ETH.
This is and will remain a blurr.eth website. The community is here to support it along the life of this project, or until blurr.eth reveals or asks the community to turn silent.