🪙Galactica Network Inflation Function

In the Galactica Network, the purpose of inflation is to create and distribute value across the system. The network's coin, $GNET, experiences inflation, the distribution of which is decided by the Parliament. This Parliament is elected by all Citizens of the network.

In this context, inflation is used as a tool for funding research and development, public goods, venture projects, and developer incentives. The premise behind this system is simple: if the value created by inflation funding outweighs the dilution it produces, the Citizens of the network are generally better off.

One specific flow of the ecosystem's inflation is directed towards projects working on research topics proposed by the Academy of Science (AoS). More information about AOS can be found in the specific section of this FAQ.

In a broader sense, inflation in the Galactica Network is used as an alternative to taxes for funding public goods and research, thereby internalizing the value of innovation achieved through public goods funding across the network's Citizens through a meritocratically distributed Universal Basic Income (UBI). Furthermore, it provides a mechanism for making the parameters of the system subject to a direct diplomatic vote by the Citizens, enhancing the democratic nature of the network

Galactica’s native currency inflation follows Const.*x-n , a 36 year long release schedule, such that within 13 years (36% of the entire time period) 90% of the coins designated for inflation are released. After 4 years since the start 50% of coins specified for inflation are released.

The inflation is directed towards 4 things:

Inflation breakdown:

• Universal Basic Income (UBI) - 20%

• Validation - 40%

• Guardians - 15%

• Academy of Science (AOS) - 25%

This breakdown is subject to change by the Parliament.