A closed-loop token economy.
One billion CNST max supply. Three states. No inflationary leak. Active chain usage mechanically compresses circulating supply. Usage is deflationary by design, without burns or buybacks.
Token States
Free, Forged, Released.
Every CNST token exists in exactly one of three states at any moment. Movement between states is mechanical, not discretionary. The allocation buckets shown below all flow through these three states over time.
Free
Liquid, transferable, usable. Held in wallets, traded on CSwap, paid as gas.
Forged
Locked into a contract's Forge as fuel. Removed from circulating supply for as long as the contract is active.
Released
Flowing through Red Pool rewards back to participants. The reward channel from treasury to GPU operators.
Allocation
1,000,000,000 CNST.
| Bucket | CNST | % | Purpose |
|---|---|---|---|
| Red Pool Rewards | 400,000,000 | 40% | Ongoing emissions over 10 years at a decreasing rate |
| Bootstrap Mining | 200,000,000 | 20% | 6-month pre-launch distribution to early participants |
| Ecosystem & Contributors | 200,000,000 | 20% | Future hires, grants, builder allocations |
| Founder | 100,000,000 | 10% | Earned unlock. Same milestone mechanics as everyone. |
| Pre-Seed Investors | 50,000,000 | 5% | SAFT, milestone escrow |
| Public Launch Pool | 50,000,000 | 5% | Initial CSwap liquidity and price discovery |
The closed loop.
Every token entering a Forge is removed from circulation for as long as that contract remains active. As the chain grows and more contracts deploy, circulating supply mechanically decreases. This is not a burn gimmick. It is structural. The more useful the chain becomes, the scarcer the token gets.
Coexistence
How the four participant classes benefit each other.
The closed loop is not a metaphor. Every participant class on Construct generates value that other classes capture through automatic protocol flows. No class is parasitic. No class is required to interact with any other. The benefit is mechanical, not cooperative.
Three flows drive the mutual benefit.
Treasury
Every trade on CSwap pays a fee. Every fee feeds the treasury. The treasury funds Red Pool rewards. Traders directly fund miner and bot income every time they trade. Using the chain pays the participants who secure it.
Scarcity
Every project deployed by a builder locks CNST in a Forge. Every Forge burn from chain activity removes more from circulation. Active miners, bots, and traders all reduce circulating supply through use. Holders capture the resulting scarcity without doing anything.
Liquidity
Red Pool drain rewards distribute CNST back to participants. Those participants either trade on CSwap (deepening liquidity) or hold (compressing supply). Bootstrap mining adds further CNST during launch. Every reward stream terminates in CSwap or in holders.
Who pays whom.
Read across each row to see what that class contributes. Read down each column to see what that class receives.
| Contribution from | Benefits Miners | Benefits Bots | Benefits Traders | Benefits Holders |
|---|---|---|---|---|
| Miners | Bigger pools (flywheel) | Bigger pools (flywheel) | More CNST in circulation | More Forge burns from chain activity |
| Bots | Bigger pools (flywheel) | Bigger pools (flywheel) | Post-drain volatility, trading edges | Same scarcity push as miners |
| Traders | CSwap fees fund Red Pools | CSwap fees fund Red Pools | Deeper liquidity, better execution | Trading volume burns Forge fuel |
| Holders | Reduced supply improves drain reward value | Same | Scarcity strengthens trading inventory | Collective holding compounds supply compression |
Cooperation does not require coordination. The protocol enforces it through token flows.
Launch
Six-month bootstrap. No price during.
The first six months are a no-trading bootstrap. CNST has no market price during this period. This is intentional: it filters for participants who want to operate, not speculate. By the time public launch opens, the network has real GPU miners, real Degrader Scores, real contract deployments, and a real participant base.
Public launch pricing uses a transparent formula:
Price = Total Liquidity ÷ Circulating Supply
Visible in real time. No hidden OTC. No surprise unlocks.
Unlock Mechanics
Earned, not vested.
Founder and ecosystem tokens unlock against concrete shipping milestones, not against a calendar. Participant tokens unlock through sustained activity. There are no cliff-and-dump dynamics. The team cannot dump on a date because there is no date.