BezantThe rule
When a person completes verification and joins the network, the protocol mints a fixed number of bezants into its treasury. The number is the world’s economic output per person: world GDP divided by world population, as published by the IMF in the April edition of the World Economic Outlook. For 2026 that is $126.3 trillion of output and about 8.2 billion people, or $15,386 per person, so a registration in 2026 mints 15,386 bezants. The figure is fixed for the year and refreshed each April from the same public source.
| Verified participants | Bezants minted (2026 rate) |
|---|---|
| 1 | 15,386 |
| 1,000 | 15.4 million |
| 1 million | 15.4 billion |
| 65 million | 1 trillion |
Nothing else creates bezants. There is no block reward that can be raised, no founder allocation that can be unlocked, no board that can vote an issue. The rule is public and every node checks it, so “what stops you from printing more?” has a one-line answer: the same thing that stops anyone else.
Why per person
A money supply should follow the economy it serves. The simplest public measure of the world economy is its output, and the simplest way to tie a supply to people rather than to capital is to mint the same amount for each of them. Output per person is exactly that number: what an average human produces in a year, in the world’s books, not ours.
The rule can only work if a person can register once. That is why identity in the network is external and verified: sign-in and signing go through W3ID, which is linked to a government electronic identity. One person is one registration, one node and one emission event. A thousand accounts cannot be farmed, and the same property protects the network itself: nobody captures it by buying a thousand servers, because servers do not vote, people do.
Where the new bezants go
Minted bezants land in the treasury. The treasury is an address in the protocol’s state that has no private key. No signature can be produced on its behalf, by us or by anyone, so nothing can be sent out of it by hand. It pays out only by rules that every node executes: the reward to the nodes that run the network, computed by formula, exactly as a block reward is. That is the treasury’s only job, and it is entirely automatic.
A share of each emission does not go to the treasury but to a development address. That share funds the building of the network, pays bounties and is what the issuer sells at the formula price. The split between the two is not yet fixed; it will be published in the white paper before the network launches. The development address is public, every payment from it is on the ledger, and it is an address rather than a company on purpose: today the key is held by Haydamax OÜ, and the role can be handed on without changing the protocol.
Why this is more logical than the alternatives
- A fixed cap (Bitcoin’s 21 million) makes supply independent of use. When more people arrive the same coins have to be split, which rewards holding over using. A settlement unit needs the opposite incentive.
- Discretionary issue (every national currency) puts the supply in a committee’s hands. The committee may be excellent; the point is that a world currency cannot ask its holders to trust one.
- Reserve-backed issue (stablecoins) mints one unit per unit deposited, which ties the supply to a custodian’s balance sheet and its solvency. The bezant has no custodian to be solvent.
- Issue per person ties the supply to the size of the community, uses a number nobody in the project can set, and needs no energy, no capital and no vault.
Version 1.0 and the bridge
The network is not running yet. What exists today is version 1.0: a fixed series of 5,000,000 BZT as a jetton on the TON network, with the right to mint more revoked on 13 September 2026, verifiable in any explorer. This series is the first sale. It is sold at the formula price, and at launch it migrates one to one into the network’s own coin by a snapshot of balances. The migrated amount is counted in the network’s initial state, so nothing is created twice. Proceeds pay for building the network and for the TON fees of the pre-sale period.
Open decisions
- The split of each emission between the treasury and the development address.
- The exact reward formula for nodes and the consensus rules; both will be published before launch.
- The per-person figure for 2027, which follows the IMF’s April 2027 edition automatically.
Sources: IMF World Economic Outlook, April 2026 (world GDP $126.3 trillion; GDP per capita $15,386 at current prices). The jetton: EQB0E6FedtnPxpc2Fy0KVgIgkgrmGm8IZ04LUXwduTIHuAiZ on TON mainnet.