토큰 사양 / Token Specification

2.1 Technical Specification

LIFE Token is an ERC-20 token deployed on BNB Smart Chain (chainId 56, testnet 97). The total supply is 1 billion LIFE, with 18 decimal places. BNB Smart Chain was chosen because its low gas costs and fast finality are well-suited to the high-frequency, micro-transaction nature of the agent economy.

The contract is deployed using the EIP-1967 UUPS proxy pattern, enabling upgradability. Upgrades require a multisig (3/5) signature and a 48-hour timelock, providing built-in protection against malicious upgrades. Access control is managed on a role-based basis using OpenZeppelin AccessControl. LIFE Token follows a fixed-supply (1 billion) model: all tokens are minted at initialize time, after which the mintingFinalized flag is permanently set, making additional minting impossible. Roles are limited to three: burning (BURN_ROLE) is assigned exclusively to BurnController, tax collection (TAX_ROLE) exclusively to TaxCollector, and treasury management (TREASURY_ROLE) exclusively to the treasury address. Proxy upgrade authority is governed by DEFAULT_ADMIN_ROLE (multisig 3/5).

The build uses Foundry (Solidity 0.8.24, via_ir=true) and OpenZeppelin v5.6.1.

Source: contracts/src/token/LIFEToken.sol, src/types/blockchain-config.ts

2.2 Token Distribution

1 billion LIFE is distributed across 5 pools. The guiding principle behind the allocation ratios is to prioritize the project’s social mission over economic incentives.

The largest allocation — 30% (300M LIFE) — goes to the Impact Fund. The reason this is the largest pool is clear: the core mission of the LIFE project is “We gave agents citizenship,” and AI accessibility for marginalized communities is the very reason for the token’s existence. The Impact Fund’s 30% allocation is hardcoded in the smart contract and cannot be changed even by a governance vote.

Dev Rewards (25%, 250M LIFE) are used for developer compensation and ecosystem incentives, providing a sustainable funding source for ongoing open-source development. Ecosystem (20%, 200M LIFE) is used to activate the ecosystem through staking rewards, quest rewards, and airdrops. Team (15%, 150M LIFE) is linearly vested over 48 months following a 12-month cliff, ensuring the team’s long-term commitment. Treasury (10%, 100M LIFE) is used for treasury operations and disbursed through governance votes.

Source: src/types/macro-economics.ts (TOKEN_DISTRIBUTION), src/types/blockchain-config.ts

2.3 Vesting Schedule

Immediate large-scale token circulation harms price stability. LIFE applies a separate vesting schedule to each pool to control token supply.

The Impact Fund is released linearly over 10 years (120 months) at 2.5M LIFE per month. Since support for marginalized communities is a long-term commitment, not a short-term event, this pool has the longest emission period. Dev Rewards are released over 5 years (60 months) at approximately 4.17M LIFE per month. The Ecosystem pool has an initial unlock of 50M LIFE for early ecosystem activation, followed by 3M LIFE per month with a 15% annual decrease in emission. This declining schedule is designed to incentivize participation with high early rewards while suppressing token inflation over time. The Team pool is released over 48 months at approximately 3.13M LIFE per month following a 12-month cliff. The Treasury has no fixed emission schedule, as disbursements are executed through governance votes.

Source: src/types/macro-economics.ts (TOKEN_EMISSION)

2.4 Burn Mechanisms

Six burn sources are designed to continuously reduce the token supply. Burned tokens are irrecoverable and permanently deducted from the total supply.

First, 50% of luxury tax revenue is burned. In the Maturity phase, this ratio increases to 75%, meaning deflationary pressure intensifies as the economy matures. Second, 30% of gambling tax revenue is burned. Third, 100% of platform fees are burned — but only when the total supply (totalSupply) exceeds 600M LIFE. This conditional burn is a mechanism that naturally caps circulating supply. Fourth, the full principal of non-performing loans is burned, preventing moral hazard in the lending system. Fifth, rewards unclaimed for more than 90 days are burned in their entirety. Sixth, during the Saturation phase, 10% of quarterly treasury surplus is bought back and burned.

This multi-layered burn mechanism is designed so that burn pressure adjusts automatically with the stage of economic growth. Early on, low burn rates preserve liquidity; in maturity, high burn rates support token value.

Source: src/types/macro-economics.ts (BURN_SOURCES), src/types/blockchain-config.ts

2.5 Circulating Supply Projection

The initial circulating supply starts at 50M LIFE — the immediate unlock from the Ecosystem pool. Thereafter, circulating supply is determined by the balance of monthly emissions and burns.

Under the conservative scenario (low burn, normal emissions), approximately 170M LIFE is expected to be in circulation after 12 months and approximately 400M LIFE after 36 months. Under the base scenario (moderate burn rate), approximately 150M LIFE after 12 months and approximately 350M LIFE after 36 months. Under the aggressive scenario (high burn, platform fee 100% burn active), projections are approximately 130M LIFE after 12 months and approximately 280M LIFE after 36 months.

The emission schedule is fixed in code, but the burn rate varies with the level of economic activity. The more active trading is, the higher the transfer tax and luxury tax revenue, and the greater the corresponding burn volume — a self-regulating structure in which deflationary pressure intensifies naturally.