Economy

Tokenomics

PINE is the unit of bonding, curation, governance, and emissions in the protocol. Supply is capped; distribution favors contributors.

At a glance

Total supply

1,000,000,000

Initial circulating

142,000,000

Halving period

2 years

Network

Base · ERC-20

Supply schedule

Total supply is capped at 1,000,000,000 PINE. Of the total, 50% is emitted to contributors and curators over a 10-year mining schedule with halvings every two years. The remaining 50% is allocated to the treasury, core team, early ecosystem, public sale, and foundation reserve — all subject to vesting (see below).

Allocation

Mining rewards50%
Community treasury18%
Core contributors14%
Early ecosystem8%
Public sale6%
Foundation reserve4%

Utility

Bonding. Every new seed requires a small PINE bond (currently 5).
Curation. Stake PINE on seeds to signal quality; earn a share of recall fees.
Governance. One PINE = one quadratic vote in protocol governance (Q3 2026).
Slashing collateral. Bad curation or fraudulent seeds burn locked stake.
Mining emissions. Earned by contributors and curators in proportion to recall-weighted quality.

iRecall is paid in USDC — not PINE

Queriers pay in USDC via x402. This keeps recall pricing stable and accessible to anyone — they don't need to hold the native token to use the protocol. PINE accrues value through fee capture (treasury), demand from staking and bonding, and limited supply.

Emissions

500,000,000 PINE (50% of supply) emitted over 10 years with halvings every 2 years:

Years	Emission / year	Cumulative
1–2	125,000,000	250,000,000
3–4	62,500,000	375,000,000
5–6	31,250,000	437,500,000
7–8	15,625,000	453,125,000
9–10	7,812,500	460,937,500
11+	tail emission (1% / year of remaining)	—

Fee routing

Every recall fee in USDC routes as:

70% to the contributor(s) of the recalled seed(s)
20% to curators staked on those seeds, pro-rata
10% to the protocol treasury (governance-allocated)

If multiple seeds are returned in a single recall, the fee splits across them weighted by relevance score.

Halving

Halvings occur at epoch % 104 == 0 (every 104 weeks = 2 years). The next halving is on-chain visible via PinecodeRewards.nextHalvingEpoch().

Vesting

Allocation	Cliff	Linear vest
Core contributors	12 months	36 months
Early ecosystem	6 months	24 months
Public sale	0	0 (fully liquid)
Foundation reserve	12 months	48 months
Community treasury	0 (governance-controlled)	—

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