Live public build — real infrastructure, real numbers, real upgrades in motion. Desktop is the reference experience during this phase.

PXN Monetary Policy & Supply

Fixed cap at 1,000,000,000 PXN, minted once. No surprise inflation, no hidden mint switches.

This page explains how PXN is created, how supply is managed, and how the initial pre-offer works.

1B PXN — fixed cap, single genesis mint

Fixed 1,000,000,000 PXN cap

  • Total PXN supply is hard-capped at 1,000,000,000 PXN.
  • There is no mechanism in the protocol to increase this cap.
  • All public communication must treat this 1B cap as final.

Single genesis mint

  • The full 1B PXN are created once in a genesis mint phase.
  • After genesis, the mint opcode for PXN is effectively shut off.
  • From that point, PXN can only move by transfers between vaults.
Important: PXN behaves like a capped native asset on an execution rail, not like a bank balance that can be expanded at will.

Pre-offer pool: 20–25M PXN (inside the 1B cap)

Inside the cap, not extra supply

  • The pre-offer allocation is a working band of 20–25 million PXN.
  • It is part of the 1B cap, not a separate or additional pool.
  • The final figure will be fixed within that 20–25M band.

What can be used to buy PXN in pre-offer

  • Fiat (via regulated banking / payment partners).
  • Admitted stablecoins (e.g. USDT, later USDC / EURT, via partners).
  • High-liquidity crypto (BTC, ETH, etc.) via controlled conversion rails.

What is not allowed as payment in pre-offer

INV, VBC and other IW-native scarce assets are not used as consideration for PXN pre-offer:

  • They are treated as separate, RWA-style assets.
  • They are not “spent” to buy PXN from the treasury.
  • Any INV/PXN or VBC/PXN trading belongs to secondary markets, not treasury sales.

How the pre-offer allocates PXN

  1. The system validates the incoming payment (fiat, stable, or approved crypto).
  2. A corresponding amount of PXN is transferred from the system’s treasury vault to the buyer’s PXN vault.
  3. No new PXN is minted in this process; it is pure distribution of existing supply.
The intent is that the PXN pre-offer always brings new external value into the system, while PXN supply remains bounded by the 1B cap.

Treasury vs circulating supply

Two main buckets

  • Treasury / system-controlled PXN
    PXN that still sits in system vaults and is used for: institutional onboarding, liquidity programmes, incentives, and other strategic allocations.
  • Circulating PXN
    PXN held by users, partners, institutions and other non-system vaults.

How this appears in stats

  • Total minted PXN: always exactly 1,000,000,000.
  • Treasury balance: PXN still held by the system.
  • Circulating supply: total minted minus treasury balance.

Live supply breakdown will be derived directly from the core ledger, not from manual spreadsheets.

What PXN is — and what it is not

PXN is designed as

  • A native asset on a high-speed settlement rail.
  • A unit of account that often uses a reference of 1 PXN ≈ 1 USD for pricing.
  • A way to settle multi-asset, multi-rail flows across wallets, banks and partners.

PXN is not

  • Not a bank deposit or savings product.
  • Not a fiat-pegged, redeemable stablecoin with a fixed 1:1 redemption promise.
  • Not a security or investment product by default; classification depends on local law and user context.

Nothing on this page is investment advice. It describes protocol behaviour and supply mechanics only.

Where to see live numbers

Today, Numbers & reality focuses on live throughput and benchmark performance. As the system opens to external users, that page will also link to live supply and circulation stats derived from the PXN ledger.