One token. Three jobs.
COCKROACH pays for every transaction, secures the chain through staking and carries the vote on every change to the protocol.
What COCKROACH does.
Gas
Every transfer, swap and contract call is paid in COCKROACH. Half of every fee is burned.
Staking
Staked COCKROACH chooses who produces blocks and earns protocol rewards for securing the chain.
Governance
One staked token, one vote, on rewards, fees, burn share, upgrades and the treasury.
Genesis allocation.
| Allocation | Share | COCKROACH | Vesting |
|---|---|---|---|
| Ecosystem & community | 25% | 2,500,000 | Linear over 4 years |
| Team | 15% | 1,500,000 | 1-year cliff, then 3 years monthly |
| Treasury | 15% | 1,500,000 | Spent only by governance vote |
| Private sale | 10% | 1,000,000 | 6-month cliff, then 18 months |
| Validator bootstrap | 10% | 1,000,000 | Delegated to genesis validators |
| Airdrop & marketing | 10% | 1,000,000 | Released per campaign |
| Public sale | 5% | 500,000 | Unlocked at listing, $10.00 |
| Exchange liquidity | 5% | 500,000 | Paired at listing |
| Market maker | 5% | 500,000 | Per contract |
Emission meets burn.
New COCKROACH is minted only as staking rewards, at a rate that steps down every year. Burns remove tokens on every block. When daily burns exceed daily rewards, supply shrinks.
Projection assumes 60% of supply staked and excludes burns.
| Year | Reward / month | Supply at year end |
|---|---|---|
| Genesis | — | 10.00M |
| 1 | 2.0% | 11.44M |
| 2 | 1.9% | 13.01M |
| 3 | 1.8% | 14.69M |
| 4 | 1.7% | 16.49M |
| 5 | 1.6% | 18.39M |
| 16 onward | 0.5% floor | — |
Three ways supply leaves for good.
Fee burn
50% of each block's gas fees is destroyed before rewards are paid. Governance sets the share from 0% to 100%.
Burn address
Tokens sent to the protocol burn address are destroyed in the same block, with a public on-chain total.
Slashing & vetoes
Stake slashed from misbehaving validators and deposits on vetoed proposals are burned.
Public sale at $10.00.
Details, eligibility and dates are announced with mainnet. Coming soon
This page describes protocol design and is not an offer to sell or a solicitation to buy any token. COCKROACH gives no ownership, dividend or profit right. Participation will require identity verification (KYC/AML) and is not available to US persons, sanctioned countries or other restricted jurisdictions. Token values can fall as well as rise, including to zero. Read the Public sale terms and Risk disclosure.