Get Started with $ASX

Last updated March 20, 2026 · Estimated read time: 8 minutes

1.1 What is ASX?

ASX is the native token of the Asentum blockchain. It serves three core functions: paying gas fees for transactions and smart contract execution, staking to become a validator or delegator, and voting on governance proposals that shape the network's future.

1.2 Gas Fees (EIP-1559)

Asentum uses an EIP-1559-style fee mechanism. Every transaction has a dynamically-adjusted base fee (burned, creating deflationary pressure) and an optional priority fee (tip paid to the validator). The total cost is gasUsed × (baseFee + priorityFee).

Target: ~$0.001 per simple transfer. Gas costs are roughly 100x cheaper than Ethereum. The base fee rises when blocks are full and drops when they're empty — keeping fees predictable.

1.3 Staking and Validation

Stake a minimum of 10,000 ASX to register as a validator candidate. If elected by token holders during the 24-hour epoch cycle, you'll produce blocks and earn ~0.5 ASX per block plus transaction fee tips.

Don't want to run a node? Delegate your ASX to any validator and earn a share of their rewards. Validators set their own commission rate (typically 5-20%).

1.4 Governance Voting

ASX holders can vote on protocol upgrades, parameter changes (block size, gas limits, inflation rate), and ecosystem grants. Voting power is proportional to staked ASX. Governance proposals use the built-in @asentum/dao standard.

1.5 Token Supply

Initial supply: 1,000,000,000 (1 billion) ASX. Annual inflation: 2% (validator rewards). The base fee burn mechanism creates deflationary pressure — under high network usage, more ASX is burned than minted. Net supply can decrease over time.

1.6 How to Get ASX