ASX Token Overview
Last updated March 20, 2026 · Estimated read time: 8 minutes
1.1 Introduction to ASX
ASX is the native token of the Asentum blockchain — a JavaScript-first Layer 1 with DPoS consensus and V8 Isolate smart contracts. ASX powers the network through gas fees, validator staking, governance voting, and ecosystem grants.
1.2 Core Utility
Gas: Every transaction and contract execution requires ASX for gas. Staking: Validators must stake minimum 10,000 ASX; delegators can stake any amount. Governance: ASX holders vote on protocol upgrades, parameter changes, and ecosystem fund allocation. Ecosystem: Grants, bounties, and developer incentives are paid in ASX.
1.3 Economic Model
Initial supply: 1,000,000,000 ASX. Annual inflation: 2% (distributed as validator block rewards). The inflation rate is governance-adjustable. As the network grows and transaction volume increases, base fee burns can exceed new token issuance — making ASX net deflationary.
1.4 Deflationary Mechanics
Asentum uses EIP-1559-style fee burning. The base fee for every transaction is burned (removed from circulation), while only the priority tip goes to validators. Under high network usage, more ASX is burned per block than created through inflation. This creates a supply ceiling that tightens with adoption.
1.5 Roadmap
Phase 1: Core chain, testnet, CLI tools. Phase 2: Smart contracts, standard library, playground. Phase 3: Browser IDE, template gallery, block explorer. Phase 4: Full DPoS elections, validator dashboard, Raspberry Pi setup. Phase 5: Bridges, DEX, wallet, SDK, grants program.