• buying Bitcoin in 2009
• becoming a blogger in 2012
• starting to use AI in 2022
COST MONETARY POLICY
COST is the native utility and gas token of the LoLand ecosystem.
Unlike fixed-supply tokens, COST has no predetermined maximum supply. The initial 184,000,000 COST are created at Genesis and distributed according to the Initial Token Allocation below.
After Genesis, new COST cannot be issued arbitrarily. New tokens are created according to protocol-defined emission rules to reward the participants who secure and operate the network.
Every on-chain action requires COST. A portion of network fees is permanently burned, creating a counterbalance to new issuance. As network activity grows, more COST is used — and more can be removed from circulation.
COST monetary policy is therefore based on two forces: protocol issuance and network burn.