Token
The ticker is named for the Exact Inference Profile, the kernel standard the whole network stands on. $XIP is a work token: it exists to price verified compute. Work-reward issuance moves only against settled work; treasury and contributor allocations are separately locked and disclosed.
The Mechanism
The dominant failure mode of DePIN token design is paying for presence instead of work. Mantissa removes it structurally: there is no emissions faucet, and mining without verified demand mints nothing.
When a customer pays in $XIP, the job payment is burned at settlement. Up to 98% of equivalent value may be reissued from work authority; 2% is permanently retired. Any fiat or stable- asset path requires a separately approved conversion policy.
Work rewards are issued only against valid settled jobs. The provisional job-value split is 91% executor, 4% audit and dispute reserve, 3% treasury, and 2% permanent burn, subject to measured per-tier calibration before launch.
Operators bond stake to accept jobs, and throughput caps scale with stake so in-flight exposure cannot outrun collateral. Audit and referee work is paid from the job's common value pool, not from a separate emissions faucet.
Idle hardware earns nothing. Executors, independently assigned auditors, and referees are paid only for useful receipt-backed work, and one operator cannot earn both sides of the same job through linked identities.
The Security Economics
Before launch, every service tier must be calibrated so that
stake × P(detection) > gain from dishonesty
holds at every reputation level. A node's in-flight work will be
capped in proportion to its stake, so exposure can never outrun
collateral.
Reputation can buy priority and lower audit rates only within measured safe bounds, never security. Referee-confirmed dishonesty enters the full-stake penalty path. Isolated single mismatches are rejected and flagged without slashing, absorbing consumer-hardware data corruption; patterns slash.
No useful work, no mint. Hardware presence alone earns nothing; rewards begin only after paid work survives settlement.
Current Economic Plan
The canonical plan now defines supply accounting, allocations, vesting, and job-value flow. Actual issuance, distribution, and transferability remain subject to legal, economic, contract, and operational gates.
The Full Design
The whitepaper covers the burn-and-mint loop, the security invariant, and the honest unit economics, including the numbers that favor centralized providers.