Drafted with AI, reviewed by the 9Chain team.
Part 7 of 9 · 9Chain in Nine Parts
This is the post where it is easiest to say too much. So it quotes the documentation, labels every number, and stops where the sources stop. Every economic figure below is one proposal from the founding team, put forward at the start for the community to discuss and vote on.
What LOVE9 is
LOVE9 is the native coin of the 9Chain network, the project’s public Layer 1. In the words of 9chain.org, it is “used purely as utility — gas, validator bonding and governance weight.”
The documentation separates three layers of token and asks that they never be mixed:
- Infrastructure: LOVE9, used for staking and governance, and distributed from the reserve.
- Fuel: the nominal gas token of each sovereign chain, non-transferable, used to account for anti-abuse quotas.
- Assets: tokens created by issuers (real-world assets, stablecoins, products), moving through a compliance gate.
LOVE9 is fully separate from the fuel tokens of sovereign chains, and it is never a condition for a sovereign chain to operate. As 9chain.org puts it: “The platform itself is not a token or a financial product; owning or trading Love9 is not the point of 9Chain.”
What the project does not do
- Nothing here is an offer. The documentation labels its economic figures as “not a commitment, not an offer for sale, not investment advice.”
- It states no price and no date. From 9chain.org: “Nothing on this page states a price for Love9, a return from holding it, or when it becomes available.”
- It does not decide alone. “Decisions about Love9 belong to community governance, not to the founding team alone.” On-chain governance is not open yet, and the vote that chooses the official network has not opened either.
Test-network coins have no value
Both public networks today are test networks. From 9chain.org: “Balances carry no value, chain state can be reset, and a network can be re-created from a new genesis without carrying balances over.” Nothing on them is an offer to buy or sell anything.
Faucet coins are test coins. Test network balances do not carry over to the mainnet. The advice on the site is plain: “Build to learn the platform, not to hold anything of value.”
One proposal from the founding team
What follows is one of the proposals the founding team put forward at the start. It is a starting point for discussion, not a decision. The documentation labels every figure PROPOSED, with no exception: anyone can challenge any line, other proposals can be made, and the community decides by vote. A genesis turns a proposal into a starting record, not into permanent law.
Proposed total supply: 9,000,000,000 LOVE9. The docs call this a nominal cap, “not the number that will circulate.”
| Category (proposed) | Share (proposed) | LOVE9 (proposed) | Form, as the docs describe it |
|---|---|---|---|
| Team | 9% | 810,000,000 | locked four years (see “What the chain does not enforce”) |
| Private sale | 9% | 810,000,000 | locked two years (same caveat); legal review not yet passed |
| Platform | 12% | 1,080,000,000 | liquidity; holds the stake of the genesis validators |
| Community | 30% | 2,700,000,000 | a small part in the test faucet, the rest locked two years |
| Signer rewards | 40% | 3,600,000,000 | not issued at genesis; minted gradually over time |
This table is the founding team’s initial proposal, and every line of it is proposed, for the community to vote on. It replaces an earlier draft, so older snapshots circulating elsewhere are out of date. To challenge a line or put forward a different allocation, use Governance → Proposals.
Reserve, unlock rhythm and fee paths (all proposed)
- Issued at genesis: six tenths of the total supply. The other four tenths sit in a gradual minting fund and leave it only when someone signs blocks.
- Unlock rhythm: 0.09% of the not-yet-unlocked balance per day. The base is the reserve’s remaining balance, not the total supply. Half-life: about 770 days; the flow declines but never reaches zero.
- Fee split: 9% back to the reserve, 9% burned, 82% to signers. The docs call this “a commitment with a gate, not money already flowing”: the network runs without fees, so there is nothing to split. Fees may be turned on only after the 9% mechanism is on chain.
- The reserve cannot open until a claim mechanism has passed a vote.
What the chain does not enforce
The word “locked” in the table is a declared intention, not a rule the chain enforces. The genesis text itself says so, in the on-chain pool_allocation record: “no vesting account, lock or protocol rule holds them, and none can be added to this genesis after block 1. The locks are to be implemented as smart contracts after launch.”
The docs add two consequences:
- No module performs the 0.09% daily unlock at this genesis; it needs an upgrade that governance must enable.
- The Platform line receives the remainder: it is lower than its nominal share by exactly the operating capital advanced at genesis.
On the Private sale line of this proposal, the docs are direct: it would be the only line with fiat money flowing in, and a legal review of it is a mandatory gate that has not been passed. Nothing is open, and nothing in this post is an invitation to buy.
Two branches, one cap
From 9chain.org: both test networks cap the nominal supply at the same figure, and each branch issues and distributes it its own way. A1 issues part at genesis and the rest over time as staking rewards; C1 issues the whole supply at its first block, held in pools. The order is alphabetical and carries no ranking. What a mainnet genesis would carry is not decided, and “a later vote cannot change what a genesis block already carries.”
Check it yourself
The docs say the way to check the table is not to trust it, but to open the genesis file of the running network and count. Read the latest version: Kinh tế LOVE9, Bảng phân bổ, Kho, nhịp mở và đường phí, Từ điển thuật ngữ.
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