1/I don't exactly have the largest follower count, but here goes:

Announcing Public Domain Token!

etherscan.io/address/0xfabe…

TLDR - Public Domain Token ( $PDoT ) is an experimental ERC20 incorporating @OpenZeppelin libraries and modifications enabling unique minting logic.

Disclaimer - Originally shared via X.

Filmmaker, creative, and hobbyist coder.

Producer of GAMEMASTER:  https://www.youtube.com/watch?v=g3_0Z9gnDiA&t=16s



2/Historically, most TGEs follow the same playbook. 

The token originator has absolute control over the token’s supply mechanic (fixed supply, mintable via governance, etc) and its distribution method (mining, staking, airdrop, etc).

4/ $PDoT is an experimental attempt to find out.

It does so primarily by introducing a privileged class of addresses within the smart contract called Issuers.

Issuers are accounts that have the authority to mint or burn $PDoT tokens.

5/Any account can become an issuer by calling the authorizeIssuer() function and passing the account address as the argument.

Yes, any account.

That includes EOAs, smart contract wallets, DAO governor contracts, multisigs, game contracts, you name it.

6/ There is a hard coded cap of 1000 Issuers that can be authorized at any given time. 

Issuer authorization is first come, first serve. 

Users wishing to become Issuers may want to pay close attention to the Issuer list.

7/Issuer authorization is limited to a hard coded interval of 2628000 blocks, or roughly 1 year based on current Ethereum Mainnet block times.

Once an Issuer's authorization has expired, they can be deauthorized by any account, freeing up a new Issuer slot.

8/The contract publicly tracks each Issuer's mints and burns and uses this data to determine their individual mint factor.

The more an Issuer mints, the less they can mint in the future.

Burning tokens helps to offset the decrease in an Issuer’s mint factor.

9/The contract logic considers both inflationary minting and deflationary burning when calculating the mint factor.

But it primarily attempts to reward Issuers who show restraint when minting and who contribute toward the stabilization of the token supply via burning.

10/Issuers can transfer their authority to new addresses as long as the Issuer's authority has not expired. 

This allows devs to potentially reserve Issuer authorization in advance of deploying smart contracts that intend to utilize that authority, such as a governor contract.

3/Social behavior in the ecosystem has evolved to treat this token setup as normative.

Which got me thinking - what would happen if we switched up the game theory around the TGE and token supply mechanics? 

How might user collaboration or PVP activity change in response?