---
tags: cybernomics
alias: volt, millivolt, volts, millivolts
crystal-type: entity
crystal-domain: economics
---
token of will in bostrom
denom: `millivolt`
## Role
$V is bandwidth. Creating a cyberlink costs $V proportional to the current dynamic bandwidth price. Each cyberlink is a permanent, content-addressed, directed edge in the on-chain knowledge graph connecting two ipfs CIDs.
## Issuance
$V is created by the burn of $H via mint. Early $V was issued via the original investmint mechanism; all new issuance goes through mint.
| Circulating supply | ~2.2B millivolt |
| baseAmount | 1,000,000,000 H |
| Supply half-life | 4,000,000,000 |
## Price curve
The cost to mint 1 V grows exponentially with cumulative supply. Price doubles every 4B millivolt ever minted (including burned).
## Bandwidth Pricing
Creating a cyberlink permanently burns $V from the neuron account. The amount burned per cyberlink is the current bandwidth price, which adjusts dynamically based on network utilisation:
- when load is below target (10% of max block bandwidth): price falls, encouraging usage
- when load is above target: price rises, dampening demand without a mempool auction
The price adjusts every 5 blocks. Burned $V is gone permanently β it counts toward total cumulative supply in the mint decay curve, increasing scarcity for all future minters.
| Price adjustment period | 5 blocks |
| Base price | 0.25 V per cyberlink |
| Target network load | 10% of max block bandwidth |
| Max block bandwidth | 10,000 cyberlinks per block |
## Burn sinks
- cyberlinks: every link permanently burns $V at the current bandwidth price
- burn fee on moving A and V: 2% burn on every $V transfer
- [[eternal cyberlinks]] (roadmap): [[burn]] [[$V]] for permanent weight boost
Burned $V counts toward cumulative supply β every burn makes the next mint more expensive.
tokenomics