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+# Tokenomics [DRAFT]
+
+## Initial Total Supply
+
+`1 Billion GGX`
+
+`1 GGX ~= 0.05 USD`
+
+`18 decimals`
+
+All amounts in this document are in GGX.
+
+## APY
+
+Schedule of APY will be next:
+
+| Date | Yearly APY** |
+| -----|-----------------------|
+| 2023 |    14.93%             |
+| 2024 |    13.93%             |
+| ...  |     ...               |
+| 2028 |    11.31%             |
+| ... |    ...                 |
+| 2043| 4% |
+| ... | ... |
+| 2053 | 2% |
+| 2054 | 2% |
+
+** decreases by 6.7% per year
+
+After 30 years the APY stabilizes at 2%
+
+### Current State
+
+* Initial total supply is distributed to active nodes for now.
+* 18 decimals is done. (configured by MILLIGGX)
+* APY configured to 16%. (configured by runtime/mainnet/src/pos/currency.rs InflationPercent)
+* APY decrease ladder scheduled for the runtime.
+*  APY decrease happens every 365.25 days to address leap years. (configured by runtime/mainnet/src/pos/currency.rs InflationPercentDecay)
+
+## Staking
+
+Each new validators when enters `PoS` with `200 thousands` staked for `1 year`.
+
+Staking rewards are distributed each session.
+
+`Session period = 4 hours`
+`Election period = quarter`
+
+### Slashing
+
+| Misbehavior | Amount |  Parameters |
+| ------------| -------| ------------------
+| Consensus Offline               | 0.01% to 44% * Stake | starting from 10% validators offline linear increase |  
+| Consensus Equivocation for Blocks (Double Sign) | 0.01% * Stake | TBD |
+| MPC Signature (Wrong message) |  0.01% * Stake | TBD |
+| MPC Key Generation (Failure to Participate) | 0.001% * Stake | TBD |
+| Early Unstake | 10% * Stake | TBD |
+| ...TBD... | ...TBD... |
+
+Slashed amounts are sent to treasury.
+
+### Nominations
+
+| Account | Part | Type |
+| ------- | ---- | ---- |
+| Validator** | 5% | Fixed comission |
+| Nominator + Validator** | 95% | Shared between nominators and validator |
+
+** 10% of validators rewards go to Treasury
+|  Account  | Part |
+| --------- | ---- |
+| Validator | 90%  |
+| Treasury  | 10%  |
+
+### Current state
+
+* 1 year withdrawal lock is implemented.
+* Session period is 4 hours. Era period is quarter.
+  (configured by `EpochDurationInBlocks`, `SessionsPerEra`).
+* Payout at the end of the session. Configured by runtime/mainnet/src/pos/session_payout/mod.rs
+* Median commission to nominators from validator preferences calculated each session.
+  Static commission can be enabled by referenda. Configured by runtime/mainnet/src/pos/session_payout/mod.rs
+* 10% Treasury comission is implemented. (configured by runtime/mainnet/src/pos/currency.rs `TreasuryCommission`)
+
+## Rewards
+
+### From Transaction Fees
+
+| Account | Part |
+| -------- | ----- |
+| Treasury | 100% |
+| Validator (block producer) | 0% |
+| Burn | 0% |
+
+Fees are distributed each block.
+
+### From transaction tips
+
+| Account | Part |
+| -------- | ----- |
+| Treasury | 25% |
+| Validator(block producer) | 75% |
+| Burn | 0% |
+
+### Current state
+
+* Done
+
+## Fees
+
+| Category | Type | Amount |
+|------|--------|-----------|
+|Transaction | 1 second of execution(or equivalent prove size)| 10000 |
+|Transaction | MPC signatrue | 100 |
+|Storage | ED for account | 0.1 |
+
+Proper fees to be defined.
+
+## Parameters configuration
+
+Parameters can be changed by OpenGov.
+
+### Current state
+
+* Implemented most of it.