Emission

MigoChain has zero pre-mine: no address holds a balance at the genesis block. Every MIGO in circulation is minted by the protocol itself as a validator reward — there is no allocation set aside in advance for the founding team, investors or any other address. This is not a marketing claim; it is a protocol invariant that can be verified directly by reading the genesis state.

The reward minted per block follows a curve that depends on the number of active validators (N): as N grows, the total reward per block grows too, but the share per individual validator flattens out gradually. This reward is split four ways: the DevFund, the validator pool (to the validator whose turn it is), the masternode pool (shared across all active masternodes), and a small rounding remainder (“dust”) shown as its own column in the table below. The table below matches the emission report generated directly from the protocol code, one for one.

At a given block height, emission halves: this is a recurring event at a fixed block interval, defined as a protocol parameter rather than a number pulled from a table. The DevFund allocation also ends at that same block (the DevFund sunset) — the two events coinciding at the same block is intentional, and it partially cushions the effect of the halving, because the per-validator share is relieved of the DevFund deduction at the same moment.

No burning

Not a single MIGO is destroyed by the protocol — including the EIP-1559 base fee. Unlike many other EVM chains, the base fee is not sent to a “burn” address and removed from circulation; instead it is routed to the treasury, contributing to the network’s sustainable funding. Fee revenue is split between the treasury and the node pool at a fixed ratio depending on transaction type — that ratio, too, comes from a protocol constant in the table below.

Collateral and dividends

Becoming a validator requires locking a collateral threshold set by the protocol; running a masternode requires a separate, lower collateral. Collateral is not an asset the treasury can seize at will — it is subject to protocol-level slashing for violations such as downtime or double-signing.

A portion of the revenue flowing into the treasury is distributed to collateral holders as dividends in periodic rounds. A distributed dividend does not become usable instantly; it is spread across a linear vesting schedule, which encourages sustained participation in the network over short-term speculation. The vesting period is also shown in the table below as a protocol constant.