GKM Tokenomics
Supply Elasticity and Token Velocity
In the token economy's structural design, the price elasticity of token supply (E_s) is a key indicator determining whether the platform can escape extreme price volatility:
Eₛ = (%ΔQₛ)/(%ΔP) = (ΔQₛ/Qₛ)/(ΔP/P)
When surging demand for ecosystem utility raises the token price P, excessive supply elasticity E_s can rapidly turn large amounts of latent tokens—such as early-investor unlocks and speculative miner sales—into immediate selling pressure ΔQ_s, causing the exchange rate to collapse and obstructing long-term ecosystem development. Conversely, rigidly locking the entire circulating supply would increase trading slippage and user consumption costs. According to the Fisher equation from the quantity theory of money:
M · V = P · Y
Here, M is the actual effective circulating token supply, V is token velocity or turnover, and P·Y represents the total value of ecosystem output denominated in tokens, including compute usage, IP investment and streaming on demand.
GKM's core engineering concept is to restrict circulating supply M at the smart-contract layer through institutional mechanisms, pushing marginal supply elasticity toward complete inelasticity (E_s → 0). At the application layer, streaming micropayments and per-frame inference burning sharply increase velocity V, maintaining macroeconomic prosperity and high liquidity while reducing supply elasticity.
Token Mechanism Matrix
| Token Mechanism | Design Logic and Lockup Rules | Effect on Effective Supply M and Supply Elasticity E_s | Effect on Velocity V and Output P·Y |
|---|---|---|---|
| IP Crowdfunding Time Lock | GKM committed to leading-IP adaptation crowdfunding in Europe, North America, Japan and South Korea is locked directly in contracts throughout production and the first release cycle (6–12 months). | Large amounts of capital are removed from secondary-market circulation, preventing liquid supply from creating marginal selling pressure as prices rise. | Creates a fixed capital reservoir, eliminates speculative churn and provides predictable underlying credit for IP assets. |
| DePIN Node Admission Staking | Confidential-computing nodes stake GKM according to GPU compute capacity. SLA-related outages or malicious inspection of data trigger slashing. | Creates a rigid network-deposit barrier; stakes remain locked as capacity expands, reducing circulation elasticity. | Establishes underlying network security, keeps these tokens outside turnover and reduces disorderly speculation. |
| Superfluid Streaming Settlement | Per-second Money Streaming begins when users watch short dramas, immediately dividing funds among stakeholders without custody. | Prevents funds from lying dormant in centralized account reservoirs and removes supply distortions caused by artificial retention. | Pushes token velocity V to the blockchain physical layer's limit, allowing minimal retained capital to support large viewing volumes. |
| Protocol-Owned Liquidity (POL) | A portion of reserves from IP crowdfunding and offshore tool-rental revenue is paired with GKM to mint LP positions permanently held in protocol-owned decentralized liquidity pools. | Eliminates liquidity black swans caused by external market makers withdrawing and isolates the supply-and-demand pool from external macro-market fluctuations. | Maintains deep secondary-market trading channels even when most tokens are locked. |
Effective Supply Lockups and the Economic Cycle
Through this matrix, GKM establishes a closed macroeconomic cycle. IP crowdfunding and node staking act as a contractionary anchor, locking more than 60% of the market's effective token supply in smart contracts and suppressing supply elasticity E_s to a very low level. When the platform's short dramas gain popularity and external capital flows in, the limited circulating supply translates directly into firm support for the token price.
IP Vaults and Derivative Rights
Community members and liquidity providers deposit GKM into dedicated IP crowdfunding vaults. CrowdfundVault contracts aggregate funds and define hard caps, soft caps, lockups and release parameters. GKM leaves secondary-market circulation for 6–12 months, with derivative-rights tokens minted proportionally for investors. Once funding targets are met, funds are released to pay licensing minimum guarantees and support subsequent production tasks.
Consumption Payments and Burning
Audiences use GKM for subscriptions, episode purchases and derivative items. 0xSplits and Superfluid distribute funds using preset weights: a fixed share goes to publisher nodes, investors receive per-second distributions weighted by their contributions, and the remainder goes to creators and the burn pool. Per-frame inference burning and streaming micropayments together form the application-layer token circulation mechanism.