For everyone / The token
What PKL is for
DesignedPKL is not the chain's fuel - you never need it to transact. Its designed role is to receive a share of what the network earns, and most of that machinery is specified rather than built.
What exists today
There is no canonical PKL yet
The supply is specified and the contract is written, but a single authoritative deployment is a launch condition that has not been met. Today the token is deployed separately on Ethereum and on Pickle with no link between the two and nothing keeping their totals consistent - so "a fixed supply of ten billion" is a true statement about the specification and not yet a true statement about the pair of deployments.
Test PKL on the testnet has no value, is not redeemable for anything, and may be deleted when the chain's state is reset.
Everything below describes the design. Where a mechanism is not built, the page says so rather than using the future tense and hoping you notice.
The numbers
| Question | Answer |
|---|---|
| Total supply | 10,000,000,000 PKLspecified, and there is no function that can create more |
| Can more be made? | Nothe contract has no mint function at all, so the number can only go down |
| Can it be destroyed? | Yes, by its holderand only by its holder - nobody can burn tokens you hold, including the project |
| Needed to pay fees? | Nofees are in ETH, permanently |
| Migration allocation | 1,500,000,000 PKL15% of supply, reserved for verified holders of the earlier ABX token |
The absence of a mint function is worth pausing on, because it is unusual and it is checkable: it is not a promise not to create more tokens, it is the absence of any code that could. And burning is restricted to whoever holds the tokens, so no approval you grant to an application can be used to destroy your balance.
What it is for
One thing, and it is the whole argument: a claim on what the network earns.
The chain collects fees in ETH. The design routes a share of those fees to people who have staked PKL, and another share toward buying PKL on the market and destroying it. Both are ways of pointing network income at the token without issuing new tokens to do it - see staking and the yield and what burning means here.
A wider version of the same idea would extend it beyond gas fees to a share of what applications on the chain earn. That is specified in the project's own material and none of it is built - there is no contract, no address and nothing to interact with. Treat it as an intention, and read the section it appears in rather than a summary of it.
What it is not for
- Not for paying fees. Ever. That is ETH, permanently, and a wallet with no PKL can use the chain completely.
- Not a governance vote. There is no governance system. When there is, it will be described somewhere other than a bullet point.
- Not a claim on any company's assets or profits. Holding PKL does not make you an owner of anything, and the project's own documents say so in the same words.
- Not something to buy today. There is nothing to buy: the testnet token has no value and no canonical deployment exists. Anyone offering you PKL for real money right now is not selling you what they say they are.