> For the complete documentation index, see [llms.txt](https://phantasma.gitbook.io/main/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://phantasma.gitbook.io/main/about/dual-token-system/inflation.md).

# Supply And Issuance

SOUL and KCAL are native Phantasma assets with live on-chain supply accounting. Current supply, burned supply, and metadata should be read from the chain rather than copied from static documentation.

Neither SOUL nor KCAL uses a fixed maximum supply field in native token metadata. Their supply is live protocol state: SOUL changes through scheduled issuance and reward accounting, while KCAL changes through staking rewards and fee burns.

## SOUL Supply

SOUL is the staking and governance asset. It has no fixed maximum supply; new SOUL is issued on a fixed monthly schedule, on the first of each month.

Each month the protocol applies two issuances, in this order:

1. A proportional issuance of `0.25%` of the current SOUL supply (`3%` per year).
2. A fixed `125,000 SOUL`, shared equally among eligible Soul Masters.

The order matters for the amounts. The `0.25%` is computed from the SOUL supply before the fixed `125,000 SOUL` is added, not after. The next month's `0.25%` is then computed from the resulting supply, which already includes both of the previous month's issuances. The chain tracks when the next issuance is due and applies it through the scheduled issuance flow.

### Soul Master Distribution

The fixed `125,000 SOUL` is split equally among the Soul Masters that held the Soul Master staking threshold (`50,000 SOUL` staked, see [SOUL](/main/about/dual-token-system/soul.md)) for the entire preceding month, without interruption.

An account that reaches the threshold partway through a month, or whose staked balance drops below the threshold at any point during the month, does not receive that month's share. It becomes eligible from the first full month it holds the threshold continuously. The share each eligible Soul Master receives therefore depends on how many accounts were eligible for that month.

The current supply is queryable through token RPC methods such as `getToken`. Applications, explorers, and reports should use live chain data when presenting SOUL supply.

## KCAL Supply

KCAL is the resource asset used for transaction gas. KCAL is minted when SOUL staking rewards are claimed. Transaction fee settlement can burn KCAL according to the current gas configuration. Refunds return unused prepaid KCAL to the fee payer and are not a separate issuance path.

Because KCAL is minted by staking reward claims and reduced by fee burns, current supply should be read from the chain.

## Staking Rewards

Current mainnet SOUL staking metadata defines KCAL as the reward token and sets the base reward rate to `0.002 KCAL` per staked SOUL per day before configured boosters.

Reward metadata is protocol state. Wallets and applications should query live stake data and unclaimed KCAL rather than relying only on a copied formula.

## Related Pages

{% content-ref url="/pages/9FzlcbGrUvgNmWj1e5ML" %}
[SOUL](/main/about/dual-token-system/soul.md)
{% endcontent-ref %}

{% content-ref url="/pages/5SWgHn7cm1t6zCZ4rwyQ" %}
[KCAL](/main/about/dual-token-system/kcal.md)
{% endcontent-ref %}

{% content-ref url="/pages/OorbjGwKvbCvUi7yQ3iI" %}
[Fees](/main/about/dual-token-system/fees.md)
{% endcontent-ref %}