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Gonka Tokenomics

Economic modeling suite for the Gonka Network -- a decentralized AI infrastructure platform with ~98% productive compute and Sprint Consensus (2.3B-parameter Transformer-based PoW).

Generates 5 Excel workbooks (1 master + 4 standalone) that model token emission, price scenarios, fee transition, host profitability, and treasury operations over a 10-year horizon. Built for Gonka leadership, investors, and economic stakeholders.


Quick Start

pip install -r requirements.txt
python generate.py

Output: 5 .xlsx files in output/.

To generate a minimal test workbook (Assumptions tab only):

python generate.py --test

Dependency: Python 3.x + openpyxl==3.1.5 (sole dependency).


Workbooks

Master Workbook

gonka_master_model.xlsx -- Complete model with all 5 economic models, executive dashboard, and full parameter set.

Tab Description
Documentation Cover sheet with table of contents and tab descriptions
Assumptions All 70 input parameters, scenario selector, and what-if toggles
Emission Schedule Mining reward decay curve and circulating supply over 10 years
Token Price Multi-scenario price trajectories (Conservative/Base/Aggressive) and market cap
Fee Transition Fee revenue vs. mining emission crossover analysis
Host Profitability GPU host economics, income composition, and breakeven analysis
Treasury & POL Community Pool, protocol-owned liquidity, buyback-burn, and floor defense
Dashboard 8 cross-model KPIs, 3-scenario comparison matrix, and summary charts

Standalone Workbooks

Each standalone contains only the model tabs needed for its analysis, plus dedicated Documentation, Assumptions (filtered to relevant parameters), and Definitions tabs.

Workbook Tabs Use Case
gonka_token_price.xlsx 5 Token price scenarios and market cap projections
gonka_fee_transition.xlsx 6 When fee revenue overtakes mining emission
gonka_host_profitability.xlsx 7 GPU host ROI, breakeven price, and churn risk
gonka_treasury_pol.xlsx 7 Community Pool runway, POL returns, buyback-burn impact

How to Use the Workbooks

This section is a hands-on guide for non-technical users opening the workbooks in Excel or Google Sheets.

Opening and Navigating

  • Open any .xlsx file from the output/ folder.
  • The Documentation tab (first tab) contains a table of contents with clickable links to every other tab.
  • Each model tab has a "Back to Documentation" hyperlink in the top-right corner for easy navigation.

Changing Scenarios

On the Assumptions tab, find the Scenario Selector section:

  1. Click the Active Scenario cell (blue background).
  2. Choose from the dropdown: Conservative, Base, or Aggressive.
  3. The entire workbook recalculates automatically -- all price projections, fee estimates, host income, treasury balances, and dashboard KPIs update to reflect the selected scenario.

What-If Toggles

Three toggles on the Assumptions tab let you model alternative futures:

Toggle Values Effect
Buyback-Burn Active Y / N Enables or disables the buyback-burn mechanism across all models
Deploy POL Active Y / N Enables or disables protocol-owned liquidity deployment from the Community Pool
Tail Emission Toggle ON / OFF When ON, enforces a 10,000 GNK/day emission floor to prevent mining rewards from reaching zero

Change any toggle and all downstream tabs recalculate instantly.

Reading the Dashboard

The Dashboard tab (master workbook only) provides an at-a-glance summary:

8 Key Performance Indicators (Year 10, active scenario):

KPI Source
Year 10 Circulating Supply Emission Schedule
Year 10 Active GNK Price Token Price
Year 10 Circ. Market Cap Token Price
Year 10 Fee/Emission Ratio Fee Transition
Year 10 Host Net Monthly Income Host Profitability
Year 10 Net Treasury Value Treasury & POL
Cumulative Buyback Burn (% Supply) Treasury & POL
Host Churn Risk Periods (Total) Host Profitability

Below the KPIs, a Scenario Comparison Matrix shows 6 metrics side-by-side across Conservative/Base/Aggressive scenarios with color-coded cells (red-yellow-green).

Cell Conventions

Cell Color Meaning
Blue background, dark blue text Input -- editable by the user
Black text, no fill Formula -- calculated automatically
Green text Cross-tab reference -- pulls data from another sheet
Red text, light red fill Warning -- flags danger zones (e.g., churn risk)

Cell Protection

All cells except inputs are locked to prevent accidental formula edits.

  • Password: gonka
  • To unlock: Review > Unprotect Sheet > enter gonka.
  • Google Sheets note: XLSX sheet protection is not preserved when opening in Google Sheets. Formulas remain functional but are unprotected.

Printing

All tabs are configured for print:

  • Landscape orientation, fit-to-page width
  • Margins optimized for A4/Letter
  • Headers include tab name; footers include page numbers
  • Charts are sized to print cleanly alongside data tables

Models Overview

All models use a shared 32-period time axis: 24 monthly periods (Year 1-2) followed by 8 annual periods (Year 3-10). Each model builds on its predecessors in a dependency chain.

Emission Schedule

Models the exponential decay of GNK mining rewards from the 680M mining allocation.

  • Decay curve, cumulative mined supply, circulating vs. locked supply
  • Inflation rate comparison with Ethereum
  • 3 charts: emission decay, supply composition, inflation benchmark

Token Price

Projects GNK price under three macro scenarios using the emission schedule as input.

  • Conservative, Base, and Aggressive price bands
  • Circulating market cap and fully diluted valuation
  • Buyback-burn price floor effect
  • 2 charts: scenario price trajectories, price vs. supply dual-axis

Fee Transition

Analyzes the crossover point where network fee revenue exceeds mining emission value.

  • Fee revenue from compute transactions vs. emission value
  • Crossover ratio timeline (ratio > 1.0 = self-sustaining)
  • Tail emission impact analysis
  • 3 charts: revenue split, crossover ratio, fee vs. emission

Host Profitability

Models the economics of running a GPU host node on the Gonka Network.

  • Monthly income: mining rewards + fee share
  • Operating costs: electricity, hardware depreciation, bandwidth
  • Breakeven GNK price and ROI analysis
  • Churn risk flagging (periods where hosting is unprofitable)
  • 3 charts: income composition, Gonka vs. traditional cloud, breakeven price

Treasury & POL

Simulates the Community Pool (12% of supply) and protocol-owned liquidity strategy.

  • Community Pool inflows, outflows, and runway
  • POL deployment returns and impermanent loss
  • Buyback-burn cumulative impact on circulating supply
  • Floor defense trigger analysis
  • 3 charts: treasury composition, depletion timeline, buyback-burn impact

Parameters

The model is driven by 70 parameters organized into 15 groups, defined in models/parameters.py.

Group Count Examples
Token Supply 4 Total supply (1B), mining allocation (68%), community pool (12%), founders (20%)
Emission Parameters 4 Epoch length, decay factor, initial reward, halvening schedule
Revenue Allocation 4 Fee split ratios between hosts, treasury, and burn
Price Scenarios 7 Conservative/Base/Aggressive price low and high bounds
Developer Growth 4 Developer adoption curve and compute demand multipliers
Fee Transition 2 Base fee rate, tail emission rate (10,000 GNK/day)
GPU Economics 4 Hash rate, power consumption, hardware cost
Host Economics 11 Electricity cost, bandwidth, maintenance, depreciation
POL Parameters 7 Deployment rate, target APR, IL assumptions
Buyback Parameters 5 Buyback rate, burn percentage, price floor trigger
Floor Defense 6 Defense trigger price, reserve ratio, intervention size
Treasury Operations 2 Operating budget, grant allocation
What-If Toggles 2 Buyback-Burn Active, Deploy POL Active
veGNK Parameters 5 Lock duration, boost multiplier, governance weight
Network Parameters 3 Node count growth, utilization rate, network capacity

Each parameter carries a confidence level:

  • HIGH -- derived from protocol constants or historical data
  • MED -- informed estimates based on comparable networks
  • LOW -- speculative projections requiring future validation

All parameters include source citations (whitepaper sections, comparable protocol data, or modeling assumptions) visible in the Assumptions tab.


Project Structure

gonka-tokenomics/
  generate.py                  # CLI entry point (--test flag for quick validation)
  requirements.txt             # openpyxl==3.1.5
  models/
    parameters.py              # 70 parameters, 15 groups (single source of truth)
  generators/
    workbook_base.py           # Assumptions tab, scenario selector, what-if toggles
    styles.py                  # Named styles, color constants, number formats
    chart_utils.py             # Chart rendering fix for Excel compatibility
    emission.py                # Emission Schedule tab (32 rows, 10 cols, 3 charts)
    token_price.py             # Token Price tab (32 rows, 12 cols, 2 charts)
    fee_transition.py          # Fee Transition tab (32 rows, 14 cols, 3 charts)
    host_profit.py             # Host Profitability tab (32 rows, 13 cols, 3 charts)
    treasury.py                # Treasury & POL tab (32 rows, 14 cols, 3 charts)
    dashboard.py               # Dashboard tab (8 KPIs, scenario matrix, 3 charts)
    documentation.py           # Master workbook Documentation tab
    cover_sheet.py             # Standalone Documentation tab
    glossary.py                # Standalone Definitions tab (22 terms)
    standalone.py              # Standalone workbook generator
    standalone_config.py       # Per-standalone configs, glossary terms, narratives
    print_setup.py             # Print settings and cell protection
  output/                      # Generated workbooks (gitignored)

17 charts across 6 model/dashboard tabs. All charts use fix_chart_rendering() to patch the openpyxl application tag for reliable rendering in desktop Excel.


Research Foundation

The economic models are grounded in four research documents produced during v1.0, plus five deep-dive analyses:

Core Research (project root)

Document Description
Gonka_Macro_Tokenomics_Research.md Macro-level tokenomics analysis: supply dynamics, emission curves, market positioning
Gonka_Tokenomics_Deep_Analysis.md Technical deep dive into all economic mechanisms and their interactions
Gonka_Tokenomics_Explained.md Stakeholder-friendly explainer of the entire token economy
Gonka_Tokenomics_Fine_Tuning_Recommendations.md 10 prioritized recommendations for optimizing the token economy (capstone)

Deep Research

Five specialized research reports in .planning/phases/01-deep-macro-tokenomics-research/research/:

  1. Protocol-Owned Liquidity -- POL strategies, LP mechanics, IL mitigation
  2. Real Yield and Buybacks -- Buyback-burn economics, sustainable yield models
  3. veToken and Governance -- Vote-escrow mechanics, governance incentive alignment
  4. Fee Transition Stress Test -- Crossover timing under adverse conditions
  5. GPU Economics and Developer Growth -- Compute market dynamics, adoption curves

Reference Materials

  • whitepaper.pdf -- Gonka Network technical whitepaper
  • tokenomics.pdf -- Original tokenomics specification

Version History

v1.1 -- Economic Modeling (2026-02-07)

  • 5 Excel workbooks: 1 master (8 tabs, 17 charts) + 4 standalone
  • 70 parameters with confidence levels and source citations
  • Scenario selector (Conservative/Base/Aggressive) with full model chain recalculation
  • 3 what-if toggles: Buyback-Burn, Deploy POL, Tail Emission
  • Executive dashboard with 8 KPIs and scenario comparison matrix
  • Cell protection, print-ready layout, cross-platform validated

v1.0 -- Tokenomics Research and Optimization (2026-02-05)

  • Comprehensive tokenomics research across 4 major documents
  • 5 deep-dive analyses on POL, buybacks, governance, fees, and GPU economics
  • 10 prioritized fine-tuning recommendations for the Gonka token economy

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