Draft, pre-launch. This document describes the network as designed and, where noted, as currently implemented. KrovaCoin has no public testnet or mainnet yet – see Transparency for what’s actually enforced on-chain today versus stated policy intent, and Legal for the current legal status. This is not an offer to sell any security or financial instrument, and nothing here is investment advice.

1. Overview

KrovaCoin (KROV) is a Proof-of-Stake cryptocurrency with a fixed, fully pre-mined supply of 72,000,000,000 KROV. The entire supply is created once, in the genesis block; no further KROV is ever minted. Blocks after genesis are produced by staking, and stakers are compensated from transaction fees plus a scheduled, consensus-enforced rewards pool – never from new issuance.

Two design commitments run through every part of this document:

1. Zero inflation is absolute. GetBlockValue() returns the premine at height 1 and zero everywhere else, enforced the same way every other consensus rule is enforced – by full node validation, not by policy.
2. Premine transparency is not optional. Every genesis allocation is public, and this document (together with the Transparency page) is explicit about which allocations are cryptographically locked by the protocol and which are merely under stated custodial policy. Conflating the two is, in our view, the single most common way new chains lose credibility, and we’d rather over-disclose than risk that.

2. Consensus

KrovaCoin is a fork of the PIVX codebase, itself derived from Bitcoin Core, adapted for a fixed-supply, Proof-of-Stake economy:

• Proof of Stake, no coin-age. Staking weight is proportional to the amount staked, with a 100 KROV minimum and a 600-confirmation maturity period before a coin is stake-eligible. There is a brief Proof-of-Work bootstrap window at the very start of each network purely to produce the first few blocks before any coins exist to stake with.
• Native cold staking. A wallet can delegate the right to stake its coins to a separate hot node via a dedicated output type (P2CS), without ever exposing spending keys to that node. The delegating owner retains full, immediate spending control at all times. See Cold Staking.
• 60-second target block time.

3. Supply and Allocation

72,000,000,000 KROV, created entirely in the genesis coinbase transaction, split into six outputs:

Full detail, including exactly what “consensus-enforced” versus “custodial policy” means for each row, is on the Transparency page – it is generated from the same constants as this table and is the authoritative version if the two ever drift.

3.1 Staking Rewards Pool

Pays out to that period’s stakers, pro-rata by blocks staked, roughly daily (every ~1440 blocks), on a hardcoded 20-year declining schedule:

25.2B KROV total across the full 20 years. A block that omits or misstates the required payout transaction is invalid – every full node rejects it, the same as any other consensus violation.

3.2 Team & Founders vesting

7,200,000,000 KROV split into 36 individually timelocked (CLTV) monthly outputs, with a 12-month cliff from genesis before the first tranche unlocks. This is enforced at the script level: no key, multisig, or promise can spend a tranche before its timelock expires.

3.3 Treasury, Community, Public Sale, and Reserve

These four allocations are plain, immediately-spendable outputs at genesis, held under stated multisig custody policy (published, not consensus-enforced): 4-year linear release intent for Treasury, program-driven release for Community, legal-clearance-gated release for Public Sale, and a 24-month intended timelock with 30-day advance notice for Reserve. We are explicit that these commitments are policy, not protocol, because representing them otherwise would be inaccurate.

4. Circulating Supply

Circulating supply is defined as total supply minus the two allocations actually locked by consensus: unmatured Team CLTV tranches, and the Staking Rewards Pool’s current unspent balance. This is computed live by the block explorer and available via API – see Transparency.

5. Governance

KrovaCoin does not launch with on-chain governance. Treasury and Reserve disbursement decisions are made by the custodying multisig, with public disclosure. A stake-weighted governance mechanism is a candidate for a future protocol upgrade, not a genesis-day feature – this document will be updated if and when that changes.

6. Roadmap

Per the project’s own build order: core protocol on a private/regtest chain (current stage) → block explorer → this website → non-custodial web wallet → infrastructure (seed nodes, monitoring) → public testnet period and an external security audit → mobile and desktop light wallets → mainnet genesis, gated on both the audit and legal clearance being complete. No mainnet genesis ceremony happens before both gates clear.

7. Security

The Staking Rewards Pool payout logic and the vesting/timelock code are the most heavily modified consensus paths relative to upstream PIVX, and are flagged for particular attention in the planned external audit ahead of any public testnet. Overflow safety for the 7.2×10^18 base-unit supply (against int64’s ~9.22×10^18 ceiling) has been explicitly audited in the amount-summing paths, with checked-addition helpers and dedicated tests.

8. Disclaimer

This document describes the intended design and, where stated, the current implementation of KrovaCoin. It is not a prospectus, an offer, or a solicitation to buy or sell any asset in any jurisdiction, and nothing in it is financial, investment, legal, or tax advice. There are no price predictions or return promises anywhere in this document or on this site, by design. See Legal for the current status of legal review, which is not yet complete.