v0.9.1

Date: 2025-08-21

I. Executive Summary

Parallels Meshes is a decentralized mining and collaboration network based on geographic grids. Users claim grids, submit verifiable proofs (location, activity, community), and earn tokens through real-world contributions. By abstracting geographic space as programmable on-chain assets, we are building an open, sustainable, and composable LBS Web3 economy that connects maps with markets.

Parallels Meshes divides the Earth's surface into digital grids of approximately 1km², which anyone can claim and earn daily mining rewards. The rules are fair with zero barriers to entry.

The system establishes a fair and active ecosystem through its rules, encouraging participation and discouraging hoarding, while using exponential growth of claim fees to prevent excessive concentration in popular grids.

II. Core Rules

  1. Grid definition: The Earth is divided into squares of approximately 1km². Each grid is encoded with two decimal places of latitude and longitude: e.g., E12147N3123 represents 121.47°E, 31.23°N.
  2. Claiming process: The same user (wallet address) can only claim a specific grid once, but can claim any number of different grids; the same grid can be claimed by any number of addresses. The more popular a grid (higher cumulative claim count), the higher the subsequent claiming fee increases exponentially with popularity.
  3. Reward collection: Daily rewards can be collected each day; if uncollected, the system applies a 50% decay at the end of the day (40% burned, 10% to foundation, 50% carried forward), and the next collection can include both the "carried forward amount + current day's rewards."

III. Economic Model

Time index: d = ⌊(t−genesisTs)/86400⌋; y = ⌊(t−genesisTs)/(365×86400)⌋.

Heat and cost: Heat(n) = min(H0·b^n, Hmax_cap); Cost_n = ⌊K·Heat(n-1)⌋, where n is the claim count for a grid.

Mining reward: R(d) = R0·a^y, where a is the annual decay factor.

Uncollected handling: For uncollected amounts X_d at the end of day d: 40% burned, 10% to foundation, 50% carried forward to day d+1.

Figure 1: Heat and fees based on number of claims

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Figure 2: Daily issuance factor decreases year by year