Tokenomics and Distribution

Supply Mechanics

Bond Token supply is determined from the net capital raised (after platform fees are deducted at extraction) and the bond's dirty purchase price:

Total Supply = Net Capital Raised ÷ Dirty Price

Where Net Capital Raised = Total Capital Raised − Platform Fees and Dirty Price = Clean Price + Accrued Interest. The dirty price reflects the accrued interest paid at the time of purchase, ensuring economic equivalence between traditional bond ownership and the tokenized representation.

Supply is tracked with 18-decimal precision. A single Bond Token (one bond line, one onchain maturity timestamp) can be issued across multiple funding rounds (the series of that line) with each round emitting additional supply at its own dirty price. Where the underlying bond issuer extends legal maturity in traditional markets, Bondi mirrors that date onchain via the Admin Safe, see Maturity date updates.

For a worked distribution example with decimals and exchange-rate math, see the FpUSD Real‑World Example.