Settlement, Credits & Issuance
VE (uve) is VirtEngine’s native asset. VirtEngine Compute Credit, VCC
(uvcc), names the service-accounting unit. VirtEngine does not depend on
Akash’s compute token. Naming a credit does not establish a peg or redemption.
Four different flows
Section titled “Four different flows”| Flow | What changes | What it does not establish |
|---|---|---|
| Primary issuance | New allocations under proposed human eligibility rules | Purchasing power or adequate resource supply. |
| VE/VCC conversion | Intended conversion between monetary and service units | A new human entitlement or permanent VE destruction. |
| Escrow settlement | Ownership of funds released under agreement rules | Correct computation or a supply reduction. |
| Net burning | Native units destroyed after all reissuance | Beneficial agents or universal economic dependence. |
Provider-facing policy calls for the full agreed amount from escrow, with no platform deduction. Network transaction fees apply separately to chain actions. Actual payout uses the agreement’s supported denomination; VE and service credits are not interchangeable units.
What is implemented?
Section titled “What is implemented?”The checked BME conversion handlers return pending without executing bank/oracle conversion. Billing transfers funds to providers and can burn a configurable settlement fee, which defaults to zero. Generic mint/burn helpers and accounting exist. These paths do not establish a permanent consumption sink for every compute purchase. See BME implementation evidence.
Proposed human-led primary issuance
Section titled “Proposed human-led primary issuance”Each proposed 15-unit batch allocates 14 to eligible active verified humans and 1 to Foundation stewardship. That share is part of the batch, not an additional mint. Initial supply is zero and there is no fixed cap. Staking does not independently authorize new primary issuance. See tokenomics and issuance-policy authority.
Why investigate the relationship?
Section titled “Why investigate the relationship?”Personhood-rooted primary allocations could provide claims on output when wage competition becomes less reliable. Recurring resource consumption could potentially connect machine activity to demand for those claims. Test net native burning, outside compute, reserves, entitlement control, purchasing capacity, inclusion and protection of the rules before claiming that effect.
Foundation public-benefit restrictions, stake-weighted chain governance and proposed agent controls have different authority. Economic incentives alone do not establish safety or broad benefit. Explore the interactive research conditions.