The ASE Token

ASE Token Overview

Estimated read time: 5 minutes

TL;DR

ASE is the native token of the Asentum network. 1,000,000,000 fixed supply. Four purposes: gas, staking, governance, and network access. Pre-mainnet ASE lives as an ERC-20 on Ethereum L1, bridging 1:1 to native ASE at mainnet launch. A public presale is open — 16% of supply at 625 Gwei per token, first-come-first-served.

The four purposes of ASE

Gas. Every transaction and contract execution pays gas in ASE. The base fee is burned — making ASE deflationary under sustained usage. Priority tips go to the block proposer.
Stake. Validators bond ASE to join the rotating BFT committee. Token holders delegate ASE to validators they trust. Bonded ASE is the economic collateral securing consensus — slashed if a validator misbehaves.
Governance. ASE holders vote on protocol upgrades, parameter changes, and ecosystem grants via the on-chain governance system. Voting power is proportional to bonded stake.
Network access. Governance proposal submission requires a bond of 100+ ASE. Validator entry requires a minimum self-bond of 500 ASE. These thresholds ensure participants have skin in the game.

Supply

Maximum supply	1,000,000,000 ASE (fixed — governance hard floor)
Smallest unit	10⁻¹⁸ ASE (same as Ethereum wei)
Pre-mainnet token	ERC-20 on Ethereum L1
Mainnet conversion	1:1 bridge from ERC-20 → native ASE
Fee burn	100% of base fee burned (deflationary under load)
Validator rewards	15% of supply — block subsidies decaying over ~5-7 years

The 1B supply cap is enforced at the chain level as a governance hard floor — no proposal of any tier can increase it. For the full allocation breakdown see Distribution.

Token status

ASE currently exists as a pre-mainnet ERC-20 on Ethereum L1. This is the version available in the presale, listed on exchanges, and paired in the Uniswap v2 LP at launch.

When Asentum mainnet ships, a 1:1 bridge will convert ERC-20 ASE to native ASE on the Asentum chain. The bridge is a separate deliverable — until it ships, the ERC-20 is the canonical token.

Security & audit

A CertiK audit of the token contract and staking system is in progress. The report will be linked here when published. LP is locked for 12 months via Team Finance — verifiable on-chain at launch.