3.1 XPULS: Low Speed Value and Governance Weight

The design of XPULS (base currency) aims to maximize value density while minimizing velocity.

Value density function :

With its circulation supply shrinking through the HMM mechanism and MarketCap rising via K-value growth, XPULS demonstrates strong growth potential.

Circulation speed control:

We quote Fisher's equation of transaction, in which M is the money supply, V is the velocity of circulation, P is the price, and Q is the transaction volume.

Noah 2.0 minimizes the following:

High exit cost: The turbine escort mechanism imposes Proof of Concept (PoC) requirements on withdrawals.

Long-term pledge incentive: Interstellar Bank's compound interest yield provides a higher return on long-term pledges (60 days).

Governance Lockout: To participate in CSG governance voting, participants must lock up their XPULS tokens, which will subsequently be removed from circulation.