The Token Matrix · read tokens by structure, not by price
Our DEX pairs are these native tokens (wVKBT / wCURE / KULA / WPRANA), so this page explains what they are structurally. Two matrices: the Graphene social chains side by side, and the token structure that actually governs what it costs to hold a value.
Part 1 · The Graphene-chain matrix
HIVE, STEEM and BLURT are Graphene social chains, and so is MELEK. (PRANA is our EVM chain — we are both.) Same DPoS witness core; the differences are in the rules:
| Chain | Consensus | Block time | Downvotes | Per-tx fee model | Author / curator | Side-token layer |
|---|---|---|---|---|---|---|
| HIVE | DPoS | 3s | Yes | Resource Credits (no coin fee) | 50 / 50 | Hive-Engine (+ SMT never shipped) |
| STEEM | DPoS | 3s | Yes | Resource Credits (no coin fee) | 50 / 50 | Steem-Engine / SMT |
| BLURT | DPoS | 3s | No | Per-transaction coin fee | 100 / 0 (no curation) | none |
| MELEK | DPoS | ~4s | No | No per-op fee, no downvotes | 75 / 25 | MELEK-Engine (our Hive-Engine) |
MELEK: ~4s blocks, no downvotes, no per-op fee, 75 / 25 author/curator, and a Hive-Engine-style side-token layer (MELEK-Engine).
Part 2 · The token structural matrix
Real Hive-Engine data (VKBT + CURE issued by
@kalivankush), re-fetched live from api.hive-engine.com — as of
2026-08-31. Liquid float = circulating − staked: the supply that can
actually reach an order book. Sorted by structural defensibility (most-staked, longest
cooldown first). BEE and DEC are high-float contrast rows.
| Token | Max supply | Circulating | % of max minted | Staked % | Unstake cooldown | Liquid float |
|---|---|---|---|---|---|---|
| CURE
Curator Rewards Token · @kalivankush |
20,000,000 | 68,946 | 0.3% | 70.9% | 150d | 20,093 (29.1%) |
| VKBT
Van Kush Beauty Token · @kalivankush |
500,000,000 | 2,251,027 | 0.5% | 42.5% | 30d | 1,294,074 (57.5%) |
| BEE (contrast)
Hive-Engine utility token · @hive-engine |
— | 3,979,160 | — | 12.9% | 40d | 3,466,266 (87.1%) |
| DEC (contrast)
Dark Energy Crystals (Splinterlands) · @splinterlands |
— | 4,913,209,574 | — | 0.0% | 1d | 4,913,209,574 (100.0%) |
VKBT: ~42.5% staked, 30-day cooldown, <0.5% of max minted. CURE: ~70.8% staked, 150-day cooldown, ~0.34% of max minted. DEC: 0% staked, 1-day unstake — almost the entire circulating supply is liquid float.
Part 3 · The reframe — market cap is a pretend number
Price × circulating supply is not realizable value. On a thin market you cannot sell into the headline cap without collapsing the price. The honest metric is cost-to-maintain a value: how much capital it actually takes to hold a price level — and that is governed by the liquid float and sell-pressure structure, not the headline cap.
- High staked % + long cooldown = tiny liquid float. Little supply can hit the order book, so maintaining a given value costs far less capital than market cap implies.
- CURE (~70.8% staked, 150-day cooldown) is structurally defensible with little capital: almost nothing can be dumped quickly.
- A token that is ~0% staked with instant unstake (like DEC) needs far more capital to hold the same price — its whole float can hit the book at once.
- Unminted supply (max − circulating) is future dilution = future cost-to-maintain. VKBT and CURE have minted <0.5% of max: the headroom is enormous.
So the matrix ranks tokens by structural defensibility — float, staking, cooldown, dilution — never by price.
Not investment advice and not a price prediction. These are thin, volatile markets; structure describes cost-to-maintain, not a guarantee of value. Numbers are on-chain facts as of 2026-08-31 and change as tokens are minted, staked, or unstaked.
How to get each token → · Make a token → · Deployed contracts → · KulaSwap →