On May 7, 2026, AERE Network completed a full chain relaunch, referred to internally as Genesis v2, to correct the total token supply to the figure specified in the project whitepaper: 2,800,000,000 AERE. This article explains what happened, why we chose to act before public adoption, and what the corrected allocation structure looks like.
The original AERE genesis block, deployed during the initial infrastructure build, contained an allocation that did not precisely match the tokenomics specified in the whitepaper. The whitepaper defines a hard cap of exactly 2,800,000,000 AERE distributed across six named allocation buckets. The genesis v1 configuration diverged from those figures.
This kind of discrepancy, between a whitepaper specification and a genesis-block implementation, is not unusual in early-stage blockchain development. What matters is when it is discovered and what is done about it. We discovered it during an internal audit of the genesis allocation before any token-holder activity or exchange listings had taken place.
A blockchain's total supply is set at genesis and cannot be corrected by a later transaction. There is no "edit" to an existing genesis block. The only technically sound options were:
We chose option 2. The whitepaper supply cap of 2.8 billion was set deliberately, with a specific allocation structure designed for the long-term health of the ecosystem. Altering that structure retroactively, or locking in an error simply to avoid the inconvenience of a relaunch, would have been the wrong call. Because Genesis v2 happened before any real-user wallets held tokens, the practical disruption was zero.
The six allocation wallets in Genesis v2, each holding the whitepaper-specified amount:
| Allocation | Amount (AERE) | Share |
|---|---|---|
| Mining Reserve | 1,400,000,000 | 50% |
| Ecosystem Fund | 560,000,000 | 20% |
| Team | 420,000,000 | 15% |
| Foundation | 180,000,000 | 6.43% |
| Airdrop | 140,000,000 | 5% |
| Strategic Investor | 100,000,000 | 3.57% |
| Total | 2,800,000,000 | 100% |
Every wallet is verifiable on the block explorer at explorer.aere.network. The total circulating supply visible on-chain matches the whitepaper exactly.
All 16 production contracts, staking, AMM, bridge, identity, governance, NFT marketplace, and the rest, were redeployed on the corrected chain with ownership assigned to the Foundation address. Contract addresses remain consistent with those published in the developer documentation. No external integrations had been built against the v1 chain, so no third-party developers were affected.
The chain running today, chain ID 2800, is Genesis v2. It is the only chain AERE has ever publicly presented to developers and users. The v1 genesis is an internal artifact that never reached public operation. There is no "old AERE" to reconcile with.
We are publishing this account in the interest of transparency. Anyone building on AERE, or considering holding AERE, deserves to know the supply history of the chain they're working with. The 2.8 billion hard cap is set in genesis. It cannot be changed without a chain fork, and any such fork would require community governance. There are no plans for one.
If you have questions about the genesis configuration or the allocation wallets, you can open an issue at git.aere.network.
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