Collators aggregate parachain transactions block candidates and producing state transition proofs for validators based on those blocks.

Energy Web X is energy blockchain ecosystem powered by Polkadot Relay chain.

website

twitter

github

etherscan

Blockchains (L2)

Energy Web X

# Energy Web X Token incentives Methodology

## 1. Overview

Token incentives for EnergyWeb represents the daily USD value of block rewards distributed to validators through the parachain staking mechanism. This metric quantifies the economic incentives provided to network participants for securing the EnergyWeb blockchain, measuring the total value of native EWX tokens distributed as block rewards each day.

## 2. Data sources

The calculation relies on these underlying data sources:
- **EnergyWeb blockchain events**: Raw event logs from the EnergyWeb blockchain, specifically parachain staking events that record reward distributions
- **Block data**: EnergyWeb block timestamps and block numbers for temporal aggregation
- **Token price feeds**: End-of-day price feeds from CoinGecko for the energy-web-token (EWX) to convert native token amounts to USD
- **Token metadata**: EnergyWeb token specifications including decimal precision (18 decimal places) for proper unit conversion

## 3. Step-by-step calculation

### Component A: Block reward event extraction
- **Purpose**: Identifies and extracts all block reward events from EnergyWeb blockchain activity
- **Logic**: The calculation filters raw EnergyWeb blockchain events to isolate parachain staking rewards by selecting events where the `event_pallet` equals `parachainStaking` and the `event_method` equals `Rewarded`. These events represent the distribution of block rewards to validators participating in the network consensus mechanism.
- **Key fields**: Each reward event contains a `block_number` for identification, `timestamp` for temporal classification, `event_index` for event ordering, and `event_data` containing the reward amount in the second array position

### Component B: Reward amount parsing and aggregation
- **Purpose**: Extracts reward amounts from event data and calculates daily totals
- **Logic**: The reward amount is parsed from the `event_data` array by extracting the value at position 1 and casting it as a numeric value. All reward amounts within each calendar day are summed together, with days determined by truncating the block timestamp to daily boundaries. The aggregation groups rewards by daily timestamp, block number, and includes metadata fields like market sector, business segment, chain identifier, and reward type classification.
- **Key fields**: The core calculation involves the `amount` field extracted from event data, grouped by `daily_timestamp`, with supporting classification fields including `chain_id` set to `energyweb`, `coingecko_id` set to `energy-web-token`, and `reward_type` labeled as `Block rewards`

### Component C: Token unit conversion
- **Purpose**: Converts raw token amounts from blockchain native units to standard token denomination
- **Logic**: The raw reward amounts are converted from microOntology units (uOM) to standard Ontology token units (OM) by dividing each amount by 10 raised to the 18th power. This conversion accounts for the EnergyWeb token's 18-decimal precision, transforming the integer values stored on-chain into human-readable token quantities.
- **Key fields**: The `token_incentives` field contains the converted token amounts in standard OM denomination

### Final aggregation
- **Combining components**: Daily reward totals in native token units are processed through USD conversion using the CoinGecko price feed integration
- **Currency conversion**: The convert_to_usd_cg macro applies end-of-day USD exchange rates for the energy-web-token, multiplying daily token amounts by the corresponding daily price to generate USD-denominated values
- **Time aggregation**: Daily boundaries are maintained throughout the calculation, with timestamp truncation ensuring all rewards within a 24-hour period are aggregated together
- **Final calculation**: The metric represents the sum of all block rewards distributed each day, converted to USD using end-of-day exchange rates, with any missing dates filled with zero values to maintain a continuous daily time series

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Value of native tokens distributed as incentives.

Energy Web XEWT

Token incentives

Token incentives

Competitive landscape

Chain breakdown