Skip to main content

Legacy DIESEL Distribution

This page documents the original distribution mechanism for DIESEL before the contract upgrade at block 909,861.

How to Get DIESEL (Legacy Method)​

Submit the First tx in a Block to Mint Transaction​

  • Anyone could broadcast a transaction that calls the DIESEL contract in a given block.
  • If your transaction was included before anyone else's, you claimed that block's DIESEL reward.
  • Initially, this was more open—over time, miners or other participants might pay closer attention.

Acquire from Existing Holders​

  • Once DIESEL started circulating, you could obtain it via peer-to-peer trades, AMMs on ALKANES (e.g., Oyl Swap), or other secondary markets.
  • All standard Bitcoin transaction fees still applied—no extra DIESEL fees.
  • Because ALKANES runs purely on Bitcoin, the mint process and transfers all occur on-chain, secured by Bitcoin's consensus.

DIESEL Distribution Overview (Legacy)​

Total Supply: 1,562,500 DIESEL

Block 880,000: Official Launch​

DIESEL went live when block 880,000 was mined. At this point, the ALKANES indexer started looking for protocol messages—including transactions calling the DIESEL contract.

Jump Start (Blocks 800,000 → 880,000)​

Instead of letting those blocks be minted retroactively, a one-time allocation of roughly 28% of the total DIESEL supply (i.e., 440,000 tokens) was made at block 880,000.

This allocation was earmarked for the OYL protocol team and select community airdrops.

Remaining ~72%​

  • Claimed block-by-block in real time as Bitcoin blocks were mined.
  • Anyone could submit a mint transaction—no pre-sale, no VC allocations.

Why the Jump Start?​

The jump start covered blocks 800,000 to 880,000, mirroring what Bitcoin's subsidy would have produced in that window. Instead of distributing it block-by-block, that chunk was allocated at once. This granted:

  • Driving adoption and Utility for ALKANES development
  • Community Engagement through airdrops to early adopters across Bitcoin-based ecosystems.