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CC A new framework for measuring app rewards
CIP-0104 was originally scheduled to be launched on the Canton Network on August 18 and aims to make major adjustments to the way select app rewards are calculated. However, according to the Canton Network official forum, the proposal could not be approved and it was impossible to activate traffic-based application rewards on the chain. Only the relevant Daml model was enabled that day. If the traffic-based reward accounting function is to be fully activated, it still needs to wait for a separate governance vote.
The proposal was written by Simon Meier and was adopted at the governance level in February 2026. Its core goal is to replace the original activity markers with a simpler measurement method. As the CIP specification states, the proposal wants to "base the rewards of an application on the traffic it actually generates, which comes from (sub) transactions that change the state of application management." Under the new model, rewards will be calculated directly based on traffic attributed to app activity on the global synchronizer, eliminating the need for application developers to manually create activity-marking contracts.
Two aspects of $CC distribution and their gaps
The new framework allows $CC distribution to be more clearly divided into two separate parts. On the one hand, it is linked to network usage and covers selected applications and verifiers. Applications submit tasks through verifiers, who purchase traffic with $CCs, and these $CCs are destroyed. When the destruction amount is equal to the corresponding circulation amount, from the perspective of net supply impact, the impact on the user side is roughly zero.
On the other hand, it is completely divorced from network usage. Super Verifiers and Development Funds receive $CC on a discretionary basis rather than based on traffic activities. According to Modulo Finance, circulation on this reward side can reach up to approximately 24% of planned circulation. To narrow this gap, we need to rely on continuous paid traffic generated by real product demand, rather than rewards allocated by governance.
Canton Coin white paper points out that at the steady-state release level of the model, approximately 2.5 billion $CC needs to be destroyed each year to maintain a stable circulation supply. If the annual destruction volume exceeds this value, the supply will shrink; otherwise, the supply will expand. Once fully activated, CIP-0104 will further strengthen the correlation between the actual behavior of the application on the chain and the rewards it receives, allowing net circulation to be read more directly from on-chain traffic data.
Canton introduced CIP-0104 to shift application rewards to traffic-based measurement. Under this model, rewards are closely tied to observed transaction traffic, thereby more directly linking token issuance to network usage.
