Mechanics
the rules for the token and how it is going to work in the DeGens ecosystem.
- The maximum supply is 3,330,000 $(token name)
- There will be 3 halving periods. Each halving will reduce $(token name) staking rewards by 50%.
- 1: 1,665,000 $(token name) mined.
- 2: 2,497,500 $(token name) mined.
- 3: 2,913,750 $(token name) mined.
- Every DeGen has the ability to mine 1 $(token name) per day.
- The only way a DeGen can mine $(token name) is via staking.
- Every Second Gen has the ability to mine 2 $(token name) per day.
- The only way the Second Gen can mine $(token name) is via staking.
DeGens can be burned by their holder to claim instantly 100 $(token name) held by the treasury.
- If the Treasury doesn't hold enough $(token name), then the burn is queued.
- Only ONE DeGen can be burned per day within the entire collection.
- DeGens that are put in the Burn Queue, cannot be taken back out and will be on queue until it has reached its turn to be burnt.
Last modified 7mo ago