Mechanics

the rules for the token and how it is going to work in the DeGens ecosystem.

Supply

  • 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.

DeGens

  • Every DeGen has the ability to mine 1 $(token name) per day.
  • The only way a DeGen can mine $(token name) is via staking.

Second Gen Collection

  • 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.

Burning DeGen

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.