Tokenomics
Effective token economics are crucial as they significantly influence the network's functionality and value.
Unlike traditional models that rely on speculation, our new tokenomics utilize a data-driven strategy to enhance representation, reward mechanisms, and validation within the GameChain network.
Token Migration
Migration Overview
The Gamestarter $GAME token is migrating to a new smart contract to align better with the evolving activities and practices within the GameChain ecosystem.
Migration Details
The conversion rate is 1:10, meaning for every 1 $GAME token migrated, the holder will receive 10 new $GAME tokens.
This migration will not cause supply inflation as the existing $GAME tokens must be converted to new ones, ensuring a controlled supply chain on the new contract.
The new $GAME token will have a total fixed supply of 1 billion (1B) tokens, with no provisions for minting additional tokens in the future.
New Token Utilities
The $GAME token will continue as the native token of the GameChain network, maintaining its functionality as a launchpad token. During the network migration, the role of the $GAME token will expand to support various operations within the network.
The $GAME token will be used as a native gas token to execute transactions within the GameChain network.
Validators who contribute their computing power to maintain network integrity will receive rewards in $GAME tokens as an incentive for their commitments.
The token will also play a vital role in various other network activities, ensuring the growth of GameChain network and it's sustainability.
These roles are designed to enhance the utility of the $GAME token within the GameChain ecosystem, making it a cornerstone of network operations and expansion.
New $GAME Allocation Distribution
The allocation distribution plays a pivotal role in the monetary policies of a token.
30.2% of the current circulating supply will be migrated in the same proprtion to the new contract.
25% reserved for the Node System.
15% designated for the Team.
6% designated for the Advisors.
8.75% allocated to the Investors.
10% allocated to Liquidity.
5% allocated to Marketing.
The Release Schedule
The vesting release schedule stands as the main monetary policy, having significant influence over the pace, speed, and flow of newly introduced tokens into the system. This essential procedure holds profound significance within our tokenomics framework, serving as a cornerstone for our economic fundamentals.
We've redesigned the $GAME token to have controlled inflation, guaranteeing equitable distribution between our stakeholders and ensuring decentralization among our token holders and participants of the ecosystem.
Controlled Emissions & Deflationary Model
The $GAME token incorporates a deflationary supply mechanism, which is executed through three main strategies:
Fixed Supply Limit
The new $GAME token has a total fixed supply of 1 billion tokens with no provision for minting additional tokens in the future, capping the maximum number available and preventing inflation.
Mandatory Migration
Existing $GAME tokens must be converted to new tokens, preventing any increase in total supply during the migration process, as old tokens are decommissioned and new tokens are issued at a controlled rate.
Any $GAME tokens that have been lost up to this day will not be able to be migrated, thus immediately reducing the potential circulation of $GAME tokens.
Utility-driven Burn Mechanism
As the $GAME token is used as a native gas token for executing transactions, part of the transaction fees will be burnt, which decreases the total supply over time, contributing to deflationary pressure.
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