Tokenomics
$GCOINs are the underlying in-game currency that underpins our entire game economy, they are needed for a number of in-game activities all the way from opening loot boxes with keys (won from battles), forging/upgrading weapons and training new Gen 2 fighters. As such it is designed to capture the value from the growth of the ecosystem as the userbase of the game increases and the frequency at which these in-game activities take place also increases.
This is especially the case because of the 150M supply limit of $GCOIN which will take over 3 years to be in full circulation and the deflationary mechanics put in place:
What you can use $GCOIN for: | Cost |
Forging weapons | 300 |
Weapon re-roll | TBD |
Unlocking loot boxes | TBD |
Training 2nd generation fighters | 800 |
Exclusive collab items & skins | Varies |
In-game emoji pack | Varies |
*Costs are subject to change to maintain a healthy $GCOIN economy
There will only be around 3.4M $GCOIN in circulation for the first 2 weeks from IDO, with this number slowly increasing as the $GCOIN from accumulated gaming issuance is slowly unlocked.
-Recovered.png?alt=media&token=1d5be96d-bf6b-4d5e-8f2e-542bfa77b1fb)
40% of all in-game tokens are distributed back to the holders of Genesis Galaxy Fighters, at IDO prices this is at least $30M USD of value, and at the time of writing (3 days after IDO) at least $120M that is given back to the community and believers of the project.
Both the advisors and team members have a 6 month lockup as well as a 36 months vest after the lockup, this ensures interests are aligned. Token buyers from our token sale are also locked up between 1.5 to 3 months from IDO date and vested over 18 months.
Last modified 8mo ago