GSYS Tokenomics
Emission rate
Per block
*Effective Emission is in fact slightly below this amount: an additional 4,500 GSYS per day is diverted from the amount allocated to the lottery, and burned.
In addition to the above, a dynamic amount of GSYS is also minted to the Dev address at a rate of 10%. This means that if 1000 GSYS are harvested, then 100 GSYS is minted in addition and sent to the Dev Address.
All GSYS minted to the Dev address is burned in the weekly burn and never enters circulation. This is why, we haven't included it in the above emission rate.
Distribution
Other Deflationary Mechanics
The burning process is currently manual.
As well as the above, GSYS is also burned in the following ways:
0.05% of every trade made on Blue Lotus DAO
100% of GSYS performance fees from ICOs
100% of GSYS spent on Profile Creating and Minting NFTs
20% of GSYS spent on lottery tickets
2% of GSYS of every Harvest in the Auto Genesys Pool
2% of GSYS of every NFT Sale on the Market is used to buy GSYS for burning
100% of GSYS of the fee from Upgrade the NFT Flower to the next color
100% of GSYS sent to the Dev address
4,500 GSYS per day
GSYS Burning
GSYS has a Burn mechanism that once the Tokens are Burned, the Total Supply is REDUCED, guaranteeing those tokens where removed from circulation for good.
To confirm the GSYS Supply:
Go to the GSYS token contract on BscScan and see the Transactions "Burned" where it shows how many tokens where Burned and reduced from the Total Supply.
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