GSYS Tokenomics
Last updated
Last updated
Metric
Emission/block (GSYS)
Emission/day (GSYS)
Emission
3
86,400
Burned Weekly
-1.8
-56,440
Effective Emission
<1.2*
29,960*
*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.
Distributed to
Reward/block (% of emission)
Reward/block (total GSYS)
Reward/day
Farms and Lottery
15%
0.45
12,960 (approx)
of which diverted and burned
-4,500
Pools
25%
0.75
21,600 (approx)
Total Daily GSYS Emission
29,860 (approx)
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 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.