👨⚖️ $GBOOMAS
GBOOMAS
$GBOOMAS is the governance token for XMAS PAST.
To Receive
- You will be able to obtain the $GBOOMAS token soon after the farm begins through a dividend vault provided by the platform.
Valuability
- The $GBOOMAS token will not have set liquidity and will have no intrinsic value; meaning that you will not be able to sell or buy it.
Usage
- Through the $GBOOMAS token, you will be able to earn additional dividends, vote for future partnerships, as well as having a say in future changes to the project.
$GBOOMAS Dividend/Earning
$GBOOMAS will begin 10 days after farming has begun and will have a slightly different earning cycle. We will be setting a Burn Fee - something like a deposit fee to be able to earn $GBOOMAS.
1st Round: Burn Fee - 5%
2nd Round: Burn Fee - 10%
3rd Round: Burn Fee - 20%
4th Round: Burn Fee - 30%
5th Round: Burn Fee - 40%
6th Round: Burn Fee - 50%
The total supply of $GBOOMAS will be split into 6 rounds of distribution. Each round lasting approximately 2-3 days. The rationale and purpose of this, is to induce an increasing value aspect as well as a burning mechanism for $XPAST. Meaning simply that earning $GBOOMAS on later rounds would be more expensive, but because of the additional cost, theres a game theory opportunity of earning more $GBOOMAS as well.
Example:
Hypothetically, the total supply would be 60k amount of $GBOOMAS, each round would earn a maximum of 10k $GBOOMAS.
Stake $XPAST for $GBOOMAS for 1st round -> Burn 5%, which means staking 100 $XPAST will burn 5 $XPAST.
Which each round having an increasing Burn Fee, this makes later rounds harder to earn more $GBOOMAS.
Last modified 5mo ago
Copy link
Contents
$GBOOMAS Dividend/Earning