GalaxyDefi
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On this page
  • In the Initial
  • Emission rate
  • Per block
  • Per day
  • Distribution
  • Other Deflationary Mechanics

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  1. TOKENOMICS

GLX Tokenomics

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Last updated 4 years ago

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In the Initial

In the initial 10,000,000 GLX will be minted for Airdrop and liquidity pool. Then GLX will be minted to the Farming Pools and Syrup Pools until the reward is reduced to 0.

Anyone has the right to reduce the reward per block by calling the function updateGalaxyPerBlock on the smart contract. You can view its code .

Emission rate

Per block

Block

Emission/block (GLX)

7903480 - 7932280

40

7932280 - 8796280

30

8796280 - 13116280

20

13116280 - 23484280

10

23484280 - 39036280

5

> 39036280

0

Per day

Block

Emission/day (GLX)

7903480 - 7932280

1,152,000

7932280 - 8796280

864,000

8796280 - 13116280

576,000

13116280 - 23484280

288,000

23484280 - 39036280

144,000

> 39036280

0

In addition to the above, a dynamic amount of GLXis also minted to the Dev address at a rate of 9.09%. This means that if 100 GLX are harvested, then 9.09 GLX is minted in addition and sent to the Dev Address.

However, all GLX minted to the Dev address is burned in the weekly burn and never enters circulation. As such, we have not included it in the above emission rate.

Distribution

Distributed to

Amount

Airdrop

9,000,000 GLX

Add liquidity

1,000,000 GLX

Farms

85% of emission

Syrup Pools

15% of emission

Other Deflationary Mechanics

At present, GLX is also burned in the following ways:

The burning process is currently manual. .

here
View burn transactions here