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GLX Tokenomics

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 here.

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:
  • 100% of GLX sent to the Dev address
  • 100% of GLX raised in IFOs
  • 100% of GLX spent on Profile Creation and NFT minting
  • 20% of GLX spent on lottery tickets
  • 3% of every Prediction markets round is used to buy GLX for burning
  • 2% of every yield harvest in the Auto GLXPool
The burning process is currently manual. View burn transactions here.