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.
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.
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