-> GYM protocol: GYM-DeFi-Protocol Tokenomics

Tokenomics - The token of the GYM protocol is GYM

Current GYM token price

GYM protocol with the GYM token


340 million (400 million minus 15% team allocation) will be given to the users of the GYM protocol distributed: 60% to users and 40% to liquidity providers. The 60 million for the team allocation are necessary to create the liquidity in exchanges like Pancakeswap.


As soon as the GYM Token has been introduced and the market has been created, users can place BNB / GYM on the market (pancakeswap) and use their LP tokens to farm GYM.


GYM tokens will be issued over the next 4 years according to the calendar we have created. 60% of all tokens that are created in each block go to investors in the vaults and 40% to liquidity providers in pancake.


This means that if we have a vault live, all 60% of the participants' rewards will go to that vault. As more vaults are started, the rewards will be split between them. The same applies to the liquidity premiums, which are initially distributed to a liquidity provider in the BNB / GYM market.


GYM protocol with the GYM token

Possible effects on the price of the GYM token:


Incentives for liquidity providers of the GYM token


Users can provide the GYM / BNB-Tresor in Pancake liquidity . As soon as they do this, they will receive an LP token that can be used on the GYMDeFi website to manage more GYM. 40% of all tokens issued go to liquidity providers.


Buy & Burn the GYM Token


Every time a user buys an investment package: 10% is used to buy GYM from the liquidity pool. The smart contract goes to Pancake, buys and burns these tokens.


Staking Rewards


The Gym Protocol charges a return fee every time a user decides to withdraw their investment. This fee goes to the treasury of the protocol. The treasury is owned by the owners and they can share in this revenue by putting GYM into a contract. What happens in the background is that we use the earned BNB or the token with which the fee is paid to buy GYM and pass it on to the stakers .


Token distribution of the GYM token


15% of the total token emission will be allocated to the team to be used as treasury for further development and to create liquidity for the GYM token . The total emission from GYM will be 400m and the emission will last 4 years. At the end of the period, no more GYM will be issued . Remember that the final amount of GYM will be lower due to the combustion dynamics.




EXCLUSION OF LIABILITY / DISCLAIMER


The author assumes no liability for the correctness, accuracy, timeliness, reliability and completeness of the information.

Liability claims against the author for material or immaterial damage resulting from access to, use or non-use of the published information, from misuse of the connection or from technical malfunctions are excluded .

All offers are non-binding. The author expressly reserves the right to change, add to, or delete parts of the pages or the entire offer, or to cease publication temporarily or permanently, without prior notice. The content made available does not constitute investment advice or investment brokerage. The analyzes are also not to be understood as an invitation to trade but only reflect the opinion of the author. All statements about cryptocurrencies and their possible price development are absolutely non-binding. In the event that users of the site trade based on the idea of ​​analyzes, this is done entirely at their own risk.


Liability for links


References and links to third party websites are outside our area of ​​responsibility. We reject any responsibility for such websites. Access to and use of such websites is at the user's own risk.

Advertising

You are the 47 Visitors