GT3-english
GT3-english
GT3-english
  • 👋INTRODUCTION
    • Team
    • Manifesto
  • ⬜WHITEPAPER
    • Definitions
    • Pains and motivations
    • Business model
      • Fees generation
      • Markets generation
      • Holding strategies on GT3
    • Tokenomics
    • DEX services
      • Mobile-first
      • Onramp from fiat
      • Swap tokens
      • Passive Income (xGT3)
      • Voting service
      • Liquidity service
      • Explore service
      • Wallet service
    • Roadmap
  • ℹ️ADITIONAL INFO
    • Contracts directions
    • Official links
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  1. WHITEPAPER

Tokenomics

Stakeholder
Total (GT3)
%
Comments

Incentives (vault)

60M

30%

Designated to incentivize LPs (10y)

DAO Treasury

15M

8%

Project support (Mkt, Dev...)

Tutellus

10.2M

5.1%

Maximum lock and 100% as xGT3

Airdrop

107,5M

54%

Designated to create xGT3 & LPs

Genesis Liquidity Pool

2M

1%

First pool creation, GT3-USDT

Incentives to GT3 lockers

5,3M

2%

Incentives to GT3 lockers (1 year)

Total

200MM

100%

In this way, from the very TGE (dec 24), 70% of the tokens are already in circulation, with only the tokens from the incentives vault remaining to be released, introducing decreasing inflation between 4.2% in year 1 and 3.3% in year 10.

Incentives (vault) Tokens located in the vault will be released gradually over 10 years (until December 2034). They are intended for the LPs of the different pools, based on the votes allocated by the GT3 lockers.

DAO Treasury The DAO will make decisions proposed by its members to optimize the project’s roadmap in areas such as marketing, development, etc.

The cash flow generated in each cycle (15% of the fees) will be reinvested in the pools of the following cycle or used to hire third-party services.

Tutellus Tutellus, as a former and one of the project promoters, transfers 60% of its token holdings to the DAO and retains the remaining tokens like any other holder. Tutellus will lock the received token package as xGT3 in the maximum amount and duration.

Airdrop Tokens will be distributed to TUT holders across various scenarios: in wallets, staking or farming of the former token TUT from Tutellus. The goal is for holders to either use the GT3 they receive to create xGT3 or provide liquidity to pools with the GT3 pair.

Genesis liquidity pool Tokens are allocated to create the first liquidity pool on the DEX in pairs against USDT. Tutellus, as a company, will provide the necessary USDT and receive the corresponding GT3.

Incentives for GT3 lockers Tokens are allocated to incentivize the GT3 liquidity pools in the first 12 cycles (1 year). GT3 lockers will have extra incentives from the first month to vote for these pools.

3. Incentive Issuance, Inflation, and Rebase

Given that GT3 starts with approximately 70% of the token supply in liquid form, the only tokens remaining to be released are those allocated as incentives for providing liquidity, which is located in the Vault (60M). The release process for the LPs will be gradual, based on the following variables:

Total supply
200.000.000

Initial supply

140.000.000

Monthly emission

1.400.000

Monthly decay

2,50%

Total supply month 120

199.980.782

This way, the incentives for LPs will decrease by 2.50% each month, starting with 1.4M GT3 in the first cycle and gradually decreasing until cycle 120, when 68,814 GT3 will be issued. Illustrated as follows:

Rebase.

To prevent GT3 lockers from being negatively affected by the issuance of the previous GT3, we introduce the concept of Rebase: a constant issuance of GT3 claimable by GT3 lockers to avoid their dilution with the new issuance. The Rebase is synchronized with the issuance of GT3 from the vault via a specific smart contract, ensuring that the voting power of GT3 holders remains stable even as new currency is generated in the ecosystem. For calculations, we assume that 50% of the liquid supply of GT3 will be locked to create xGT3. Illustrated as follows:

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Last updated 1 month ago

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