🎆Emission and Deflation

Token emission and deflation

Emission:

Distributed by the block, new SPACE will be issued when the farm rewards is harvested. The harvested SPACE will be converted automatically to xSPACE as the reward.

Deflation:

• 10% of the emission of block belongs to DAO, locked and used by community governance.

• 50% of SPACE will be burned if the xSPACE is unbonded instantly.

• 90% of Space Bridge fee (transfer rate) will be burned and 10% will be allocated to NFT Bonus (70%) & DAO (30%) in the original chain.

• 1/3 of the swap fee is used to buy back SPACE, 50% is directly burned and 50% is used as platform fee (70% for NFT bonus and 30% for DAO locked).

• 90% of SPACE paid for minting NFT is directly burned and 10% is used as platform fee (70% for NFT bonus and 30% for DAO locked).

• 5% of the NFT marketplace trading volume is used as platform fee (70% for NFT bonus and 30% for DAO locked).

• 90% of the SPACE paid for creating spacebases or increasing the quota of members will be directly burned and 10% will be used as platform fee (70% for NFT bonus and 30% for DAO locked).

• For some single farm pools, if the rewards is harvested within 30 days, 50% of the rewards will be used as the platform fee (70% for NFT bonus and 30% for DAO locked).

• Using LP tokens to raise funds for the project in Starter, the raised SPACE tokens will be burned.