SpaceFi
  • SpaceFi Intro
  • Community Governance
  • Security and Transparency
  • Contracts & ABIs
  • Roadmap
  • Help sections
  • Contact Us
  • PRODUCTS
    • 💫Trading
      • How to trade
      • Liquidity Pool
      • How to add/remove liquidity
    • ✨Farm
      • Staking LP
      • Unstake LP
      • Harvest
    • 🎡NFT System
      • How to mint NFT
      • How to stake NFT
      • How to trade NFT
    • 🚀Starter
      • How to take part in Starter
    • 🕍Spacebase
      • Create a Spacebase
      • Join a Spacebase
    • 🌉SPACE Bridge
    • ⚛️Validator (Evmos)
      • 🦸For delegators
      • 🧑‍🚀For community
  • 🎼Tokenomics
    • ⭐SPACE TOKEN
    • 🌟xSPACE TOKEN
    • 🪐PLANET NFT
    • 🎆Emission and Deflation
Powered by GitBook
On this page
  • Token emission and deflation
  • Emission:
  • Deflation:
  1. Tokenomics

Emission and Deflation

PreviousPLANET NFT

Last updated 2 years ago

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.

🎼
🎆