Mint Details & Tokenomics
Minting soon!
Starting Mint Details
2500 total starting supply
2000 available for public to be minted at 0.02e each.
300 allocated to Core Team (this 300 will be staked, $GOLD claimed will be used to mint new Knights and restaked. Will never be listed or sold).
200 allocated for marketing, operations and collaborations.
There is a 90% chance to reveal a Knight and a 10% chance to reveal a Dragon.
After the initial 2500 NFTs have been minted at 0.02e, more Knights and Dragons can be minted, but only with $GOLD.
After the first 2500 supply has been minted, players can stake their Knights and Dragons to earn $GOLD.
$GOLD Mint Details
For $GOLD mints up to a total supply of 5,000, $GOLD mints are priced along a linear bonding curve. From 5,000 mints onwards, $GOLD price per new mint will be switched to a dynamic dutch auction pricing model based on historical pricing and existing demand. This means that the cost to mint a new NFT will be based on the current market demand and adjusted accordingly for the next day.
Here is a table illustrating the cost to mint a new NFT:
0
2,500
0.02e
2,501
2,750
10 $GOLD
2,751
3,000
12 $GOLD
3,001
3,250
14 $GOLD
3,251
3,500
16 $GOLD
3,501
3,750
18 $GOLD
3,751
4,000
20 $GOLD
4,001
4,250
22 $GOLD
4,251
4,500
24 $GOLD
4,501
4,750
26 $GOLD
4,751
5,000
28 $GOLD
5,001
100,000
30 $GOLD starting point into dynamic dutch auction pricing model
Dynamic Dutch Auction Pricing Model (DDAP)
This innovative DDAP pricing model will allow us to price the cost of a new NFT according to the latest market demand. P2Es are inherently flawed as you never know how the market will react to changes in the supply and demand of NFTs vs the changing supply of $GOLD. By introducing the DDAP model, we are able to adjust accordingly to what the market wants.
This is how it works:
Last 24 hour # of mints / last 120 hour # of mints divide by 5) = % change in mint.
Next day $gold mint price = previous day mint price x % change in mint
Daily % change is capped at 5% per day.
DDAP will start at a minimum floor of 30 $GOLD. The minimum DDAP floor will increase by 0.5 $GOLD every 24 hours.
Note: GG team reserves the rights to make changes to the formulas to better adapt to moving market conditions.
Tokenomics
$GOLD is not a security. Its only use is purely within the Game of Gold ecosystem as an in game currency.
A total of 10,000 $GOLD will initially be minted for the sole purpose of bootstrapping the LP. Excess will be burned.
Team does not have any $GOLD allocation. We do not have the intention nor future plans to ever mint or vest $GOLD for the Team.
$GOLD is a no tax token, 0% buy/sell/transfer tax.
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