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GEN Tokenomics
GEN is a token used for governance and utility within the Generation Ecosystem.
Generation provides an inflation and deflation model for the GEN token to ensure stable liquidity within the Ecosystem.
Token name | Generation |
Ticker | GEN |
Total supply | 3,790,000,000 |
Contracts (Ethereum) | 0x179b734D0291Fa9E3a4728C7c27866EE25CCC3e0 |
Contracts (Arbitrum) | - |
- Currency - Used as a currency within Timelockers, 3 Seconds Club, and the Ecosystem
- Gate Keeper - Provide permissions such as VP (Voting Power), Group Channel Owner, etc. for GEN Staking
- GEN Reward - Payment of Staking Rewards
- Governance - Participation in the DAO organization of the GEN Ecosystem
Timelockers
3 Seconds Club
- Escrow(OTC) Transaction Fee : 2%
- Escrow(dShop) Transaction Fee : 1%
- Lottery Transaction Fee : 2%
- Escrow(OTC) Transaction Fee : 2%
- Lottery Transaction Fee : 2%
- Chat Period Extension Cost
- Chat Room Setting Change Cost
- Gate Keeper Reward
- Fever Staking Reward
GEN products are monetized with transaction Fees, and a portion of that revenue is designated to be transferred to the GEN Burn Fund (GBF) for token burning. Rewards generated from Gatekeeper and Fever Staking are offset to balance the liquidity supply in the Generation Ecosystem.
Last modified 5mo ago