Tokenomics
Initial Design
Category | Percentage | Token | Explain |
Flash Mining | 40% | 20,000,000 | 24h Whitelist mining by staking CUBE |
Marketing & Operation | 6% | 3,000,000 | 33% TGE, rest unlock in 12 months (monthly) |
Initial Liquidity | 4% | 2,000,000 | Add liquidity in pairs |
Fundraising | 50% | Up to 25,000,000 | 10% TGE, 3 months cliff, 18 months vesting (monthly) |
Total | 100% | 50,000,000 | Total Initial CORN supply |
Category | Weight | Max Mint | Explain |
Governance | 25% | N/A | Receive CORN by staking CORN in garden |
Farm | 50% | N/A | Farm rewards |
Team & Advisor | 25% | 300,000,000 | 30 weeks vesting |
Current Inflation Rate | 100% | N/A | Daily |
- 1.Treasury Fund Repurchase: 0.03% of the trading fee is kept in a Treasury Address, and the operation team can repurchase the CORN according to the actual market needs.
- 2.IFO Recycling: If Capricorn holds the IFO in the future, the collected LP will be disassembled, and the CORN part will be recycled.
- 3.NFT Recycling: The user pays CORN to establish his own NFT Profile to unlock the Referral Program, Team Battle, and other functions.
- 4.Other Deflation Approach: Reclaim CORN from other services in future.
All CORN tokens above will be transferred to an assigned address which can be tracked on explore.The operation team will burn the tokens regularly by transferring the token to the Zero address.
The block emission reduction and rewards reallocation of CORN will be 100% controlled by the community governance voting, executed by the Capricorn team.
Block Emission Reduction means that when 30 CORN are minted in one block by proposal required, down from 45 CORN/Block, the 15 CORN destruction per block are performed first and then allocated the rest.
It is determined by the community proposals, initially down from 45 CORN per block.
2. Rewards Reduction
Rewards reduction means reducing CORN rewards for a specific service. For instance, lower the Farm 22.5 CORN/Block rewards to 12.5 CORN/Block, and 10 CORN/Block will be burned.
Last modified 8mo ago