Tokenomics
Last updated
Last updated
Mine Empire has two tokens: Cosmic Cash (CSC) and Mine Empire (GEM). The two tokens serve different purposes. CSC is the game token: it is needed to buy, upgrade, refine, convert resources all within the game. GEM is the DeFi token: it is used to bribe, stake, profit share, and more.
Mine Empire values fairness, transparency, and being a positive contributor to the crypto economy. Our tokenomics reflect these core values in the following ways: ✅ No token allocations for the team, founders, or VCs. All users have equal opportunities upon game launch. ✅ No lock up wallets. Both of the tokens have a release schedule and no large amount is unlocked on any specific day.
Much of our tokens end up in the treasury one way or another. The treasury has rules that it must abide by whenever making decisions related to these tokens. Some of these rules include: ✅ No open market selling ✅ No giving away of any tokens without receiving equal value ✅ No negative price impact when it comes to adding liquidity
The treasury serves an important role in the protocol. It's main priorities, in this order, are: ✅ Maximize liquidity for CSC ✅ Maximize liquidity for GEM ✅ Create player independent income streams ✅ Maximize protocol runway
While the team does not get any token allocations, they are still allowed to buy tokens in the open market after the launch. We will release monthly reports showing all of the insider transactions and appropriate transaction hashes. Insiders follow a simple rule: they can buy whenever they like, but cannot sell until their transactions have been reported. Currently, insiders include only the team.
The treasury also has the right to perform OTC trades with anyone. In the beginning, the protocol has limited liquidity for CSC and GEM. This means trading of the tokens have a high price impact. OTC trades allow us to give slippage free trades to users, build the protocol owned liquidity and reduce volatility in our tokens. If you would like to do an OTC trade, visit our discord and open an OTC trade ticket.
The protocol can also perform OTC trades with anyone at the team at a 10% premium. So if GEM is worth $50, a team member will receive 20 GEM tokens at a price of $1,100 via OTC.
