Griffin Art Ecosystem Token ($GART): Tokenomics and Token Utility
This post discusses how $GART will be allocated and what it can be used for. Read more about the Griffin Art Ecosystem here and check our website.
The total supply of $GART will be 200,000,000,000.
Griffin Art Ecosystem Token Allocation:
- Public Sale (November 14th)
This represents the public sale of the Griffin Art Ecosystem tokens. It will be allocated 18,000,000,000 $GART, a 9% share of total supply.
2. $GART & $GLAND v1 Holders Distribution
55,000,000,000 Griffin Art Ecosystem tokens will be distributed among $GART & $GLAND v1 holders, a 27.5% share of total supply.
3. Marketing
14,000,000,000 Griffin Art Ecosystem tokens will be allocated for marketing activities. These tokens will be locked. (%4 at TGE, 6 Months Linearly)
4. Development
12,000,000,000 Griffin Art Ecosystem tokens will be reserved as funds for further developments. (%4 at TGE, 8 Months Linearly)
5. Game Economy Balancing & Burning
35,000,000,000 Griffin Art Ecosystem tokens will be allocated for Griffin Land Play to Earn Mobile Game rewards and burning mechanism to decrease the circulation supply of Griffin Art Ecosystem tokens. These tokens will be locked. (15% at TGE, 5 Months Linearly)
6. Events & Airdrops
12,000,000,000 Griffin Art Ecosystem tokens will be allocated for advertisements and spreading awareness. (5 Months Linearly)
7. Exchange Liquidity
18,000,000,000 Griffin Art Ecosystem tokens will be used to bridge this liquidity gap and make trading accessible to traders on centralized exchanges. (%25 at TGE, 3 Months Linearly)
8. Team
6,000,000,000 Griffin Art Ecosystem tokens will be allocated to be used for incentivizing Griffin Art Ecosystem employees. 2 Months Cliff, 5 Months Linearly
The rest of the tokens will be available for liquidity, a share 15% of total supply. This liquidity will be locked for 365 days.
Griffin Art Ecosystem Token Utility
$GART is the governance token of the Griffin Land Mobile Game. We gather the use cases of our project into a single token. This will protect our investors, increase the usecases and bring new transactions that will have a positive impact on the price.
Arena Entrance on the Griffin Land Mobile Game
The $GART v2 token is required to participate in the earning system of our unique in-game economy and to participate in online matches with CPU and other users in the arena.
Griffin Land NFTs Purchases
Players must have at least one of the Griffin Land Hero NFTs in order to participate in the Griffin Land Mobile Game with high daily earnings and benefit from our earning system. This requires $GART v2.
In-game Marketplace Purchases
Griffin Land Mobile Game requires $GART v2 to trade items such as in-game boosters, speed boosters, defense boosters, etc.
Griffin Art Wallet
The governance token of our Griffin Art Wallet application we are developing will be $GART v2 and transaction fees will be discounted.
About Griffin Art Ecosystem
Griffin Art is an innovative ecosystem that uses blockchain and NFT technologies, includes the Griffin Land play-to-earn battle game. In Griffin Land, the heroes are unique NFTs and inspired by the mythological characters. Players can go on heroic adventures, fight each other in mythical battles, earn plenty of items and redeemable rewards.
