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Phewz
@phewz
gembox's ($GEM + $BOX) tokenomics is a game of strategy, not chance. First mover tech on /base with very very novel ideas to combine ERC20 + ERC721 Some casts about gembox.wtf
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Phewz
@phewz
To get the full picture, you need to understand the difference between the two associated tokens: ā¢ $GEM is an ERC20 token with a deflationary twist ā¢ $BOX an ERC721 NFT backed by native ETH. To claim the accumulated ETH, you have to burn your BOX - triggering the flywheel:
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Phewz
@phewz
gembox creates a tokenomic playground, where $BOX NFT auctions feed ETH rewards to current holders of both, $BOX and $GEM in an interesting flywheel mechanism. It's using the Nouns auction house contract to create a loop where strategy beats luck, every 6 hours.
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Phewz
@phewz
Every sale of a BOX rewards holders: BOX is engineered to gather rewards fuelled by the ETH received from auction bids. Imagine there are 11 NFTs floating around, and the upcoming auction for a new NFT closes at 5 ETH. This 5 ETH is then allocated across the 11 existing NFTs:
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Phewz
@phewz
To tap into the rewards of your BOX NFT, you'll need to burn it. 10% of it will be reinvested in $GEM tokensāhalf returned to you, half burned to make $GEM deflationary. Here you can see the current rewards and their initial prices (Final Bid).
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Phewz
@phewz
The special part: It's not your typical ponzi where "we're early" wins. The gembox reward system is a masterclass in tokenomics. NFTs are ranked and rewarded in ETH progressively, newer ones fetching more. ā”ļø Read the Reward Calculations: https://docs.gembox.wtf/tokenomics/usdbox-tokenomics/reward-calculations
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Phewz
@phewz
send me a DC for more info or join the TG š” Learn: https://docs.gembox.wtf š Web: https://gembox.wtf š¼ļø Opensea: https://opensea.io/collection/gembox-wtf š¬ TG: https://t.me/gembox_wtf
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