Base

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

To get the full picture, you need to understand the difference between the two associated tokens:

• $GEM is an ERC20 token with a deflationary twist
• $BOX an ERC721 NFT backed by native ETH.

To claim the accumulated ETH, you have to burn your BOX - triggering the flywheel:

hi frens ° spinning the base flywheel at gembox.wtf 

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.

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:

To tap into the rewards of your BOX NFT, you'll need to burn it.
10% of it will be reinvested in $GEM tokens—half returned to you, half burned to make $GEM deflationary.

Here you can see the current rewards and their initial prices (Final Bid).

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.

➡️  Read the Reward Calculations:

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.

➡️  Read the Reward Calculations: https://docs.gembox.wtf/tokenomics/usdbox-tokenomics/reward-calculations

send me a DC for more info or join the TG

💡 Learn: https://docs.gembox.wtf
🌐 Web: https://gembox.wtf
🖼️ Opensea: https://opensea.io/collection/gembox-wtf
💬 TG: https://t.me/gembox_wtf