Tokenomics
Gravity has a token emission structure based that is directly tied to the player growth and the liquidity of the token to help incentivize a healthy economy. Initially $GRAV has a token supply of 1,965,000,00. Going forward, there will be an emission model until a maximum supply is reached of 5,000,000,000 GRAV tokens. The inflation of GRAV tokens has a maximum of 40 $GRAV per $5 USD worth of in-game spending.
$GRAV token emissions are regulated on both an economy wide level as well as on an individual level. The below table outlines the economy wide inflation control mechanism:
% of Supply Staked | <10% | <= 20% | <= 30% | <=50% | >50% |
---|---|---|---|---|---|
% of emissions | 0% | 20% | 50% | 80% | 100% |
What this means is there needs to be at least 50% of the current $GRAV circulating supply staked either via liquidity provision on Uniswap, or via the Gravity Scholar Program for the maximum inflation rate of 40 $GRAV per $5 USD worth of in-game purchases. Using the above table, if only 37% of the $GRAV circulating supply is staked, then the inflation rate is set at 80% of 40, which is 32 $GRAV per $5 USD worth of in-game purchases. Using this model, economy wide inflation is tied and constrained by two main metrics:
Volume of in-app spending by active gamers
Percentage of circulating supply staked
Tokens distributed are split between liquidity providers and active players based on the below distribution.
Stakeholder | $GRAV per $5 USD of IAP | % of Emissions |
---|---|---|
Active Players | 30 | 75% |
Liquidity Providers | 10 | 25% |
Liquidity Providers are able to boost their rewards by dual-staking Hero NFTs with their LP tokens. Boosts attained by the Hero NFTs are based on their level, quality of equipped Loot items as well as their Prestige Level.
In-App Purchases
A portion of in-app purchases are paid exclusively in $GRAV such as Primal Nether purchases. 80% of tokens will be added to the reward stream on top of the aforementioned $GRAV emission model outlined above. The remaining 20% will be burned by the platform.
Staking Boosts
Liquidity Providers are able to boost their rewards by dual-staking Hero NFTs with their LP tokens. Boosts attained by the Hero NFTs are based on their level, quality of equipped Loot items as well as their Prestige Level, as shown below:
Staked Hero NFT | Boost Percentage |
---|---|
Level 20 | 25% |
Level 30 | 35% |
Level 40 | 50% |
Level 50 | 75% |
Level 60 | 150% |
Level 70 | 300% |
Level 80 | 600% |
Level 90 | 850% |
Level 100 | 1500% |
The following table outlines the staking power boost that applies to a Hero based on each Loot item that is equipped and it’s quality:
Loot Item Quality | Boost Percentage |
---|---|
Uncommon Loot | 5% |
Rare Loot | 15% |
Rare Loot Ascended Level 1 Loot | 25% |
Rare + Loot | 30% |
Rare + Ascended Level 1 Loot | 40% |
Rare + Ascended Level 2 Loot | 50% |
Epic Loot | 55% |
Epic Loot Ascended Level 1 Loot | 65% |
Epic Loot Ascended Level 2 Loot | 75% |
Epic Loot Ascended Level 3 Loot | 85% |
Epic + Loot | 95% |
Epic + Ascended Level 1 Loot | 105% |
Epic + Ascended Level 2 Loot | 115% |
Epic + Ascended Level 3 Loot | 125% |
Epic + Ascended Level 4 Loot | 135% |
Legendary Loot | 150% |
Legendary Ascended Level 1 Loot | 160% |
Legendary Ascended Level 2 Loot | 170% |
Legendary Ascended Level 3 Loot | 180% |
Legendary Ascended Level 4 Loot | 190% |
Legendary Ascended Level 5 Loot | 200% |
Mythic Loot | 275% |
Mythic Ascended Level 1 Loot | 285% |
Mythic Ascended Level 2 Loot | 295% |
Mythic Ascended Level 3 Loot | 305% |
Mythic Ascended Level 4 Loot | 315% |
Mythic Ascended Level 5 Loot | 325% |
The following table outlines the staking power boost that applies to a Hero based on the Prestige Level that it has achieved:
Prestige Level | Boost Percentage |
---|---|
1 | 5% |
2 | 10% |
3 | 15% |
4 | 25% |
5 | 35% |
6 | 60% |
7 | 85% |
8 | 120% |
9 | 150% |
10 | 200% |
11 | 250% |
12 | 300% |
13 | 450% |
14 | 600% |
15 | 1000% |
It's important to note that these boost percentages are additive, as outlined in the below scenario:
LP Staker provides liquidity and currently has 1/10 of the liquidity on the Uniswap Pool.
Archon is an LP staker that provides liquidity currently as 10% of the liquidity on the Uniswap Pool
Archon purchases a Level 40 Soul Reaper that has achieved Prestige Level 3
This soul reaper has 8 equipped loot items, 4 Uncommon, 3 Rare and 1 Rare+ items.
This NFT now provides the following staking boost:
Staking Boost % = Prestige Level 3 + (4 x Uncommon Loot) + ( 3 x Rare Loot) + Rare+ Loot + Level 40 Boost Staking Boost % = 15% + (4 x 5%) + ( 3 x 15%) + 30% + 50% = 15% + 20% + 45% + 30% + 50% Staking Boost % = 160% So going back to the LP provider that originally had a right to 10% of the LP reward emissions. If they dual stake this Soul Reaper NFT with their LP tokens, their new share of emissions: 10% + (160% x 10%) = 10% + 16% = 26%
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