The GVNR tokenomics model has adopted the best from various historic projects. This is a token driven project. Holders of $GVNR will own an asset which has built in organic deflationary aspects from inception.
Specifically designed with a low total supply of 20 million $GVNR tokens, the protocol drives aggressive deflationary pressure through an innovative EIP1559 inspired automated fee burn mechanism to combat issuance and vesting from day one.
As GVNR is adopted by developers and chains, scaling revenue from protocol fees and transactional volume feeds directly through to $GVNR token holders, through a protocol led, automated buy and burn mechanism.
The vesting schedule below shows how over time this ultra sound money inspired model kicks into gear, as increases in transactional volume and percentage of fees burnt over time leads to more and more aggressive and progressive deflation of $GVNR.
The GVNR Furnace | Deflationary Tokenomics
GVNR Protocol's buy-and-burn mechanism ensures that a portion of the fees collected from network transactions is used to buy $GVNR from the market and burn it. This means the total supply of $GVNR faces constant deflation, which increases scarcity as demand and transactional activity grows.
For more information on the Furnace, Please visit our blog.
Scarce Total Supply
GVNR is capped at a maximum of 20 million $GVNR tokens as a total supply. At TGE the circulating supply is a market leading 50% with 10 million $GVNR. The protocol led buy and burn mechanism ensures deflation of the supply.
Protocol Led Demand
The GVNR Protocol has a automated buy and burn mechanism - this is price and time agnostic and activity through Bancor Carbon's Automated Market Maker on Ethereum mainnet .
The protocol will continuously buy and burn regardless of the broad market conditions.
Deflationary Buy and Burn
The automated buy and burns of $GVNR start immediately from inception as the protocol generates fees. The rate at which this occurs will be controlled by DAO Governance, today this is set at 25% of fees, climbing to 90% of all fees within 10 years.
Fast Vesting Schedule
GVNR is built with community in mind, opting for a fast 18 month vesting period to prioritise growth and expansion.
Long vesting periods and forever drawn out issuance cliffs chosen in the past by the majority of crypto start ups have proved negative for community participants. These legacy issues create uncertainty and poor community sentiment. GVNR is different, community focused.
Model Assumptions
Connecting to GVNR is open and permissionless.
Membership fee per chain: 100K.
Transactions fees: Circa 0.5-10% of gas fees. Chain dependant.
