What is Ancient8 (A8)’s token economics model?

Ancient8's dual-token system employs GE8 for ecosystem governance and staking while utilizing GTA as the in-game currency for purchases, rewards, and NFT transactions.

Dec 20, 2024 at 07:18 pm

Key Points:

• Ancient8's tokenomics model is designed to drive the growth and sustainability of the ecosystem while rewarding token holders.
• The model incorporates several mechanisms, including a dual-token system, token allocation, and vesting schedules.
• The native token, GE8, serves as the primary utility and governance token, while GTA acts as an in-game currency.

Tokenomics Model:

1. Dual-Token System:

Ancient8 operates a dual-token system comprising GE8 (Governance and Ecosystem) and GTA (Gaming and Transactional Asset).

• GE8: The primary utility and governance token used for various purposes, including platform governance, staking, and rewards. Holders can participate in decision-making and earn rewards through staking.
• GTA: The in-game currency used for purchases, rewards, and interactions within the Ancient8 ecosystem and partner games. It enables users to participate in gaming experiences and earn rewards.

2. Token Allocation:

The total token supply is allocated as follows:

• Seed Round: 12%
• Private Round: 20%
• Public Sale: 10%
• Ecosystem: 20%
• Team and Advisors: 13%
• Partners and Collaborators: 5%
• Community Building: 10%
• Reserve: 10%

3. Vesting Schedules:

Vesting schedules vary for different token holders:

• Seed Round: 5% unlock at TGE, then 2.5% monthly over 36 months.
• Private Round: 10% unlock at TGE, then 2.5% monthly over 36 months.
• Public Sale: 10% unlock at TGE, then 2.5% monthly over 36 months.
• Ecosystem: Released according to milestone achievements and ecosystem growth.
• Team and Advisors: Gradual vesting over 3 years, with monthly unlocks based on performance.
• Partners and Collaborators: TBD
• Community Building: Released through airdrops, contests, and community events.
• Reserve: Used to support ecosystem development, strategic partnerships, and unforeseen contingencies.

4. Token Use Cases:

GE8:

• Governance voting
• Staking for rewards (both GE8 and GTA)
• NFT purchases and subscriptions
• Marketplace trading fees
• Access to exclusive events and rewards

GTA:

• In-game purchases and transactions
• Rewards for participating in games and activities
• Cross-game compatibility
• NFT purchases and sales within the ecosystem

FAQs:

1. What is the purpose of the dual-token system?
The dual-token system separates governance and utility functions, allowing GE8 to focus on ecosystem growth and governance, while GTA serves as the primary in-game currency.

2. How does staking work in the Ancient8 ecosystem?
Staking GE8 allows token holders to earn rewards in both GE8 and GTA. The rewards distribution is based on the amount of GE8 staked and the duration of the staking period.

3. What is the use case for GTA?
GTA is the in-game currency used for purchases, rewards, and transactions within the Ancient8 ecosystem and partner games. It enables users to enhance their gaming experiences and earn rewards through gameplay.