What is the issuance and circulation of Gods Unchained (GODS) coins?

The Genesis Auction, which raised over $14.2 million, distributed 70 million GODS tokens (20% of total supply) to participants in exchange for Wrapped Ethereum (WETH).

Dec 25, 2024 at 05:50 pm

Key Points:

• Genesis Auction:
• Distribution and Tokens:
• Tokenomics and Inflation:
• Tokenomics:
• Community Governance:
• Play-to-Earn and Staking:
• Coin Price Analysis and Performance:

Genesis Auction

GODS token issuance began with a Genesis Auction in February 2021. The auction distributed 70 million GODS tokens, representing 20% of the total supply, across three sale periods.

Participants used Wrapped Ethereum (WETH) for contributions. The auction raised over $14.2 million and made GODS tokens widely available in the market.

Distribution and Tokens

GODS coin distribution is as follows:

• Genesis Auction: 20%
• Private Sale: 10%
• Investment Fund: 5%
• Foundation: 5%
• Team and Advisors: 5%
• Ecosystem Development: 10%
• Community Rewards: 20%
• Gameplay and Rewards: 25%

The total supply of GODS is 500 million tokens. The distribution ensures a diverse token holder base and avoids concentration within a small group of investors.

Tokenomics and Inflation

GODS employs a capped supply model, with a maximum of 500 million tokens. The issuance rate of new tokens is controlled through gameplay and reward mechanisms.

New tokens are minted and distributed through various in-game activities, such as forging cards, winning matches, and completing quests. This structure balances inflation with incentivizing player engagement.

Tokenomics

GODS tokenomics play a crucial role in the ecosystem:

• Governance: GODS holders have voting rights on platform improvements and the allocation of funds for ecosystem development.
• Play-to-Earn: Gameplay rewards are distributed in GODS, incentivizing user participation and skill-based competition.
• Staking: Users can stake GODS to earn additional rewards, support the network, and qualify for rare card drops.
• Deflationary Mechanisms: Forging cards consumes GODS tokens, removing them from circulation and creating a deflationary pressure.

Community Governance

GODS holders participate in a decentralized governance system known as the Forge Council. The council is responsible for overseeing the implementation of strategic decisions and the allocation of community funds.

Community members can submit proposals and vote on issues, ensuring that the development and management of the Gods Unchained platform reflect the desires of the GODS token holders.

Play-to-Earn and Staking

Play-to-earn and staking are key aspects of GODS tokenomics:

• Play-to-Earn: Players are rewarded in GODS for winning matches, completing quests, and forging cards. This rewards skill and participation, creating incentives for active engagement.
• Staking: GODS holders can stake their tokens to earn rewards, support network security, and qualify for rare card drops. This provides additional streams of income for HODLers and helps ensure the stability of the Gods Unchained ecosystem.

Coin Price Analysis and Performance

GODS coin price has exhibited volatility since its launch in 2021. The token has reached highs of over $8 and lows of around $1. Several factors influence price, including market sentiment, adoption rate, and in-game developments.

GODS coin performance is sensitive to news and announcements regarding Gods Unchained platform updates and community governance initiatives. Strong adoption and ecosystem growth can drive demand for the token, boosting its value.

FAQs

• How do I purchase GODS tokens?

  • GODS tokens are available on various cryptocurrency exchanges, including Binance, Coinbase, and Kraken.

• What is the max supply of GODS?

  • The max supply of GODS is capped at 500 million tokens.

• Can I earn GODS tokens in-game?

  • Yes, players can earn GODS through gameplay rewards, such as winning matches, completing quests, and forging cards.

• Where can I stake GODS tokens?

  • GODS tokens can be staked on the official Gods Unchained website or through supported cryptocurrency wallets.

• What are the future plans for GODS?

  • Gods Unchained has ambitious plans for future development, including the launch of new game modes, card expansions, and interoperability with other digital assets and ecosystems.