Part 10: GFAM Token Supply and Distribution Mechanics

GFAM Token Supply and Distribution Mechanics

Max Supply and Annual Distribution: The GFAM token has a maximum supply cap of 3 billion tokens. Every year on July 28th, starting from the inception of the token, 100 million GFAM tokens are scheduled to be deposited into the airdrop for users participating in Proof of Physical Activity (PoPA) mining. This annual infusion is designed to ensure a steady supply of tokens for user rewards and platform engagement.

Time Machine Lock-up: On June 9th, 2024, a significant portion of the GFAM tokens, amounting to 2.5 billion, will be locked in a "time machine" — a smart contract designed to hold tokens securely and release them according to preset conditions. This mechanism is set to release 100 million tokens annually, aligning with the airdrop schedule.

Vault Holdings and Conditional Releases: In addition to the time machine, 160 million GFAM tokens will be retained in the GetFit Mining Vault. This reserve serves as a buffer to supplement the airdrop under specific conditions. If, on July 28th of any year, there are at least 100 million GFAM tokens available in the vault, the scheduled release from the time machine will be suspended. This policy is designed to manage the circulating supply actively and prevent market oversaturation.

Token Recycling Mechanism: The GFAM tokens are returned to the vault through a recycling mechanism where:
- 10% of the GFAM used to mint miners are redirected back to the vault.
- 20% of all GFAM expended in purchases or as in-app transaction fees are also reclaimed.

This recycling helps replenish the vault stocks, sustaining the ecosystem's economy and enabling the continued rewarding of active users without needing to release additional tokens from the time machine prematurely.

Scenario for 2024-2025: For instance, on July 28th, 2024, the time machine will not release the planned 100 million GFAM tokens to the airdrop because the vault already contains this amount. To prepare for the next year's deposit into the airdrop on July 28th, 2025, the vault will need to collect an additional 40 million GFAM, ensuring that by that date, it holds at least 100 million tokens to either support the airdrop directly or justify withholding a time machine release.

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