Tokenomics

Initial Token Allocation

The initial token supply will be minted and allocated as below:

Total token supply is 500,000 tokens. Minted as follows:

• 90% - 450,000 tokens - Distribution Pool: This is how we will pay for rewards. The current payout for nodes is 0.1 $ENC per day.

• 8% - 40,000 tokens - Operations Pool: Used for protocol upkeep, talent acquisition (hiring developers, mods, graphic designers), and funding marketing campaigns to increase project awareness. This includes team allocation of 2%. The team have not sold any of their allocation.

• 2% - 10,000 tokens - Liquidity Pool: Deployed to create a Joe LP. Initial liquidity was $5k USD denominated in AVAX resulting in a launch price of $0.50. Liquidity was locked on launch with DX Sale for 90 days and will be extended further if migration is deemed not to be required.

400,000 tokens were burned from the Distribution Pool on 26 March 2022. As of 28 March 2022, the Distribution Pool now holds 50,000 tokens. This still provides a sufficient reward runway of more than 1 year, assuming 1,000 nodes created. This was done to reduce circulating supply and market capitalisation to benefit holders.

Taxes and Restrictions

We believe in creating low barriers to entry and exit for our investors. To this end there will be no buy tax, and no sell tax.

A claim tax of up to 10% may be implemented to reduce sell pressure as needed and if supported by community vote.