9. Tokenomics
Last updated
Last updated
GET's tokenomics adopts a single-token economy, centered around a voting mechanism to support entertainment projects and intellectual property (IP). This system enables fans to directly engage with the projects they support, fostering greater activity across the ecosystem. With a total supply of 10 billion tokens, the framework ensures a sustainable and transparent ecosystem.
GET is designed to be simple, utilizing a single type of token to support the entire ecosystem. This token plays roles in governance, rewards, and payment within the entertainment market, and is designed to be user-friendly and highly convenient.
By adjusting the amount of tokens in circulation according to the scale of the projects, token scarcity is ensured, maintaining its value over the long term. The limited supply enhances liquidity through transactions and incentives within the ecosystem, promoting sustainable growth.
A major attraction of GET is that fans can decide which projects or creators to support within the ecosystem. This enables token holders to support projects alligned with their values and interests, fostering direct engagement.
Project Selection through Voting: Token holders decide which projects and IPs receive support from the ecosystem through voting. This allows fans to actively contribute to the development of the entertainment market.
Determination of Support Methods and Schedules: For those projects that are selected to receive support, the method, scale, and schedules of support will also determined through voting. This process allows fans to have a direct impact on the development of the ecosystem, strengthening the community’s collective ability to support the project.
Enhanced Liquidity through Project Activation: The more active projects, creators, and fans within the ecosystem, the greater the liquidity of the tokens. As user engagement with projects increases and transactions become more active, the token value rises. This mechanism accelerates the growth of the entire entertainment industry.
GET has extensive utility within the ecosystem, providing fans numerous incentives. This enables token holders to go beyond a mere holders and actively participate in the entertainment industry.
Gas Fee Payment: Native tokens are used to execute transactions and contracts within the entertainment ecosystem. The Cardano’s PoS model enables transactions to be carried out with extremely low gas fees.
Staking: Earning additional rewards through token staking encourages long-term user engagement. The staking reward system enhances fan incentive and ensure network stability.
Governance: Token holders can participate in project decision-making through the governance function, allowing them engage in key decisions such as the selection of projects to support and the allocation of funds via voting.
Token payments: GET is also utilized as a payment method for event tickets, merchandise purchases, and access to exclusive contents, etc. GET can be used throughout the entire entertainment experience, creating a seamless ecosystem.
Fan ranks: Fan ranks are determined according to the amount of GET held and the level of engagement, granting access to perks and exclusive events. Fan ranks make fan engagement visible and provide a deeper entertainment experience.
The stability of the token supply is guaranteed as the total issuance volume is fixed at 10 billion tokens. The distribution schedule is phased, releasing tokens into the market in alignment with the ecosystem growth.
Initial supply: The initial supply is allocated for ecosystem operations, development and partnerships, while the remainder are gradually released into the market.
Lock-up Vesting: The rewards allocated to project stakeholders are subject to a lock-up period, followed by gradual releasing(vesting). This approach prevents price volatility due to sudden increases in supply.
Transparency: The distribution schedule is transparently disclosed and displayed in an infographic so that token holders can easily see the future supply schedule. This enhances trust among token holders and ensures long-term growth.
Measures to enhance the liquidity of GET are implemented throughout the ecosystem. These initiatives increase the transaction volume of token and improve price stability.
Transaction incentives: Incentive campaigns offering additional tokens or perks based on transaction volume within a specific period will be implemented to ensure liquidity.
Staking Rewards: Token holders earn rewards for staking, with the rewards increasing as the staking period lengthens. This approach enhances token liquidity and price stability.
