Tokenomics

Tokenomics

The Genie ecosystem is powered by the Genie Token, an ERC20 token built on the BASE blockchain, a robust Ethereum Virtual Machine (EVM) network. The total supply of Genie Token is fixed at 10 billion. The token is central to accessing and interacting with the Genie platform and its features.

Utility of Genie Token:

  1. Basic Access:

    • Users must burn 10 Genie Tokens or buy and send 10 Genie Tokens to the treasury wallet to use the basic functionalities of the Genie platform.

  2. Premium Use Cases:

    • All premium features on the platform, including advanced AI tools, portfolio insights, and transaction automation, can only be accessed using Genie Tokens.

  3. Portfolio Manager Access:

    • Users are required to lock 100 Genie Tokens into the staking contract to utilize the Genie Portfolio Manager. This ensures exclusive access to advanced portfolio management tools and analytics.

  4. Earnings through GenieDAO:

    • Users staking 10,000 Genie Tokens into the GenieDAO receive a 50% share in pro-rata earnings from the Genie Protocol and GenieDAO wallet. These earnings are generated through autonomous trading and investments managed by Genie’s AI-driven protocols.

Token Distribution:

  • Ecosystem Development: 40% (Incentives, partnerships, and development grants)

  • Treasury Reserve: 25% (Protocol upgrades, security audits, and ecosystem sustainability)

  • Community Rewards: 20% (Airdrops, user incentives, and staking rewards)

  • Team and Advisors: 10% (Locked and vested over 3 years)

  • Marketing and Growth: 5% (Campaigns, education, and adoption efforts)

Economic Model:

  • Deflationary Mechanism: Token burns for basic access reduce the circulating supply, creating long-term scarcity.

  • Revenue Sharing: Staking and DAO mechanisms incentivize token holding while distributing a share of platform earnings to loyal users.

  • Utility-Driven Demand: Exclusive use of Genie Tokens for premium features ensures continuous demand.

This tokenomics model ensures sustainability, incentivizes user engagement, and supports the long-term growth of the Genie ecosystem.

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