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Tokenomics
Farms & staking
TENGU Token
TENGU Token
Polygon
Basic Information
- Token Name: TenguToken
- Token Symbol: TENGU
- Chain: Polygon
- Max Supply: Unlimited
Transfer Tax
The initial transfer tax will be 6%.
Initial Emission Rate
6.67 TENGU / block
Why Tengu Has No Hard Cap?
There's no hard cap on the supply of TENGU, making it an inflationary token.
TENGU's primary function is to incentivize providing liquidity to the exchange. Without block rewards, there would be much less incentive to provide liquidity (LP fees, etc. would remain).
How TENGU Supply Is Reduced Without A Hard Cap?
1. Reducing Block Emission
By reducing the amount of TENGU generated per block, we slow the inflation. We don't want to do this too frequently, too early, for the same reason we don't want a hard cap: we still need to incentivize people to provide liquidity.
2. Transfer Tax
TENGU has currently a 6% transfer tax in each transfer :
4% is burned directly
2% will be converted into GTENGU which will be sent to the user and the rest
This deflationary mechanism will help us to reduce the circulating supply of TENGU.
Furthermore, the current TENGU emission rate of 6,67 TENGU per block will be adjusted and reduced to reward our investors by making TENGU harder to attain, thus increasing its attractiveness.
3. GTENGU
The GTENGU is a token created for our long-term investors. We believe a two token system where investors who want to become GTENGU investors can swap their TENGU for GTENGU to earn the benefits that GTENGU provides.
At each swap of TENGU in GTENGU the initial TENGU tokens will be burnt. This is one of our mechanisms that will reduce the TENGU supply.
BSC
Basic Information
- Token Name: TenguToken
- Token Symbol: TENGU
- Chain: Binance Smart Chain (BEP20)
- Max Supply: Unlimited
Transfer Tax
The initial transfer tax will be 8%.
Initial Emission Rate
10 TENGU / block
Why Tengu Has No Hard Cap?
There's no hard cap on the supply of TENGU, making it an inflationary token.
TENGU's primary function is to incentivize providing liquidity to the exchange. Without block rewards, there would be much less incentive to provide liquidity (LP fees, etc. would remain).
How TENGU Supply Is Reduced Without A Hard Cap?
1. Reducing Block Emission
By reducing the amount of TENGU generated per block, we slow the inflation. We don't want to do this too frequently, too early, for the same reason we don't want a hard cap: we still need to incentivize people to provide liquidity.
2. Transfer Tax
TENGU has currently a 8% transfer tax in each transfer :
2% is added to TENGU-BNB liquidity pool and locked
2% is burned directly
4% will be converted into GTENGU which will be sent to the user and the rest
Transfer Tax repartition
This deflationary mechanism will help us to reduce the circulating supply of TENGU.
Furthermore, the current TENGU emission rate of 10 TENGU per block will be adjusted and reduced to reward our investors by making TENGU harder to attain, thus increasing its attractiveness.
3. GTENGU
The GTENGU is a token created for our long-term investors. We believe a two token system where investors who want to become GTENGU investors can swap their TENGU for GTENGU to earn the benefits that GTENGU provides.
At each swap of TENGU in GTENGU the initial TENGU tokens will be burnt. This is one of our mechanisms that will reduce the TENGU supply.
Last modified 8mo ago