The $GIANT token represents the fuel of the entire Giants Ecosystem. Starting from buying in-game assets up to governance. Let's take a closer look at tokenomics and utility.
Everything we build floats around the $GIANT token and the Giants NFTs. Below, you'll find a constantly growing list of what you can do with the $GIANT token:
- Buy in-game assets like land, buildings, and more from the in-game shop and marketplace
- Mint other NFTs that we might launch in the future
- Upgrade your farms
- Upgrade your Giants House capacity
- Activate boosts
- Buy high-desirable cosmetics and boost items
- Speed things up or unlock premium features in the Giants Village
In order to spend $GIANT, you need to earn it first. Let's see how you can do that:
The supply is capped at 500.000.000 $GIANT with the rewards being distributed over a period of 4 years. $GIANT is a deflationary token with a limited supply & several burning mechanisms that will ensure it will increase profitability over time.
REWARDS 55% - 275.000.000
TEAM 15% - 75.000.000
MARKETING & PARTNERSHIPS 10% - 50.000.000
DEX 5% - 25.000.000
SALE 10% - 50.000.000
TREASURY 5% - 25.000.000
With the rewards decreasing over the years and the burning mechanisms, it will incentivize $GIANT owners to hold and increase the value of the token.
Starting with year 5, rewards will be provided from a special rewards fund, accumulated in the first 4 years.
A percent of all $GIANT fees collected will be burned - part automatically, part by doing a DAO vote. This will ensure it will increase profitability over time.
Most fees or assets from the Giants Game and ecosystem will be paid in $GIANT tokens. As a general rule (that might not apply to all fees/assets), they will be split to:
- Rewards pool
- Giants reserve