How does the 8.Finance tokenomics work?
8.Finance is a MetaFi platform with elaborate hyper-deflationary tokenomics that is the result of synergies between Metaverses, Games, DAOs and DeFi.
We have solid deflationary tokenomics audited by professors from Garuda.ai.
The tokenomics implies 30 measures aimed at maintaining the token’s value. 12 months into the project, the number of tokens in circulation will decrease, which will support the growth of their value in the future.
What is tokenomics anyway? In simple words, by analogy with state economics, tokenomics is economics at the project level. Just as central banks issue fiat money, 8.Finance issues the token needed in order for the system to function properly.
Advantages of the 8F token:
— (1) limited issue — will never be released again,
— with its help it will be possible to vote for decisions on the project’s development (it is a (2) governance token)
— utility (3) — it has specific use cases (purchasing items in the game, paying fees, paid platform services, etc.)
— it is hyper-deflationary — there are more than 30 8F growth incentives in tokenomics. For example — from each fee, at least 50% goes to the redemption and burning of 8F tokens.
2. The project features impressive gamification
Play for free and earn tokens with Snake for Crypto. The game will create additional demand for the token, and game marketplaces will stimulate its burning.
For every fee that users pay for using DeFi services, there will be 100% cashback in 8G, which can be used in the game.
4. Referral program
3% from a referral can be earned without doing anything, just by sharing your link. You can even receive a monthly fixed amount if you fulfill KPI.
5. Transparent balance which is always visible to users
It is used to maintain the price of the token in case of a fall.
All in all, tokenomics of 8.Finance is designed in a win-win-win way. It means, that everyone will benefit — snake players will get tokens for playing, investors can be sure that with our rock solid calculations the price will not drop after the release, users of the platform will be able to earn crypto via Farming, Staking, Trading, taking part in referral program and promo events.
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The data in this article has lost its relevance; see the current information in the gitbook.