📊Tokenomics
Overview
All components of tokenomics are depicted in the following diagram.
Essentials
Excom essentials everyone should now.
GENZ Token & Excom NFT
The basic components of tokenomics are GENZ token and Excom NFT.
GENZ token is an SPL token with initial supply of 333,333,333.
2,222,115 GENZ was sold during IDO
300,000,000 GENZ was put into Staking Program Reward Vault (described further)
31,111,218 GENZ was reserved for team but was burned
Excom NFTs is a collection of 6,666 NFTs on Solana blockchain.
1,683 NFTs were sold during IDO
3 NFTs were burned (in the time of writing)
4,580 NFTs remain on project wallet
400 NFTs are in hands of team
Staking
Staking locks Excom NFT for 30 days in exchange for GENZ.
Reward r that an staked NFT with cNFT Multiplier generates in 30 days (cNFT is described further in NFT Upgrading) depends on GENZ tokens in Staking Program Reward Vault and is calculated as
Staking Program Reward Vault has started with balance of 300,000,000 GENZ tokens, so you can think of cNFT as NFT's initial daily reward. The formula shows, that this reward decreases as Reward Vault is being depleted.
You can check current GENZ balance of Reward Vault here.
NFT Upgrading
NFT Upgrading increases NFT tier in exchange for
GENZ, that are being burned
approx. 0.01 SOL fee composed of
0.006666666 SOL flat fee
remaining fees are for rent exempts (Solana-related)
NFT tier increases cNFT Multiplier, that is proportional to staking reward, so the main purpose of NFT Upgrading is to increase staking rewards for given NFT.
The overview of tiers is shown in the table below.
0
2,000
20
1
4,000
60
2
10,000
110
3
20,000
250
4
40,000
400
5
80,000
666
6
160,000
1,000
7
320,000
1,500
8
640,000
2,250
9
max tier
3,333
Summary
There's a beautiful dance between GENZ and Excom NFTs. GENZ goes to circulation only through staking Excom NFT and can be used to upgrade Excom NFT (GENZ paid for upgrade are being burned, lowering GENZ supply). Upgraded NFT increases GENZ reward, but as the Staking Reward Vault is being depleted, the GENZ reward for every NFT decreases in time.
To make this work, the Excom team has developed two products - NFT Staking and NFT Upgrading (and works on new products). All of these products are being offered to other projects for integration fees, creating an additional revenue stream that can make GENZ and Excom NFT prosper long-term.
Revenue Streams
Overview what makes Excoms project ticking.
NFT Royalties
Excom NFTs have 6.66% Royalties (they aren't enforced).
NFT Sales
Already sold NFTs covered expenses for development of the ecosystem we see now. There are some unsold NFTs that will be sold to enable development of new products.
Payments for Integration
Projects interested in our products can get those products integrated. Each integration requires some extra work from our devs, that has to be paid. Devs that are being rewarded for their work will develop new products, extending the portfolio of our products that not only Excom Society but also our partners, can integrate.
Part of the integration fee will go to buy-back and burn GENZ so everyone from the Excom Society can feel the immediate positive impact of every integration our devs will do.
Additional SOL fees
These are small fees for using smart contracts. Currently, only NFT Upgrading charges fee of approx. 0.01 SOL.
Project Wallets
Here is the complete list of project wallets.
Cold Wallets
2mgZDL1ZNEk7Be2s7PBHuPCGEthArynHvcBn6ooQ3rJs
receives 30% of royalties
uses all incoming assets to buy and burn NFT floor
22mrnpnfpbnedNMRmpJEuExXXzPFc2C5HRnuxqJpX4jL
receives 70% of royalties
holds GENZ that weren't sold during IDO (community will decide what hapens with them)
2/7 of incoming assets is used to buy and burn GENZ
5/7 goes to devs
CLwRQ9QAcJhk7DrJQnGdGK4UCBc9mF8v5VEePHHEL9iD
receives fixed SOL fee and GENZ from NFT Upgrade
upgrade authority of our contracts
holds LP tokens
all incoming GENZ is burned
all incoming SOL goes to devs and treasury
6a2aESsK8LiCDM3FbQuL1gMZmKon6M2dzm4zgb1ZytAe
treasury address used to cover non-dev expenses like marketing
Hot Wallets
excomsXY735YmH9Q6KxxXUuyJKAqohWegCNrGQ9b82p
holds unsold Excom NFTs
update authority of NFTs
update authority of our contracts
excomSWnT9N1wqj4F4tQxe4ULzsCkR7C7uZMzyp9uEH
contract deployer (that transfers upgrade authority to cold wallet)
excomkkWmibs1X8uEABcMMau14hVJ4CSzL6J2EeKbcL
receives rent SOL fee from NFT Upgrade
all incoming SOL goes to devs
excomAMy1GTLY13bYTbQb1onyrAyWjag7T9SH3erW55
dummy address that receives SOL from other project addresses and distributes it to team and treasury
excomXdtDV4AniSnnMRgW8NoaUvM8gQCnBzF1ijozjo
bot, that receives SOL from other project addresses and makes continuous buys of GENZ
all GENZ that are bough are being burned
Contract Addresses
12op1Mr3wYeYsNcDoTeLcgzPDgrrRzWAfKz2UfXFkUzr
Staking Program reward vault
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