Tokenomics
Last updated
Last updated
Currently, there is few to none cryptocurrencies that have exclusivity and demand factors that $GAMBLE is utilizing.
The closest example to $GAMBLE's exclusivity is NFTs:
NFTs are non fungible images that usually lack utility, the value of them is free floating and they are individually unique.
$GAMBLE is a fungible, backed token that has utility. Its value can only grow, as its backing increases. It cannot go down in value.
$GAMBLE increases in value through charging fees, below is the fee distribution:
50% - Increasing $GAMBLE backing
50% - Development of new projects by GAMBLE Finance
The latest up to date fees themselves can be found on .
$GAMBLE has a dynamic supply.
When someone wins $GAMBLE, it is minted. When someone redeems $GAMBLE, it is burned.
It is possible in the future $GAMBLE becomes deflationary, but that would remove its builtin income.
$GAMBLE has a debt mechanic integrated into the primary ERC20 contract, that allows future sell income to be borrowed from the contract. This was added for expandability purposes, and is unlikely to be used on its own.
The maximum debt equation in the contract is:
This assures the contract remains completely collateralized: even though a full bank-run is unlikely.