Inflation and Staking Managment
Inflation and Staking Pool Management
Inflation Control:
Fixed Supply Cap: The total supply of Boss Tokens (BOSS) is capped at 100 million tokens. This cap helps control inflation and maintain the token's value over time.
Controlled Minting: New tokens will be minted in small, controlled quantities as needed. For instance, an additional 1 million tokens may be minted each quarter based on demand and market conditions. This approach helps prevent excessive inflation.
Burn Mechanisms: To counteract inflation, a portion of tokens used in transactions, such as NFT purchases, may be burned. For example, 2% of the tokens spent on NFTs could be burned, reducing the circulating supply and supporting long-term value.
Buyback and Burn: 1% of all transaction fees within the ecosystem will be allocated to a buyback and burn mechanism. This means that 1% of the fees collected will be used to repurchase BOSS tokens from the market and permanently remove them from circulation, further reducing supply and supporting token value.
Staking Pool Management:
Staking Pool Allocation: 40% of the total supply (40 million BOSS) is allocated to the NFT staking rewards pool. This substantial allocation ensures that ample tokens are available for rewarding stakers and encourages active participation.
NFT Purchase Contribution: Each NFT purchase contributes 50% of the transaction amount to the staking pool. For instance, if an NFT is purchased for $20 worth of BOSS tokens, $10 worth of BOSS tokens (50% of the transaction) will be added to the staking rewards pool.
Sponsored NFTs: All revenue from sponsored NFTs will contribute 90% of the funds in Boss Tokens to the staking pool. This ensures that additional funds are consistently added to the pool, supporting long-term staking rewards.
Service and Partnership Contributions: For every service sold and partnership entered into, 50% of the revenue will be directed into the staking pool. This further increases the funds available for rewards and supports the sustainability of the ecosystem.
Dynamic APY Adjustments: The Annual Percentage Yields (APY) for staking are flexible and will be adjusted based on NFT availability, market cap, and overall token circulation:
Basic NFT: 500% APY
Enhanced NFT: 5000% APY
Elite NFT: 20000% APY
Re-Staking Opportunities: Users can re-stake their rewards or additional tokens at any time, allowing them to benefit from compounding interest and enhancing the overall health of the staking pool.
Community Assurance:
Transparency: Regular updates on the status of the staking pool, token minting, burn activities, and contributions from NFT sales, services, and partnerships will be provided to the community.
Audits: Independent audits will be conducted to ensure compliance with the tokenomics and staking pool management practices, building trust and accountability.
Sustainable Model: The combination of a fixed supply cap, controlled minting, burn mechanisms, buyback and burn strategies, and effective management of staking contributions through NFT purchases, sponsored NFTs, and service revenue ensures a sustainable and thriving ecosystem.
These measures are designed to manage inflation effectively and support a robust staking pool, ensuring long-term stability and rewards for all participants in the BossFusion ecosystem.
Last updated