The Staking system we described above theoretically makes for an unlimited $BANANAS supply. You can stake and unstake your NFT (usually within seconds) with only minimal GLMR gas fees (less than 0.02 GLMR per transaction).Īs there are about 730/1001 NFTs staked at the moment, there are roughly 730 new $BANANAS created every day. The staking rate will be subject to a vote every 3 months and might change in the future if the community wants it. The staking rate is currently the same for anyone: 1 $BANANAS/day/NFT (It might be subject to change in the future as the community will vote on the staking rate on April 12th). Until the BANANASWAP DEX opening, the only way to create $BANANAS is by staking your GLMR APES NFTs. 📈 Supply/emitting ratio Initial $BANANAS emission rate We will gradually work together to add more use case to $BANANAS so it won’t just be the game currency but a strong and useful token. There are many possibilities that remain to be explored by our community.
#Lightpaper conversion issues free#
It could also consist in having great merch, only purchasable in $BANANAS, or in having our DAO collaborating with other NFTs collections and organizing Raffles for WL and Free NFTs with a ticket in $BANANAS. It could include using $BANANAS to purchase extra boosters in the game, purchase seasonal NFTs, or to get extra time for your game sessions.
🤩 Future Use-CaseĪs the DAO keeps on growing and developing, the community will work on adding extra functions to the $BANANAS (by voting on strategic decisions concerning the tokenomics every three months, starting from June 1st). The price will be periodically adjusted through community votes each month to guarantee good tokenomics depending on how the community reacts to the price and/or to adjust to the inflation of the $BANANAS supply. The cost in $BANANAS per session remains to be decided and voted by the community before the launch of the P2E Game (August 2022). It means that to play the P2E Game, you will not only need to have a GLMR JUNGLE NFT, but you also be required to pay a small $BANANAS fee for each game session.
In the long run, $BANANAS will be the game currency. As long as you have enough $BANANAS you can redeem as many GLMR JUNGLE NFTs as you wish (you can purchase the tokens on BANANASWAP).
You don’t need to hold GLMR APES to participate in the BANANA mint session. It means that if you have 70 $BANANAS you can get 2 GLMR JUNGLE and so on (105 $BANANAS = 3 NFTs etc.…). On the short term, it will allow people to mint their GLMR JUNGLE NFTs (2nd generation NFTs) ahead of everyone during a “$BANANAS-only” mint session from March 30th to April 2nd.ĭuring those 3 days, anyone will be able to exchange 35 $BANANAS for GLMR JUNGLE NFTs without any limitations. It currently serves two main functions: one on the short term and one on the long term. We are now still in the early stages of the $BANANAS Tokenomics, meaning that they will be subject to change in order to cater to the needs of the DAO as the project develops. Well, relax, sit down and let us guide you through all this potassium to help you understand it more clearly! 🍌 $BANANAS Tokenomics $BANANAS tokens, Bunch of Bananas NFTs, and now BANANASWAP… you might think that GLMR APES DAO went truly Bananas!
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