Core Token: BOX
Besides BOX, NFT is also the core asset of the protocol. Both BOX and NFT are the value carriers of the protocol. Players gain control over the core resources of the protocol by holding BOX and NFT, and they can use them to capture the value generated by the protocol. In the early stage of the project, users can share the benefits of protocol growth through token incentives and protocol income distribution, and the "Galaxy Exploration" and "Galaxy Tycoon" gameplays will help achieve this. In the future, new iterations will also empower NFT more, benefiting players who have invested in their NFT. At the same time, we will also focus on adding external revenue in the next stage of the protocol.
Contract：0x0f5f514cc37d51ccc9a5d183d6073298edf9eeb8
Initial Cap and Inflation
The initial cap is 10 billion, the game officially launched one year after the annual increase of 2 billion, and the subsequent can be adjusted according to the actual situation through governance.
Token Distribution
3% for Airdrop
15% for Marketing and Liquidity, of which:
2% for INO
1% for Initial liquidity and LP burning
12% for Marketing, 1% of which will release immediately, and the rest will be unlocked linearly in a year
20% for Ecosystem Fund, 1% will be unlocked two weeks after the launch, and the rest will be released linearly within 6 months.
62% for P2E, which will be distributed in-game
Token Transaction Tax
BOX tokens have an 18% transaction tax, of which:
1. 5% goes to BOX’s LP, which can increase the depth of token trading
2. 5% exchanges into XVS and goes to the Reward Pool, which will be distributed to BOX staking users
3. 4% goes to the developer fund, which will cover the development and operation cost of the project
4. 3% distribute to users' inviter as a reward
5. 1% is directly burned
BOX Staking
BOX holders can only participate in the voting governance and the system reward distribution after staking their BOX.
Staking Rules
BOX's staking rules draw from a fork of Curve DAO and Alpaca's governance fund pool. Curve's governance and incentive model is one of the best practices in the Web3 world, and Alpaca has improved on it. You can choose the period for locking your BOX tokens, from a minimum of 1 day to a maximum of 6 months. After staking, you will get vBOX as the staking credential, representing your weight in the Crypto Galaxy Reward Pool and your voting rights in future governance. The number of vBOX you own will be calculated based on the amount of BOX you deposited and the remaining lock time, where 1 BOX locked for 6 months = 1 vBOX. Your vBOX balance will decrease linearly over time and become 0 when all your BOX is unlocked. The longer you lock your BOX, the more vBOX you will have, giving you a higher weight in reward distribution and future governance voting rights.
Example A:
Bob locks 100 BOX for 6 months; he owns 100 vBOX.
3 months later, Bob's vBOX balance will be 50.
Example B:
Alice locks 100 BOX for 3 months, and she gets 50 vBOX.
Later, she changed her mind and wanted a higher reward multiplier, so she extended the locking period from 3 months to 6 months. Now her vBOX balance is 100.
Exit Fee
Users need to pay a certain percentage as the exit fee if they want to unlock the staking $BOX before maturity. The exit rate is calculated by multiplying the number of the remaining staking days by 0.55%. The closer the maturity date, the lower the exit rate. 70% of the exit fee goes to the Staking Reward Pool to distribute to the staking users, and 30% goes to Reserve Pool.
Tips
1. vBOX is not a token, and it cannot be transferred
2. To ensure that you always get the highest reward distribution, you can extend the locking period before the snapshot time every week (up to 6 months)
3. You can add BOX to your locked position or extend the locking period at any time
4. One wallet address can only have one locked position. If you want multiple locked positions with different locking periods, you need numerous wallet addresses
5. Unlock every day at the same time as the reward distribution: 0:00 a.m. UTC
Staking users’ rewards
By staking your $BOX, you can share the protocol’s Reward Pool. Most of the protocol’s income will go to Reward Pool, and the rest will go to Reserve Pool. The former has the following revenue sources:
1. Among the 18% $BOX transaction tax, 5% will be exchanged into $XVS, and 80% of which goes to Reward Pool
2. 80% of the $BNB consumed during acquiring Planets through Discover/Collision gameplay (see "Play Encyclopedia" for details) goes to Reward Pool
3. The bidding amount paid in Galaxy Auction, after deducting the premium paid to the previous Galaxy Lord, 80% of the rest goes to Reward Pool
4. In the Star Challenge gameplay, 40% of the $BOX challenge fee goes to Reward Pool
5. 80% of the transaction royalties of the project’s NFTs goes to Reward Pool
6. 20% of the $BOX consumption from Planet Building upgrades goes to Reward Pool
7. 70% of the staking exit fee goes to Reward Pool, which will be regularly distributed to users who have staked $BOX. It will allocate 1/12 of the pool rewards every day, and staking users can claim their shares.
9. 70% of the VIP Member program’s income goes to the Reward Pool
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