The tokenomics of $ZOO are primarily focused on providing a viable solution for the community that prioritises fairness and rewards.
$ZOO token serves as a utility, and permits users to not only participate in yield farming and NFT battles, but to also decide on the future of the platform thanks to the role of the token in our governance model.
To maximise the rewards available to the community, we chose to adopt a deflationary model for $ZOO, driving increased value over time as tokens are redistributed as community incentives.
In keeping with our mission to ensure ZooDAO is a community-owned project, we have created mechanisms to secure the project against market manipulation and ensure an equal playing field is maintained for users.
A 0.5% burn mechanism in NFT Battles makes $ZOO rarer with a deflationary mechanism
A fixed supply of 100 Million tokens will be available. No minting of new coins is enabled, to ensure longevity of the community investment
A majority of tokens are intended for distribution to users, with more than half the remaining supply dedicated to rewards
— verifiable in Aragon
— from Early Backers
Team & Early Backers
vesting period: — 10 months