Tokenomics
Tokenomics
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Token Supply & Distribution
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- Total supply: 21 million tokens
- 100% distributed through fashion collections
- Each collection is allocated with 0.05% of remaining supply (plus 0.01% for booster bonuses)
- No pre-mine
- No team allocation
- No intial coin offering
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Token Generation
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- Tokens are minted when customers purchase and activate items
- Mining rates based on item value and rarity
- Each fashion piece acts as a unique "mining" tool
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Burn Mechanism
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- Up to 10% of sales revenue used for token buyback and burn
- Transparent tracking and regular reporting on burn impacts
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Token Utility
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- Governance: Voting on new collections
- Discounts on purchases within the ecosystem
- Access to exclusive booster purchases
- Potential for additional utilities in the future
Boosters
THREE MAIN TYPES OF BOOSTS
Achievements
* under development / subject to change
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Novice Miner
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- First Dig: Scan your first NFC-enabled item, initiating your journey into phygital mining.
- Gear Collector: Acquire 5 different NFC-enabled clothing items, building your initial mining toolkit.
- Consistent Prospector: Scan items for 7 consecutive days, demonstrating your commitment to the craft.
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Moon Miner
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- Diverse Excavation: Collect tokens from 10 different clothing categories, showcasing your versatility in mining various fashion veins.
- Network Expansion: Share your phygital outfit on social media 5 times, spreading awareness of your mining operations.
- Token Vault: Accumulate 1000 tokens without spending, demonstrating your ability to stockpile resources.
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Expert Excavator
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- Diligent Driller: Scan a different item every day for a week, showing your commitment to exploring new fashion seams.
- Seasonal Surveyor: Own and scan items from all four seasonal collections, proving your ability to adapt to changing fashion terrains.
- Mining Mentor: Have 10 friends sign up using your referral code, expanding your influence in the phygital mining community.
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Master Miner
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- Token Magnate: Accumulate 10,000 tokens, showcasing your prowess in extracting value from phygital fashion.
- Thousand-Drill Prospector: Execute over 1000 scans on phygital items, demonstrating unparalleled persistence in mining the fashion bedrock.
- Multi-Quarry Operator: Own items from all available brands on the platform, proving your mastery over diverse fashion deposits.
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Legendary Prospector
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- Phygital Gold Rush: Be among the first 100 users to reach 50,000 tokens, marking you as a true pioneer in the phygital mining world.
- Trend Seismographer: Correctly predict 5 upcoming trends in the app's poll, showcasing your ability to anticipate shifts in the fashion landscape.
- Wardrobe Tycoon: Own and scan 100 different NFC-enabled items, amassing an impressive collection of phygital mining gear.