$GDEX: A Deflationary Designed Token
In terms of GameFi’s in-game token economy, inflation is a problem that has remained persistent and unavoidable for long. In traditional games, the majority of tokens are just in-game currencies similar to vouchers or tickets and are given to players as compensation for their performance or engagement. Not a crypto token with an established monetary value traded on an exchange with liquid markets. Besides, gamers must purchase in-game items as well to proceed to different levels or accomplish various tasks.
In Web3 games the tokens are where these tokens are awarded to players for game-play, achievements or tasks on the go, they can also be spent in-game to level up assets or reinvest in new ones. But as we have seen, most players want to sell their rewards, which include both NFTs and tokens, on exchanges or marketplaces to make quick money in what we call the Play to Earn gaming movement.
Inflation is unavoidable in such situations since a vast number of tokens gets amassed with time and increasing market selling pressure.
At gDEX, we are well aware of this token inflationary problem in GameFi and DeFi and are on a mission to tackle the challenge.
How gDEX Challenges the Inflationary GameFi Token Economy
gDEX has created a token economy that maintains ideal deflationary economics in order to give the best sustainable token value to all of its users, stakeholders, and traders.
Outside of the core token utilities and value accrual, gDEX utilizes multiple deflationary levers through a novel Token Value Protection Program and Dynamic Token Equilibrium System.
Dynamic Token Equilibrium System
Securing and facilitating long-term economic sustainability of the $GDEX token
Rewards Policy
gDEX rewards policy is based on the mint and burn equilibrium system used to dynamically control and protect the value accrued by the token and inflationary forces.
The gDEX managing team will ensure that $GDEX token value is not only subjected to accrual but also to a wider “Value Protection Program”.
Overburn mechanics
Overburn will be activated directly by smart contract forcing economic equilibrium via the mint and burn function to burn more tokens than minted per every mint and burn operation.
These solutions ensure that being bullish on $GDEX and holding it long term will always result in benefiting the token staying deflationary with true value accrual.
$GDEX token supply is still fixed and coded in token contract. Tokens cannot be minted beyond hard cap limit.
About gDEX Metaverse:
The Largest Web3 Community Gaming Platform in the Metaverse
gDEX brings the power of Web3 AND the experience of Web2
Gaming in the metaverse is full of problems. Currently, onboarding the next billion Web2 users into Web3 is still a myth. gDEX makes this a reality
gDEX’s revolutionary Web3 Community Gaming Platform consists of a Lego block suite of chain-agnostic tools that reduce & improve every step of the gaming experience & enables games to jumpstart unlimited scalability & discoverability & users to seamlessly manage all their Web3 gaming virtual assets, identity, activity & experience from one platform across the metaverse.
Join the gDEX Metaverse community:
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