E280 Tokenomics

Minting

• Mint Phase: Always open

• Mint Cost: 1 E280 = 1 ELMNT

Supply

• Capped supply - E280 is mintable only from ELMNT which is a capped supply token. So, the supply of E280 is capped at the total ELMNT supply.

• Deflationary supply - Multiple vaults earn yield to buy and burn E280.

Buy/Sell/Transfer Tax

• Ethereum - 4% tax

  • 4% sent to another chain to be distributed - currently Arbitrum

• Base - 4% tax

  • 2% NFT rewards

  • 0.7% Protocol LP

  • 0.88% E280 Token Burn

  • 0.42% Genesis

• Binance - 4% tax

  • 2% NFT rewards

  • 2% Protocol LP

• Arbitrum - 4% tax

  • 1% NFT rewards

  • 3% GMX Staking

• Polygon next?