Golden Boys and future Golden Boys, gather round. If you've caught the $GOLD (on BASE) fever, you’re probably wondering about the tokenomics of this rarest of gems. It's not just another reskinned GitHub project; this is a defi related coin with serious clout, spearheaded by Humpy—the richest dev in the memecoin realm.
So let’s cut to the chase and break it down. This is not financial advice, just solid info coming from deep within the goldmine.
The Numbers That Matter
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Total Supply: A cool 1,000,000 $GOLD. That’s it. Finite. Like gold itself, scarcity is the game.
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Burned: A whopping 250,000 $GOLD is gone, sent to the great incinerator in the sky to make the rest of the pile even more valuable. Remember, scarcity equals value.
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Circulating Supply: 280,000 $GOLD at the time of writing.
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Rewards and Incentives: 450,000 $GOLD is heavily guarded, to be used only for the good of the realm.
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Team Allocation: 20,000 $GOLD is stashed to keep our contributors shining bright.
The Locked Treasures
"Know that Humpy is like a skinflint grandpa who locks his gold tokens in a treasure chest , well hidden, key tucked away."
Rewards and Incentives: 450,000 $GOLD
The king’s jewels are in a special vault, The Inflation Controller. As they release over time, they’ll be used for the good of the Golden Boys and all the realm. The Inflation Controller contract is Inspired by the OZ Vesting Wallet but with several golden modifications. The differences?
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It's "Ownable," and who do you think owns it? The multi-sig council of $GOLD.
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Beneficiary? The multi-sig.
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Owner has a 2-week timelock to sweep $GOLD.
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For all other ERC20 tokens, it’s a sweep with no wait time.
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This version has no vesting logic for ETH, and all payable functionalities are removed.
The contract starts doing its thing at the stroke of midnight, GMT, on August 31, 2023. It’s a three-year party, so mark your calendars.
The Team Allocation: 20,000 $GOLD
**Team Vesting Contract: **
Locked in a vault with a time-release lock—20,000 $GOLD for the team. It’s like a 365-day Advent calendar, but instead of chocolate, our golden boy contributors get a slice of the $GOLD pie. Thank you HUMPY and TEAM!
Strategies for the Golden Boys
Look, you don’t need to be a whale. You just need to ride one’s back. Humpy's been in the crypto game for 7+ years, so trust that the man knows what he’s doing.
The initial distribution of $GOLD tokens is planned by the master himself. Unlike most coins, the team allocation is low, and the greatest portion of the supply is locked away responsibly for future use to help make $GOLD shine bright. In a future post, we’ll explore the strategy for the coins vesting from the Inflation Controller.
What’s Next?
Join the Golden Boys community to learn the way. Trust in Humpy, he knows what he’s doing. Have some patience, because these things take time.
Join the Telegram Community.
Join the Discord.
You can see $GOLD on BASE here on Balancer.
Wrapping It Up
$GOLD isn’t just about tokenomics; it’s about a vision. The team, the community, and the tokenomics are geared to make $GOLD shine as bright as real gold. Are you ready to ride the whale?
Stay golden. ✨
Excerpt from the Golden Boys Bible
#6 humpy has NEVER shilled shitcoins before, yet he puts his name behind this. Humpy’s Wallet