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Emissions
Calculating daily Emissions of Golom tokens
Once 150M Golom tokens are given out as Airdrop and 50M as Genesis Rewards the remaining supply shall emit as following -
GOLOM daily emission [e] =
Once 1B Golom tokens are emitted the reward emission will stop.
Where:
a = GOLOM token locked as veGOLOM
b = Total supply of GOLOM and locked GOLOM as veGOLOM
Weekly emissions are adjusted as a percentage of circulating supply
Meaning, if 0% of the GOLOM is locked for veGOLOM, the weekly emission would be 500,000. If 50% of the GOLOM is locked for veGOLOM, the weekly emission would be 250,000. If 100% of the token is locked for veGOLOM, the weekly emission would be 0.
As more tokens are vested, the impact of emission is decreased.
veGOLOM lockers increase their holdings proportional to the weekly emission
Assume 100,000 weekly emission, a total supply of 20,000,000 and a locked supply of 10,000,000. This would mean that 100,000 new tokens are minted and provided as incentives, a 0.5% supply increase. Our goal is to ensure that veGOLOM lockers are never diluted, as such, veGOLOM lockers have their holdings increased by 0.5% or by 50,000 GOLOM. The extra 50,000 GOLOM are distributed to all the stakers as unlocked GOLOM pro-rata according to their staking power.
Golom's tokenomics are inspired from Andre's Ve(3,3) medium post.
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