Calculating daily Emissions of Golom tokens
Once 150 million GOLOM tokens are given out as an airdrop and 62.5 million as genesis rewards, the remaining supply shall emit as follows:
GOLOM daily emission [e] =
a = GOLOM tokens locked as
b = GOLOM circulating supply
What is veGOLOM?
veGOLOM are NFTs, i.e. tokenized locked positions of GOLOM that are transferable and can be sold just like any other NFT.
Daily emissions are adjusted as a percentage of circulating supply
Meaning, if 0% of the GOLOM is locked for
veGOLOM, the daily emission would be 600,000. If 50% of the GOLOM is locked for
veGOLOM, the daily emission would be 300,000. If 100% of the token is locked for
veGOLOM, the daily 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 200,000 daily 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
veGOLOMlockers are never diluted, as such,
veGOLOMlockers have their holdings increased by 0.5% or by 50,000
GOLOM. The extra 50,000
GOLOMare distributed to all the stakers as unlocked GOLOM pro-rata according to their staking power.