Token and Economy

Token Distribution

As mentioned in the Token Explained section, there are 3 types of Token on Gourmet Galaxy Platform, including GUM, FOOD and PLANET. While FOOD and PLANET are NFT tokens and are only sold in Private Pools or sold to early investors, GUM is a utility token and is available to the public.

GUM has a total supply of 20,000,000 tokens, with only 13% of it available at the TGE. The details about GUM Token Metrics can be found in the table below:

Features

Details

Token Name

GUM Token

Ticker

GUM

Blockchain

Ethereum

Token Standard

ERC-20

Token Type

Utility, Governance

Total Token Supply

20,000,000

Initial Circulating Supply

13.125% of total Token Supply

Private Sale Token Allocation

25% of Total Token Supply

Private Sale Token Price

1 GUM = $0.1

Public Distribution Allocation

2.5% of Total Token Supply

Public Distribution Price

1 GUM = $0.1

Token allocation

Once the Public Sale has ended, the distribution for GUM token will be as follows:

The Team will hold 15% (3,000,000) of GUMs. This amount will be vested and unlocked after 1 year, for 0.75% of the Total Supply (150,000 GUMs) every month.

Advisors will hold 5% (1,000,000) of GUMs. This amount will be vested and unlocked after 3 months, for 0.25% of Total Supply (50,000 GUMs) every month.

Private Sale will hold 25% (5,000,000) of GUMs, 40% of this amount will be unlocked at TGE, the rest will be vested and unlocked every 3 months, for 5% of the Total Supply (1,000,000) each time.

Public will hold 2.5% (500,000) of GUMs. This amount will be initially unlocked 100%

Marketing and PR: 2.5% (500,000) of GUMs will be used for Marketing and PR, 25% of this amount will be unlocked at TGE, the rest will be vested and unlocked every 3 months.

Community: 0.25% (50,000) of GUMs will be airdropped to the Community.

49.75% (9,950,000) GUMs will be rewarded for Liquidity Mining. This amount will follow Staking Reward Schedule.

For details, check our Staking Reward section.

Token Supply and Inflation

60 Months after the TGE event, the circulating supply of Gourmet Galaxy will be fully unlocked. Below is the Token release schedule graph.

Nearly half of the Total Token Supply will be used for Liquidity Mining. However, to avoid hyper-inflation, this amount of token will be slowly “mined” over 5 years. The Foundation also has a plan to buy back tokens every quarter at the Public Sale price, to help Liquidity Providers shield against Impermanent Loss. 0.975% of Total Token Supply) that will be used as a reward for Liquidity Mining every month, so the “supply shock” will be kept as slow as possible.

The Team will hold 15% (3,000,000) of the total Token Supply, and unlock after 1 year, at the rate of 0.75%/month. Advisors will hold 5% (1,000,000) of the total Token Supply, and will also unlock after 3 months, at the rate of 0.25%/month.

The Initial supply of GUM at TGE will be 2,625,000 GUM, 13.125% of the total Token Supply. 40% of the Private Sale’s total supply (2,000,000 GUM) will be unlocked at the TGE, while 100% of the Public Sale’s total supply (500,000) will be unlocked initially.

Noted: Liquidity pools will be initiated from staking rewards the first time. This Initial LP will be locked forever.

Token Release Schedule

GUM Supply Shock Over Time (%)

Staking Reward Schedule

Staking Reward Schedule