📝Tokenomics ($GAPE)

Mechanics of $GAPE (Galactic Apes Protocol - SUI Economy)

Gape Labs has a unique and innovative economy that is light years ahead, powered by $GAPE. We make multi-planetary transactions possible for the first time ever in Apes history.

Introduction

$GAPE is a utility token with multiple halving periods and mining rewards. It can be mined by burning Galactic Apes or Galactic Primates NFTs, by holders.

Category	Details
Max Supply	100,000,000 $GAPE [Deflationary]
Burn Earn (Per Galactic Ape)	= (1000 / Rarity Rank) * 500 $GAPE
(or) Burn Earn (Per Galactic Primate)	= (1000 / Rarity Rank) * 1000 $GAPE
Vested Drop (Over a 8 months period)	8,000,000 $GAPE
Issue Size (IDO)	TBA $GAPE
Issue Price (IDO)	1 SUI = <TBA> $GAPE
Issue Type	Fair-Launch
Launch Partner	Be-Launch
Listing Partner	<TBA> (DEX)
Pool Pair	$GAPE/SUI
Pool Funding (Direct from Royalties)	1.11% of 7.77% royalty earned will be deposited to $ GAPE pools

Halving Stages

There will be three halving periods, each halving period reduces $GAPE supply by burning specific amount of $GAPE tokens, it also reduces burn earnings by half at each stage.

Halving Stage	Halving Point	Max Supply	Burn Earnings
1st	50,000,000 $GAPE mined	95,000,000	-50%
2nd	75,000,000 $GAPE mined	91,000,000	-50%
3rd	87,500,000 $GAPE mined	87,500,000	-50%

Utilities

$GAPE has numerous, carefully crafted utilities:

1. Earn by burning Galactic Apes or Galactic Apes Evolved NFT.

2. Spend to Mutate Galactic Apes and upgrade Galactic Ships.

3. Spend to buy Auction NFTs, Raffle Tickets, Merchandise and more from Galactic Store.

4. As we move forward, $GAPE utility will be bridged to more projects across SUI Ecosystem.