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Anti-Jeet Burn

For the first 25 days of the $SGNOME token being live, there is a vesting period for early NFT to token swaps. What this means is that if a user decides to swap their NFTs to tokens earlier than 25 days, then they will forfeit a percentage which will get burned. The Anti-Jeet Burn makes the $SGNOME token deflationary from Day 1.

$SGNOME to NFT swaps via the Gnome Grotto are excluded from the Anti-Jeet Burn to encourage users to participate in the NFT economy. Excluded NFTs are clearly indicated on the Sonic Gnomes dApp.

The Anti-Jeet Burn starts at 50% and reduces by 2% per day linearly for 25 days according to the following table:

% of Tokens Burned

% of Tokens Available to User

Day 1

50%

50%

Day 2

48%

52%

Day 3

46%

54%

Day 4

44%

56%

Day 5

42%

58%

Day 6

40%

60%

Day 7

38%

62%

Day 8

36%

64%

Day 9

34%

66%

Day 10

32%

68%

Day 11

30%

70%

Day 12

28%

72%

Day 13

26%

74%

Day 14

24%

76%

Day 15

22%

78%

Day 16

20%

80%

Day 17

18%

82%

Day 18

16%

84%

Day 19

14%

86%

Day 20

12%

88%

Day 21

10%

90%

Day 22

8%

92%

Day 23

6%

94%

Day 24

4%

96%

Day 25

2%

98%

Day 26

0%

100%

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Last updated 6 months ago

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