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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