About Gear
"Generous Robots DAO is a collection of 5555 randomly generated robots on Solana. 70% of mint sales and royalties will go directly to the community-led DAO fund.
Generous Robots NFT holder are eligible to receive 4 $GEAR per day per NFT staked.
Longer NFT Staking = Higher Payouts. First utility token to reward long-term holders
$GEAR is a first-ever deflationary utility token burned with IDO profits.
This token is the backbone of the Generous Robots DAO ecosystem.
It's a unique game theory experiment.
Starting supply is zero. $GEAR is emitted only via staking
Emissions and Burning Mechanisms :GreenFire:
In order to create sustainable tokenomics we've built multiple token burning mechanisms, including but not limited to:
1. IDO Profits Buyback
2. Breeding
3. VC Fund Access (Burn $GEAR to get access to private rounds)
4. Royalties from the second collection buyback
5. Other Mechanisms (DegenCoinFlip, Merch)
Additionally - to control the emissions a decay coefficient has been introduced:
Amount of $GEAR issued next month = the previous month's emissions * 96.02%.
This way in about 60 months the emission of $GEAR will be close to zero - keeping it scarce and valuable!
"
