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Economic model
The economic model of EZZY Game is carefully thought out, thanks to which the game is as stable as possible.
The economic model of the EZZY Game project is designed in a way to:
- stimulate stable and sustainable community demand for GEZY;
- reduce the likelihood of excessive withdrawal of liquidity from the GEZY/USDT pool and associated negative consequences;
- reduce the likelihood of an oversupply of GEZY tokens or excessive shortages and subsequent spikes in the exchange rate of GEZY for other tokens.
In order to create a sustainable economic model the following features are integrated:
- Limited number of Sneakers - they are released in collections in limited quantities so as not to provoke excessive demand/pressure on GEZY and abrupt withdrawal of tokens from the liquidity pool. There may also be restrictions on receiving Sneakers per account (e.g., no more than 1 Sneaker of each rarity from a single collection).
- Changing the amount of GEZY required to receive Sneakers. In different collections the amount can be adjusted depending on the ratio of GEZY to USDT in the liquidity pool on PancakeSwap, so that all users of the game (old and new) are in equal conditions.
- Durability - after a period of time Sneakers wear out and become inactive, so there is no accumulative pressure on tokenomics.
- No influence of whales - for maximum reward in each Sneaker it is necessary to train or play 10 minutes a day, so even if the user wants to use a lot of Sneakers, he will not be physically able to train or play 1 000 hours a day. On top of that, the first point imposes additional restrictions on whales.
- Exchange limit. The basic limit for exchanging GEZY to BNB or USDT is 3,000 GEZY per day. It can be increased up to 27,500 GEZY through staking.
- Ban on multi-accounting. We enlist many tools that protect against circumventing the terms of the game.
- Burning mechanism for use in case of excess tokens and for positive impact on tokenomics.
- Decentralized bot on PancakeSwap. It is set up to prevent sudden withdrawals of liquidity from the pool and sudden spikes in the GEZY to USDT exchange rate.
Everything is calculated in such a way as to minimize the probability of sharp spikes in the exchange rate as much as possible. Just to counter this, the number of Sneakers is limited, each one must be used for practicing or playing for 10 minutes, multi-accounting is forbidden, and the required number of GEZY to get a Sneaker will always be dynamic.
Exchange limit is one of the key elements of tokenomics, as it significantly reduces the risk of liquidity pool imbalance even during times of panic: whales cannot exchange GEZY for USDT beyond the established limit.
The Durability parameter is another extremely important component of the EZZY economy. By ensuring that Sneakers are fully depreciated over time, there will not be an overabundance of them - to prevent a situation where too many GEZZY tokens are generated. That is, users will not be able to use a lot of old Sneakers and accumulate them in order to generate more tokens with them. Thanks to Durability, so many GEZY tokens will be generated that the demand for them from the community can absorb the supply as much as possible.
In addition to this, a special bot has been created, configured to run on PancakeSwap on the BNB Smart Chain network. Its job is to provide as much stability as possible, preventing both a sharp rise and a sharp fall in the GEZY exchange rate against other tokens. It uses the reserve 6,000,000 GEZY and a portion of the tokens collected from in-game commissions to smooth out sudden spikes in the exchange rate. It can automatically exchange both GEZY for USDT tokens and USDT tokens for GEZY, i.e. it can do the two most necessary things just to ensure the highest possible stability. However, we repeat that the bot cannot be considered a guarantor of a particular exchange rate or a panacea. Its task is to support the smoothest possible fluctuations and stability. That is, it is only an assistant, which is not able to protect from fluctuations, for example, during a big panic ("panicsale").
And since BNB Smart Chain is a fully open and transparent blockchain, it is possible to verify the truthfulness of all the claimed words in real time via blockchain observers, just like tracking all the actions with the GEZY token.
All of the mechanisms described above are designed to stimulate stable and sustainable demand for GEZY and to offset the potential for excessive volatility on DEX.
Last modified 2mo ago