6. Tokenomics
GAST Output Mechanism
Total Supply: 21,000,000
Block Time: One block every 10 minutes
Initial Block Reward: 500 GAST/block
Halving Rule: 0.5^n (halving every 210,000 blocks)
Donation Amount: Bitcoin amount donated by users.
Total Accumulated Donations: Total Bitcoin amount cumulatively donated by users.
Total Returns(GAST) = Donation Amount / Total Accumulated Donations * Initial Block Reward * Halving Rule * Time
Donation Earnings
Key Variables:
Donation Amount (A): Amount of Bitcoin donated by users.
Accumulated Donation Pool Amount (B): Total amount of Bitcoin cumulatively donated by users.
Daily GAST Generation (C): 72,000
Days of Donation (D): Number of days donated.
Current Market Price of GAST (E): Market value of GAST.
Holding Duration (F): Time duration of holding GAST.
Annual Appreciation Rate of GAST (G): Expected annual market value growth rate of GAST.
Current Market Price of BTC (H): Market value of Bitcoin.
Earnings Formula:
Assuming earnings mainly come from the growth in GAST's market value, the formula is:
Total Earnings = Daily GAST output * Donation Amount / Accumulated Donation Pool Amount * Current Market Price of GAST * Days of Donation * (1 + Annual Appreciation Rate of GAST)^Holding Duration
TOTAL RETURNS = C * A / B * D * E * (1 + G)^F
Example:
Suppose a user donates 1 BTC, the total accumulated donation pool is 100 BTC, the number of days donated is 365, the market price of GAST is $0.5, the expected annual appreciation rate is 20%, and the holding duration is 1 year, with the Bitcoin market price at $40,000:
Total Earnings = 72,000 * 1 / 100 * 365 * 0.5 * (1 + 0.2)^1 = $157,680
APR = Total Earnings / (Donation Amount (A) * Current Market Price of BTC (H))
= 157680 / (1 * 40000)
= 394.2%
Holding GAST Earnings
Key Variables:
Amount of GAST Held (I): Number of GAST tokens held by the user.
Total GAST Circulation (J): Total number of GAST tokens held by all users.
Daily Network Transaction GAS Consumption (K): Total transaction fees consumed across the network daily.
Total BTC Amount in BONUS POOL (L): Total Bitcoin amount in the BONUS POOL.
(Percentage of daily donations transferred to BONUS POOL: 1%)
Daily Subsidized BTC Amount (M): If K < L, then M = K; otherwise, M = L.
Current Market Price of BTC (N): Market value of Bitcoin.
Holding Duration (O): Number of days GAST is held by the user.
Current Market Price of GAST (F): Market value of GAST.
Earnings Formula:
Daily Earnings = (Amount of GAST Held / Total GAST Circulation) * Daily Subsidized BTC Amount * Current Market Price of BTC
Total Earnings = Daily Earnings * Holding Duration
i.e.,
Daily Returns = (I / J) * M * N
Total Returns = Daily Returns * O
Assuming:
Holding 10 GAST.
Total circulation is 10,000 GAST.
Daily subsidized BTC amount is 0.001.
Current market price of BTC is $40,000.
Planning to hold for 365 days.
Current market price of GAST is $0.5.
Steps:
Calculate Daily Earnings:
Daily Earnings = (10/ 10,000) * 0.001 BTC * $40,000
Daily Earnings = $0.04
Total Earnings = $14.6
ARR = Total Earnings / (Amount of GAST Held (I) * Current Market Price of GAST (F))
= 14.6 / (10000 * 0.00005)
= 292%
In the End
As we stand at the forefront of blockchain technology and the new era of digital currencies, GAST represents a bold step towards addressing some of the most pressing challenges in the Bitcoin ecosystem. Our innovative approach to stabilizing transaction fees through the GAST protocol not only promises to enhance user experience by making costs predictable and affordable but also aims to invigorate the entire Bitcoin network by promoting increased trading activity and participation.
The strategic implementation of GAST, backed by a robust economic model and a commitment to community-driven growth, positions us to play a pivotal role in the evolving landscape of cryptocurrencies. By effectively lowering barriers to entry and transaction friction, GAST stands at the forefront of innovative solutions, overcoming the limitations of existing systems and unleashing the full potential of blockchain technology.
To date, our journey has achieved significant milestones, but we recognize that this is just the beginning. As we continue to navigate the complexities of the crypto world, our focus remains steadfastly on delivering value to our users, supporting the growth of the Bitcoin ecosystem, and contributing to the broader narrative of blockchain as a transformative force in the digital age.
With the ongoing support of our community, stakeholders, and visionaries who share our passion for advancing blockchain technology, we are confident that GAST will not only achieve its set goals but also pave the way for future innovations. Together, we embark on this exciting journey towards a more inclusive, efficient, and vibrant digital economy.
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