GHT
GHT Supply:
The GHT tokens is minted during the Token Generation Event (TGE) . A total of 4,400,000,000 GHT tokens were minted.
Vesting Mechanics: To ensure the longevity of the Grinstep project, the distribution of GHT includes vesting mechanics. Here are the key details:
30% of the total GHT supply will be distributed to users through move-to-earn activities and Governance participation.
The total release of GHT will halve every two years, ensuring a sustainable distribution over time.
For more information about the GHT distribution and the specific vesting schedule, please visit the official website at https://grinstep.com.
Burning Mechanics (Destroying): The burning mechanics of GHT in the Grinstep ecosystem include:
NFT:
Burning GHT or GFT tokens to reach specific levels (5/10/20/29/30) for NFT Sneakers.
Burning GHT or GFT tokens to upgrade Level 4+ Gems.
Sneaker Minting:
Burning GHT or GFT tokens to mint NFT Sneakers of all qualities.
Attribute Points Redistribution:
Burning GHT tokens to re-distribute attribute points on NFT Sneakers.
Sneaker Enhancement:
Burning GHT or GFT tokens to enhance NFT Sneakers of better quality.
Enhance In-app Mechanics: In addition to the specific burning mechanics, GHT can be burned to enhance various in-app mechanics. These enhancements include:
Permanently increasing the GFT (Grinstep Fitness Token) Daily Earning Cap by burning GHT tokens.
Permanently improving the success rate of Gem upgrades for all Gems by burning GHT.
Permanently improving the chance of receiving higher-quality Sneakers from opening Shoeboxes by burning GHT.
Permanently improving the chance of receiving two Sneakers from Shoe-Minting by burning GHT tokens.
Please note that the burning mechanics and their associated effects may be subject to adjustments and updates by the Grinstep team to ensure a balanced and enjoyable gaming experience.
The provided information gives an overview of the GHT token supply, vesting mechanics, and burning mechanics in the Grinstep ecosystem. For more detailed information, please refer to the official website.
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