# Tokenomics (W.I.P.)

# Introduction

# Overview


Name	Geniish
Symbol	GIISH
Decimals	18
Standard	ERC20
Type	Inflationary hybrid

# Model

GIISH token overview of minting, utility and burning

Cursive texts on connections are model parameters controlled by governance. A summary is provided below.

Parameter	Description	Inital value
Emission rate	How much GIISH is minted per block	60 GIISH
Emission split	How much of the emission is going to the stakers vs the treasury	80% Stakers / 20% Treasury
Mint fee	Fee required to mint	10 GIISH
Lock and unlock fee	Fee required to lock or unlock a NFT	Free
Cross chain tx premium	Premium paid ontop of Emera ld gas to execute cross chain tx	1 GIISH
LP base fee	LP profits fee for treasury	0.05%
Fee burning rate	How much of incomming fee is burned	20%
Fee stake rate	How much of incomming fee is distributed to stakers	0%

# Actors and actions

Actor	Motivation	Actions
Treasury	Ensure protocol stability, adoption and inflation levels	Can Sell or buy back GIISH
Staker	Make profit investing in the protocol and vote on proposals	1. Can buy and sell GIISH 2. Can stake GIISH and earn rewards each block 3. Can vote on protocol proposals
Liquidity Provider	Provide liquidity on different chains to earn LP rewards	1. Can buy and sell GIISH 2. Can provide liquidity on different chains to earn rewards
Developers	Use the protocol for their marketplaces or develop further features.	1. Can buy GIISH 2. Can pay for their users transaction fees in GIISH
Collectors	Collect NFTs with exclusive content.	1. Can buy GIISH 2. Can unlock and lock their collected private NFTs

# Governance and voting

Geniish protocol will be controlled by the community and its users. Everybody holding GIISH can vote on proposals created by the protocol team and partake in the governing of the network. Generally, all parameters used within the protocol can be changed by proposals.

During the development and adoption of the protocol, the team holds the right to proposals and a final decision. This is by controlling the voting rights of the reserve. Which holds 51% of the initial supply. After around one year this will be transferred to the treasury and proposals are open for everyone for a fee.

The treasury is only controlled by governance. Parts of fees and other profits generated by the protocol are transferred to the treasury. GNIISH holders can vote on what happens to these assets.

Scenarios for withdrawing are further development, giveaways and buyback GIISH for burning.

# Token Roadmap

# Initial mint usage

Geniish will initially mint 250'000'000 GIISH, which is around 25% of the planned total supply after five years. This will be used to fund and kickstart the development and adoption of the protocol.

Purpose	Inital mint %	Vesting period
Reserve*	51%	One year
Team	15%	Three months
Investors	20%	N/A
ICO	9%	One month
Giveaways	5%	One week

*During development, the reserve is owned by the protocol team to ensure controller over governance. After the vesting period, all tokens will be transferred to the treasury.