The Token

$MONKE is a bep20 token on the Binance Smart Chain network. Tokens can enter circulation through a balance being sent from the wallet containing the game rewards supply to the smart contract where they are stored (Users obtain their game rewards from this contract when they swap their vault points for tokens on the GameXChange platform.) Tokens can also enter circulation by being given out as part of promotional efforts such as a contest or giveaway.

The bep20 $MONKE token has a tokenomic structure that is designed to benefit the treasury, the token holders and reduce the rate at which tokens leave the game rewards wallet.

Tokenomics:

3% of buy and sell transactions is sent to the treasury for marketing and development

3% of buy and sell transactions is reflected to all token holders proportional to the size of their holdings relative to the total supply

3% of buy and sell transactions is sent to the game rewards wallet

An erc20 $MONKE token will be deployed in Q1 2022. This token will have different tokenomics, inclined towards generating revenue for the treasury as well as increasing liquidity of the token in the WETH/MONKE pool.

Tokenomics:

7% of buy and sell transactions is sent to the treasury for marketing and development

2% of buy and sell transactions is liquidated (50% to ETH, 50% kept as MONKE) and added to the liquidity pool.

The 2 tokens will be swappable 1:1 in a token bridge. The token bridge contains both bep20 and erc20 $MONKE tokens. When one kind of token is swapped for another, the sent tokens are deposited into the bridge and the corresponding amount can be claimed upon the user switching to the corresponding network in their wallet. Due to not having originally planned for the bridge, there is the original 9% tax on bep20 tokens sent but none on claiming erc20 or bep20 nor sending erc20 tokens.