Deflation mechanism
Coin Burning means to permanently remove part of the coins from market circulation. Destruction means that the number of circulation is directly reduced forever, which will directly cause deflation, which obviously has a more obvious driving effect on the rise of currency prices. MetaGrail can ensure the stability of the economic model to a large extent through deflation. Since MetaGrail tokens are divided into five years of fair distribution, Grail has fundamentally eliminated the problem of inflation. The main deflation mechanisms currently adopted are as follow:
  1. 1.
    Daily mining rewards some tokens, and the prize pool is calculated every ten minutes. If there are less than 2 participants, 2 million Grail will be destroyed;
  2. 2.
    Of the ticket revenue of each event, 50% goes to the organizer, 30% goes to the DAO community, and 20% of the Grail is destroyed.
  3. 3.
    The foundation regularly destroys 50% of the marketing and advertising revenue received.
In the future, MetaGrail DAO has free suggestions and decision-making powers on the deflation mechanism of the economic model, and can expand more Grail destruction mechanisms and application scenarios at any time.
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