GorplesCoin
  • GorplesCoin: The New Next Generation Memecoin
  • ☯️ Citizens of Gorpopolis
    • Hippie Gorple
    • Cyberpunk Gorple
    • The Gorple Governance Council
  • ⚖️ Gorplenomics — Next Generation Fairness
    • Liquidity Pools and Farms
    • Lock, Redeem And Yield Booster
    • Supply Distribution
    • Token Utility
    • Liquidity Mining Incentives
  • 💨 Gorple Games
    • Game Mechanics
    • How To Play
  • 🌋Buyback-And-Burn
    • Tax Fee
    • Farm Deposit Fee
    • Chest Opening Fee
  • ❓FAQ
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🌋Buyback-And-Burn

PreviousHow To PlayNextTax Fee

Last updated 10 months ago

At Gorples, our biggest focus is rather simple - bring the biggest value to our Gorples community. For us, having a robust token price is not just a 'nice-to-have'; it's critical for our project's reputation and reach. With GORPLE at the core of our ecosystem, an upward price trajectory encourages users to engage deeply—battling for supply, which then triggers more buybacks and token burns.

These processes establish a self-reinforcing cycle where more user engagement directly translates into more GORPLE tokens being burnt. We firmly believe in the 'efficient-market hypothesis,' which theorizes that if supply is burnt, market participants will arbitrage that market capitalization loss by purchasing more tokens, thus driving the price higher. The end goal here is to become the first highly-deflationary, fairly distributed memetoken.

There will be four types of fees leading to the deflation of the $GORPLE token:

Slashing Mechanism
Tax Fee
Farm Deposit Fee
Chest Opening Fee