Tokenomics

GODL is a fair launch cryptocurrency. It has a capped maximum supply of 21 million tokens and zero insider or team allocations. All minting is programmatically controlled by a smart contract on the Solana blockchain. The protocol mints approximately +10 GODL per minute as part of the standard mining process, with an additional +2 GODL added to the motherlode jackpot pool. New tokens can always be mined as long as the current circulating supply is below the maximum supply limit.

In total, 11.5% of all SOL mining rewards are collected by the protocol as revenue. The protocol automatically uses 10% of all SOL mining rewards to buyback the GODL token off open market, reducing circulating supply. An additional 1% of SOL mining rewards goes into the Dual Motherlode pool. Finally, the remaining 0.5% of all SOL mining rewards is the admin fee. These buybacks help offset the cost to holders of mining new tokens. The term 'bury' is used here to indicate that burned tokens can be reminted as long as circulating supply is below the maximum supply limit.

Below is a breakdown of all fees charged and managed by the protocol:

• 10% of all SOL mining rewards are collected by the protocol as revenue for buybacks.
• 1% of all SOL mining rewards are added to the Dual Motherlode SOL pool.
• 10% of all GODL purchased through the buyback program is distributed to stakers as yield.
• 10% of all unrefined GODL claimed are redistributed to other miners in proportion to their unrefined GODL.
• 0.5% of all SOL deployed by miners is collected as an admin fee to support development, operations, and maintenance.
• 0.5% of claimed SOL and GODL rewards are sent to the person who referred you as a referral bonus.
• 0.00001 SOL is collected by the protocol as a deposit when opening a new miner account in case the account needs to be checkpointed to avoid losing mining rewards.