Tokenomics are important
Briefly, supply and demand are the names of the game with tokenomics. As with all assets, the smaller the supply and the bigger the demand, the higher the value.
Therefore, it is essential to understand the total supply of each cryptocurrency and how much of this supply circulates.
Arab Network Blockchain
ArabCoin is the native token of the Arab Network blockchain, fueling all transactions, dApps, staking, and more.
ArabCoin holders can also participate in blockchain and Arab Network products governance, a transparent, immutable, determinist governance engine.
Staking Arab Coin is required to propose an article for the Arab Crypto Talk ecosystem, vote, and propose/vote on network governance actions. ARAB is staked by locking the coins in a vesting period that will be determined by the community vote.
Babylon charges a commission of 1% on each NFT sold in other cryptocurrencies or fiat, and 0.5 percent on each NFT sold in the platform's native utility coin "ArabCoin".
Within the Babylon ecosystem, ArabCoin is used as a utility token that enables users to fee discounts of 0.5%. in addition, The amount of ArabCoin is used to determine access to certain features, such as premium custom profiles, early access to new exclusive/special drops, and access to "members-only" areas, like the NFT Launchpad.
One billion ArabCoin will be minted at genesis to operate the blockchain with an annual inflation rate that the community will determine by voting to reward node validators.
ArabCoin holders will be able to use all Gate Pay payment solitons for free they only pay the network fees.
Non-stakeholders will pay an additional 0.1% + the network fees, making the Gate Pay fee policy the lowest in the payment gateways market.
Initial Token Distribution
The initial distribution of ArabCoin is as follows:
- 63.6% for the Arab Network community and the Public Sale
- 12.5% team & advisors
- 23.9% for referral, marketing and CEX listings
| Phase | Price (USD) | Token release schedule | Babylon NFT airdrop |
|---|---|---|---|
| Trench | 0.035 | 35% of the tokens will be released at TGE (Token generation event), and the rest will be vested 20% each month. | +20% chance of getting a legendary NFT |
| MAS | 0.05 | 40% of the tokens will be released at TGE, and the rest will be vested 25% each month. | +30% chance of getting a legendary NFT |
| Public Sale | 0.07 | 50% of the tokens will be released at TGE, and the rest will be vested at 25% each month. | +40% chance of getting a legen |