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BLOCK TOKEN - DEFLATION
BLOCK token staking
Users can stake BLOCK tokens to access the athlete IDOs, in addition, all stakers will receive 30% APR on their staked tokens. When tokens are staked they are removed from the open market, reducing the supply.
Athlete IDOs
Each athlete will have a token pre-sale for their own token, with at least 25% of token pre-sale funds used to purchase BLOCK and then used in the smart contract for the token bonding curve, locking away BLOCK supply. As more athletes release tokens, more BLOCK is purchased off the open market and locked away reducing the BLOCK supply on markets. Athlete tokens on the bonding curve will be readily available to swap for BLOCK, but the majority of the tokens will be locked into the contract.
Last modified 9mo ago