Glory
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$Glory token is the governance token of the FarmHero protocol.
$Glory token mints at a speed of 33.333 per second. The initial daily production rate is 2,880,000 $Glory per day.
The production speed will decrease by 10% every 7 days, for 21 times. After that, $Glory token will keep the speed. The first year will produce 255521677 $Glory token, after that, each year will produce 127,451,238 $Glory token.
Both the auction game and the fomo game are designed to burn $HERO token continuously. It will ensure that $HERO price is supported and avoid the sell-off of normal yield farming protocols.
Percentage
Usage
30%
Reserved for Future NFT Farming
30%
Vault Farming
23%
Reserve for Ecosystem such as partnership and future incubation
5%
Genesis NFT Farming
7%
Team
5%
Community Rewards such as bug bounty, marketing campaign, airdrops
Right now, as we are at genesis yield farming, most of the tokens produced each day (60% around) are locked. Please check our website for the current circulating amount of $Glory token. With the deflationary design the team expect the token supply would be stabled at 300 million - 400 million.
There is a max supply of 500 million $Glory tokens. When it reaches 500 million, $Glory won't mint. Tho this will change according to DAO vote by $Glory token holders.