GATs are pre-mined and limited to a total supply of 1,000,000 tokens. They are used by investors to participate in the yield farming of Alchemy Toys and all related DApps
GATs give you a way to earn rewards from the financial dynamics of Alchemy Toys, NFT Marketplace and further games. As a highly versatile DeFi-vehicle, they are a way to support the projects in an early stage and automatically secure financial payouts ad-infinitum. Furthermore, you are able to use them as a privileged payment method at the marketplace – trades with GAT are free of marketplace fees.
GATs are pre-mined. Limited to 1,000,000 tokens they have a rather deflationary effect on the eco-system .
The payouts are direct, in the network’s (Binance Smart Chain) underlying currency token (BNB). As with Toy NFTs, there is no pressure to sell the GATs to be able to profit economically , making the system’s financial dynamics more stable.
A staker can choose to lock his GATs in one of the projects to be able to participate in the yield farming. Future games are already in the planning phase, where the same tokens will be used in a similar manner.
The deflationary characteristic of GAT + growth potential of Alchemy Toys and the NFT Marketplace (Minted Vodka) + future projects; all these factors lead to possibly perpetually growing returns and an increasing value of GAT .
In Alchemy Toys you are required to stak your GAT for at least one full game epoch before you become eligible for rewards. The game rewards the staked GAT-owners proportionally to the stak’s size. 20% of the epoch’s treasury goes to GAT-stakers (we call them “shamans” in the game). This approach hinders pump&dump dynamics and gives the system more stability .