Elementals Mint and BBB

Minting and Buy back and burn mechanism

Elemental Mint

The minting of the elementals can be done with both $GENERA or $SOL. The cost basis of mint with $GENERA will be 20% cheaper than $SOL to incentivize the purchase of the token by different unique users.

This 20% value cannot be maintained 100% accurate due to $GENERA and $SOL value fluctuations but the smart contract adapts the $GENERA mint cost on an hourly basis to ensure that the discrepancy is not large for long periods. Despite the constant calibration, this will certainly allow for arbitrage opportunities, increasing the overall volume of the ecosystem and, consequently, the interest in it.

In addition, for a user to mint any elemental, they have to have 10,000 $GENERA tokens. This increases the need for $GENERA and also adds a certain type of scarcity to the token.

Buy Back and Burn Mechanism

The buy back and burn (BBB) mechanism is done via the revenue of the project. All the revenue acquired either by elemental minting or secondary market fees is used to buy back and burn $GENERA from the open market, making it deflationary.

In the case that the user pays the elemental minting with $GENERA, those tokens are all burned. If paid with $SOL then that $SOL is used to market-buy $GENERA and burn the amount acquired. Therefore, $GENERA becomes scarcer with game adoption.