$WAGEY Deflationary Model

WAGEY token is designed with a deflationary model to ensure long-term value appreciation and sustainability within the ecosystem. This model is integrated into the mechanics of our flagship protocol.

1. Token Burn Mechanism (PLANNED AFTER LAUNCH)

Buy-In Process: When players participate in games such as Flappy Pepe, they can buy in using WAGEY tokens. The buy-in amount is allocated as follows:

• Prize Pot: 60% of the tokens are allocated directly to the prize pot, which players can compete to win by achieving the highest score.

• Treasury Wallet: 30% of the tokens are sent to the treasury wallet. These tokens are used to support future prize pools, game development, and ecosystem growth.

• Token Burn: 10% of the tokens used for the buy-in are burned, permanently removing them from circulation. This burn mechanism reduces the total supply of tokens, creating a deflationary effect.

2. Winning and Prize Distribution

High Score Rewards: When a player sets a new high score in Flappy Pepe, they are rewarded with the prize pot, which consists of a combination of WAGEY tokens and ETH. To further enforce the deflationary model, a portion of the WAGEY tokens from the prize pot (e.g., 5%) is burned upon the player's claim, contributing to the reduction of the overall token supply.

3. Pot Refill with Burn

Pot Refill Mechanism: After each high score win, the prize pot is refilled using a portion of the WAGEY tokens held in the treasury wallet. During this refill process, an additional percentage of the tokens (e.g., 2-3%) is burned, further ensuring the deflationary nature of the token.

4. Additional Deflationary Features

Entry Fees for Tournaments and PvP Games: As we expand beyond Flappy Pepe, future games like Tank Rumble and Puzzle Challenges will incorporate entry fees in WAGEY tokens. These entry fees will follow a similar allocation, with a fixed percentage of the tokens being burned.

Summary

The deflationary token model for WAGEY ensures a gradually decreasing total supply, increasing the scarcity and potential value of the token over time. By integrating token burns into key gameplay and transaction mechanisms, we create a sustainable ecosystem that rewards active participants while maintaining long-term value for token holders.

This model not only enhances the intrinsic value of the WAGEY token but also aligns with our broader vision of creating a robust and engaging gaming ecosystem powered by Ethereum and the WAGEY token.