Burning

About Burning

In addition to emission restrictions, Gethar incorporates several layers of deflationary measures—controlled token burning and flexible economic constraints—that ensure the project's long-term health. These mechanisms remove excess tokens from circulation and stimulate demand. The key tools include:

Burning on Failed NFT Upgrades: When a player attempts to level up their NFT character and the attempt fails, the tokens spent on the upgrade are fully burned. For higher levels, the cost of an attempt is significant, meaning a failure results in the removal of a substantial number of tokens from circulation. This creates natural deflation as competition for high-level characters increases. (More details on the upgrade mechanics can be found in the NFT section.)
Burning of Transaction Fees: A portion of the fees collected within the app (e.g., a commission percentage from transactions on the NFT marketplace) is regularly sent to a token-burning address. Thus, a portion of the tokens from each trade is destroyed. Users don’t directly notice this, but over time, the total emission decreases.
Chests (Loot Boxes) and Lotteries: To obtain additional NFTs, chests with random rewards are available. To open a chest, a player pays a certain amount of GTH tokens—and this payment is also burned. Moreover, high-rarity chests cannot be purchased directly; they can only be earned through gameplay, which adds to their value. Similarly, participation in lotteries or raffles for rare NFTs requires purchasing a ticket with tokens, and a specified percentage of all such bets is also destroyed after the draw concludes.
Tax on Guest Visits: The owner of a virtual room in Gethar can set a small “tax”—a percentage of the tokens mined by guests in their room. This percentage is automatically transferred to the host. To prevent the accumulation of excess tokens, the system is designed so that 20% of all taxes collected this way are burned weekly. Thus, player activity benefits room owners, but a portion of the rewards is removed from circulation, maintaining scarcity.
Payment for Decor Bonuses: Owners of rare NFT decor can activate special bonuses for their rooms (e.g., temporarily increasing the room’s token mining limit). Activation requires paying a fixed amount of GTH—these tokens are fully burned upon activation, serving as a fee for enhancing the experience while simultaneously reducing the circulation of coins.
Event Participation Fees: Occasionally, participation in tournaments or special events may require an entry fee (or stake) in tokens, contributing to the prize pool. At the end of the event, a portion of unclaimed or specifically allocated tokens is burned—for example, 20–50% of the remaining funds, depending on the rules of the specific event.

In addition to burning, other economic control mechanisms are implemented: Limits on Token

Mining and Withdrawal: Each room in the game has a weekly limit on the number of tokens that can be earned within it (the limit resets every 7 days). This prevents endless “farming” in one location and encourages exploration of different rooms. Additionally, a dynamic limit on token withdrawals from the app per user per week is introduced, tied to the project’s overall liquidity. If market liquidity is low, the withdrawal limit decreases, preventing individual players from crashing the price through mass selling. Conversely, when liquidity is high, the limit expands, allowing freer trading. This adaptability ensures financial stability during periods of both growth and decline in activity.
Liquidity Reserve and Interventions: As mentioned, 15% of tokens are allocated to market support. Part of this reserve can be used to create or replenish liquidity pools, or to buy back tokens from the market if the price drops excessively. The project thus acts as a guarantor of liquidity, smoothing out sharp fluctuations and maintaining investor confidence.

Collectively, these measures—limited emission, reward reduction, regular burning, and dynamic restrictions—form a multi-layered protection for Gethar’s economy. They keep GTH token inflation under control and create conditions where, as the platform’s popularity grows, the value of each token to the community increases. As a result, the tokenomics of Gethar: Meet & Earn are aimed at long-term sustainability, rewarding dedicated participants while ensuring stability for new users and investors.

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Last updated 5 days ago

Burning on Failed NFT Upgrades: When a player attempts to level up their NFT character and the attempt fails, the tokens spent on the upgrade are fully burned. For higher levels, the cost of an attempt is significant, meaning a failure results in the removal of a substantial number of tokens from circulation. This creates natural deflation as competition for high-level characters increases. (More details on the upgrade mechanics can be found in the NFT section.)
Burning of Transaction Fees: A portion of the fees collected within the app (e.g., a commission percentage from transactions on the NFT marketplace) is regularly sent to a token-burning address. Thus, a portion of the tokens from each trade is destroyed. Users don’t directly notice this, but over time, the total emission decreases.
Chests (Loot Boxes) and Lotteries: To obtain additional NFTs, chests with random rewards are available. To open a chest, a player pays a certain amount of GTH tokens—and this payment is also burned. Moreover, high-rarity chests cannot be purchased directly; they can only be earned through gameplay, which adds to their value. Similarly, participation in lotteries or raffles for rare NFTs requires purchasing a ticket with tokens, and a specified percentage of all such bets is also destroyed after the draw concludes.
Tax on Guest Visits: The owner of a virtual room in Gethar can set a small “tax”—a percentage of the tokens mined by guests in their room. This percentage is automatically transferred to the host. To prevent the accumulation of excess tokens, the system is designed so that 20% of all taxes collected this way are burned weekly. Thus, player activity benefits room owners, but a portion of the rewards is removed from circulation, maintaining scarcity.
Payment for Decor Bonuses: Owners of rare NFT decor can activate special bonuses for their rooms (e.g., temporarily increasing the room’s token mining limit). Activation requires paying a fixed amount of GTH—these tokens are fully burned upon activation, serving as a fee for enhancing the experience while simultaneously reducing the circulation of coins.
Event Participation Fees: Occasionally, participation in tournaments or special events may require an entry fee (or stake) in tokens, contributing to the prize pool. At the end of the event, a portion of unclaimed or specifically allocated tokens is burned—for example, 20–50% of the remaining funds, depending on the rules of the specific event.

In addition to burning, other economic control mechanisms are implemented: Limits on Token

Mining and Withdrawal: Each room in the game has a weekly limit on the number of tokens that can be earned within it (the limit resets every 7 days). This prevents endless “farming” in one location and encourages exploration of different rooms. Additionally, a dynamic limit on token withdrawals from the app per user per week is introduced, tied to the project’s overall liquidity. If market liquidity is low, the withdrawal limit decreases, preventing individual players from crashing the price through mass selling. Conversely, when liquidity is high, the limit expands, allowing freer trading. This adaptability ensures financial stability during periods of both growth and decline in activity.
Liquidity Reserve and Interventions: As mentioned, 15% of tokens are allocated to market support. Part of this reserve can be used to create or replenish liquidity pools, or to buy back tokens from the market if the price drops excessively. The project thus acts as a guarantor of liquidity, smoothing out sharp fluctuations and maintaining investor confidence.