Tokenomics
Step into the Bandit universe - a Zano-based project designed to shake up the game. Bandit’s tokenomics is all about harnessing the wild west spirit: incentivizing users, driving scarcity, and creating an ecosystem where every transaction brings the community closer to a shared treasure.
Core Tokenomics Model
1. Fee Structure and Discounts: Bandit’s Gold Rush
In the Bandit ecosystem, every operation feels like striking gold. Users who pay fees with Bandit coins not only get a sweet deal but also contribute to the legendary coin burns.
In-Wallet Swaps: Trading Loot
Base Fee: 0.3% of the transaction value.
Discount for Bandit Holders:
10% discount if fees are paid in Bandit coins → Effective Fee: 0.27%.
Tiered Discounts based on Bandit coin holdings:
Tier 1: Hold 1,000 Bandit coins → 10% discount.
Tier 2: Hold 10,000 Bandit coins → 15% discount.
Tier 3: Hold 50,000 Bandit coins → 20% discount.
Fiat On/Off-Ramps: Bridging Two Worlds
Base Fee: 2.5% of the transaction amount.
Discount for Bandit Holders:
10% discount if fees are paid in Bandit coins → Effective Fee: 2.25%.
Tiered Discounts:
Tier 1: Hold 1,000 Bandit coins → 10% discount.
Tier 2: Hold 10,000 Bandit coins → 15% discount.
Tier 3: Hold 50,000 Bandit coins → 20% discount.
2. Coin Burn Mechanism: Into the Fire
Bandit’s coin burn is a spectacle worthy of a gunslinger showdown. Every fee paid in Bandit coins contributes to reducing the supply—a burning process that immortalizes each transaction.
Fee Payment in Bandit Coins: Users can opt to pay discounted fees using Bandit coins.
Tool Unlock Burn Model: Bandit tools, including the airdrop tool, shared staking, and trade tools, will be unlockable using Bandit coins.
Burn Wallet Accumulation: All Bandit coins collected as fees and unlocks are transferred to a publicly visible burn wallet.
Scheduled Burns: Coins are burned monthly or quarterly, ensuring transparency and creating consistent events for community engagement.
Example Calculation:
If the wallet generates $1M in monthly fees and 25% of users pay in Bandit coins:
$250,000 worth of Bandit coins are collected.
These coins are permanently burned, reducing the circulating supply significantly over time.
3. Incentives for Bandit Holders: Rewards for the Brave
Bandit’s tokenomics rewards those bold enough to stake their claim:
Fee Discounts: Reduced fees for in-wallet swaps and fiat ramps, encouraging more transactions.
Loyalty Rewards: Exclusive perks for long-term holders, such as airdrops, premium features, or higher staking yields.
Community Recognition: Leaderboards and badges for top contributors who drive significant burns.
4. Transparency and Community Engagement: A Clear Path to Glory
Bandit ensures transparency in its tokenomics and actively engages the community in its journey to scarcity: Burn Tracker You can now follow Bandit’s burn progress both on our website and directly in your own Zano wallet.
2. Zano Wallet Tracking To track the burn wallet in your own Zano wallet:
Open the Zano wallet application
Create a new wallet and select "Restore from back-up"
Enter the following tracking key: aZxb4jjmDZCF8jHoFy8mRtToqBsMovC8gLwtUHj2UWQoHvD2MkRhegaHto5D63yQb42NoJiSnxECrhqYrHLMpvXQPnnxCLVANuA:8b1a6ef3fc9d9bfd246b6f802d3ae3c2c8b48c73e1f5541ccc4e0afd7083490e:1739447155
This gives full visibility into real-time burn activity from both the site and your wallet.
Scheduled Burn Events:
Regularly publicized burn events with countdown timers to build anticipation.
Post-event summaries detailing the number of coins burned and updated supply metrics.
Community Challenges:
Goals tied to ecosystem milestones (e.g., burning 1M Bandit coins unlocks exclusive rewards for participants).
5. Gamified Ecosystem: The Thrill of the Chase
Bandit gamifies the user experience to keep the excitement alive:
Dynamic Discounts: Adjust fee discounts based on market conditions or ecosystem activity.
Burn Milestones: Celebrate significant burn achievements (e.g., "10% of supply burned") with special events or NFT drops.
Referral Programs: Encourage users to bring new participants into the ecosystem by rewarding both referrers and referees with bonus Bandit coins.
Bandit’s Eternal Flame
Bandit’s tokenomics aligns with its mission to create a thriving, engaged ecosystem built around utility and scarcity. By integrating fee discounts, regular burns, and community-driven incentives, Bandit ensures long-term sustainability and value for its holders and users. The transparent and gamified approach makes Bandit not just a coin but a pivotal part of the Zano ecosystem.
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