Tokenomics
Step into the Bandit universe - a Zano-based meme coin 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: A live dashboard on Bandit.city shows:
Total Bandit coins burned.
Impact of burns on the circulating supply.
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 meme coin but a pivotal part of the Zano ecosystem.
Stake your claim and join the Bandit revolution. Explore more at Bandit.city and be part of the legend!
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