Tokenomics

There's currently no hard cap on the supply of WEED tokens, making it kind of an inflationary token but we counter that.

Community members often point to this as a cause for concern, and while the chefs certainly understand the wish for a hard cap, there's a big reason we don't expect to set one in the near future:

WEED's primary function is to incentivize providing liquidity to the exchange. Without block rewards, there would be much less incentive to provide liquidity (LP fees etc. would remain).

So what are the other ways WEED's supply is limited, to counter inflation?

How WEED supply is reduced without a hard cap

The chefs aim to make deflation higher than emission by building deflationary mechanisms into Weedswap's products and doing manual burns and buybacks. The goal is for more WEED to leave circulation than the amount of WEED that's produced.

Reducing block emissions

By reducing the amount of WEED made per block, we also slow inflation.

Coffeeshop

In the Coffeeshop section you can stake $WEED to earn other Tokens (Stable coins, Partner Tokens or new Tokens), the Fee used to enter the Coffeeshop pool will be auto burned!

Deflationary mechanisms

Regular token burns (view burn address) are built into many of Weedswap's products (like a 10% burn of CAKE spent on lottery tickets), with more on the way. We also do manual burns with the Fees of the Farms & Pools.

Check the WEED Tokenomics page regularly for details on present and upcoming deflationary mechanisms.

Lottery

• Lottery Ticket Fee for 1 ticket: 1 WEED which will be burned

• Single User Lottery Entry Limit: No overall limit, but only 50 can be bought at one time through the UI

• Paying for one ticket will give users a random 4 digit combination with each digit being between 1-14, for e.g. “1-9-3-2”

Did you Lock Tokens/Liquidity for the Team & Charity?

Yes, We did lock the Team/Salary Tokens for 2 Years (25% release every 6 Months)

We did also lock the Development/Marketing Tokens for 1 Year [1% release every 4 days to work & grow with it]

Liquidity was locked but most is even provided by the Community

Charity Tokens Locked for 1 Year [1% release every 4 days to donate or collect for bigger campaigns]

Manual Burns & Buybacks

We burn Weed Tokens which come from Farm Entry Fees %.

In order to increase that amount, we will also do regular buyback of the Tokens (we buy $WEED with other Tokens [BUSD/BNB or others which we got from the other Farm % Fees]) in order to push the $WEED Price and burn the Token afterwards to reduce the circulating supply even more.