$GAME Token
$GAME is the governance token of GNDX Protocol. Holders who lock $GAME as veGAME gain voting power over protocol parameters and earn a share of protocol fee revenue.
Key Properties
| Property | Value |
|---|---|
| Type | Arbitrum-native ERC-20 with ERC20Votes extension |
| Total Supply | Exactly 200,000,000 — fixed forever |
| Governance | Yes — lock as veGAME to vote |
| Staking yield | Yes — via veGAME protocol fee revenue share |
| Upgradeable | UUPS proxy — no mint function after initialization |
All 200,000,000 $GAME tokens were minted to the treasury multisig at contract deployment. There is no mint function. No governance vote, no admin action, no upgrade can ever create new $GAME tokens. This is enforced at the contract level.
Token Distribution
This is the planned $GAME tokenomics. No private seed round or public presale has been conducted yet. Final allocation mechanics, vesting schedules, and round structure will be confirmed prior to TGE and may differ from the table below pending governance and legal design.
| Allocation | Tokens | % | Vesting |
|---|---|---|---|
| Community & Ecosystem | 80,000,000 | 40% | 4-year linear |
| Protocol Treasury Reserve | 40,000,000 | 20% | 3-year linear, governance approval to spend |
| Founding Team | 30,000,000 | 15% | 1-year cliff, 3-year linear |
| Private Seed Round | 24,000,000 | 12% | 6-month cliff, 18-month linear |
| Public Presale | 16,000,000 | 8% | 3-month cliff, 12-month linear* |
| Advisors & Partners | 10,000,000 | 5% | 6-month cliff, 2-year linear |
*If a public presale is conducted, vesting includes an additional on-chain unlock condition — see Presale Mechanics below.
Circulating Supply Schedule
This schedule reflects the planned distribution above. Actual unlock events will track whichever rounds are ultimately conducted prior to TGE.
| Milestone | Circulating $GAME | % of 200M | Key Unlock Event |
|---|---|---|---|
| Launch Day 0 | 30,000,000 | 15% | Initial liquidity + partially unlocked presale |
| Month 3 | 40,000,000 | 20% | Presale 3-month cliff expires |
| Month 6 | 52,000,000 | 26% | Seed cliff + advisor cliff expire |
| Month 12 | 72,000,000 | 36% | Team cliff expires |
| Month 18 | 95,000,000 | 47.5% | Seed fully vested, presale fully vested |
| Month 36 | 155,000,000 | 77.5% | Team vest ends |
| Month 48 | 200,000,000 | 100% | Full dilution reached |
Historically, vote-escrowed protocols see 20–40% of circulating supply locked. If 30% of 72M circulating tokens are locked at Year 1 end, effective liquid float is approximately 50M — significantly reducing sell pressure.
Presale Mechanics
No public presale has been conducted yet. The mechanic below describes the on-chain design encoded in PresaleVesting.sol if and when a public presale is conducted.
If a public presale is conducted, participants would purchase a $GAME allocation, but the vesting clock would not start until the participant has minted a qualifying amount of $GNDX on-chain:
- A presale participant who purchases X USDC worth of $GAME must first mint at least X USDC worth of $GNDX
- The vesting contract monitors MintEngine for a qualifying deposit from the participant's wallet
- Until that deposit is confirmed on-chain, the 3-month cliff does not begin
- This is enforced by smart contract — not a pledge or honour system
Why this matters: It ensures every early governance participant is also an index holder with direct economic exposure to the protocol's performance. It ties governance token distribution to actual protocol usage.
How $GAME Accrues Value
$GAME holders who lock tokens as veGAME receive a share of protocol fee revenue:
- 65% of USDC revenue goes to the treasury for ongoing development
- The remaining 35% is swapped to $GAME in a single Uniswap V3 trade, then split:
- 25/35 of the $GAME is deposited to VeGAME.depositFees() for pro-rata distribution to lockers
- 10/35 of the $GAME is permanently burned (supply reduction)
At $10M TVL, this means ~$26,250/year flowing into $GAME buyback operations from fees alone.
Locking for veGAME
Lock $GAME to receive veGAME (vote-escrowed GAME). Longer locks give higher multipliers and more fee revenue share. See veGAME for the full mechanics.
Contract Address
The $GAME contract is a UUPS upgradeable proxy that will be deployed to Arbitrum One. Contract addresses will be published once mainnet deployment is complete.
See also: veGAME · Locking $GAME · Governance