GameNomics
Unveiling Game-nomics in DegenHive: The Role of HIVE and HONEY Tokens
Last updated
Unveiling Game-nomics in DegenHive: The Role of HIVE and HONEY Tokens
Last updated
DegenHive introduces a unique approach to in-game economics (game-nomics) through the utilization of two distinct tokens: HIVE and HONEY. These tokens play a crucial role in powering the platform's DeFi features, facilitating governance, and driving user engagement.
HIVE is a native Sui coin that is used to accumulate energy points for a dragon-bee and is lockable for max 4 years with the dragon-bee.
HONEY is a native Sui closed-loop-token with a 3% burn tax and is used to accumulate health points for a dragon-bee.
DegenHive generates revenue through various streams including its Automated Market Maker (AMM), fees on liquid staking rewards, and trading royalties from dragon-bee marketplace trading.
All protocol revenue is strategically used to:
Buyback SUI from the market
Use SUI to buyback HIVE and HONEY in a 50:50 ratio
Distribute HIVE and HONEY among dragon-bees based on HIVE and HONEY locked with them
