$AICODE new Tokenomics and related product proposals

On May 23 (https://twitter.com/ArbDogeAI/status/1660964834731773952) the community voted to stop the issuance of $AICODE with an initial hard cap of 21 million tokens, and the total number of $AICODE was fixed at 1,025,569.669477.

From the perspective of DEVs, we understand why the community proposed this proposal at that time. At the beginning of $AICODE mining, due to the issuance starting from zero, even though there is a detailed explanation about the daily inflation rate stated in the DOC, the excessively high initial market pricing plus the excessively high daily inflation rate make $AICODE holders feel some pressure. Especially when the AIFI product has not been launched, the role of $AICODE is limited to the exchange of NFT and the temporary allocation of a part of the Tax Burn fee.

But a token’s price is not just related to the quantity and the share you have, it comes from the value. This is illustrated by the price of $AICODE after ceasing issuance.

The AI team hopes to solve the current problems of $AIDOGE and $AICODE as soon as possible. How to restore the role of $AICODE as the ecosystem engine of ArbDoge.AI while protecting the interests of $AICODE holders, as well as relatively perfect and quickly ensure the value of $AICODE, the burning of $AIDOGE, and as well as impose some restrictions on arbitrageurs. some restrictions on arbitrageurs.

So here comes the new Tokenomics.

Before voting, I suggest you read the above content repeatedly. The first thing to understand is that the starting point for the team to do all this is not to dilute the value of $AICODE, but to hope to break the current situation of $AICODE and $AIDOGE more comprehensively and relatively quickly. It is impossible to achieve this by sacrificing the interests of $AICODE holders.

Whether to restore the hard cap of $AICODE to the initial 21 million will be decided by the community using $AICODE to vote on the condition that a complete product package is provided. And AICODE holders will receive six times the token compensation, compared to before the issuance ceased.

Full Proposal:

From the following proposal, the development and testing time of the game is about 45 days. The development and testing time for other content except games is about 20 days. This does not include code audit time.

Resume $AICODE Mining. Replace the old $AICODE with the new $AICODE. The hard cap of the new $AICODE is still 21 million, and the Trading Mining and Burning Mining of $AICODE will be resumed. The initial circulation proportion of the new $AICODE is 30%, about 6 million tokens. Each old $AICODE can be replaced by the new $AICODE with a ratio of about 1:6.

The new $AICODE has a Tax Burn mechanism, which is not a transaction tax. It includes taxes on transfer action and smart contract interaction action. However, no tax will be deducted for staking or adding and removing $AICODE LP on the official website, as well as for other whitelist-setting interactions.

AICODE’s Tax Burn ratio is 8%. 2% will be burned ($AICODE will become a deflationary token), 4% will be allocated to new $AICODE stakers, and 2% will be deposited in the treasury for flexible use.

Staking system upgrade: The upgrade of the staking system is effective for both old and new AICODE. There are concepts of lock time and exit fee. The staking time can be selected from 1 month to 2 years. The longer the staking time, the greater the weight of voting rights and rewards obtained. If the $AIDOGE and AICODE are withdrawn before the end of the staking period, an exit fee will be charged. Exit fee: 30% burned, 50% distributed to other stakers, 20% distributed to the team.

Distribution of new $AICODE Mining output: 40% Burning Mining (as for the $AIDOGE collected, 40% burned, 20% allocated to new $AICODE stakers, 40% AIFI treasury), 40% Trading Mining, 10% allocated to $AICODE stakers, 10% treasury, and the treasury part will be used in the early stage to guide liquidity. Guiding liquidity is not a long-term effort. When the liquidity in DEX meets the evaluation, liquidity incentives will be stopped. We will set up a whitelist for $AICODE’s LP staking and removing on the official website, and no tax will be deducted via the official website.

Emission rules for the new $AICODE. The total amount is 21,000,000, and 30% of the initial circulation is completely obtained by the old $AICODE holders. About one old $AICODE can get 6 new $AICODEs.

Mining output: 40% of the remaining output in the first year, 30% in the second year, 20% in the third year, and 10% in the fourth year.

After the original Lucky Drop stops running, we will create a relatively simple GameFi.

Brief introduction of the GameFi. Similar to Monopoly, it is a turn and season-based game. Everyone can use "Ticket NFT" and $AIDOGE to participate and deeply participate in the game. You can get basic points by choosing the camp you support among the four AI BOTs by putting in the ticket NFT. Some props will be dropped on the map randomly or by AI BOT, and the props will affect the game result. Each gamer will be eligible to use $AIDOGE to replace AI BOT props after a certain number of times the ticket NFT is consumed in each game, and different points will be obtained according to the contribution.

The $ARB rewards accumulated in the game from the $AIDOGE Tax Burn originally belonged to Lucky Drop and the $AIDOGE received in the game will be distributed based on the following rules:

70% reward the winning camp in the current season, and each gamer from the winning camp will be rewarded according to their points.

25% precipitated to the next season.

5% distributed to AICODE stakers.

How to get ticket NFT: Through on-chain trading $AIDOGE, you can not only participate in Trading Mining, but also get Ticket NFT if a certain amount is met.

50% of the royalties of the Ticket NFT will also be distributed to AIDO NFT stakers.