🍌 NEW GAME FEES DISTRIBUTION SYSTEM

Between November 2nd and November 4th 2022, the DAO voted to have the BURN ratio of the $BANANAS game fees set at 50%.

As the current system only has a 25% BURN, it as some implications on the Re-distribution system as well.

Here is the current distribution of the GLMB Game fees collected each week:

Game Rewards of the following week : 50% Burn : 25% B.o.B : 12.5% Team : 6% LP rewards : 3.5% GLMJ lottery : 2% DAO treasury: 1%

As the new B.o.B drop rate will be 10% and the BURN 50% (as voted by the DAO) previously, we would like to suggest the following system for V1.5 :

Game Rewards of the following week : 20% Burn : 50% B.o.B : 10% Team : 10% LP rewards : 5% DAO treasury: 5%

GLMJ lottery : 0% -> we would abolish this system as the payout as been extremly low for the past few weeks averaging less than 1 $BANANAS per lucky winners per week.