Gaya Blockchain
  • Introduction
    • Legal Disclaimer
    • What is Gaya
    • Company Overview
    • Gaya Solution
    • Team
  • Executive Summary
    • Vision & Mission
    • Ecosystem Overview
    • Strategic positioning
  • Gaya Blockchain
    • GAYA Blockchain
      • Layer 1 Blockchain
      • Eco-Conscious Blockchain Design
      • Consensus Mechanism: Proof-of-Stake (PoS)
      • EVM Compatibility and Smart Contract Execution
      • Benefits of GAYA’s Architecture
    • Architecture Overview
      • Smart Contract Addressing and Transaction Handling
      • Smart Contract Address Generation
      • Address Format in GAYA
      • Address States in GAYA
      • Contract Deployment and Lifecycle
      • Transaction Handling in GAYA
      • Address Verification in GAYA
      • Security and Integrity in GAYA
      • Contract Deployment and Interaction
    • GAYA’s Data Structure: CAAS
      • Cell Variants in GAYA
      • Data Serialization in GAYA Cells
    • GAYA Blockchain Network
      • GAYA Mainnet
      • GAYA Testnet
      • Testnet Development Workflow
      • GAYA Testnet Faucet
    • GAYA Blockchain Network Protocols
      • Network Protocols
      • Data Propagation
      • Block Propagation
      • Network Security
    • Gaya Foundation
  • GAYACOIN
    • The Role & Utility of GayaCoin
      • Versatility Across Applications
    • Tokenomics & Vesting Schedule
    • Governance Structure & DAO Framework
      • DAO Structure
      • Governance Requirments
      • Voting Mechanisms: Quadratic & Reputation-Based Voting
      • Staking for Governance
      • Proposal Process
      • Limitations on Governance Authority
      • Benefits of GAYA’s DAO Framework
    • Dynamic Gas Fees & Optimization
    • Deflationary Model
    • Staking Formula
    • Gas Fee & Transactions Speed
  • Ecosystem
    • Interoperability & Integration
      • Cross-Platform Integration
      • EVM Compatibility for Enhanced Developer Access
      • Interoperable Financial Solutions
      • Interconnected Social & Gaming Experiences
      • Sustainable & Interoperable Ecosystem
      • Real-World Assets Integration & Tokenized Assets
      • Technical Infrastructure for Seamless Interoperability
    • Developer Ecosystem & Support Tools
      • Developer SDKs and APIs
      • Testnet Accessibility & GayaCoin Faucet
      • Bug Bounty and Grant Programs
      • Upcoming Developer Resources & Community Engagement
    • Blockchain Gaming in the Gaya Ecosystem
      • Key Features and Technical Infrastructure
      • Technical Implementation in Gaya Blockchain
      • Utility and Role of GayaCoin in Gaming
      • User Incentives and Benefits
    • Real-World Asset Tokenization
      • Real-World Asset Overview
      • Blockchain Integration and Technical Features
      • Role of GayaCoin in Real-World Asset Tokenization
      • User Incentives and Benefits
    • SocialFi on Gaya
      • SocialFi Overview
      • Blockchain Integration & Technical Setup
      • Role of GayaCoin in SocialFi
      • User Incentives & Benefits
    • Decentralized Finance (DeFi) on Gaya
      • DeFi Overview
      • Technical Infrastructure & Blockchain Integration
      • Role of GayaCoin in DeFi
      • User Incentives and Benefits
  • Governance Framework
    • DAO
    • Governance Tiers
    • DAO Treasury
    • Governance Evolution
  • Technical Overview
    • Consensus Mechanism: PoS
    • Blockchain Architecture
    • Smart Contracts
    • Data Structures
    • Network Protocols
    • Test-net & Main-net
  • Roadmap
    • Gaya Roadmap
  • Appendices
    • Appendices
      • Appendix A: Blockchain Technology
      • Appendix B: Layer 1 & Layer 2 Blockchain Solutions
      • Appendix C: Blockchain Gaming & DeFi
      • Appendix D: Social Media Tokenization and Investment
      • Appendix E: Tokenized Assets, Fractional Ownership, and Eco-Conscious Investments
      • Appendix F: Sustainability and Green Blockchain Initiatives
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  1. GAYACOIN

Deflationary Model

The GAYA blockchain implements a deflationary model to maintain token scarcity and drive long-term value appreciation. This model leverages fee-burning mechanisms and scheduled reductions in token supply.

  1. Transaction Fee Burns: A portion of the gas fee from every transaction is burned, permanently removing those tokens from circulation. This approach ties deflationary pressure directly to network activity, ensuring scalability aligns with token value. Formula for Burned Tokens per Transaction:

Burned Tokens = Base Fee × Gas Used

  • Base Fee: Dynamic fee determined per block, adjusted based on network demand.

  • Gas Used: Amount of computational resources consumed by the transaction.

Scheduled Token Burns: Periodic token burns are executed based on governance proposals and protocol milestones, targeting reserve tokens or collected fees.

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Last updated 4 months ago