RITZ Tokenomics
Emission rate
Per block
| Metric | Emission/block (RITZ) | Emission/day (RITZ) |
|---|---|---|
| Emission | 40 | 1,152,000 |
| Burned | -25 | -720,000 |
| Effective Emission | <15 | 386,000 |
In addition to the above, a dynamic amount of RITZ is also minted to the Dev address at a rate of 9.09%. This means that if 100 RITZ are harvested, then 9.09 RITZ is minted in addition and sent to the Dev Address.
However, all CAKE minted to the Dev address is burned in the weekly burn and never enters circulation. As such, we have not included it in the above emission rate.
Other Deflationary Mechanics
At present, RITZ is also burned in the following ways:
- 0.05% of every trade made on RitzCoin
- 100% of RITZ sent to the Dev address
- 100% of RITZ bid during Farm Auctions
The burning process is currently manual. View burn transactions here.