Aerospace Finance
Galaxy Token

Basic Information

  • Token Name: GALAXY
  • Official Token Symbol: GALAXY (will be used as token for liquidity mining)
  • Official Token Contract Address: Link will be added after farming starts
  • Chain: Boba Network
  • Total Supply: 500.000.000 GALAXY
  • Initial Minting Rate: 15 GALAXY per block

Deflection Mechanism

$GALAXY tokens has a unique approach on current DeFi world. Minting new tokens on every block causes inflation and continuously increase the total supply. This causes price destabilization and a huge inflation problem on long-term. If we conclude this old minting system it decrease the life span of DeFi project if utilization is not handled.
As Aerospace Finance we developed a different mechanism named Deflection Mechanism to solve this inflation problem. $GALAXY token has a limited supply and every transaction happens in blockchain causes decrease on total $GALAXY supply. Theoretically this mechanism will burn most of total supply at long-term. For utilization system Aerospace Finance offers various products for users, and in order to use these products users have to burn some $GALAXY tokens and it will also cause decrement on total supply which we achieved.

Burn Mechanisms

There are various burn mechanisms implemented on Aerospace Finance structure. We aim to decrease $GALAXY total supply with these mechanisms and achieve price maturity as soon as possible.
If we have to list these burn mechanism, we have made these;
  • Transaction Taxes : There is a dynamic transaction tax system implemented on $GALAXY token, which on every transaction a percentage of $GALAXY will be burnt.
  • Trade Taxation : On every trade transactions (buy/sell) have different taxation. Trade taxations will not be cumulatively summarized with transaction fees. The dynamic percentage of this taxation will be burnt. Other part will be added for liquidity.
  • Cosmic Farm Harvests : Whenever a Galaxy Farm Delegator added to a Galaxy Farm. It harvests can be automatically used for buy-back & burn $GALAXY token without decreased from users stakes & earnings.
  • Index Deployment : With Interstellar system we offer our users to deploy their own indexes. To deploy an index, user have to burn some $GALAXY tokens. Also every indexes deployed on Aerospace Network has to include a constant ratio of $GALAXY token. This product will increase the demand of $GALAXY token also decrease the total supply.
  • Satellite System : There is dynamic ratio of burn percentage on every option trading.
  • Locked Staking : We are offering a high APY ratio on our Locked Staking with vesting periods. But if user withdraws before the vesting ends, the users earnings will be burnt and deducted from total supply.
  • Launchpad : Aerospace Finance will deploy lift-off for new projects. Users will able to commit liquidity tokens to apply these lift-offs. The $GALAXY part of this liquidity tokens will be burnt.
  • GameFi : Aerospace Finance has a great partnership with a game development team. In future we offer GameFi projects which games utilizes $GALAXY token.

Transfer Tax

  • Automatic Liquidity Rate: 75% of transfer tax will be used for GALAXY (a special auto buyback and burn mechanism).
  • Burn Rate : 25% of transfer tax will be burnt forever.
  • Total Transfer Tax Rate: 2% of each transfer.
  • Buying transactions & interacting with Aerospace Ecosystem's smart contracts will be deducted from transfer tax.
  • Sell transactions will have 10% transfer tax in first week. Afterwards its decreased gradually with maturity of price.
  • Transfer Tax and burn rates will be adjusted every week depends on the inflation of GALAXY.

Farming Rate

  • $GALAXY farming rate will be calculated as 15 GALAXY per block. This ratio will be adjusted every week. Adjustment will also depends on average block count on Boba network.
  • Gradually reduced to 50.000 $GALAXY / day or lower until all coins are mined.