Vesting

One important aspect of the token economy is the vesting schedule for $EARNS tokens acquired by users by playing games through the Earnscape mobile app.

With a 0.5% daily vesting rate, $EARNS tokens received as ecosystem rewards fully vest after 200 days. Perks can increase this rate up to 1% per day, enabling full vesting of tokens received within just 100 days.

Unvested tokens can be staked and used to unlock perks without issue. Unvested tokens can also be transferred to another address or sold. However, doing so will subject any unvested tokens being sent to an early withdrawal fee of 50%. This 50% fee takes the form of a tax which transferred to the $EARNS reward pool, which is then given back to other users as rewards. The vesting calculation is applied to every deposit of $EARNS received by an Earnscape user and begins upon deposit.

If 100 $EARNS tokens are received by a user, then another 100 are received 50 days later, on day 100 that user has 50 tokens vested from the first deposit and 25 vested from the second deposit, for a grand total of 75 vested $EARNS tokens out of a total of 200 available. This assumes the user has no Vesting perks. If this user attempts to send 75 $EARNS, there is no tax. If the user tries to send all 200 $EARNS, the tax will be 62.5 $EARNS ([200 to send - 75 vested] * 0.5 tax), meaning 137.5 $EARNS will be sent to the receiving wallet and 62.5 $EARNS will be sent back to the $EARNS reward pool smart contract.

This means users who need to sell their $EARNS quickly can do so, but at a cost which is given back to ecosystem users as rewards.