The Gas Station
What is gas?
Gas in crypto refers to the computational effort required to execute operations.
You must pay a gas fee in order to make a transaction or execute a smart contract on Ethereum, or any blockchain. Regardless of the wallet you use, you will always need to pay for gas when executing transactions. Whether it be you are on the Ethereum Blockchain (ETH), L2 Chains such as Polygon (MATIC), or hard-forks like Binance Smart Chain (BNB).
Need to send some ETH? That transaction requires gas. Want to lend out your money via Defi Protocols? That transaction requires gas too. What about buying an NFT or playing a blockchain based game? You guessed it–gas. Gas is like a toll. If you want to use the highway, you have to pay the toll. The more duress a vehicle puts the road under, the higher the toll the driver must pay. Tolls are a lot higher for 18 wheelers than motorcycle drivers.
Introducing The Gas Station. Passive gas rewards coming to every EVM-based blockchain.
The Gas Station is an idea turning to reality, our token(s) reward gas (ether) to token holders, ensuring they will never face issues with being short for a transaction again. We will use fees gathered from the token tax to build a cross-chain bridge for token holders to use for free. The income generated from the bridge by use of non-token holders will be used to buy back the GAS token(s) and sent to a dead wallet. Over time this should radically deflate the GAS token(s) circulating supply, rewarding token holders with an increase in value and increase in reflected gas (ether).
Our Products
GAS Tokens are the product that will fuel the ecosystem. GAS tokens run on the Dividend Token ERC-20 Smart Contract. The GAS token has a transaction tax of 24% at launch, reducing rapidly at 1% til a minimum of 16% tax on all transactions:
• 7% of Tax automatically gets rewarded back to token holders
• 5% of Tax gets added to the underlying liquidity pool, and sent to a burned “dead” wallet.
• 8% of Tax is funding the project development, this % will reduce 1% every 30 days after a token has been launched, to a minimum of 4%. With these funds gathered from the tax the development team will be building asset bridges for every network we deploy on.
GAS Tokens have an initial mint of 100,000,000,000 tokens. There is no function in the smart contract to mint more. Token allocation may differ from blockchain to blockchain but only incrementally. It is as follows per token per blockchain.
Non-Circulating Supply
• 35,500,000,000 (35.5 Billion) Developer Tokens. 35.5%
Flex-Circulating Supply
• 14,500,000,000 (14.5 Billion) Treasury Tokens. 14.5%
Circulating Supply
• 50,000,000,000 (50 Billion)
o Of this, 7% was given to Angel Investors @ bscGAS launch
o 21% was allocated to the HODL program @ polyGAS
o 8% of polyGAS was listed for public presale
The success of our product is non reliant on token holders continuing to buy more and more to keep the rewards flowing—this is the issue that is faced with dividend token contracts on the market today. Once the buyers are settled, they are no longer receiving rewards as no one is continuing to add to the reward tax via transaction unless they sell. We saw this issue and discovered a way to fully utilize the dividend token contract without forcing token holders to sell-out due to lack of rewards.
Non-Fungible Patrons (NFPs/NFTs)
Patrons will be unique one-of-a-kind hand drawn & script generated NFTs that will help fund the bridge liquidities and have unique rewards to their owners.
• There will be a max of 550 mints per blockchain. 500 common, 38 rare, 12 legendary.
• common mint lets the holder use the bridge for free like a token holder would be allowed to do
• rare / legendary mint also allow wallet holders to use the bridge for free.
• rare / legendary mint have staking pools that are directly funded by % of tax that is produced from the bridge fees. Common mint will not have these.
• rare pools will get 34% of the fees sent as 'APR' DAILY / amount of stakers
• legendary pools will get 66% of the fees sent as 'APR' DAILY / amount of stakers
• There will be a time-lock on deposits based on last withdraw from pool. So users cannot freely stake, withdraw NFT to use as bridge pass and then re-stake to get fees in the same 24hr period
Payment
Payment will occur in Stable Coins (USDC). 90% of the funds will be used for bridge liquidity, 10% of the funds will be used for token holder rewards.
• Common (500) – minting at $25 increasing to max of $100/mint; Every 125 Minted Increases price $25
• Rare (38) – minting at $250 increasing to max of $1,500/mint; Every 1 Minted Increases price $39
• Legendary (12) – minting at $750 increasing to max of $4.5k/mint; Every 1 Minted Increases price $375
NFT Sales will fund $105,450 for Bridge Liquidity when all are minted on a single blockchain.
ROI
Per $5,000,000 in transfer volume at the lowest fee of 0.175% would bring $87,500 in fees.
(THIS IS ASSUMING THAT ALL TRANSFERS WERE AT MAX VALUE FOR THE LOWEST TRANSFER FEE OF 0.175%)
• 70% is used to buyback token on market = $61,250
• 30% is given as staking rewards for NFTs = $26,250
o 66% of this is then given to legendary pool. $17,325 / 12 stakes = $1,443.75
o 34% of this is given to rare pool. $8,925 / 38 stakes = $234.86
Fees will accrue daily and be spent respectively on their assigned locations. Stakers will be able to claim their portion of fees every 24hrs. Staking rewards will stack up but will never be compounded, so it is recommended you claim daily. Rewards are purely based on bridge transfer volume with the accrual of fees.
