$BRUSH
TICKER: $BRUSH
Contract Address: 0xE51EE9868C1f0d6cd968A8B8C8376Dc2991BFE44
Max Supply: 416,460,662 BRUSH
Total Supply: 416,460,662 BRUSH
Chain: Sonic - Chain ID 146
What is $BRUSH?
BRUSH is the token that brings Paintswap ecosystem to life. It acts as a protocol token and is used across the many services offered by Paintswap, like spending it on fees within the Paintswap platform.
BRUSH is utilized as the in-game token for Estfor Kingdom the award-winning game from the Paintswap team. BRUSH is used to buy items from the in-game shop, The in-game treasure is used for players to earn BRUSH by selling their items (NFTs) back to the in-game shop.
$BRUSH will also be the governance token of Paintswap - fully allowing the Brush holders to guide where Paintswap will go.
Supply
Originally, $BRUSH max supply was planned as 450 MM, however, with the move to Sonic we have decided to stop $BRUSH emissions. The remaining supply has effectively be burnt, leaving total supply = circulating supply = ~416M BRUSH. No more $BRUSH will ever be minted/emitted.
Deflationary $BRUSH
The $BRUSH token will continue to be burned through the many Paintswap projects, giving $BRUSH a deflationary supply. Following are the ways $BRUSH is bough-back/burned:
Paintswap:
$BRUSH gets bought and burned using the fees from the sales in the NFT Marketplace.
50% of the fees generated by fNFT sales on Paintswap
50% of all fees generated by Launchpad is used to buy $BRUSH and burn it on the open marketplace.
Estfor Kingdom:
$BRUSH is used to buy items from the in-game shop, of which 25% is burned, 25% goes to the DAO and 50% goes to the in-game treasure.
Clans within Estfor Kingdom also utilize $BRUSH with creation and upgrades costs, 25% is burned, 50% to the treasure, and the remaining 25% goes to the DAO.
Clan names and player Names are the same as clan creation and upgrades with 25% of every purchase is burned, 50% feeds the treasure, and the remaining 25% goes to the development fund.
The Wishing Well also utilizes $BRUSH by allowing players to donate to the well in return for a temporary XP boost, 100% of this goes to the treasure pool.
Clan Wars burn $BRUSH every time a Clan Vault is successfully defended.
NFT royalties from secondary marketplace sales of 3%. 2% of this goes to buy $BRUSH and add it to the in-game treasure fund and 1% goes to the DAO.
Looking forward, we have many more goals and aspirations for what $BRUSH and Paintswap can accomplish and contribute to the Sonic Network. We'll be sure to share our ideas with the community as they come closer to fruition!
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