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REKT

• The native token is the key part of the RektSkulls ecosystem, every product, service, and mechanic within the ecosystem is paid by REKT token.
• Has 2.5% tax mechanic on sell/buy/transfer transactions (except interaction with project mechanics, such as auctions). Tax mechanic is the only source of funding for project.
• 95% of $REKT token is obtained from Essences and LP staking.
• 5% reserved for future in-game economy bootstrap.
• Has burn mechanics - all token from the winning bid of Genesis Skulls auctions are burned. Future mechanics also will include burning of REKT token.
• Royalties from NFTs secondary market trading will be used to buyback and burn REKT token.

95% (95,000,000) of REKT tokens are distributed through staking over two years, with 20% rewards decrease every 3 month (“halving” mechanic). Staking of Essences (RektSkulls utility NFTs) and LP tokens started on Feb 1, 2023. 5% (5,000,000) of REKT tokens are reserved for future in-game economy bootstrap.