PGL tokenomics and fee distribution

  1 PGL = 1000 in-game gold. PGL is a token of the Prospectors project. Amount of PGL is limited — 220 000 000. Out of which 50% or a 110 million are in circulation and the rest of the tokens are locked in the game and have to be mined.  Long Lasting plans concerning Prospectors future involves the implementation of additional servers(Prospectors maps) and creating a transportation system between them, like between different countries.  It is known that 10 000 000 million PGL were buried in Wild West, 5 000 000 million PGL were buried in Yukon, and 72 828 000 million PGL were buried in Grand Land.

  Speaking of commission distribution, the State collects revenue from the rent of plots and also collects a 5% income tax from each profitable deal on the market. Those two sources of revenue will be divided into 5 parts, with 20 % going to each of the following funds respectively :

• Fund of Rewards
• Fund of New Lots
• Fund of Development and In-game Events;
• Fund of Destruction
• Referral Program Reward

   Fund of Rewards (20%)

- these rewards are distributed to those who deposit their gold at the Central Bank.

   Fund of New Lots (20%)

- gold from this fund will be used for the new plots when expanding to the next World.

   Fund of Development and In-game Events (20%)

- for example, we use gold from this fund for the financing of Central Bank construction.

   Fund of Destruction (20%)

- burning gold from this fund helps to support PGL.

   Referral Program Reward 

- the last one, 1/5 of income tax and rent becomes a reward within the Prospectors referral program.

   Gold collected from the diplomas and license purchases, as well as 5% from each bank operation (10% from the Central Bank’s operations), are divided between the same funds, yet have nothing to do with a referral program.