Mimicry Docs
Mimicry.orgLaunch App
  • Whitepaper
    • ๐Ÿ‘จโ€๐ŸซProtocol Overview
    • โš™๏ธCore Mechanics
      • ๐ŸŽฒTrue Odds
      • ๐Ÿ’ธValue Transfer Events
    • ๐ŸคนAdvanced Features
      • ๐ŸŽš๏ธLeverage
      • โฐAutomations
        • Automated Stop-Loss
        • Automated Take-Profit
        • Automated Swap-Sides
    • ๐Ÿง‘โ€๐Ÿคโ€๐Ÿง‘Players & Participants
      • ๐ŸŽฅDirectors (Market Sponsors)
      • ๐ŸŽญActors (Traders)
      • ๐ŸŽฌProducers (Liquidity Providers)
      • โš–๏ธBalancers (Keepers)
      • ๐Ÿ‘ทCrew (Team)
    • ๐Ÿ“ŒFees
    • ๐Ÿช™Tokenomics
      • ๐Ÿ’ปIn-App Use Cases
      • ๐Ÿ’ฐRewards
      • ๐Ÿ›๏ธGovernance
      • ๐Ÿ“ŠDistribution
      • ๐Ÿ“ˆVesting
    • ๐Ÿ‘จโ€๐Ÿ’ปContract Architecture
    • โš ๏ธRisks & Mitigations
      • Price Manipulation Risk
      • Data Feed Downtime Risk
      • Centralization Risk
      • Smart Contract Risks
      • Macroeconomic Risk
      • Skew-Change Risk
      • Leverage Risk
      • Liquidation Risk
      • Arbitrage Risk
      • Market Abandonment Risk
      • Balancer Shortage Risk
    • ๐Ÿ—ฃ๏ธNotable Vocabulary
    • ๐ŸคPartner Integrations
    • ๐Ÿ—“๏ธRoadmap
  • For Devs
    • ๐Ÿ“œContracts & Wallets
      • Contracts Overview
      • Contracts Reference
      • Wallets Reference
    • ๐Ÿ’พSDK
  • FOR COMMUNITY
    • ๐Ÿ”—Official Links
    • ๐ŸŽจBrand Assets
    • ๐ŸŽชMarkets
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  • Feature Gates

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  1. Whitepaper
  2. Tokenomics

In-App Use Cases

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Last updated 2 years ago

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Fee Settlement

Players may use a wide array of ERC-20 tokens to , pay , and Balancers. And Directors may use whatever token they like to pay for . However, all exit fees, advertising fees, and tips must ultimately be paid using $MIMIC. Accordingly, when a player does not pay fees with $MIMIC, their payment token will be immediately converted to a MARKET BUY order for $MIMIC tokens across supported exchanges and they will be responsible for slippage. Therefore every action in the protocol represents demand for $MIMIC.

For the sake of clarity, only feesโ€”not deposits locked in the smart contractโ€”will be converted to $MIMIC.

Feature Gates

Players who use $MIMIC to open positions, or auto-swap to $MIMIC within our UI, will have access to advanced features that will not be available to players who use other tokens. For example, will all be restricted to players who mint Mimes using $MIMIC.

Community rewards will also be restricted to players who use $MIMIC to open their positions. This will serve to increase demand for the token while also effectively removing $MIMIC tokens from circulation when they are locked in positions.

๐Ÿช™
๐Ÿ’ป
open positions
automations
exit fees
tip
advertising