GrepCoin Lite Paper

**Version 1.1

December 2024**

Executive Summary

GrepCoin (GREP) is a deflationary ERC-20 token powering an AI-built play-to-earn crypto arcade on Base L2. Players earn GREP by playing browser games, stake tokens for real yield, and collect achievement NFTs.

Key Differentiators:

Fixed Supply: 500M tokens, no inflation
Real Yield: Staking rewards from platform revenue, not minting
Deflationary: Multiple burn mechanisms reduce supply over time
Low Fees: Base L2 enables sub-cent transactions
AI-Built: Developed transparently with Claude AI

The Problem

Traditional gaming platforms extract value:

30% revenue share (Steam, Apple, Google)
No ownership of in-game achievements
Fragmented economies across games
No real earning potential for players

Web3 gaming often fails due to:

Inflationary tokenomics (death spiral)
High gas fees limiting micro-transactions
Complex onboarding
Poor game quality

The Solution

GrepCoin addresses these issues through:

1. Sustainable Tokenomics

Fixed Supply: 500,000,000 GREP
├── 40% Ecosystem & Rewards
├── 20% Liquidity Pool
├── 15% Team (4-year vest)
├── 15% Treasury
└── 10% Early Supporters

No new tokens are ever minted. All rewards come from:

Platform revenue distribution
Treasury allocations
Initial token distribution

2. Real Yield Staking

Tier	Min Stake	Lock	Reward Weight	Benefits
Basic	100 GREP	None	1.0x	Vote on evolutions
Silver	1,000 GREP	7 days	1.25x	Early access
Gold	5,000 GREP	30 days	1.5x	Propose features
Diamond	25,000 GREP	90 days	2.0x	Revenue share

Rewards are funded by platform revenue, not inflation.

3. Deflationary Burns

Source	Burn Rate
Marketplace fees	2.5%
Tournament entries	10%
Achievement NFT mints	10 GREP
Guild creation	500 GREP

Target: Reduce circulating supply by 20% over 5 years.

4. Base L2 Benefits

Fast: 2-second block times
Cheap: Sub-cent transaction fees
Secure: Ethereum L1 security
Growing: Coinbase ecosystem

Platform Overview

Current (Phase 1)

9 browser-based games
Real-time leaderboards
Achievement system
Staking with 4 tiers
Battle Pass progression
Social features (guilds, friends)

Roadmap (Phase 2-3)

NFT marketplace
Tournament system
Mobile app
Creator SDK
Cross-game items
DAO governance

Token Utility

Play-to-Earn: Earn GREP for game scores
Staking: Lock for real yield + platform benefits
Governance: Vote on platform evolution
NFTs: Burn to mint achievement badges
Marketplace: Trade items with GREP
Access: Premium features require staking

Why GREP?

Feature	GREP	Typical GameFi
Supply	Fixed 500M	Unlimited inflation
Rewards	Real yield	Inflationary rewards
Burns	Multiple sources	Usually none
Gas	~$0.001	Often $5-50
Games	9 playable now	Often vaporware

Quick Stats

Metric	Value
Total Supply	500,000,000 GREP
Network	Base (Chain ID: 8453)
Contract	Audited ERC-20
Games	9 browser games
API Routes	91 endpoints
Components	112 React components

Contact

Twitter: @grepcoin
Discord: Join Community
Email: hello@grepcoin.xyz

This document is for informational purposes only. GREP tokens are utility tokens, not securities. Cryptocurrency involves risk. Do your own research.