Economic Model for Voyage Trilogy

Token Classification Under MiCA Regulation

$Galaxy Token Classification

The $Galaxy token is designed and classified as a utility token under the Markets in Crypto-Assets Regulation (MiCA) due to its core functionality within The Voyage Trilogy ecosystem. Below, we outline why $Galaxy does not meet the criteria for classification as an E-Money Token (EMT), Asset-Referenced Token (ART), or a security under EU financial regulations.

$Galaxy is not an E-Money Token (EMT)

Under MiCA, an E-Money Token (EMT) is defined as a crypto-asset intended to serve as a means of payment and pegged to a single fiat currency. $Galaxy does not meet this definition for the following reasons:

• $Galaxy is restricted to The Voyage Trilogy platform and is only usable for platform-specific transactions, such as crafting, interplanetary travel, and in-game trading

• $Galaxy cannot be redeemed for fiat currency in the same way as e-money

• The token's primary purpose is to enable access to digital assets and in-game functionalities specific to The Voyage Trilogy

$Galaxy is not an Asset-Referenced Token (ART)

An Asset-Referenced Token (ART) under MiCA is defined as a crypto-asset pegged to a basket of assets. $Galaxy does not fall under this category for the following reasons:

• $Galaxy is not pegged to any basket of assets or designed to maintain a stable value

• $Galaxy is not collateralized by or tied to external assets

• $Galaxy serves solely as a platform utility token for in-game transactions and activities

$Galaxy is not a Security

Under EU financial regulations, securities are instruments that typically grant ownership rights or profit-sharing. $Galaxy does not meet the characteristics of a security for the following reasons:

• $Galaxy does not confer ownership or profit-sharing rights in QBT AS or any associated entity

• Rewards provided to token holders are derived solely from platform participation and in-game engagement

• The token's purpose is to facilitate in-game transactions and activities, not to serve as an investment vehicle

$Tellus Token Classification

The $Tellus token is designed and classified as a utility token with governance features under MiCA. Below, we outline why $Tellus does not meet the criteria for other classifications:

$Tellus is not an E-Money Token (EMT)

• $Tellus is specifically designed for governance within The Voyage Trilogy ecosystem

• It cannot be used as a general payment method and is not pegged to any fiat currency

• The token's primary purpose is governance participation, not payment functionality

$Tellus is not an Asset-Referenced Token (ART)

• $Tellus is not designed to maintain a stable value or pegged to any asset basket

• Its value is derived from its utility in governance and platform participation

• The token does not serve as a stability mechanism or store of value

$Tellus is not a Security

• $Tellus grants governance rights but not ownership or profit-sharing rights in QBT AS

• Staking rewards are platform-based incentives, not financial returns or dividends

• The token's governance rights are limited to platform development decisions and do not extend to company operations

• $Tellus is designed and marketed as a governance utility token, not an investment vehicle

Dual-token System: Governance & Utility

The Voyage Trilogy employs a dual-token system to balance governance and in-game utility. $Tellus empowers players to shape the game’s evolution through DAO participation, while $Galaxy fuels the in-game economy, supporting activities like crafting, trading, and resource management.

$Tellus (Governance Token)

The $Tellus token enables players to vote on key decisions, such as resource distribution, economic policies, and game expansion. Staking $Tellus provides rewards like exclusive Digital Assets (DAs), special missions, and faction-specific benefits, ensuring holders remain actively involved in governance.

$Galaxy (Utility Token)

The $Galaxy token powers in-game transactions, including crafting, interplanetary travel, and trading. Its deflationary burning mechanism aligns supply with demand, promoting ecosystem growth and maintaining value for participants actively engaging with the game.

Token Allocation

The allocation of $Tellus and $Galaxy is structured to support ecosystem sustainability and decentralization. Categories include staking rewards, community incentives, and liquidity pools, ensuring that tokens are distributed fairly and strategically.

$Tellus Token Allocation

The $Tellus token allocation plan is designed to support balance, decentralization, and long-term growth:

$Galaxy Token Allocation

The $Galaxy token allocation is structured for sustainability and in-game utility:

Token Sales and DEX Launch

To secure the funding required for development, marketing, and liquidity, The Voyage Trilogy employs a structured token sale strategy. This approach carefully balances investor incentives with the project's long-term sustainability.

$Tellus Token Sale - TBA

Phase	Allocation	Tokens
Pre-Investors	1.5%	18 million
Early Investors	4.5%	54 million
Seed Sale	6%	72 million
Pre-Sale	6%	72 million
Total	18%	216 million

$Galaxy Token Sale - TBA

Phase	Allocation	Tokens
Seed Sale	2.5%	500 M
Pre-Sale	2.5%	500 M
Total	5%	1 billion

Liquidity Provision and Token Sustainability

• $Tellus Liquidity Pool: $1–1.5 million will be allocated to the $Tellus/USDC pair.

• $Galaxy Liquidity Pool: $3-4 million will support the $Galaxy/USDC pair.

Any unsold ICO tokens from the Seed or Pre-Sale phases will be permanently burned, ensuring a deflationary model that promotes long-term scarcity and value. However, a portion of these tokens may be airdropped to verified users as part of the community engagement strategy, provided all compliance requirements are met.

Vesting and Cliff Plan

To prevent market manipulation and ensure stability, vesting and cliff periods are applied to $Tellus and $Galaxy distributions. These mechanisms align incentives with long-term project goals, fostering trust and reducing the risk of token dumping.

$Tellus Vesting

$Galaxy Vesting

Token Velocity & Economic Control

Token Economic Fundamentals

The sustainable growth of The Voyage Trilogy's ecosystem relies on robust economic mechanisms and clear metrics. These fundamentals establish the framework for long-term token stability and user engagement while providing transparent governance parameters for the DAO.

Token Velocity Management

Token velocity measures the frequency of token circulation within the ecosystem. The protocol actively monitors and manages velocity through dynamic mechanisms:

User Engagement Metrics

The DAU/MAU (Daily Active Users/Monthly Active Users) ratio serves as a key health indicator:

• Optimal Range: 0.3-0.5

• Below 0.3: Implement engagement rewards

• Above 0.5: Sustainable ecosystem growth

Staking Participation Framework

Staking ratio directly influences token supply mechanics:

Staking Rate	Protocol Action
>50%	Reduce emission rate by 0.5%
20-50%	Standard emission rate
<20%	Increase staking rewards by 20%

Economic Review Protocol

The protocol conducts comprehensive quarterly reviews analyzing:

1. Token Velocity Trends

   • 90-day moving average

   • Transaction volume distribution

   • Velocity change rate

2. Ecosystem Health Metrics

   • User engagement ratios

   • Transaction patterns

   • Token distribution curve

3. Staking Analysis

   • Participation rates

   • Duration patterns

   • Reward effectiveness

Staking and Burning Mechanisms

To establish a sustainable and balanced economic model, The Voyage Trilogy integrates four fundamental mechanisms within its tokenomics structure. These mechanisms collectively contribute to a deflationary ecosystem, wherein value is derived from player activity, dynamic market equilibrium, and intrinsic token demand.

Inflation and Deflation Mechanisms

The economic model of The Voyage Trilogy is structured to balance inflation and deflation through a set of interconnected mechanisms that regulate token supply and demand.

Inflation is primarily controlled by limiting the creation of new tokens while ensuring that the overall supply does not outpace ecosystem growth. The staking system incentivizes long-term holding of $Tellus, reducing the circulating supply and reinforcing governance participation. Meanwhile, $Galaxy is utilized as the primary in-game currency, with new issuance carefully structured to match player activity.

Deflation is achieved through multiple mechanisms designed to remove tokens from circulation and sustain long-term value. Burning mechanisms permanently eliminate $Galaxy through in-game actions such as crafting, resource upgrades, and interplanetary travel. Additionally, participation in Interactive Games results in automatic token burns, ensuring that player engagement continuously contributes to supply reduction.

Further stabilization is introduced through the buffer system, which dynamically adjusts the burning rate based on market conditions. In periods of heightened activity, a portion of the intended burns is stored in a buffer rather than executed immediately, preventing excessive deflation. Conversely, when activity decreases, buffered tokens are gradually burned to maintain supply equilibrium.

Another deflationary mechanism involves automatic conversion of burned $Galaxy into $Tellus through a decentralized exchange (DEX). This conversion enhances the demand for $Tellus, reinforcing governance and staking rewards, while simultaneously ensuring that tokens exiting circulation contribute to the broader ecosystem’s sustainability.

The Dynamic Marketplace Fee further regulates supply and demand by adjusting transaction costs according to player engagement. Lower fees apply during periods of reduced activity to incentivize transactions, while increased fees during high activity levels help regulate the token economy and prevent excessive accumulation.

Together, these mechanisms maintain a carefully calibrated balance between inflation and deflation, ensuring that The Voyage Trilogy fosters a dynamic and resilient token economy that adapts to player behavior and market conditions over time.

1. Interactive Games & Mini-Games (Burning & DEX Conversion)

Interactive and recurring events serve as a fundamental pillar in The Voyage Trilogy, fostering player engagement while sustaining economic stability.

In this system, players participate in Interactive Games, where an entry fee is denominated in $Galaxy. The allocation of this fee is structured as follows:

• 40% is permanently burned, thereby reducing the total circulating supply of $Galaxy.

• 30% is allocated to purchase $Tellus via a decentralized exchange (DEX), ensuring an organic demand for the governance token.

• 30% is redistributed as rewards for participating players.

This approach facilitates a continuous deflationary burn of $Galaxy while simultaneously reinforcing demand for $Tellus, thereby incentivizing staking mechanisms and governance participation. This mechanism enhances the economic model by preserving engagement and value creation.

2. Buffer System for Stable Burning Over Time

To prevent abrupt fluctuations in token circulation and maintain economic equilibrium, The Voyage Trilogy incorporates a buffer system designed to regulate the burning process based on player activity.

During periods of high activity, a portion of the tokens designated for burning is temporarily stored in a buffer rather than immediately removed from circulation. Conversely, in periods of low activity, the buffer releases tokens gradually for systematic burning.

This dynamic system mitigates excessive inflation or deflation by aligning token burns with real-time market conditions. It ensures long-term economic stability while maintaining an appropriate token supply proportional to player engagement.

3. Conversion of Burned $Galaxy to $Tellus via DEX

To reinforce the intrinsic value of $Tellus and enhance interconnectivity between tokens, a proportion of burned $Galaxy is systematically allocated for purchasing $Tellus through a decentralized exchange.

When a predetermined threshold of $Galaxy is burned, an automated DEX transaction is triggered, redistributing the acquired $Tellus as follows:

• 40% allocated to DAO governance, providing incentives for active participation.

• 30% reserved for staking rewards, encouraging long-term token retention.

• 30% designated for exclusive upgrades, such as NFT evolution and premium functionalities.

This conversion model fosters natural demand for $Tellus, incentivizes engagement in governance, and ensures equilibrium between the utility and governance tokens within the ecosystem.

4. Dynamic Marketplace Fee

To regulate token supply and demand dynamics, The Voyage Trilogy employs a dynamic marketplace fee, which adjusts proportionally to player activity levels.

• During periods of low activity, transaction fees are reduced to 1-2%, stimulating marketplace interactions.

• During normal activity levels, the standard fee remains fixed at 5%.

• During high activity periods, the fee increases to 7-8%, with a portion allocated to acquiring $Tellus via DEX.

The revenue generated from marketplace fees is distributed as follows:

• 40% burned to deflate $Galaxy’s circulating supply.

• 30% utilized for $Tellus acquisition via DEX.

• 30% allocated to DAO governance and staking rewards.

This model fosters market-driven incentives, prevents excessive token accumulation, and enhances the staking and governance ecosystem.

The Voyage Trilogy incorporates a meticulously designed tokenomics framework, ensuring:

• A deflationary model through the continuous burning of $Galaxy.

• Organic demand for $Tellus via DEX conversions.

• Stable supply regulation through the buffer system.

• Market equilibrium maintained via dynamic fee adjustments.

By integrating these four core mechanisms, the game establishes a sustainable, engaging, and value-driven economic ecosystem, reinforcing its position as a long-term Web3 gaming infrastructure.

$Tellus Staking Rewards: Supporting Governance and Long-Term Stability

As a governance token, $Tellus is designed to empower the community and ensure sustained participation in decision-making processes. To achieve this, $Tellus staking rewards are distributed over a 10-year period, promoting long-term engagement while maintaining token scarcity.

The total staking reward pool for $Tellus is 276 million tokens, with annual distributions gradually decreasing to reflect the project’s maturity and growth.

• Years 1–4 (High Engagement Phase): 50% of the total rewards (138 million tokens) are distributed over the first four years, at a rate of 34.5 million tokens annually. This encourages early staking participation and establishes a solid foundation for governance.

• Years 5–7 (Transition Phase): 30% of the rewards (82.8 million tokens) are allocated to the next three years, with 27.6 million tokens distributed annually. This phase supports consistent engagement while introducing gradual scarcity.

• Years 8–10 (Sustainability Phase): The remaining 20% of rewards (55.2 million tokens) are distributed over the final three years, with 18.4 million tokens released annually. This ensures long-term participation while controlling inflation.

$Galaxy Staking Rewards: A 12-Year Model for Growth and Sustainability

To balance the need for early incentives with long-term sustainability, $Galaxy staking rewards are distributed over a carefully planned 12-year timeline. This approach ensures a high level of engagement in the project’s early stages while maintaining relevance and value throughout its lifecycle.

The total staking reward pool for $Galaxy is 3 billion tokens, allocated with a gradually decreasing distribution model:

• Years 1–4 (High Growth): 50% of the total rewards (1.5 billion tokens) will be distributed during the first four years, with 375 million tokens released annually. This phase is designed to incentivize early adopters and active participants in the ecosystem.

• Years 5–8 (Transition Period): 30% of the rewards (900 million tokens) will be distributed over the next four years, at a rate of 225 million tokens per year. This marks a transition from high early incentives to a more moderate distribution.

• Years 9–12 (Stabilization Phase): 20% of the rewards (600 million tokens) are reserved for the final four years, distributed at 150 million tokens annually. This ensures ongoing staking opportunities while gradually reducing the influx of new tokens into circulation.

This tiered distribution structure aligns with the ecosystem’s growth trajectory, supporting the platform’s dynamic in-game economy and staking system while gradually reducing inflationary pressure.

Benefits of the Model:

1. Strong Early Engagement: High rewards in the first four years attract early adopters, building momentum for the ecosystem.

2. Gradual Transition: A phased reduction in rewards ensures a smooth shift from high incentives to a sustainable long-term model.

3. Sustainable Growth: By the final phase, reduced token emissions maintain scarcity while still rewarding active participants.

This 12-year staking model reflects The Voyage Trilogy’s commitment to fostering a vibrant, player-driven economy while securing the token’s long-term value and utility

Enhanced Burn Mechanism and Inflation Control

The Voyage Trilogy employs a burning mechanism to regulate token supply and maintain value. Key activities that trigger burns include crafting, resource management, and interplanetary travel. These mechanisms create a deflationary economy that supports both $Tellus and $Galaxy holders.

$Tellus: Governance and Scarcity

$Tellus plays a vital role in governance, with burn mechanisms reinforcing its value and scarcity:

• Proposal Fees: A small percentage of $Tellus is burned for each DAO proposal, ensuring only meaningful contributions are submitted.

• Annual Treasury Burn: Unused $Tellus tokens in the DAO treasury are burned at the end of each fiscal year to prevent resource accumulation.

• Milestone Celebrations: The DAO may vote to burn $Tellus during major achievements, symbolizing community progress and commitment.

Risk Assessment

The project takes a proactive approach to mitigate risks:

• Technological Risks: Regular smart contract audits and a bug bounty program ensure security.

• Market Risks: Liquidity provisioning and vesting schedules protect token value.

• Regulatory Risks: Ongoing compliance reviews align with evolving MiCA and global standards.

$Galaxy: A Dynamic In-Game Economy

$Galaxy fuels all in-game transactions, with burning mechanisms embedded in player activities to create a sustainable and deflationary economy:

• Core Activities: Crafting, upgrades, interplanetary travel, and tournament participation burn a portion of $Galaxy.

• Platform Revenue: A share of marketplace fees or staking revenues may be allocated to buy-back-and-burn programs, further aligning $Galaxy’s value with ecosystem success.

Inflation Control and Flexibility

The Voyage Trilogy targets a net annual inflation rate of 2-3.5%, balancing emissions with burn mechanisms to maintain a sustainable token economy. The DAO retains authority to dynamically adjust burn rates and staking rewards based on market conditions and ecosystem needs.

This approach ensures both $Tellus and $Galaxy remain valuable assets, aligned with the long-term growth and stability of the Voyage Trilogy ecosystem.

DAO Implementation Milestones

The Voyage Trilogy embraces decentralization as a cornerstone of its governance model. $Tellus holders participate in decision-making through a structured implementation of DAO milestones:

This milestone-driven approach ensures a gradual and secure transition to full decentralization, enabling the community to actively shape the project’s future.

The Voyage Trilogy embraces decentralization as a cornerstone of its governance model. With the $Tellus token, we empower a broad and diverse community to participate in decision-making through quadratic voting, a mechanism designed to ensure fairness and inclusivity.

In quadratic voting, voting power scales non-linearly based on the number of tokens committed. This means that while those with more tokens have greater influence, their additional votes carry diminishing weight. (14) For example:

1. Each participant receives a fixed number of points to allocate across one or more issues depending on how strongly they feel about them.

2. The issue with the most votes wins. The quadratic cost balances the influence of individuals, ensuring that expressing strong preferences comes at a higher cost.

3. To participate in voting, $Tellus tokens must be staked for a minimum of 30 days, ensuring commitment and alignment with the community’s long-term goals.

Dispute Resolution and Support

In a decentralized and dynamic ecosystem like The Voyage Trilogy, resolving disputes and addressing technical challenges require a framework that is both robust and adaptive. To safeguard participant interests and ensure fairness, the project implements a multi-faceted approach to dispute resolution and support:

1. DAO-Based Resolutions: Disputes arising from community decisions, staking, or governance are addressed through the DAO's transparent voting mechanisms. This ensures that collective decision-making remains at the heart of the ecosystem’s governance.

2. Dedicated Support Infrastructure: Recognizing the importance of seamless interactions, the project provides a specialized support team to assist participants with token transactions, smart contract functionality, and wallet integration.

3. Mediation for Complex Cases: For disputes that cannot be resolved within the DAO framework, access to impartial third-party mediators is offered. This ensures that all participants, regardless of their role in the ecosystem, receive equitable and unbiased resolutions.

By embedding these mechanisms into its core framework, The Voyage Trilogy establishes a system where disputes are resolved with transparency and integrity, fostering trust among participants.

Proactive Risk Management

To mitigate potential risks, the project employs a proactive strategy:

• Technological Resilience: Smart contracts are subject to continuous audits and supported by a bug bounty program to safeguard against vulnerabilities.

• Market Stability: Liquidity provisioning and carefully structured vesting schedules reduce exposure to market volatility.

• Regulatory Compliance: Strategic collaborations with compliance experts ensure alignment with evolving legal frameworks, such as MiCA.

Compliance and Transparency

At the core of The Voyage Trilogy lies an unwavering commitment to transparency and adherence to global regulatory standards. The project’s alignment with MiCA and GDPR frameworks underscores its dedication to creating a secure and equitable environment for all participants.

The PixelPai Partnership

The Voyage Trilogy collaborates with PixelPai, a recognized leader in blockchain compliance and token lifecycle management. This partnership fortifies the project’s operational integrity through:

• KYC/AML Compliance: All participants undergo a secure and transparent verification process, ensuring ecosystem trustworthiness.

• Token Lifecycle Management: Advanced tools for minting, burning, and cross-chain compatibility ensure that the token economy remains both adaptable and sustainable.

• Inclusive Accessibility: Unsold token allocations are partially made available to verified participants from countries unable to participate in our ICO through airdrops, while the remaining tokens will be burned, ensuring inclusion without compromising compliance.

Sustainability and Innovation

This rigorous approach to compliance not only safeguards the ecosystem but also sets a new standard for transparency in blockchain gaming. By embedding trust and accountability into its operational ethos, The Voyage Trilogy builds a foundation for a sustainable and player-driven future.

For additional legal and compliance details, consult the Disclaimer of Liability

Governance and Tokenomics

The Voyage Trilogy’s dual-token system is a testament to the seamless integration of governance and utility. By empowering players to actively shape the game’s evolution, the tokens ensure an ecosystem that is both participatory and self-sustaining:

• $Tellus: Facilitates governance through DAO participation, providing holders with voting rights and staking rewards tied to exclusive in-game assets.

• $Galaxy: Powers in-game transactions, including crafting, resource management, and trading, supported by a deflationary burning mechanism that aligns token supply with demand.

Together, these tokens embody the principles of decentralization and sustainability, ensuring the ecosystem's longevity and adaptability.

Issuer Information

The Voyage Trilogy is managed by QBT AS - a Norwegian-registered entity. The team consists of seasoned professionals who bring expertise and vision to the project, ensuring its continued innovation and alignment with community values.

Our model is not final—it is the framework. It will undergo audits and stress testing, ensuring that it remains robust and adaptable. Any adjustments made will be refinements, not compromises—they will not change our core approach.