Technical & Unique Aspects

This section describes the operating principles, mining progresses and market planning of GoCoin development, including benefits of holding GoCoin.

Operating Principles

GoCoin applies the automatic market maker (AMM) model (also known as the constant product model) as the token exchange model, i.e.

$$x*y = k$$

where (x, y) represents a liquidity pool token pair. Since GoCoin is issued on the Binance Smart Chain network, the major exchanging token pair for the initial phase would be GoCoin to BNB.

The major effort for developing GoCoin is to create a collaborative and trustful currency to exchange assets online, including the digital and substantial ones. With more global vendors adopting GoCoin as a compatible payment method, the token is expected to cover many different sectors of products/services in the future and lead to maximum utility.

In terms of token allocation, 86.5% of the total GoCoin supply is reserved for the community. Users can obtain FREE tokens through completing daily missions, joining airdrops, participating in marketing campaigns, or other mining processes. The team has established a precise token allocation timetable that benefits both initial holders and new community members, and all sources of mining efficiency will undergo HALVING based on the number of community members. Upon reaching the end of each quarter, the target of distribution ratio would be reviewed to assess the token distribution fairness and progress.

Distribution timetable

Date	Scheduled actions
Nov 2021	Open community mining🎉
Jan 2022	Quarterly review, Mining pool reaches 17.5%, Airdrop, Halving
Jan 2023	Yearly review, Mining pool reaches 33.75%, Halving
Jan 2024	Yearly review, Mining pool reaches 48.75%, Halving
Jan 2025	Yearly review, Mining pool reaches 62.5%, Halving
Jan 2027	2-year review, Mining pool reaches 73.75%, Halving
Jan 2029	2-year review, Mining pool reaches 83.75%, Halving
Jan 2031	2-year review, Mining pool reaches 92.5%, Halving
Jan 2033	Mining distribution finish (100%), burn if any token left

Universal Coverage of Markets & Services

The Token team will focus on both conveniences of use and also to provide benefits/ discounts/ incentives to GoCoin users as double benefits. To ensure users can always enjoy applications such as consumptions below market price level, the token team will coordinate with global vendors for a GoCoin users’ special treatment/ discount, e.g. discount rate of 10% or more to the pre-discount price.

Having said that, from time to time there will also be seasonal or occasional offers with benefits/ discounts and exclusive to community members.

Make sure to apply for more GoCoins now to enjoy both the imbedded benefits, convenience and discounts for all holders!

GoCoin is destined to be the True Universal Utility Token for all!