Technical & Unique Aspects
This page showcases the operating principles, mining progresses and market planning of GO COIN development, see how holding GO COIN can benefit you!
Operating Principles
Go Coin applies the automatic market maker (AMM) model (also known as the constant product model) as the token exchange model, i.e.
where (x, y) represents a liquidity pool token pair. Since Go Coin is issued on the Binance Smart Chain network, the major exchanging token pair for the initial phase would be Go Coin to BNB.
The major for developing Go Coin is to create a collaborative and trustful currency to exchange assets online, including the digital and substantial ones. With more global vendors adopting Go Coin as a compatible payment method, the Coin is expected to cover many different sectors of products/services in the future and lead to maximum utility.
In terms of token allocation, 85% of the total Go Coin 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. The team currently estimates the whole token allocation process will finish within 2 years, unallocated tokens will be burnt at the end.
Distribution and halving timetable
Date | Scheduled actions |
Nov 2021 - | Open community mining🎉 |
Jan 2022 - | Quarterly review, Mining pool reaches 17.5%, Airdrop |
Apr 2022 - | Quarterly review, Mining pool reaches 33.75%, community: 20k HALVING |
Jul 2022 - | Quarterly review, Mining pool reaches 48.75% |
Oct 2022 - | Mid-term review, Mining pool reaches 62.5%, community: 50k HALVING |
Jan 2023 - | Quarterly review, Mining pool reaches 73.75%, Airdrop |
Apr 2023 - | Quarterly review, Mining pool reaches 83.75%, community: 100k HALVING |
Jul 2023 - | Quarterly review, Mining pool reaches 92.5% |
Oct 2023 - | Mining distribution finish (100%), burn if any token left |
Planning on online markets
The Token team will focus on both conveniences of use and also to provide discounts or incentives to Go Coin users as double benefits. To ensure users can always make consumptions below market price level, the Token team will coordinate with global vendors for a Go Coin users special discount, with a target 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 discounts beyond anyone's imagination. Keep tracking Go Coin official channels and websites for the best offer at any time!
Make sure to grab more Go Coin now to enjoy both convenience and discounts at the same time!
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