Tokenomics
Full name of token: GOLD
Token abbreviation: GO
Supply: 10,000,000,000
chain: BNB
Allocation
Allocation
Percentage
Vesting rules
Community
65%
7% vested at TGE, 61% vesting monthly over 10 years
DAO
25%
2% vested at TGE, 10% vesting monthly over 5 years
Team
5%
2 year cliff, vesting monthly over 2 years
Investors
5%
2 year cliff, vesting monthly over 2 years
friendly reminder
According to the situation, as well as the DAO community voting and the development of the project, our community initiates whether it is necessary to issue additional tokens to dynamically balance and adjust the total supply of tokens.
$GO differentiates itself from other yield-bearing stablecoins by increasing capital efficiency of the underlying farming contracts in relation to the amount of $CASH currently in circulation. It achieves this through several mechanisms:
0.25% Mint and 0.25% Redemption fee.
While 100% of $GO holders’ initial capital is farming for them, they have received slightly less $GO in return. This means that as users redeem $GO for the underlying stables, a total of 0.5% of their investment goes as fees. This entitles the $GO holders who remain to reap the benefits of that leftover farming capital. But the increased capital efficiency which your $GO tokens can farm makes up for the minting and redeeming fees.
5% of daily farming rewards are retained and auto compounded into the investment contracts (as opposed to being distributed to $GO wallets)
10% of all GO DEX trading fees are sold for stables and deposited into the farming strategies.
Through these mechanisms, capital efficiency (and overcollateralization) will increase perpetually according to an ever-increasing Capital Efficiency Index.
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