GokuMarket Credit (GMC) migrated to the Binance Smart Chain (BEP20) for many advantageous reasons.
    Faster GMC transactions at a lower cost
    Fork off of PancakeSwap to launch the GokuMarket DEX platform
    Exponentially growing the ecosystem with both CEX & DEX, created a need for increased GMC liquidity
The Binance Smart Chain (BSC) is both faster and costs less to transact on for the GokuMarket Credit, which is a win-win!
As part of launching the new GokuMarket DEX with Decentralized Finance (DeFi) and Commerce, the GMC migration was conducted as a fork off of PancakeSwap to access the additional features and functionalities.
Expanding the ecosystem exponentially from a single & centralized E-commerce & Trading platform to multiple Centralized & Decentralized platforms as part of geographical & regulatory partnerships, required a greater liquidity of GMC to support the community demand, funding, and acquisitions of various partners with a revised total fixed token supply from 50 Million to 5 Billion GMC, i.e. 100x times, without influencing the price of GMC.
Based on the increase in total fixed supply from 50 Million to 5 Billion GMC, there are 4.95 Billion additional GMC minted and allocated in accordance to the Tokenomics Distribution, the additionally supply doesn't imply any effect on the price of GMC.
Based on the circulating supply of 3.15 Million (3,150,000) GMC at the time of the GMC Migration, raising it 100x times, there are 311.85 Million (311,850,000) additional GMC minted for circulation, which are provided for in the below GMC Unlocking Program, specifically designed to protect the price of GMC and prevent any dumping.
Since GMC is pre-mined, there is also a deflation mechanism added, with the burning commitment of 20% from the total fees collected in GMC. The burn will continue until a total of 2.5 Billion (50%) of the total GMC supply has been burned.
Old contract: 0xa6272359bc37f61af398071b65c8934aca744d53

GMC Unlock Program

In order to honor existing GMC HODLers on GokuMarket.com, the distribution of the additional 311.85 Million newly minted GMC tokens in circulation will be released in the below manner, which has been designed to protect the GMC price & existing GMC holders' interest.
Day ZERO: each GMC holder on GokuMarket.com has been immediately distributed with an additional 10% based on their existing GMC holdings.
For example, Satoshi had 100 GMC in the Main Wallet, 100 GMC in the Trading Wallet, 100 GMC in the Rewards Wallet, and 100 GMC in the GMC Vault. On Day ZERO, Satoshi receives 10% of 100+100+100+100 = 400 GMC i.e. 40 GMC into his Reward Wallet.
Trading Fees: approximately 125 Million (40%) of the total distributed GMC can be used in the form of trading fees only. These GMC are immediately made available, so traders can enable paying their trading fees using these GMC.
Trading Volume: approximately 125 Million (40%) of the total distributed GMC are made available on a monthly basis with a maximum quarterly release limit of 10% (running for 10 quarters x 3 months = 2.5 years). For every 100 USD worth of trading with non-GMC pairs during the calendar month, 1 GMC will be unlocked into the Main Wallet during the first week of the following month.
Periodic Unlock: approximately 62 Million (20%) of the total distributed GMC becomes available based on the quarterly burning schedule on every burning event. 10% (running for 10 quarters x 3 months = 2.5 years) of the 62 Million GMC is distributed every quarter on the same week as burning event.
All GMC HODLers on GokuMarket.com before the migration are eligible for the distribution. Everyone can check their GMC Unlock Program statistics on the wallet section called Distribution Wallet from either the web or the mobile super app.
Last modified 22d ago
Copy link