October 30, 2021 – GokuMarket is expanding the ecosystem exponentially from a single & centralized E-commerce & Trading platform to multiple Centralized & Decentralized platforms as part of the ongoing and upcoming geographical & regulatory partnerships. The GMC migration to the Binance Smart Chain (BSC) and the increase of the liquidity are required in order to support the GMC community demand, funding, and acquisitions of various partners with a revised total fixed token supply raised from 50 Million to 5 Billion GMC, i.e. 100x times, without influencing and affecting the price of GMC.
🤔 Why GokuMarket Credit (GMC) migrated to the Binance Smart Chain (BSC)❓
- 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
🤔 What will happen to the Current GMC❓
- Based on the increase in total fixed supply from 50 Million to 5 Billion GMC, there are 4.95 Billion additional GMC minted.
- The current 3.155 Million GMC supply at the time of GMC Migration will be raised 100x times to 315.5 Million.
To protect the price of GMC and prevent any dumping and price fluctuations the below GMC Unlock Schedule will be followed.
📣 GMC Unlock Program 🔥
👉 Day Zero
On day zero, each GMC holder on GokuMarket.com will immediately be distributed with an additional 10% of GMC into their Rewards Wallet based on their existing holdings in all their GokuMarket Wallets (Main, Trading, Staking & Rewards Wallets). The unlocked GMC can be used to pay for trading fees, trade, shop, HODL, and earn staking rewards by simply adding to your GMC Vault. The rest of the GMC balances will be distributed in the following manner shown here below.
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.
1. Trading Fees
On day zero, 40% (approximately 125 million) of the remaining Locked GMC tokens are immediately made available for paying trading fees. These GMC tokens can be accessed by enabling “Pay Exchange Fees in GMC” on GokuMarket in your settings. These GMC tokens will be burned if they are not used for trading fees at a rate of 10% per quarter.
2. Trading Volume
An additional 40% of the Locked GMC tokens will be released based on your trading activities.
For every $100 worth trading with non-GMC and non-stable-stable pairs during the calendar month, 1 GMC will be unlocked into the Reward Wallet during the first week of the following month.. This will start from Day Zero and run at a maximum quarterly unlocking rate of 10% (2.5 years). GMC tokens that are not released to you quarterly due to insufficient Trading Volume, will be burned.
=> To quickly unlock this part: You can use USDT profit from AI BOT + Defi to trade to non-GMC pairs such as TRX/USDT, BTC/USDT… or you can deposit money to trade on GokuMarket with non-GMC pairs. With an unlock rate of 100 USDT = 1 GMC (Every 100 USDT will open 1 GMC, or 50 USDT will open 0.5 GMC – Rate 100:1)
3. Periodic Unlock
An additional 20% of the Locked GMC tokens will become available in your Rewards Wallet based on the quarterly burning schedule during the same week of every burning event. Each quarter, there will be a 10% of the total 20% Periodic Unlock amount released which will run for the duration of 2.5 years.
All GMC HODLers on GokuMarket.com before the migration are eligible for the distribution. GMC Unlock Program statistics and the progress can be checked from either on the web or the mobile super app.
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