Tokenomics and Coin Protocol
GoCoin is a fair launch utility-token project. There was no seed round, no private round, no pre-sale, and no public sale (ICO/IDO/IEO). 85% of the total supply was reserved for the GoCoin community.
Part I - Token Allocation
Liquidity is locked in PancakeSwap liquidity pool for 12 months as initial liquidity provider, it cannot be drawn out hence protecting the community
Liquidity
(10%)
Since Go Coin is a FREE utility token to be distributed to the public, users can obtain it through completing daily missions or other mining processes.
Reserved for airdropping in future special events, enabling users to receive additional free GoCoin tokens by finishing a few easy tasks in the airdrop event.
Airdrop (5%)
Reserved for airdropping in future special events, enabling users to receive additional free Go Coin tokens by finishing a few easy tasks in the airdrop event.
Reserved for future marketing purposes, tokens will be given to cooperating institutions as remunerations. While GoCoin users can enjoy discounts when purchasing their items.
Marketing (10%)
Reserved for future marketing purposes, tokens will be given to partners as remunerations. As a trade-off, Go Coin users can enjoy discounts when buying their items.
Since GoCoin is a FREE utility token to be distributed to the public, users can obtain it through completing daily missions or other mining processes.
Mining
(61.5%)
Liquidity is locked in PancakeSwap liquidity pool for 12 months as an initial liquidity provider, it cannot be drawn out hence protecting the community
Reserved for GoCoin quarterly burn to reduce the total token supply, greatly increases the token scarcity and hence pumps up the price of GoCoin.
Burn
(10%)
Reserved for Go Coin quarterly burn to reduce the total token supply, greatly increasing the token scarcity and hence pumps up the price of Go Coin.
Stored in the team wallet owned by the development team and advisors, this will be locked for at least 6 months to protect users.
Team (3.5%)
Stored in the team wallet owned by the development team and advisors, this will be locked for at least 6 months to protect users.
Part II - Tax Distribution
Burn 1%
in every transaction
1% of GoCoin is burned in every transaction, that will increase the scarcity of GoCoin and create a continuous deflation!
Return 0% to LP
in every transaction
0% of GoCoin is used to fuel the liquidity pool in every transaction, constantly providing more liquidity in exchanges.
Redistribute 0%
in every transaction
0% of GoCoin is redistributed proportionally to all GoCoin holders in every transaction, just hodl and enjoy the passive income!
Token
Features
Part III -
1. Non-mintable (fixed maximum supply): 100,000,000,000 total supply
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2. There is a max sell and buy strategy in transactions to prevent Go Coin from being rug-pulled or being controlled by other price manipulating measures.
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3. Mining: Free GoCoin would be distributed to the public through daily missions and tasks; one click a day, take the GoCoin away!
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4. Burning: Quarterly burning a percentage of circulating supply, increasing token scarcity, and boosting the price of GoCoin!
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5. Blacklist other addresses: Upon malicious attack or spiteful marketing manipulation, wallet addresses will be blocked to protect users.