Tokenomics
Token Utility
GemSwap as a native utility token can be used for:
Unlocking more advanced trading functionalities.
Sharing revenues from transaction processing fees.
Participating in governance voting.
Participating in staking and farming
Token Allocation
See the banner bellow
Initial Circulating Supply
The only initial circulating supply of $GSP token will be the Fifty Percent of the presale token which will be released after end sales and the rest linearly released monthly over six months.
Fund Raising
GemSwap will raise funds through public sales, Ten percent of GSP total supply has ben allocated for this in form of presale. This funds will be used to provide liquidity upon listing of GSP token on DEx.
Liquidity
Tokens for liquidity are locked over 48 months after the Token Generation Event.
Airdrops
The airdrops tokens are for the community engagement, It will be distributed to eligible participants after the allocated period of event, will be communicated to with the community.
Community Reward Program
This is a periodic event where we give back to our active users from time to time
Team Token
Team token will be locked for two years and release quarterly over 48 months.
Marketing/Foundation/Ecosystem Dev Funds
These will be released according to the DAO voting for marketing and ecosystem developments.
Buy Back And Burn
BEP-95 was introduced on October 22nd, with the goal of speeding up Binance’s burn process and further decentralizing the network. We will implement the new BSC real time burning mechanism and 7.5 percent of total GSP token will be burn automatically, quarterly.
Secondly we will also be buying back quarterly until 7.5 percent of total GSP token will completely bought back from the open market.
GSP TOKEN RELEASE CURVE
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