GoC tokenomics

Welcome to the world of GoC tokenomics, offering you insights into the token’s supply, available chains, and rich DeFi features. The new and improved tokenomics is transforming the GoC token into a true utility gem. Check out the range of services available to GoC holders, from payments, NFT minting and staking to referral programs, DAO governance and more.

The GoCrypto (GoC) token is a multichain utility token issued on the Bitcoin Cash (SLP) blockchain, Smart Bitcoin Cash (smartBCH), BNB Smart Chain (BSC) and Polygon (MATIC).

GoC chains

The total supply of the GoC token is 299,095,759 GoC and will never exceed this amount, no matter how many blockchains the GoC token supports. We are not minting and burning tokens in real time; instead, we have duplicated supplies on every supported chain that is illiquid and held on reserve addresses. A certain amount of tokens can only become liquid when the same GoC amount from another chain gets locked on one of the reserve addresses through the GoC Bridge App.

GoC Bridge

The GoC Bridge is a bridge service enabling fast and secure transfer of the GoC token between multiple chains.

GoCrypto 1.0 GoC utility

GoC is used for payments on the GoCrypto platform and in the scope of our tokenback program. Users of our Elly Wallet can use GoC for shopping at physical and online stores; in selected countries, they can receive a tokenback reward for every purchase.

Crypto

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GoCrypto 2.0 GoC utility

GoCrypto 2.0 decentralized payment protocol will offer its users a wide range of DeFi services, including payments and rich tokenomics.

Crypto

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Staking pools and NFTs

Users are able to stake their BNB Smart Chain GoC tokens in four available staking pools:

Users can mint unique NFTs which bring them benefits in the scope of the “Refer to Earn” program and allow for participation in the DAO governance. Once they hold an NFT, users can stake their GoC tokens - NFTs can be upgraded by staking additional GoC or traded on the NFT marketplaces.

Refer to Earn

Each of the minted NFTs has its own ID number and provides users with a unique referral link which can be used to refer new merchants to start accepting payments via the GoCrypto 2.0 Decentralized Payments protocol. Referred merchants are linked to the NFT that provides the owner of the NFT with the share of transaction fees generated by the merchant for as long as the merchant is active.

"Refer to Earn" enables customers to acquire an additional amount in USDT, which is at withdrawal converted into GoC tokens. The value of GoC tokens depends solely on the situation of the cryptocurrency market.

DAO governance

Additionally, NFTs also have a power level which is based on how much GoC token a user stakes and in which of the available pools. The power level of the NFT determines how much DAO voting power the owner of the NFT has.

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"Refer to Earn" enables customers to acquire an additional amount in USDT, which is at withdrawal converted into GoC tokens. The value of GoC tokens depends solely on the situation of the cryptocurrency market.

Future GoC tokenomics

  • Release of GoC token on additional EVM-compatible blockchains with a goal of being present on all major ones.
  • Farming features allowing users to stake different supported funds (i.e. USDT, USDC) and generate yield in the GoC token.
  • Keeper tasks with GoC rewards.