Explained : GN Token-Economics

Economics

The Gonear tokens are as follows :

Purpose of Round

Seed : The Gonear seed round serves as an initial fundraising campaign to onboard experienced parties that can bring value to Gonear’s long-term future. The majority of seed round participants will form the Council. Each Council member obtains a Council member NFT that can be used to vote on upcoming projects.

Public : The Gonear public round is the first IDO to launch on Gonear in the form of a whitelist. Community activity participation will determine eligible whitelist addresses. This is the first and only opportunity for the public to purchase GN tokens before DEX listing.

Initial liquidity : The determined amount of GN tokens locked onto the initial GN trading pair.

Liquidity mining program : To incentivise participation in liquidity providing. In the manner of great DeFi projects like Synthetix and Balancer, this program will distribute a fixed amount of GN tokens daily. All liquidity providers will receive GN from this as-yet-undetermined fixed amount on a pro-rata basis.

Team : To compensate the Gonear core team. Planned to support 20 core team members for 4 years.

Foundation & DAO : Reserved for the DAO and kept on the DAO balance for future projects.

Advisory : To compensate experts providing on-going support post-TGE.

Community treasury : To incentivise community events, early partnerships and activities to bootstrap the Gonear ecosystem.

Funding pool reserve : To attract projects to Gonear and grant upcoming projects in the Aurora ecosystem.

Distribution

Seed : Locked initially for 1 month, linear daily release over the course of 1 year

Public : Unlocked

Initial liquidity : Locked initially for 1 year

Liquidity mining program : First 3 months — 40% unlocked. Following 7 months — 60% unlocked

Team : Locked initially, released at 2% every month for 4 years

Foundation & DAO : Locked initially, released upon DAO launch

Advisory : Locked initially, released at 12,5% every 6 months for 4 years

Funding pool reserve : Locked initially, released at 10% every 6 months, for 5 years

Community treasury : Locked initially, released at 12,5% every 6 months for 4 years

Sale details

  • Total supply: 75,000,000 GN
  • Initial circ supply: 2,000,000 GN
  • Seed sale price: 0.0675 USD
  • Public (IDO) sale price: 0.15 USD
  • Trisolaris listing price: 0.15 USD
  • Total amount raised: 1,650,000 USD
  • Initial market cap: 300,000 USD
  • Fully diluted valuation : 11,250,000 USD
  • Total GN sold: 22,000,000 GN(29,32% of the total supply)

About Gonear

With Gonear, decentralized projects can raise awareness, build a loyal community, and receive long-term support. Users of the platform will be able to participate in a secure and compliant environment, and use assets both in and beyond the Near Protocol standard.

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