In Crypto, faster and lower transaction costs on a permanent ledger come with various innovative features from diverse networks underpinned by the inherent capabilities of Blockchain. These are dynamic functions offering better services than the legacy traditional financial sector.
We are now at a new frontier of financial service stripped of brokers and jurisdictional restrictions shrouded in individual autonomy. It is an era where everyone can participate and make decisions in how they transact and invest.
Utility Token, or Native Currency, is one such distinction shaping access to financial inclusion, rewards, and governance. It is a peculiar sort of currency that assists in obtaining or funding Blockchain/Crypto startups or project development.
It is an instrument that presents the community the opportunity to be part of the development, growth, direction, and success of the particular network. The process has a systematized incentive that rewards good behavior within the ecosystem.
As a digital asset, Utility Tokens applications within its context range from gas fees, governance tokens, development funding, securities to staking, and several financial rewards. Community members can use them to access whatever products and services avail them.
Get Familiar With $GDeFi Token
The GDeFi Protocol revolves around its native currency of $GDeFi. As an ERC20 token deployed on the Ethereum Blockchain, it is the key to access all the services and products on our platform.
We are going to announce the listing of $GDeFi on Uniswap in a few weeks. In the pipeline are more exchange listings on DEXes and CEXes in the coming months per our roadmap.
Watch out for some fantastic giveaways, airdrops, and trading competitions with attractive prizes soon. Deflationary in nature, our native currency ($GDeFi) grants the following possibilities in the Global DeFi realm:
Smart Contract Fees: The GDeFi platform anchors a self-compliant and foolproof Smart Contract with auditing by a reputable firm. Users need to pay with $GDeFi whenever they deploy a Smart Contract on the GDeFi protocol.
GlobalSwap DEX: Our Decentralized Exchange will be a fork of Uniswap’s open-source protocol. Therefore, users can trade and swap tokens with control over their funds and private keys by connecting their non-custodial wallets like Metamask, Trust Wallet, BSC Smart Wallet, and other ERC-20 compliant wallets.
Every user of the GlobalSwap DEX will have to settle transactions with $GDeFi tokens, though they can use other currencies. However, choosing our utility token offers a discount rate.
Borrowing And Lending: One of the major products of our wide range of one-stop-shop for DeFi services is Borrowing and Lending. Very soon, you can borrow and lend your digital assets on the GDeFi protocol.
You require $GDeFi to pay for interests on borrowed funds, interest on lending, and collateral for loans. The Token is the fuel for our Community-led Decentralized Economy.
Governance: GDeFi is taking off with a short-term plan of the core team controlling the project. However, the goal is to transition to a Decentralized Autonomous Organisation (DAO).
Our governance model will begin in the 3rd Quater of 2021. Hence, all the decision-making will be the responsibility of the community.
$GDeFi token holders will have the prerogative to vote for or against proposed strategies and decisions. So, implementation will depend on the voting outcomes.
Eligibility to participate in the GDeFi Community voting process is determined by the number of tokens held by the user in the governance pool. The core team and advisors have a defined fixed vote each.
Reward System: Our platform provides services like staking, farming, among others. Rewards for those who stake to stabilize our token price and provide liquidity to execute trades on GlobalSwap demand incentives to sustain operations.
$GDeFi acts as the reward for Liquidity Providers and Stakers in the GDeFI ecosystem that facilitates overall growth. User choices reflect the governance of the ecosystem and the value of the native currency.
Yes, Incentives matter everywhere in human endeavor. At GDeFi, our primary goal is to provide enough impulses for our community to build a successful network.
And $GDeFi, as our native currency, has an immense role to play in ensuring the delivery of one of the best Decentralized Finance projects in the industry. With 1,000,000 maximum supply, we have a quarterly burning strategy in place every three months automated by Smart Contracts.
Learn more about the $GDeFi utility token by reading the Global DeFi (GDeFi) Whitepaper. It is your best bet to understand the project in its entirety.
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