Honiton, UK, Jan. 26, 2023 (GLOBE NEWSWIRE) — The team has detailed the GDCC tokenomics so users can understand and appreciate its value. The listing will allow the GDCC project to continue its mission of providing a digital asset platform for all users.
The GDCC tokenomics
The GDCC team chose to implement a highly deflationary tokenomics model in the form of a buyback and burn mechanism. The coin’s maximum supply is 7,000,000 tokens, a large part of which (5,100,000) has already been burned by the project.
Excluding the tokens burned, the total number of coins is now 1,900,000 with 1,018,524 locked in the staking system.
Another important aspect of GDCC tokenomics are the fees miners receive:
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50% goes to stakeholders who have already staked their coins
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50% will fund the ecosystem development of the project
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From the Ecosystem Development Pool, 7% will be distributed to the Seven Stake Pool and 10% will be burned up to 1,200,000 GDCC and the rest will be the total supply.
The idea is to create a self-sustaining, deflationary system, administered by the public and not controlled by any single entity. GDCC will be a transparent and community-driven cryptocurrency with strong incentives for users joining its network.
As the team explained, this will be the first blockchain to be governed by the public. In particular, no single entity, group or company will hold coins in this project.
A burning strategy reduces the number of tokens and thus increases the theoretical value of each remaining coin. Deflationary tokens have managed to attract increasing attention from a large group of investors in the crypto sector.
In this regard, it helps to keep in mind that the project also has its own stablecoin. GUSD, as the team called it, is pegged 1:1 with the US dollar. This stablecoin will allow users to hedge against volatility, make payments and securely store their digital assets.
The GDCC token utility
$GDCC serves as the backbone of the Global Digital Cluster coin ecosystem. The token allows users to participate in staking, yield farming, and more. It also acts as a means of payment for minting, listing, trading NFTs and more on the GDCC platform.
The project ecosystem includes an NFT marketplace (“Muzella”), a DEX (“Hopium”) and a Metaverse platform (“Global Digital City”).
Each component relies on the GDCC blockchain, offering users a wide range of investment opportunities. At the heart of the system, $GDCC ensures users have access to a secure and stable digital infrastructure.
For example, the community can use $GDCC on the NFT marketplace to buy, sell, and trade digital assets. Additionally, $GDCC is used for transactions on the DEX and participation in yield farming and staking activities.
About GDCC
Global Digital Cluster Coin (GDCC) aims to make it easier for people to access the benefits of blockchain technology and decentralized finance. This team has already developed a blockchain protocol to manage digital assets and provide a large ecosystem to its community.
LBank will open trading operations for GDCC on January 27th. This can be an opportunity for anyone who believes in this project and its potential to get involved.
The social media accounts below will be kept updated on the progress of the project, as will the official website.
Instagram | Twitter | Reddit | Telegram | Middle
Luke Hogos admin(at)gdccoin.io
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