📊GOFX Token
GooseFX Token - $GOFX
Last updated
GooseFX Token - $GOFX
Last updated
The GOFX Token went live on 2nd November 2021, a multifunctional utility token powering the GooseFX platform, offering benefits like reduced trading fees, enhanced access, rewards for platform engagement and revenue sharing.
GOFX SPL token contract address GFX1ZjR2P15tmrSwow6FjyDYcEkoFb4p4gJCpLBjaxHD
GOFX total supply API: https://api-services.goosefx.io/total-supply
GOFX circulating supply API: https://api-services.goosefx.io/circulating-supply
GOFX is a multifunctional utility token of the GooseFX ecosystem, to engage with various platform features. Key aspects include:
Staking Incentives: Stakers of GOFX earn a share of the platform's total fees, collected from Single-Sided Liquidity pools and the Perps DEX. These fees are converted to USDC for stable payouts, with rewards proportional to the amount of GOFX staked and claimable daily.
Loyalty Tiers and Reduced Fees: Holding and staking GOFX categorizes users into different loyalty tiers, with higher tiers offering reduced trading fees and other benefits.
Buyback and Burn Program: 10% of revenue from GooseFX's Single-Sided Liquidity Pools is used to buy back GOFX tokens from the market, which are then burned hourly. This approach aims to reduce the total supply and increase the scarcity of GOFX, steering it towards a deflationary model.
Earnings and Lock-up Period: Unstaking GOFX initiates a seven-day lock-up period, during which no rewards are earned.
Reserve: 30% (210,000,000 GOFX) A portion of this is to provide liquidity on DEXs on chain to support the ecosystem - 2 year lockup then 10% quarterly unlocks. Quarterly unlocks begin January 1st, 2024.
Ecosystem: 25% (175,000,000 GOFX) 5% quarterly unlocks for partnerships and market expansion with other protocols. Quarterly unlocks begin Nov 2021.
Team: 20% (140,000,000 GOFX) 1 year lockup with 3 year vesting (Started Nov 2022)
Advisors: 3% (21,000,000 GOFX) 1 year lockup with 3 year vesting (Started Nov 2022)
Seed: 10.5% (73,500,000 GOFX) 15% of this allocation is unlocked at TGE + 3 month lockup with 18 months vesting for residual 85% (Fully unlocked as of Aug 2023)
Liquidity: 10.5% (73,500,000 GOFX) 2% for IDO/IEO and GOFX market liquidity
Early Adopter Rewards: (1% 7,000,000 GOFX) Alpha & Beta Tester Rewards and Bug Bounties (Unlocked) Updated: 11/01/2023
GOFX does not in any way represent any shareholding, participation, right, title, or interest in the Company, the Distributor, their respective affiliates, or any other company, enterprise or undertaking, nor will GOFX entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in Singapore or any relevant jurisdiction. GOFX may only be utilised on the GooseFX platform, and ownership of GOFX carries no rights, express or implied, other than the right to use GOFX as a means to enable usage of and interaction within the GooseFX platform.
