GOFX Token Ecosystem
The GooseFX platform has a number of benefits to incentivize active platform users.
- Reduced GooseFX platform trading fees
- Enhanced platform access for token stakers
- GOFX rewards for platform usage
- GOFX Single Sided Liquidity Pool tokens function as collateral
- Enhanced platform functionality and early access to beta products
- Platform development governance - fee & function steering
- GFX Charity
GOFX functions as a loyalty membership point, so users will be classified into different loyalty tiers based on the amount of GOFX held and staked. The premium membership tiers would allow users to benefit from reduced platform trading fees for users staking certain minimums.
Token stakers of different levels will also benefit from varying levels of enhanced platform functionality to assist with trading, including priority application connectivity, advanced analytics and access to the GooseFX trading tool suite. In addition, we offer the token holder subscription based model for premium services to clearly exhibit the utility for all holders and stakers of the GOFX token.
The GooseFX platform itself is simply a blockchain protocol which, by design, does not offer any resources for utilization, so in order for it to perform its core function of a decentralized finance protocol, users would need to be incentivized to play the role of liquidity providers and stake their digital assets into the decentralized market making pools to provide the necessary liquidity for transactions. As compensation for opportunity costs, these liquidity providers which help to promote adoption of the GooseFX platform by including assets to liquidity pools in exchange for LP tokens would be rewarded with GOFX.
So as to encourage decentralized community governance for the network, GOFX would allow holders to propose and vote on on-chain governance proposals to determine future features and/or parameters of the GooseFX platform, as well as select recipients for the GFX Charity Initiative donations. The right to vote is restricted solely to voting on features of the GooseFX platform; it does not entitle GOFX holders to vote on the operation and management of the Company, its affiliates, or their assets or the disposition of such assets to token holders, or select the board of directors of these entities, or determine the development direction of these entities, does not constitute any equity interest in any of these entities or any collective investment scheme; the arrangement is not intended to be any form of joint venture or partnership.