Topic: [ANN] [GS] Gauss Cash | DeFi+PoW | Liquidity Farming | CPoW (Read 338 times)
One of the foundational advantages of Gauss is the combination of PoW and liquidity mining mechanism. After Foundation quota, the current distribution plan is PoW 80% and liquidity 20% per day.
Miners will rent GS from investors to deposit and participate in CPoW. GS Foundation will build a system to enhance that cooperation and ensure security.
24 hours till pre-sale ends.
https://twitter.com/gausscash/status/1295616396705947658
https://twitter.com/gausscash/status/1295616396705947658
24 hrs to go. https://twitter.com/gausscash/status/1294532811978731521
Once your ETH is received, dev will automatically send GS Tokens back to your address shortly after Uniswap listing. It seems convenient and fast
I will post presale details by today.
More details coming
Do you have profile links for your team members? Did you launch this project just in time for DeFi-related projects? Or is the idea for DeFi miners has long been in your kitchen? With no premine nor ICO, this project may be worth supporting for? However, are you going to release the block explorer? It seems that important link is not included in your OP.
Hi, animated team profile can be found on our web. Was a mainnet project, but we found DeFi can also be helpful and leave more choices to potential users. Mainnet and explorer will release later, tech is ready though.
Please come and join telegram for a look, https://t.me/GaussCashOfficial
GS Token is equivalent to GS Coin and one-to-one proportional exchange for each other. GS Token is designed to endue users' priority in CPoW mining and allow users to participate in liquidity mining.
Do you have profile links for your team members? Did you launch this project just in time for DeFi-related projects? Or is the idea for DeFi miners has long been in your kitchen? With no premine nor ICO, this project may be worth supporting for? However, are you going to release the block explorer? It seems that important link is not included in your OP.
Come to our Tele for more info: https://t.me/GaussCashOfficial
GS
OVERVIEW
First to combine DeFi with CPoW. GS Assets Lending Protocol reward liquidity mining with GS Token. The GS mainnet requires users to deposit a pre-decided amount of GS Coin to obtain high mining rewards(CPoW) which makes GS Coin a natural hash power monopoly resistant cryptocurrency. GS Token one-to-one proportional exchange for GS Coin. GS token is designed to endue users priority in CPoW mining.
Liquidity Mining
Gauss mainnet rewards 60,000 GS every 24 hours, 50%(30,000GS) of the rest GS will be automatically allocated as liquidity mining reward.
Rewards will be distributed equally between borrowers and lenders sides. Reward distribution is calculated and distributed every block (every 5mins).
The initial three accepted underlying assets are BTC, ETH and USDT. In the beginning, the reward distribution factor of lender and borrower sides set as follows btc20%, eth30%, usdt50%.
For each block, lenders reward equals to:
Lender Reward=Distuibution Factor*30,000*(Deposit/Pool Fund)
And borrower reward equals to:
Borrow Reward=Distribution Factor*30,000*(Loanl/Total Loan)
Rewards will be distributed equally between borrowers and lenders sides. Reward distribution is calculated and distributed every block (every 5mins).
The initial three accepted underlying assets are BTC, ETH and USDT. In the beginning, the reward distribution factor of lender and borrower sides set as follows btc20%, eth30%, usdt50%.
For each block, lenders reward equals to:
Lender Reward=Distuibution Factor*30,000*(Deposit/Pool Fund)
And borrower reward equals to:
Borrow Reward=Distribution Factor*30,000*(Loanl/Total Loan)
CPoW Mining
CPoW builds upon traditional PoW, in short, to start mining GS, miners are required to obtain a certain amount of hash rate quota first.
Miners have to deposit GS on mainnet to get hash rate. In the early stage, Gauss requires approximate 4GS deposited on Gauss mainnet to obtain 1M hash rate with 100% mining reward. Otherwise, only 5% reward(DPoW)
Miners have to deposit GS on mainnet to get hash rate. In the early stage, Gauss requires approximate 4GS deposited on Gauss mainnet to obtain 1M hash rate with 100% mining reward. Otherwise, only 5% reward(DPoW)
UNIQUE FEATURES
1. Tokenomics: GS Token 1:1 proportional exchange for GS Coin once mainnet launch.
GS Token is the key to priority participation of GS Coin CPoW mining.
2. DeFi+CPoW: Lending protocol allows liquidity farming, while mainnet utilizes Ethash algo mining.
3. HashPower Monopoly Resistant: CPoW pre-deposit mechanism prevents power monopoly from the beginning.
1. Tokenomics: GS Token 1:1 proportional exchange for GS Coin once mainnet launch.
GS Token is the key to priority participation of GS Coin CPoW mining.
2. DeFi+CPoW: Lending protocol allows liquidity farming, while mainnet utilizes Ethash algo mining.
3. HashPower Monopoly Resistant: CPoW pre-deposit mechanism prevents power monopoly from the beginning.
Tokenomis
Total GS Token Supply: 100,000,000
Private 1: 2,500,000 2.5% (0.04USDT/GS, Linear Vesting)
Private 2: 2,500,000 2.5% (0.04USDT/GS, Linear Vesting)
Team: 5,000,000 5% (Linear Vesting)
Ecosystem: 2,500,000 2.5% (Linear Vesting)
OTC Pre-Sale: 20,000,000 20% (0.05USDT, details to be released soon)
ETH-GS Pair Pool: 14,000,000 14%
Liquidity Rewards:53,500,000 53.5% (Liquidity Farming)
Private 1: 2,500,000 2.5% (0.04USDT/GS, Linear Vesting)
Private 2: 2,500,000 2.5% (0.04USDT/GS, Linear Vesting)
Team: 5,000,000 5% (Linear Vesting)
Ecosystem: 2,500,000 2.5% (Linear Vesting)
OTC Pre-Sale: 20,000,000 20% (0.05USDT, details to be released soon)
ETH-GS Pair Pool: 14,000,000 14%
Liquidity Rewards:53,500,000 53.5% (Liquidity Farming)
Stay tuned, whitelist and pre-sale details to be released soon.
Pre-Sale Details
18 Aug 2020 07:00 UTC
20,000,000GS(20% of Total Supply)
Minimum 0.5 ETH
Below 20 ETH at $0.05/GS
20 ETH and above qualify a 10% discount at $0.045/GS
70%Raised ETH goes into pool
https://twitter.com/gausscash/status/1294532811978731521
Details: https://medium.com/gausscash/gs-pre-sale-details-cfd8c0fa296d
20,000,000GS(20% of Total Supply)
Minimum 0.5 ETH
Below 20 ETH at $0.05/GS
20 ETH and above qualify a 10% discount at $0.045/GS
70%Raised ETH goes into pool
https://twitter.com/gausscash/status/1294532811978731521
Details: https://medium.com/gausscash/gs-pre-sale-details-cfd8c0fa296d
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