GemUSD Tokenomics
Overview of GemUSD
Last updated
Overview of GemUSD
Last updated
Name:GemUSD Ticker:GemUSD Chain:Polygon Decimal:18 Contract:In prepration Maximum supply volume:100,000,000 (*1) Initial Issue Volume:3,000,000
*1 There is room for supply to change in the future.
Token sale: 2,500,000
GEMFOREX User: 1,000,000
Launchpad: 1,000,000
VC: 500,000
GEM hedge fund: 300,000
Liquidity supply: 200,000
Convertibility:
$1 per GemUSD redemption rate is secured; the GEM hedge fund always holds a redemption reserve for redemption (except for locked GemUSD, which is locked). (Locked GemUSD will be put into fund management).
Risk control:
The ability to redeem tokens limits volatility and facilitates risk control compared to tokens that have no monetary backing.
Circulation as a stable currency:
Due to the above features, there are expectations that GemUSD will be listed on exchanges and adopted as a pegged currency compared to general tokens.
When GemUSD is redeemed, GemUSD is burned. This ensures that the amount of GemUSD in circulation and the redemption reserve are always in balance.