Genesis Pool Tokenomics and Roadmap
Genesis Pool to showcase its groundbreaking approach to IDOs by releasing 67% of its tokens to its investment community.
Genesis Pool (GPool), the cross chain decentralized launchpad, is today announcing its own tokenomics for its IDO launch in late August.
Since its inception, GPool has highlighted the fact that so many launchpads don’t put their retail investors’ interest first and fail to secure adequate pre-sale tokens for their IDOs. GPool is committed to the principle that retail investors, participating in IDOs, should be able to be whitelisted and given the opportunity to buy sizable allocations of pre-sale tokens.
Therefore, GPool will make 67% of its tokens available for purchase. Those whitelisted will be guaranteed an allocation per person of between $500 and $1,000.
Genesis Pool Tokenomics
This means that 67% of the total tokens being minted will be allocated to investors who have gained whitelisting, with no vesting period after launch. This will result in an immediate 67% market cap dilution and will be the most generous allocation of tokens in a launchpad IDO.
How will the remaining 33% of tokens be allocated?
GPool will initially be listed on Uniswap and this will be followed by a further 3 to 4 other decentralized exchanges (DEXs). Each of these DEXs will require liquidity and 13% of the tokens will be used for this purpose.
Marketing activities will be 13% of the tokens and the team will receive 5%, which will be vested for 3 months (future vesting period to be released closer to the end of the first 3 months).
Genesis Pool have recently announced the Genesis Staking Pool which will reward long-term holders of the GPool token. The final 2% of the tokens will be allocated to this staking pool, rewarding those investors who participate from launch.
GPool Project Lead commented:
“GPool allocating 67% of its tokens to its investment community will set a fantastic example to the whole of the launchpad sector and will set a precedent for all future IDOs launched on our platform.
With no seed or private investors, there will be no whale wallets that can cause a pump & dump in the price after launch. We want to ensure it’s our investors who are the seed investors in GPool and will profit from our success.”
Genesis Pool Roadmap for 2021/22
GPool is also announcing today a proposed roadmap so our investors can understand what key events and milestones we hope to achieve this year and in 2022.
This is work in progress and further announcements will be made in due course.
Product Development in Q3
- Web App stage 1 launch
- Native GPool token raise and DEX listing
- Single sided staking platform
- Genesis Pass launch
- USDT/USDC support
Business Development in Q3
- Whitepaper published
- Three IDO projects launched: yes we have secured three projects already
- Security and auditing partnership
- Layer 1 partnership
- Strong community growth & engagement
Product Development in Q4
- Automated CMS
- Staking platform audit
- Governance model
- Automation of IDO smart contract integration application
- Web App stage 2
- Native bridge
- Further DEX listings
- Multiple stable coin integrations
Business Development in Q4
- Multiple IDO projects launched
- Further development of partnerships
- Genesis Pass and staking pool growth
- DeFi ecosystem built
Development in 2022
- Incredible deal flow of IDOs
- Further DEX listings
- GPass & Staking platform V2
- On-chain: ETH, BSC, DOT and multiple networks
- Fully interoperable platform
- Bridge V2
Genesis Pool’s team is very excited for the next stage of its development and we welcome all our community to follow us as we grow into one of the most progressive launchpads in the marketplace.
For further information please register your email on our website for all future whitelistings.
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