Circulating supply update for CoinMarketCap and a huge dose of GHX transparency!
GamerHash was created already in 2017 and since then it has become extraordinarily popular among the gaming and crypto communities with over 620 000 users. The GamerCoin (GHX) is a quite new invention when we look at the GamerHash history (although it’s probably the most exciting part!) as it’s been with us only a few months.
CoinMarketCap and $GHX supply
Our goal was always to be transparent, especially when it came to the GHX — an example can be the exact data about staking and freezing 20,000,000 GHX and 30,000,000 GHX! This time we wanted to show the community how well we are managing the funds and how we limit the GHX supply while providing exact numbers needed for the CoinMarketCap and the circulating supply data.
Circulation Supply
Since the launch of the GamerCoin (GHX) the team has been extremely careful when spending GHX, and we wanted it to be visible for everyone to see. This is why we were not claiming the big chunk of available GHX tokens from the smart contract.
Unfortunately, not claiming tokens is detrimental to the circulating market cap because they will be still visible as coins being on the market (within the circulating supply) — while they are not even claimed. This is why the tokens are going to be claimed, and the team will provide a new solution.
Transparency
We want to be 100% transparent and make the community aware of the state of GHX supply. This is why we are tagging (showing ETH address) the exact GHX addresses where the Advisor, Marketing, Ecosystem, Community & Game mining tokens are.
What we are proud to present is how a few of the GHX was spent. It’s only a few percent as we care about the community and investors deeply, and hopefully, this proves it undoubtedly.
The rest of the GHX tokens are locked up as stated in the whitepaper (page 44). These locked GHXes are in the smart contract, so we cannot provide their address, and they will be only visible after the lockup period is finished, and they are claimed.
