Some communities have come to us with feedback and their issues with Defi Yield Farming.
A lot of them are small players, and some only have a few hundreds of stable-coins; it’s nearly impossible for them to join in the fun of Yield Farming. “I want to be part of the game, but gas fees are too high and I lose more than what I get out because I’m only doing subsistence farming for my family!” Compared to Ether, users on EOS can invest less in DEFI projects，And there will also be good DEFI projects on EOS.
The most successful projects, as the community has consistently pointed out, are word-of-mouth marketing campaigns; if there is an incentive for people to spread the word, such as a small referral bonus for the introducer, without affecting the farmers, it’ll help the protocol spread exponentially.
And, of course, where would we be without governance? The community should have control over the Yield Farming protocol and even the distribution of the Yield Farming Protocol coins. Wouldn’t it be great to have fully on-chain governance, without the need to manually update the parameters?
The feedback from the community is quite valid and on point. That’s why we built a solution to handle all these issues, to bring Yield Farming to YOU, whether you are a big or a small player.
And that is how GOLD is born.
GOLD is the governance token of GOLD protocol. The project aims to bring the true value of yield farming finance accessible to all users, regardless of whether you are a big whale or small minnow, via its unique features, namely the voting of the inflationary rate of the supply with automatic burning done fully on-chain.
- GOLD.Finance is a DeFi yield aggregator
- First-ever Vote on-chain Supply Inflation rate to enable farmers to vote on-chain and automatic execution will be made based on the votes counted.
- GOLD has a stable-coins pool which allows even small players to join the DeFi Yield Farming. The number of users will then be 100x or more compared to other DeFi Yield Farming Protocol.
How Do I earn GOLD?
First-ever Yield Farming Protocol that has a pool allows you to stake your stable coins directly.
!!! In order to prevent a large number of speculative users, we set a principal loss mechanism. In each pool, users need to endure a principal and GOLD loss when they exit, 10% of the principal loss will be provided to project development, and 90% will be allocated to other users in the pool. 10% of the GOLD loss will be provided to project development, and 45% will be allocated to other users in the pool, 45% will be burned. This happens independently in each pool.
Token Supply
There’s a total supply of 1344000 GOLD.
Daily Supply: 43200 GOLD
Halve Days :14 days
Fair Farming
In order to better feedback to Early bird, we will pre-sell 10% of GOLD tokens, priced at 1GOLD=0.5EOS. Some amount of the pre-sale EOS will be used to add the earliest GOLD/EOS liquidity. If the exchange is not full, all remaining GOLD will be burned.
What’s the Meaning of Yield Farming
In order to make Farming more meaningful and valuable, We decided to use GOLD as the only payment token of the Cuckoo VPN network. If user A needs to browse Google through user B’s Cuckoo VPN network node, then user A must Purchase GOLD to pay for the network services by user B.
Due to the continuous tense international environment, VPN has almost been an indispensable tool , and the only way for everyone to network freedom. Because of the blockade of firewalls in various countries, almost all VPN networks based on the public network server node level have fallen, and some countries have also adopted legislation as a mandatory measure to restrict them. Therefore, it is difficult to find high-speed, stable, and usable VPN software. After in-depth research, we decided to create a new decentralized VPN network to solve this problem. The network is developed based on the GOLD, Gold will be the only payment and incentive method for the entire network.
What is the Cuckoo VPN?
In order to solve the problem of browsing freedom of 4.388 billion Internet users, the team proposed a new VPN network solution — a peer to peer decentralized VPN network (Cuckoo VPN), we dedicated to making VPNs like Bitcoin unable to be interfered and blocked by the government. Everyone in this network can be either a “consumer user” or a “service node”. Becoming a node can provide network services and make a lot profits.
Users can spend a certain amount of GOLD to become a network node of (Cuckoo VPN), provide idle home Networking for users who need to access the network across countries, and you will be reward. In order to ensure the consumer experience, we also need the node to stake some GOLDs as a network service deposit. If consumers fail frequently to connect one node, the system will punish this node by deducting some GOLDs staked.
What are our core technologies?
Newly designed VPN communication protocol (OpenVPN or WireGuard-based protocols on the market have already been blocked by firewall marks);
Point-to-point data synchronization forwarding technology
Settlement based on EOS smart contract;
Node automatic selection method: equity weighting (the more stable the service, the better the node will be selected).
How to plan and implement?
Total number of nodes: 1200
Node bidding price: starting from 1000 GOLD (the price increases by 10% for each sale)
Development cycle:
The 1 stage: VPN protocol development, peer-to-peer network design
The 2 stage: Core network internal test, development of EOS settlement system
The 3 stage: Development of the computer version of the client, development of IOS App, development of Android App
we believe that expensive node fees and effective penalty mechanisms will make our VPN network more efficient and pure. The system will airdrop genesis bonus certificates to every user who holds GOLDs, and will have the right to share up to 30% of the VPN network fees annually.
What is the purpose of pre-sale funds?
In order to reward to the community and accumulate the depth of the GOLD liquidity faster, we will pre-sell 134,400 GOLDs. These will be added to GOLD/EOS early liquidity on https://defibox.io.
What’s the over-presale?
In order to prevent scientists from killing pre-sale tokens in seconds, we used a fair and common method to presale. All people can deposit any amount EOS before the deadline, After the pre-sale time is over, the contract will automatically send tokens. If the total amount of funds is greater than 67,200 EOS, the amount of GOLD received by users will be based on the proportion of their funds,and the excess EOS will be returned to the users. When the amount of funds raised is not enough and there are still unsold tokens by the pre-sale deadline, they will all be transferred to the black hole account.
How to calculate?
Golds amount user can get = EOS deposited by the user / the total EOS raised X 134,400
Return EOS amount = EOS deposited by the user / the total EOS raised X (the total EOS raised-67,200)
When can it be claim?
The team will enable EOS and GOLD withdrawals half an hour after the pre-sale is completed. For Golds and returned EOS, users need to withdraw at the official website presale page.
Note:
Please participate in the pre-sale through the pre-sale page of the official website, if you transfer directly to the contract, please add memo:STAKE, otherwise the funds will be returned directly.
Official Sources:
Game Contract: igold.eos
Token Contract: igold.bank
GOLD burn Contract: black.bank
medium: https://medium.com/@igold.fun
Twitter: https://twitter.com/igold_fun
Telegram: https://t.me/igold_fun
Website: https://igold.fun
