TokenGo - Ecosystem & GoPower Token (GPT)

The TokenGo ecosystem ensures the complete closeness of economic and social processes and meets all the aforementioned present-day requirements in order to succeed and enable its participants to earn income.

GoPower token owners are by default allowed to participate in producing the project’s in-house payment cryptocurrency — GoCoins — through the process referred to as Minting.

GoCoin (GOC) is a single payment instrument on the TokenGo platform, a cryptocoin which is generated daily as a result of minting based on the proprietary, modified DPoP consensus algorithm. GoCoin is distributed among the platform participants by a special algorithm and provides financial backing for ICO procedures on the TokenGo blockchain.

GOC coins produced by minting are distributed as follows:

5% are distributed as a reward for Delegates/Miners. The remaining amount is taken as 100% and distributed among GoPower token holders and Activity and Harvesting participants as follows:

During the first month of the platform operation, 100% of GOC are distributed among all GoPower token holders as a reward.

Starting from the second month of the platform operation, 90% of GOC are distributed among all GoPower token holders and 10% of GOC are distributed among participants based on Harvesting and Activity results.

Starting from the second year of the platform operation, the amount of GOC to be distributed among all GoPower token holders will be reduced by 10% annually while the amount to be distributed based on Harvesting and Activity results, will, in its turn, increase by 10%. This will go on until the ratio of 20% to GoPower token holders and 80% to Activity and Harvesting participants is achieved.

This mechanism is preconditioned on the monthly increase in the number of participants involved in Activity and Harvesting processes, which will naturally require an increase in the total remuneration amount to be distributed. At the same time, the estimated inevitable growth of the GoPower rate will maintain the attractiveness of rewards in GOC received from minting and distributed among GoPower holders. Thus, natural regulation of the GOC distribution will be attained, without the need for any additional emissions.

GOC received as a reward by GoPower holders, Delegates, Authors and Curators, can be used as follows:

-to pay for any products or services provided by the TokenGo platform or projects connected to it, including any online stores, service bureaus and other services;

-to put up for sale on the in-house cryptocurrency exchange;

-to be instantaneously exchanged using a special trading robot;

-to be invested in ICOs of projects connected to the platform to purchase their tokens for earning extra income in the future.

Originators of projects and business models interested in holding ICO procedures will purchase GOC as the only means of settlement with TokenGo when implementing campaigns for those projects. This can be either a basic connection to the TokenGo Blockchain involving emission of their own tokens, or a payment for additional products and services offered by the platform, such as web design services, creation of customized landing pages, development of DDoS protection or data security solutions, etc. Third-party investors who do not have their own GoCoins to purchase tokens of the projects holding ICOs can also purchase the coins through the TokenGo cryptocurrency exchange.

GoCoins received in the course of ICOs can also be disposed of by any means available:

-paying to the TokenGo platform for any current works or services,

-paying for any products or services of other projects connected to the TokenGo platform such as online stores, service bureaus and other services;

-putting them up for sale on the in-house cryptocurrency exchange.

-exchanging them instantaneously using a special trading robot.

GOC can be purchased using some popular cryptocurrencies or fiat money. In order to enable instantaneous exchange, the TokenGo platform utilizes a proprietary crypto-exchange robot which exchanges necessary currencies in the real-time mode and pays remuneration to sellers in the necessary currency.

Thus, a closed cycle is formed, which continuously maintains the attractiveness of the in-house coin (GOC) and the GoPower token.

TokenGo Voting Harvesting

TokenGo is a blockchain based platform providing fair rewards to its participants. We appreciate each vote and therefore offer a customized modification of the DPoS consensus including fair distribution of all produced GoCoins among GoPower token holders, Authors and Curators who take an active part in creating media content, voting, writing comments and reviews.

Harvesting is a crucial element of the ecosystem and plays a great part in the TokenGo Community formation. The economic and social incentives embedded in the GoPower token are able to motivate the overwhelming majority of participants to perform certain actions aimed at achieving the shared goal and receiving a timely and fair reward proportional to the contribution made.

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GoPower (GPT)

GoPower is a token emitted on the Ethereum blockchain. GPT is the fundamental highly liquid unit of the platform and is used for the TokenGo ICO.

The total amount of tokens produced is limited to 700 million GPT. No additional emissions are provided for.

Distributing Tokens for ICO

ICO

Dates: February - April 2018.

Soft Сap: 10 000 ЕTH.

Hard Сap: 250 000 ETH.

Finished on: either by reaching Hard Cap or upon reaching the end of the ICO.

Minimum number of GoPower tokens to be purchased – 1 GPT.

All the bonuses are cumulative.

ICO Bonus Program

the 1st week of ICO — 30%;

the 2nd week of ICO — 20%;

the 3rd week of ICO — 10%;

the 4th week of ICO — 5%.

Global Bonuses for ICO

the 1st week of ICO — 30%;

the 2nd week of ICO — 20%;

the 3rd week of ICO — 10%;

the 4th week of ICO — 5%.

Personal Referral Bonuses for ICO

When purchasing:

Purchase of 100 to 1000 GPT — 5% to the invitee and 10% to the inviter.

Purchase of 1001 to 5000 GPT — 10% to the invitee and 20% to the inviter.

Purchase of 5001 to 1000 GPT — 15% to the invitee and 25% to the inviter.

Purchase of 10001 GPT — 20% to the invitee and 30% to the inviter.

Accrual of GPT Tokens at ICO Stage

When an amount of GoPower tokens is purchased, their ownership is registered in the electronic (software) form after 3 acknowledgements using Blockchain technology without a need for any verification procedures or providing any identification documents.

All purchased tokens become available in the participant’s Personal Cabinet and can be withdrawn to the participant’s own wallet at any time.

This does not apply to tokens accrued to participants during the bounty campaign. Those GPT can be withdrawn only after the TokenGo ICO procedure is completed.

GoPower Token Potential

The TokenGo consensus utilizes the customized modified DPoP (Delegated Proof of Power) algorithm which is based on DPoS/PoW hybrid algorithm. Its specific features include the use of a special GoPower token, which is the basis for determining the GoCoin minting priority. The more GoPower a Delegate/ Miner owns, the more GoCoins he or she can receive during distribution.

Up to 90% of all produced GoCoins will be distributed among GoPower token holders. Therefore, the main driver of the token cost growth is the possibility of participating in GoCoin production.

GoPower has paramount importance when distributing GoCoins (GOC) – TokenGo’s in-house cryptocurrency. Thus, under otherwise equal conditions, the more GPT a participant of TokenGo has on the account when remunerations are accrued, the more coins he or she will receive to the account as a result of distributing the total amount of GOC produced by minting.

GoPower Token Migration

After the TokenGo blockchain platform is launched, anyone interested will be able to take part in the procedure of token migration from the Ethereum platform to the TokenGo blockchain platform at the rate of 1 to 1 where a holder of renewed GPT will have all the specified additional options.