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Summary of GoldPesa Option
Key Points
- GoldPesa Option Token (GPO) is an exotic call option with a moving strike price.
- Each GPO token represents an option to purchase 1 newly minted GPX token at spot gold price + 1%.
- GPX token is a hybrid token, initially minted and sold at spot gold price + 1%, backed by 1 gram of physical gold.
- GoldPesa invests 50% of fees in a brokerage account managed by the PAWN, a proprietary trading algorithm.
- Profits generated by the PAWN are used to buy back and burn GPX tokens, creating demand and reducing supply.
About GoldPesa Option
GoldPesa Option is a cutting-edge, decentralized financial platform that empowers users to harness the potential of cryptocurrency investments.
Introducing GoldPesa Option (GPO): A Revolutionary Financial Instrument
The GoldPesa Option Token (GPO) is an exotic call option featuring a dynamic strike price. Each GPO token embodies an option to acquire one newly minted GPX token at a premium of 1% above the prevailing spot gold price.
Introducing GoldPesa (GPX): A Revolutionary Digital Asset
The GPX token has been meticulously designed to function as a hybrid token, initially minted and sold at a premium of 1% above the spot gold price. As a hybrid token, it is inherently pegged to another asset, in this case, gold, and is collateralized to ensure a stable value. The token’s price is expected to fluctuate with a premium, driven by the earnings aspect of the GPX token. Notably, each GPX token is backed by a tangible asset, equivalent to 1 gram of physical gold.
Unraveling the Enigma: How Gold-Backed Tokens Can Command a Premium
GoldPesa allocates 50% of all fees to a brokerage account, expertly managed by the PAWN, a sophisticated and highly advanced trading algorithm. The profits generated by the PAWN are strategically utilized to repurchase and subsequently burn GPX tokens from the market, thereby rewarding token holders by stimulating demand and concurrently reducing supply. This innovative model effectively creates a revenue stream from an asset class (gold) that traditionally lacks yield. In accordance with traditional finance principles, by generating earnings, we can anticipate the market to value GPX at a multiple of its earnings, resulting in GPX being traded at a premium, contingent upon the performance of the PAWN, our cutting-edge and highly intelligent trading algorithm.
It is crucial to emphasize that the gold reserves of GPX token holders remain unencumbered at all times, as we assume the risk of our own fees and capital to benefit token holders, thereby creating tokens that exhibit the characteristics of a DeFi gold-backed structured product. As GPX begins to trade at a premium, the intrinsic value of the GoldPesa Option token (GPO) will organically appreciate, being directly correlated to the premium of GPX.
The Circulating Supply of GPO Tokens: An Overview
On October 12, 2021, GPO successfully debuted on the Ethereum MainNet, introducing a total of 100 million GPO tokens at its genesis. Notably, the platform also features a wallet hard cap of 100,000 GPO per wallet, ensuring a balanced and secure ecosystem.
The Visionaries Behind GoldPesa: Meet the Founders
GoldPesa is the visionary brainchild of Shamik Raja, a seasoned developer and computer engineer with a rich background in digital signal processing, programming, commodities, and quantitative science.
Between 2001 and 2006, Raja pursued a degree in Electrical & Computer Engineering at the University of British Columbia in Canada. Throughout his career, Raja has dedicated himself to researching the application of principles in digital signal processing, with a focus on developing an automated commodity-buying system that leverages algorithmic calculations to navigate the intricacies of international commodity and currency markets.
GoldPesa represents the synergy of Raja’s 8-year tenure in the precious metals sector, bolstered by an impressive 20-year background in quantitative science and engineering.
Acquiring GPO: A Comprehensive Guide to Purchasing Options
GPO can be acquired on the GoldPesa decentralized exchange, powered by Uniswap (
https://app.goldpesa.com/
).
GoldPesa has developed a sophisticated dynamic liquidity protocol, leveraging Uniswap V3. This innovative code strategically allocates liquidity within concentrated ranges, which are automatically rebalanced based on machine learning models, thereby ensuring steady growth, robust price protection, and minimized slippage.
The Genesis of GPX Tokens: A Minting Process
GoldPesa Option (GPO) holders are afforded the opportunity to exercise their option, thereby acquiring newly minted GPX tokens at a premium of 1% above the prevailing spot gold price.
The GPX Secondary Market: A Hub for Diverse Trading Opportunities
Upon minting, GPX tokens will be listed on a diverse range of decentralised and centralised exchanges, enabling investors to acquire them on the secondary market at a potential premium, contingent upon the performance of our proprietary intelligent trading algorithm, PAWN.