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About Gyrowin Summary
Key Points
- Gyrowin is a decentralized cross-chain gaming and finance platform.
- GW is the native utility token used for borrowing, lending, staking, governance votes, and fees.
- Total supply of GW tokens: 5 billion
- Circulating supply: approximately 266,994,281 GW
- 25,155,720 GW tokens burned using a buyback and burn strategy
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Token allocation:
- 8.32% for liquidity pool stability
- 41% for governance, inflation rate, and lending liquidity
- 5% for marketing
About Gyrowin
In the realm of digital assets, Gyrowin emerges as a trailblazing entity, poised to revolutionize the landscape of cryptocurrency trading.
Introducing Gyrowin (GW): A Comprehensive Overview
Gyrowin is a decentralized, cross-chain gaming and finance ecosystem. The platform is dedicated to ensuring transparent and equitable reward distribution for its diverse array of lottery games, while maintaining unwavering commitment to full decentralization by leveraging oracles and smart contracts to facilitate all core operations.
The GW token serves as the native utility token, facilitating a multitude of purposes, including:
- Generating passive income through borrowing and lending, with interest accrued.
- Participating in staking (also referred to as a “money plant”) to reap multiple rewards, thereby maximizing Return on Investment (ROI) for participants.
- Exercising governance votes to shape the platform’s core development and future trajectory.
- Incurring fees associated with buying and selling tokens.
- Compensating stakeholders and lenders for their contributions.
The Circulating Supply of GW Tokens: A Quantitative Breakdown
Gyrowin successfully launched its token on the Binance Smart Chain mainnet on September 21, 2023, boasting a total supply of 5 billion tokens. Notably, approximately 8.32% of the total supply is allocated to enhance the stability of the GW liquidity pool, with this portion being securely locked in the Gyrowin Freezelock contract from inception. Furthermore, a substantial 41% is reserved for managing the annual inflation rate, facilitating governance voting, and augmenting liquidity for lending purposes, also locked in the Gyrowin Freezelock contract. Additionally, 5% of the token supply is designated for marketing initiatives, subject to a 5% monthly vesting period.
A significant allocation of 17% of the tokens is designated for strategic listings on centralized exchanges, loyalty programs aimed at incentivizing creators, and bounties. Furthermore, a modest 0.25% allocation was reserved for the Tenset Infinity airdrop, which is subject to a daily vesting schedule with a 2-week cliff.
In terms of the sales token allocation, a 10% tranche was acquired during the Money Plant sale. A substantial 30% of the tokens were made available at the Token Generation Event (TGE), with a vesting schedule of 5% every 2 months. Similarly, a notable 8.3% was purchased during the private sale, which featured a 20% TGE allocation and a 5% fortnightly vesting period. In our final sale preceding the launch, the Pinksale presale Fairlaunch saw a modest 0.34% allocation.
Notably, a significant 10% of GW’s total supply was reserved for the project’s founding members.
At the time of writing, the circulating supply of GW tokens stood at approximately 266,994,281 GW, with an additional 25,155,720 GW tokens having been removed from circulation through a strategic buyback and burn mechanism, sourced from the liquidity pool.
The Visionaries Behind Gyrowin: Meet the Founders
The Gyrowin platform was built by a team of seasoned developers hailing from Korea and Australia, boasting extensive expertise in blockchain development.
Prior to embarking on Gyrowin, the development team had previously contributed to a hydrogen-based blockchain project on Solana. As of August 2022, they shifted their focus to Gyrowin, which has since grown to a team of over 10 staff members.
The founder has successfully completed the KYC (Know Your Customer) verification process with Pinksale.
Acquiring GW Tokens: A Comprehensive Guide
GW is now accessible for trading on one of the largest decentralized exchanges (DEX) on the Binance Smart Chain, namely PancakeSwap, with the GW/USDT trading pair currently available.