GS
OVERVIEW
First to combine DeFi with CPoW. GS Assets Lending Protocol reward liquidity mining with GS Token. The GS mainnet requires users to deposit a pre-decided amount of GS Coin to obtain high mining rewards(CPoW) which makes GS Coin a natural hash power monopoly resistant cryptocurrency. GS Token one-to-one proportional exchange for GS Coin. GS token is designed to endue users priority in CPoW mining.
Liquidity Mining
Gauss mainnet rewards 60,000 GS every 24 hours, 50%(30,000GS) of the rest GS will be automatically allocated as liquidity mining reward.
Rewards will be distributed equally between borrowers and lenders sides. Reward distribution is calculated and distributed every block (every 5mins).
The initial three accepted underlying assets are BTC, ETH and USDT. In the beginning, the reward distribution factor of lender and borrower sides set as follows btc20%, eth30%, usdt50%.
For each block, lenders reward equals to:
Lender Reward=Distuibution Factor*30,000*(Deposit/Pool Fund)
And borrower reward equals to:
Borrow Reward=Distribution Factor*30,000*(Loanl/Total Loan)
CPoW Mining
CPoW builds upon traditional PoW, in short, to start mining GS, miners are required to obtain a certain amount of hash rate quota first.
Miners have to deposit GS on mainnet to get hash rate. In the early stage, Gauss requires approximate 4GS deposited on Gauss mainnet to obtain 1M hash rate with 100% mining reward. Otherwise, only 5% reward(DPoW)
UNIQUE FEATURES
1. Tokenomics: GS Token 1:1 proportional exchange for GS Coin once mainnet launch.
GS Token is the key to priority participation of GS Coin CPoW mining.
2. DeFi+CPoW: Lending protocol allows liquidity farming, while mainnet utilizes Ethash algo mining.
3. HashPower Monopoly Resistant: CPoW pre-deposit mechanism prevents power monopoly from the beginning.
Tokenomis
Total GS Token Supply: 100,000,000
Private 1: 2,500,000 2.5% (0.04USDT/GS, Linear Vesting)
Private 2: 2,500,000 2.5% (0.04USDT/GS, Linear Vesting)
Team: 5,000,000 5% (Linear Vesting)
Ecosystem: 2,500,000 2.5% (Linear Vesting)
OTC Pre-Sale: 20,000,000 20% (0.05USDT, details to be released soon)
ETH-GS Pair Pool: 14,000,000 14%
Liquidity Rewards:53,500,000 53.5% (Liquidity Farming)
Stay tuned, whitelist and pre-sale details to be released soon.
