Token circulating supply = 200 million.
Total Supply = 400 million.
200m tokens are locked by the GNY team for a long timeframe.
Current marketcap can be established by multiplying the current token price by 200 million (tokens currently in circulation).
The GNY token formats
You can purchase GNY tokens in two different formats; GNY-ERC20 or GNY-BEP20.
Both tokens formats will have the ability to pass through GNY's innovative Swapgate to convert them to GNY Mainnet tokens, enabling access to GNY's ML utility, delegate voting etc. Mainnet tokens can also return through the GNY Swapgate and emerge as either GNY-ERC20 or GNY-BEP20 formats allowing you to trade on your preferred exchange eg. Uniswap, Pancakeswap etc. GNY's Swapgate solution aims to offer you plenty of trading options.
All of these GNY swapgate conversions happen without inflating the overall existing GNY token count. Swaps are 1:1.
You can see how the tokens sit within the GNY ecosystem and can flow through the GNY Swapgate in this informative diagram.
Where can you buy/trade GNY-BEP20 tokens?
GNY-BEP20 tokens are available to trade via the Pancakeswap decentralised exchange. Currently GNY on the Bep-20 network is pooled with BUSD, the Binance USD token, so you can use this token to purchase GNY via pancake swap:
Select a token by pasting the GNY token address: 0xe4A4Ad6E0B773f47D28f548742a23eFD73798332
Further details including how to connect to Binance Smart Chain and check BEP20 GNY in your MetaMask wallet can be found in our expansive Pancakeswap trading announcement post.
Where can you buy/trade GNY-ERC20 tokens?
GNY-ERC20 tokens are available to trade via the UniSwap decentralised exchange.
Then add the following GNY token contract and you are ready to trade: 0xb1f871ae9462f1b2c6826e88a7827e76f86751d4
Or you can simply click the Uniswap icon above and be taken directly to the GNYerc20/ETH trading pair.
You can easily check out the GNY-ERC20 token position on Uniswap with the dextools explorer.
Please favorite GNY on it.
GNYerc20 tokens are also available to trade via the SushiSwap decentralised exchange.
Click on "Select a token", then within the search box add the GNY token contract and you are ready to trade: 0xb1f871Ae9462F1b2C6826E88A7827e76f86751d4
You also have the option to add the GNYerc20 token via the "lists" method which you will find detailed in our expansive SushiSwap trading announcement post.
GNY-ERC20 tokens are also listed on 1inch exchange.
This is an exchange aggregator whose aim is to connect exchanges in order to minimize slippage and find good prices.
If the GNY-ERC0 token does not immediately appear then simply click the + symbol to add custom token and input the GNY-ERC0 token contract which is 0xb1f871Ae9462F1b2C6826E88A7827e76f86751d4
The GNY Mainnet Token Is A Utility Token
These utility tokens allow their holders the right to access the GNY network's machine learning utilities and to obtain the advantage of voting for the node operators that secure the GNY network.
Granting Access To The GNY Network
The GNY Mainnet token essentially powers all the actions within our secure and scalable platform. This covers everything from launching your own cryptographic tokens, decentralized applications (DApps), and sidechain projects, to accessing our commercial grade machine learning directly on chain to unlock new patterns in your data. For example third-party DApps launched on the system will require lock up of tokens. GNY tokens are a vital part of the internal economy within the GNY system.
Vote For Node Operators With Your Mainnet Tokens
The GNY blockchain runs on a delegated Proof of Stake (DPoS) consensus algorithm. This consensus method was selected by the GNY project team as it is democratic (token holders vote for up to 101 delegates that will secure the network on their behalf), and because it is scalable, being able to process more transactions per second than many other consensus algorithms.
GNY Mainnet token holders who are prospective delegates will be required to signal ownership of 187500 GNY tokens. They will be required to signal ownership of the tokens in their wallet and on confirmation of making voting position the tokens will lock. Delegates can unlock tokens at any time instantly removing themselves from delegate position.
All transaction fees on the network will return to the operators of the nodes securing the network. All machine learning functionality token cost required to operate the ML system will return to the operators of the nodes securing the network.
Be they delegates or not, GNY token holders can vote proportional to their token count (vote weight) for other delegates to elevate their chosen delegates towards a forging position within the 101. Forging delegates may see it fit to share a portion of their forging rewards with their voters. This token sharing will be determined by the individual delegates.