Global Gravitation Coin (GGC) Ecological Development Rules
Dear GGBTC users,
After the GGBTC operation team carefully evaluated the operation status and the listing performance of GGC, we plans to publicize the total supply and distribution mechanism of GGC for the development of GGBTC in the future:
I . GGC total supply and distribution mechanism:
- The maximum amount of GGC is 1000000000 (1 billion), and the number of GGCin circulation is 30000000 (30 million);
- Token distribution (1 billion GGC)
1) Original team: 10%
2) Risk (safe) reserve fund: 5%
3) Reserved GGC for cooperation channel distributors: 5%
4) Ecological funds: 30%
5) Repurchase and destruction: 50%
II . The GGC repurchase and destruction mechanism:
Since September 1st, 50% of GGBTC's transaction fees will be used to repurchase GGC in the secondary market, the specific rules are as follows:
- 1.GGC activity destruction plan: the GGC handling feesgenerated by GGBTC snap-up activities including snapping activities of the project token and the mainstream cryptocurrency will be destroyed before the 1st of the following month (or after each event).
- 2.GGC repurchase and destruction plan: GGBTC will take out 50% of the transaction fee income from all trading pairsin the previous month to repurchase the GGC from the secondary market and destroy it. This repurchase and destruction plan will continue until the total amount of GGC is only 500 million.
To respect the choices of all GGBTC users, 7 days after the announcement will be used as the time for opinion collection.
*GGBTC Operations Team reserves the right of final interpretation of this announcement.
Thanks for your support!
August 25, 2019