About GCS
What Is GCS?
GCS utility token captures the value of the GCS ecosystem. GCS was issued at an IEO on 30 March 2022 and listed on 19 April 2022 on the GC Exchange (www.gcex.lt) GCS tokens are minted on the BEP20 smart contract running on the Binance (BNB-BSC) smart chain network. The GCS tokens offer transaction efficiency, security, reliability, and trust.
GCS tokens do not provide ownership or management rights in GCex. GCS tokens are utility tokens based on the Howey Test. GCS tokens should not be deemed as securities and do not need to register as a security. GCS tokens derive value based on the GCS ecosystems.
GCS tokens were audited by the Ether Authority and rated "well-secured" (the highest score).
GCS tokens received a Certificate of Sharia compliance (05-03-22) from the International Halal Assurance Institute. An independent Sharia Advisory Council regularly reviews and undertakes sharia auditing to ensure the GCS token remains Halal.
The GCS token being Halal, allows the Islamic community to participate in the trading and ownership of GCS tokens. Muslim participation in crypto trading is reported as less than 2% of total world crypto traders (source: Coqonut Data).
GCS tokens permit interoperability within the Binance network-based protocols and decentralized applications. Allowing holders to transact and exchange across the network including trading within secondary markets.
Supply of GCS tokens
Total one time & maximum supply of GCS token has a lifetime cap of 10 million tokens.
The initial issue of 5 million tokens will be released over 5 years as per the token release plan that is unveiled in this submission. All the tokens are locked with multi-sig in EVM wallets to ensure release in orderly manner as per tokenomics.
Tokenomics
The GCS tokenomics was developed to minimize GCS price dilution and support GCS price appreciation. Tokenomics of the initial five million GCS tokens are as follows: Locked - Liquidity Pool (20%), Founders (15%), Angel Investors (5%), and others (14%), a combined total of 54%. Unlocked - Pool Economic Zone 24.6%, IEO 20%, and Airdrops 1.4%, a combined total of 46% to make up the 100% of initial release.
GCS ecosystems
GCS tokens value is derived from the GCS ecosystems. The GCS ecosystems comprise of real assets and revenue generated largely from XAUs stable tokens (Yet to be launched) to operate within the GCS ecosystems that consist of 1) Minting of XAUs 2) Market Maker Leverage Trading 3) Bank Tokenization 4) GC Exchange 5) Biometric Wallet
These ecosystems provide a pathway to long-term GCS token price appreciation through GCS ecosystems returning free cash flow to the GCex liquidity pool. XAUs & Biometric Wallets are expected to be issued during the 3rd Qtr. 2022.
The GC tokens provide the opportunity to undertake Halal transactions (free from usury) around the digital economy base market for the Islamic Community that is currently an undeserved crypto asset market of 1.9 billion people worldwide.
Who Are the Founders of GCS Tokens?
The main founder of GCex Exchange and CTO is Mr. Naved Masud, Mr. Dimitri Rizzi, Ms. Farah Dinie Binti Shamshudeen Yunus, Mr. John Joseph Pellegrini.
Where can GCS token be purchased?
GCS tokens are available from the GC Exchange (gcex.lt).
GCS utility token captures the value of the GCS ecosystem. GCS was issued at an IEO on 30 March 2022 and listed on 19 April 2022 on the GC Exchange (www.gcex.lt) GCS tokens are minted on the BEP20 smart contract running on the Binance (BNB-BSC) smart chain network. The GCS tokens offer transaction efficiency, security, reliability, and trust.
GCS tokens do not provide ownership or management rights in GCex. GCS tokens are utility tokens based on the Howey Test. GCS tokens should not be deemed as securities and do not need to register as a security. GCS tokens derive value based on the GCS ecosystems.
GCS tokens were audited by the Ether Authority and rated "well-secured" (the highest score).
GCS tokens received a Certificate of Sharia compliance (05-03-22) from the International Halal Assurance Institute. An independent Sharia Advisory Council regularly reviews and undertakes sharia auditing to ensure the GCS token remains Halal.
The GCS token being Halal, allows the Islamic community to participate in the trading and ownership of GCS tokens. Muslim participation in crypto trading is reported as less than 2% of total world crypto traders (source: Coqonut Data).
GCS tokens permit interoperability within the Binance network-based protocols and decentralized applications. Allowing holders to transact and exchange across the network including trading within secondary markets.
Supply of GCS tokens
Total one time & maximum supply of GCS token has a lifetime cap of 10 million tokens.
The initial issue of 5 million tokens will be released over 5 years as per the token release plan that is unveiled in this submission. All the tokens are locked with multi-sig in EVM wallets to ensure release in orderly manner as per tokenomics.
Tokenomics
The GCS tokenomics was developed to minimize GCS price dilution and support GCS price appreciation. Tokenomics of the initial five million GCS tokens are as follows: Locked - Liquidity Pool (20%), Founders (15%), Angel Investors (5%), and others (14%), a combined total of 54%. Unlocked - Pool Economic Zone 24.6%, IEO 20%, and Airdrops 1.4%, a combined total of 46% to make up the 100% of initial release.
GCS ecosystems
GCS tokens value is derived from the GCS ecosystems. The GCS ecosystems comprise of real assets and revenue generated largely from XAUs stable tokens (Yet to be launched) to operate within the GCS ecosystems that consist of 1) Minting of XAUs 2) Market Maker Leverage Trading 3) Bank Tokenization 4) GC Exchange 5) Biometric Wallet
These ecosystems provide a pathway to long-term GCS token price appreciation through GCS ecosystems returning free cash flow to the GCex liquidity pool. XAUs & Biometric Wallets are expected to be issued during the 3rd Qtr. 2022.
The GC tokens provide the opportunity to undertake Halal transactions (free from usury) around the digital economy base market for the Islamic Community that is currently an undeserved crypto asset market of 1.9 billion people worldwide.
Who Are the Founders of GCS Tokens?
The main founder of GCex Exchange and CTO is Mr. Naved Masud, Mr. Dimitri Rizzi, Ms. Farah Dinie Binti Shamshudeen Yunus, Mr. John Joseph Pellegrini.
Where can GCS token be purchased?
GCS tokens are available from the GC Exchange (gcex.lt).