Goji Crypto

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Goji Crypto is Software as a Service (SaaS) cryptocurrency platform and ecosystem on Ethereum. The project aims to provide consumers and businesses an easy way to conduct fiat payments over the Ethereum (ETH) blockchain, making the necessary fiat-Cryptocurrency exchange and transfers automatically over the service's backend, removing the need for users to develop their own infrastructure or have any knowledge of blockchain transfers or Cryptocurrency. In addition to this service, Goji has its own four-token ecosystem that investors can buy, Yield farm, and will eventually be able to stake.

History

The Goji Crypto project officially launched on June 7th, 2021 with the contract deployment of the ecosystem's main token, Hanu Yokia (HANU). It was created by head developer Stephen Banner,.[1] the Corporate VP of Cloud computing|Cloud Computing at New York Life Insurance Company|New York Life, and a team of five other developers. The project began with the stealth launch of Hanu Yokia and community establishment, followed by Phase 1. Phase 1 consisted of launching the Goji Crypto official website, getting Hanu Yokia listed on CoinMarketCap and CoinGecko, and accruing 50 ETH in liquidity in the Uniswap|Uniswap V2 liquidity pool. The coin was listed on CoinMarketCap on October 21st, 2021[2], and listed on CoinGecko on July 19th, 2021[3]

Goji Crypto is currently in Phase 2A, which will include the hard launch of the project, the release of the first of two White paper|white papers, (officially released on July 26th, 2021)[4] a 100 billion $HANU giveaway, and the start of development for the GojiSwap Exchange. A CertiK smart contract audit request was also submitted, and is set to be published as part of Phase 2B in Q4 of 2021. This phase will include the launch of the GojiSwap Exchange, a service that will allow crypto investors to trade ERC20 tokens, and will allow holders of each of the four tokens to stake and earn rewards. Holders will also accrue governance and be allowed to vote on future changes and advancements to the project. Phase 2B concluded with the first Centralisation|centralized exchange listing of Hanu Yokia on XT.com[5].

Phase 3 will complete in 2022 with the release of the second whitepaper, the launch of the SaaS single-pane dashboard and payment system integration, an Non-fungible token|NFT platform integration to the GojiSwap Exchange, and a proxy exchange gateway to reduce gas fees when trading through GojiSwap.

Ecosystem

The Goji ecosystem consists of four tokens: Hanu Yokia (HANU), Mia Neko (MIA), Goji (GOJ), and Safaia Gabanasu (GABA). The values of MIA, GOJ, and GABA are tethered to the price of HANU and scaled, each coin being valued at 1000 times the price of the last, i.e. 1 $GABA = 1 thousand $GOJ = 1 million $MIA = 1 billion $HANU. All but GABA will be the primary transportation mechanism for transfers over the SaaS platform, and will each by accepted as forms of payment over business applications. GABA is the ecosystem's governance token, meaning that holders of this token will have the ability to vote on future updates to services and the ecosystem. It is also the most valuable token in the Goji system.

Hanu Yokia is currently the only fully launched token, though Mia Neko can be farmed by adding liquidity to HANU on Uniswap to receive UniV2LP tokens, then depositing the tokens on UniCrypt.[6] MIA, GOJ, and GABA will launch at the end of Phase 2A as part of the hard launch.

Tokenomics[4]

Hanu Yokia

  • 1 quadrillion total max supply
  • 750 trillion in Dark pool
  • 100 trillion in treasury; incentives for staking, farming and yielding, and for decentralized autonomous organization (DAO) services
  • 100 trillion in reserves; can only be unlocked by voting with GABA
  • 20 trillion for marketing, including Airdrop (cryptocurrency), giveaways, and volunteer work
  • 20 trillion for business operations
  • 10 trillion for development
  • Burn capabilities

The implemented locks on HANU tokens are as follows:

  • Two UniCrypt locks expire with a total value of 423,571,102,855,359 $HANU on January 1st, 2022
  • 2-year linear lock of 40,377,449,326,104 $HANU
  • 3-year linear lock of 172,028,071,757.62 $HANU
  • 5-year linear lock of 88,366,332,883.08 $HANU
  • 7-year linear lock of 7,197,496,986,387.53 $HANU
  • 10-year linear lock of 5,979,000,000,000 $HANU in the dev wallets
  • 15-year linear lock of 9,935,646,840,379 $HANU
  • 20-year linear lock of 9,957,111,222,140.46 $HANU

The liquidity locks on HANU are as follows:

  • 1-year liquidity provider (LP) lock on 26% of HANU/ETH
  • 2-year LP lock on 20% of HANU/ETH
  • 2-year LP lock on HANU/GOJ; 16.5% of the total max supply
  • 3-year LP lock on HANU/MIA; 16.5% of total max supply
  • 5-year LP lock on HANU/MIA; 8.5% of the total max supply
  • 6-year LP lock on HANU/GOJ; 8.5% of total max supply

Mia Neko

  • 1 trillion total max supply
  • 750 billion in liquidity pool with various exchanges
  • 100 billion treasury; incentives for staking, farming and yielding, and for DAO services
  • 100 billion in reserves; can only be unlocked by voting with GABA
  • 30 billion for business operations
  • 10 billion for marketing, including airdrops, giveaways, and volunteer work
  • 10 billion for development
  • Burn capabilities

The implemented locks on MIA tokens are as follows:

  • 1-year linear lock of 229,079,880.34 $MIA
  • 2-year linear lock of 140,000,000 $MIA
  • 10-year linear lock of 359,250,000,000 $MIA

The liquidity locks on MIA are as follows:

  • 3-year LP lock on MIA/HANU; 16.5% of total max supply
  • 4-year LP lock on MIA/GOJ; 25% of the total max supply
  • 5-year LP lock on MIA/HANU; 8.5% of total max supply

Goji

  • 1 billion total max supply
  • 750 million in liquidity pool with various exchanges
  • 100 million treasury; incentives for staking, farming and yielding, and for DAO services
  • 100 million in reserves; can only be unlocked by voting with GABA
  • 30 million for business operations
  • 10 million for marketing, including airdrops, giveaways, and volunteer work
  • 10 million for development

The implemented locks on GOJ tokens are as follows:

  • One UniCrypt lock expires with a total value of 20,720,681.92 $GOJ on September 14th, 2021\
  • 5-month time lock of 288,489,134.32 $GOJ
  • 1-year time lock of 288,489,134.32 $GOJ
  • 2-year time lock of 2,436,187.6 $GOJ

The liquidity locks on GOJ are as follows:

  • 2-year LP lock on GOJ/HANU; 16.5% of total max supply
  • 4-year LP lock on GOJ/MIA; 25% of total max supply
  • 6-year LP lock; 8.5% of total max supply

Safaia Gabanasu

  • 1 million total max supply
  • 600 thousand in treasury; incentives for staking, farming and yielding, and for DAO services
  • 300 thousand in liquidity pool with GojiSwap
  • 80 thousand in reserves; can only be unlocked by voting with GABA
  • 10 thousand for marketing, including airdrops, giveaways, and volunteer work
  • 10 thousand for development

GABA acts as the governance token on the Goji ecosystem. meaning holders of the token will be eligible to vote on decisions regarding the future of the project.

Services[4]

GojiSwap Exchange

The GojiSwap Exchange is the first major service being offered by Goji Crypto, releasing in Q4 of 2021. It will provide crypto investors an alternative trading platform for selling ERC20 tokens in exchange for others. Investors will be able to add liquidity to Goji pools, create pairs with tokens they want to see on the platform, and introduce a liquidity migration tool to bring Uniswap V2 pairs to the exchange. GojiSwap's smart contract will be customizable, with fees that will vary. At launch, the fees will match standard automated market maker (AMM) structures, but will later sway in favor of either the liquidity provider or the trader, depending on what governance holders select. A protocol tax placeholder will be present on the smart contract, and any values will also be set by GABA holders. This tax payout will be split 50/50 between the community and the developers for business operations.

Portions of the service fees from trading with GojiSwap will be distributed to Investor who stake their Goji ecosystem tokens on their yield farming platform as a form of passive income[7]. The rewards are as follows:

  • Stake <math>x</math> $HANU and receive <math>y</math> $GABA per block; the proportion of GABA rewards holders receive are proportional to their stake in the pool.
  • Stake <math>x</math> $MIA and receive <math>1000y</math> $GABA per block.
  • Stake <math>x</math> $GOJ and receive <math>1000000y</math> $GABA per block.
  • Stake two assets and get <math>y + 10%</math> per block.
  • Stake three assets and get <math>y + 20%</math>per block.
  • Stake $GABA and earn a proportion of of 25% of GojiSwap service fees as $ETH or USD Coin.

GABA rewards are accruable over a 30-day linear drip from the time of the reward harvest.

GojiLock, Farming, and Staking

GojiLock is a decentralized locking application for other Blockchain projects to utilize for locking ERC20 and LP tokens. The tokens are held in time-locked, non-custodial smart contract vault and create business value in the Goji Crypto ecosystem. A revenue stream and cost reduction of up to 2% per lock are provided as benefits for projects that choose to utilize this service.

Goji Farming is another decentralized application, Goji Farming will allow other blockchain projects to host their own yield farms , to provide liquidity for their own projects. This service will be used by the Goji ecosystem itself for business revenue and cost reduction.

Goji Staking will allow blockchains to stake their own coins and provide communal incentives for their projects. Like farming, the Goji ecosystem will use the staking service internally for cost reduction and business value.

Fees for these three services will be disabled at launch with a redemption code, aiming to allow community projects to launch comfortably. These redemption codes can be applied for by any project that wants to leverage these services. Projects will be Vetting by the community, based on project Roadmap and values, leveraging the GABA governance token for registration. This smart contract will also be leveraged to reduce backend costs of community locks.

Goji Payment Gateway

The Goji Payment Gateway (Goji Pay) helps investors by bringing all payments into a single integration to create a seamless payment experience. Businesses can create Widget, such that they can being to accept payments of all Goji tokens. Payments get deposited in the respective business wallet and transactions are recorded.

Like the locking, farming, and staking services, the smart contract will be customizable, and fees will be variable, generated with each transaction. Fees can be reduced by holding GABA in the deposit wallet. The fee structure is not yet finalized.

Goji Protocol Bridge

The Goji Protocol Bridge will allow investors to transfer tokens from one blockchain to another, such as from the Ethereum Network to the Polygon Network. Chains can have differing protocols and governance models, but the bridge can still be used to exchange tokens through an interoperated application.

As new blockchain protocols are released, the silo effect on each ecosystem will increase, slowly centralizing the ecosystem.

References

  1. Evans, Zach (2021-08-11). "How Goji Crypto Will Revolutionize Blockchain for Business". Yahoo Finance.{{cite web}}: CS1 maint: url-status (link)
  2. "Hanu Yokia". CoinMarketCap. {{cite web}}: |archive-date= requires |archive-url= (help)CS1 maint: url-status (link)
  3. "Hanu Yokia price, HANU chart, market cap, and info". CoinGecko. {{cite web}}: |archive-date= requires |archive-url= (help)CS1 maint: url-status (link)
  4. 4.0 4.1 4.2 CryptoBokiWop (2021-07-28). "Goji Crypto Community White Paper Has Arrived". Medium.{{cite web}}: CS1 maint: url-status (link)
  5. "XT Will List HANU". XT Support. 2021-09-17. {{cite web}}: |archive-date= requires |archive-url= (help)CS1 maint: url-status (link)
  6. CryptoBokiWop (2021-07-23). "How To Farm MIA on UniCrypt". Medium.{{cite web}}: CS1 maint: url-status (link)
  7. "Goji Crypto". Benzinga. {{cite web}}: |archive-date= requires |archive-url= (help)CS1 maint: url-status (link)

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