WHAT IS GUM
GUM Token is our ERC-20 utility token, built on top of the Ethereum Blockchain with support for Polkadot Parachains coming in the near future.
GUM is a vital part of Gourmet Galaxy, with a mechanism that is designed to give it value intrinsically tied to the Gourmet Galaxy Platform.
GUM uses cases
+ Governance: Including Staking, System Votes.
+ Content creation: Create your own special planets for sale.
+ Play Mini games related to Trading/Prediction Market.
+ Buy/sell items.
+ Revenue Sharing.
|GUM Economic Model|
|Token Type||Utility, Governance|
|Total Token Supply||20,000,000|
|Hard cap ($)||$550,000|
|Initial Circulating Supply||13.125% of total Token Supply (2,625,000 GUM)|
|Initial Cap ($)||$262,500|
|Private Sale Token Allocation||25% of total Token Supply (5,000,000 GUM)|
|Private Sale Token Price||1 GUM = $0.10|
|Private Sale Vesting||Initial unlock 40%, vesting 20% every 3 months, starting from the 3rd month|
|Public Distribution Allocation||2.5% of total Token Supply (500,000 GUM)|
|Public Distribution Price||1 GUM = $0.10|
|Public Distribution Vesting||Initial unlock 100%|
|GUM distribution model|
|GUM distribution model||Token Allocation (%)||Vesting Term|
|Team||15%||This amount will be vested and unlocked after 1 year, for 0.75% of the Total Supply (150,000 GUMs) every month.|
|Community||0.25%||GUMs will be airdropped to the Community.|
|Advisors||5.00%||This amount will be vested and unlocked after 3 months, for 0.25% of Total Supply (50,000 GUMs) every month.|
|Staking Reward||49.75%||(9,950,000) GUMs will be rewarded for Liquidity Mining. This amount will follow Staking Reward Schedule.|
|PR & Marketing||2.5%||(500,000) of GUMs will be used for Marketing and PR, 25% of this amount will be unlocked at TGE, the rest will be vested and unlocked every 3 months.|
|Private Sale||25.0%||40% of this amount will be unlocked at TGE, the rest will be vested and unlocked every 3 months, for 5% of the Total Supply (1,000,000) each time|
|Public||2.5%||This amount will be initially unlocked 100%|
token distribution model