GOMA(x) — TAKEGOMATOTHEWORLD

9 min readDec 4, 2021

History

Before understanding why innovation or evolution happens, we must understand the backstory that leads or guides a project or team to make significant adjustments/improvements or pre-empt future considerations with new instruments.

Some may question the legitimacy, the need or the value of presenting specific considerations, however when focused so heavily on community it is often the team that must think ahead and decide unanimously about how their products/options find market fit and the rationale behind them even when faced with community scrutiny.

GOMA Finance

**THAT IS HOW LONG WE HAVE BEEN WORKING FOR YOU**

WHO IS GOMA Finance?

9 months ago GOMA Finance was started by a group of industry individuals out of a small private Incubator, called BlockchainXYZ, under the name GOMA Shiba Inu, with a cute and playful brand offering community members an identifiable project that made them feel at home; and even more so brought a feeling and sense of TRUST.

In a market filled with Fear, Uncertainty and Doubt, the focus on Trust, and community, had been (and always will) the number one goal.

GOMA was built in hope of bringing easy, low-risk and rewarding DeFi (Decentralized Finance) tools and opportunities to communities of new cryptocurrency holders, existing investors and speculators alike. While this appears to be the status quo these days, the focus on community is what set GOMA apart from the rest.

In the initial days GOMA spent many months growing not only our technology offering but even more importantly ensuring that the TRUST of our users/members/community were respected, appropriately looked after and formed a significant role in the way we made decisions for the short and long-term.

THAT HAS NOT CHANGED — and our GOMARIANS ARE BEHIND US.

WHAT HAS CHANGED?

Due to the nature of the industry, and the consistent release of HYPE COINS into the market that drive a sense of ‘FOMO’ (fear of missing out), and appearingly provide significant returns in the short term (although 99% are rug-pulls, as we know), GOMA Shiba Inu decided that the best thing to do would be to rebrand, recollect ourselves, and reinvent our image with the community to move forward with strength — and leave behind the hype and memecoin identity, for a GOMARIAN reality.

GOMA Shiba Inu became GOMA Finance.

The change in image could not come at a better time, as markets are shifting and technology is evolving into a new phase and stage in the evolution of Blockchain with new DeFi instruments, NFTs, NFTfi, GAMEfi and more. And with our GOMARIAN community our focus is to enter these market segments with significant strength.

Note: The only thing changed that was changed was the logo and branding - the contract address and everything remains the same, as do our goals and passion.

GOMA Finance, GOMARIAN Finance, GOMA.

#G IS GOOD, #G IS GOMA.

IN THE MEANTIME, WHAT HAS GOMA FINANCE DONE?
Since launch in March, we successfully brought communities together, and all worked together to maximize our visibility and entice newcomers to become GOMARIANS. As we are GOMARIANS, nothing has changed.
We created partnerships with DeFi, NFT and Play-2-earn Companies, with many more partnerships on the way (contingent on some ‘adjustments’).
GOMA has launched multiple staking mechanisms, seeing millions of dollars in TVL (Total Value Locked) being staked to earn partner tokens. And continued to innovate and provide improvements to these mechanisms throughout the last 6 months.
We have seen the ups and downs of our market, going from $0.00000000029 up to an ATH of 0.000000x, and of course correction back down again. Some would say this is absolutely normal, and some have turned their backs on us as they bought at the top. We apologize to you, as much as we wish we could control those prices we cannot.
We have begun our development of our NFT infrastructure with our NFT partner STEM, as promised.
AND, with that begun working on how best to maximize your value over time within the GOMA ecosystem given the ‘restrictions’ that we have in the GOMA token itself… [continue reading]

What is this article all about and why should I care?

To be honest with you, community, in starting GOMA we did not envision so much progress in the first few months as we focused on utility, but took action in those periods that appear to have hindered some of our primary objectives (whether community requested, or not).

One significant example of that was the renouncing of the GOMA contract, which took all ‘practical’ capabilities away and considerably reduced our ability to move quickly into new areas of focus due to the persistent tax and lack of ability to whitelist specific addresses so that YOU would gain through taxless situations.

Some of the short comings of this are, Listing on big exchanges is extremely unlikely given the inability to whitelist, we are unable to provide taxless trading, staking and yield farming within our own ecosystem is taxed perpetually thus reducing your holdings.
Our goal is to help you grow, not to be taxed at every step.

So, WHAT NOW?

Introducing, GOMAx

Everyone has been asking What is GOMAx, Why do we want GOMAx, How will GOMAx benefit us as a community, as Ecosystem and in the end add value to GOMA and GOMA holders instead of detract value.

Lets start by explaining what GOMAx is, and why it should matter.

GOMAx is, and always has been [reference litepaper v0-v1], our secondary GOMA Ecosystem Token.

As everyone knows, GOMA is built to become a thriving ecosystem that provides opportunities for GOMARIANS to learn and earn; but also to be grown outside of just our own ecosystem into others .

The primary ecosystem token, GOMA, has stood the test of time but in the end must be backed by the ecosystem itself — and for that reason we are building GOMAx, the second ecosystem token designed to enforce value for all GOMA holders, bring new holders into our ecosystem, and mitigate the identified short comings of GOMA when it stands alone.

What is GOMAx?

GOMAx was initial designed simply as an ecosystem stabilizer, to balance the value probability and potential for GOMA itself; however after months of brainstorming we realized that GOMAx has a much further reaching potential within our ecosystem and beyond (without detracting from GOMA’s value)

GOMAx is designed to become the secondary ecosystem token for the GOMA ecosystem, similarly how xSushi is the secondary ecosystem token for the Sushi ecosystem

SECONDARY, DOES NOT MEAN COMPLETELY “STANDALONE” IT MEANS COMPLIMENTARY

Not only does it allow us to maintain more flexibility in terms of offerings, opportunities, DeFi instruments and ‘yield’ potential, but it also 100% reduced the “TAX” implications and lack of flexibility inherited by GOMA’s renounced contract.

WHAT ARE THE BENEFITS OF GOMAx

Tax-less interaction with the GOMA Ecosystem
Tax-less staking mechanisms to empower both GOMAx and GOMA holders
Tax-less GOMA vaults, and GOMA/GOMAx ecosystem rewards
Large institutional and exchange considerations, with management of the smart contract (not renouncing of ownership)
GOMAx as an Ecosystem Stabilizer to encourage price velocity, holderships and new investors into the GOMA Ecosystem
to name a few….

As the Ecosystem Value Stabilizer And ‘Ratio’-based Reflection Token, it further enables value stabilization for GOMA and drives demand for the primary token, GOMA, by incentivizing the network to hold the primary token and powers secondary market demand for GOMA.

? How does this help ?

EXISTING GOMA HOLDERS GAIN
NEW GOMA HOLDERS/INVESTORS JOIN
GOMAx DRIVES GOMA.FI / GOMA TO THE MASSES

How does the reflection work?

GOMAx redistributes, or reflects, BNB (Binance Coin) back to its holders based on their current token holdings ratio of GOMA:to:GOMAx, and the current reflection pool size [refer to BNB Reflection or Redistribution below].

GOMAx acts as a level of certification of eligibility, deeming you eligible to receive a percentage of BNB from the reflection pool. However, in the GOMA Ecosystem, you are required to hold GOMA tokens as an access key to unlock those earnings; and you can increase them based on your GOMA holdings as you increase or hold more.

The more GOMAx you hold the higher your percentage yield will be, as long as you have comparable GOMA in the same wallet.

Consider the following example (hypothetical)

If you hold 1,000 GOMAx, you are eligible for 10% reflection in BNB, but will receive zero reflection if you hold zero GOMA.

If you hold 1,000,000,000 GOMA and 1,000 GOMAx, you will receive the 10% of the available BNB reflection pool back into your wallet on every transaction.

Essentially, you must hold GOMA to receive the reflection in BNB. The more GOMA you hold the more you will get back from the amount of GOMAx that you have. In the end, holding and continuing to buy GOMA will provide passive income through GOMAx.

BNB reflection or redistribution

Popularized by HODL and GhostFace, a transaction fee is applied to every single buy /sell order, tokens are then swapped in real time for BNB and added to a POOL (similar to how liquidity pools work).

Holders can then go to a website and manually claim the BNB earned at specific time (daily / weekly / etc..). The BNB they can collect are based on their token holdings % and the current pool size. TL;DR: You hold, then go to the website and request your BNBs

Why is GOMAx important to the GOMA Ecosystem?

GOMAx is designed in such a way that it enables the community to buy and hold GOMA, the primary token. To receive the reflection in BNB, you must hold not just GOMAx, but a comparable amount of GOMA tokens as well.

Enabling and empowering the holders will bring more value to the entire ecosystem and help the price of both GOMA and GOMAx.

Concretely, buying & holding GOMA will provide passive income through GOMAx.

How do I get my hands on GOMAx?

Within the next couple of weeks you will be able to get GOMAx only through our staking platform GOMA.fi. The options will expand to Pancakeswap within days after liquidity provisions reach a respectable amount.

When is GOMAx going to be released?

Our advertising, marketing, banners and assets will be released within the next few days, and our Campaign launch is on the 10th of December 2021.

Thereafter we will be running multiple giveaways and campaigns to gear everyone up for the primary launch within 2 weeks from the 10th.

Something for GOMAx/GOMA holders to look forward to…

Our biggest giveaway will be run through our ecosystem ‘disposable ticket’ token (first of its kind) called 888 — which you will use as your ticket to enter our giveaways!