GOMAx — Everything you need to know

… So you came back to read more? Thank you ;)

Prelude: The GOMA Ecosystem

The GOMA ecosystem was designed to enable value creation, and redistribution of value to all holders of its primary ecosystem token GOMA through burning, reflection and ongoing ecosystem utility. ✅

In all ecosystems there is a need for innovation or evolution to stay ahead, and to continue driving value as it expands into new markets or aspires to continue bringing its community new opportunities… introducing GOMAx

GOMAx Introduction

GOMAx, the second GOMA Ecosystem Token, was born out of the need to bring more flexibility, lower fees and more intrinsic stable-value back to primary ecosystem token (GOMA) holders; and expand the GOMA ecosystem into more DeFi, NFTfi and GAMEfi environments.

IMPORTANT NOTE: GOMA itself is certainly able to achieve most of the above, however as we are focused on enabling consistent and stable ecosystem value, the unchangeable fee structures (due to renounced contract) force holders to reluctantly engage with utilities that we build as the taxes reduce the value received… and, as we want to make GOMA GREAT AGAIN we are bringing [X] (unlimited) value back to GOMA holders with GOMAx, and for GOMA to become your store of value and value generation that we set out for it to become.

Why GOMAx and not GOMA?

GOMA, the primary token, was forced by community consensus to have its token contract’s ownership renounced, leaving it unable to be managed effectively to enable SCALE OF INNOVATION as well as SCALE OF VALUE.

There is an 8% transaction fee (for Burning, Redistribution, LP, etc), on every single transaction that cannot be turned off and we unable to whitelist any addresses to avoid that tax due to the renouncing of ownership. This means that every single time you engage with any DeFi utility such as staking, earning vaults, liquidity provision, deposit or withdraw into exchanges, or any other transfers of GOMA whatsoever, would incur this fee (in and out).

Example: GOMAsterchef v1.0; If you stake your GOMA for AGR, you pay 8% to deposit your GOMA, and then when you are done with your staking you pay another 8% to withdraw it. Essentially 16% GOMA value lost in the transaction.

For this reason we are enabling GOMA’s ability to become the ecosystem STORE OF VALUE, and GOMAx as the fluid / tax-less utility token used to engage with DeFi, NFTfi and GAMEfi instruments and pass the value back to GOMA itself.

GOMAx in a nutshell?

GOMAx is a new token within the GOMA ecosystem that is designed to open channels to further utility, and further value creation/growth for GOMA holders.

It will be traded as a normal token, and will be stored as a normal token, it will have its own token price, but it will drive a % of its trading value back to holders of GOMA where applicable.

GOMAx itself will not have a renounced contract, and will allow for ‘practical’ and reasonable maintenance, and will have zero utility fees built into it, which means that unless the utility/DeFi contract itself has a fee structure, no GOMAx will be lost in the process of growing value through these instruments.

Further to that, GOMAx will be used in all external environments to alleviate the decay of value in the primary ecosystem token, GOMA, for engagements with third-party environments including Non-fungile environments, gaming, mixed reality and the metaverse.

However, a portion of value created through ‘transactional’ activities in all envirnments will always be passed back to respective GOMA holders satisfying the ecosystem consolidation that we desire to achieve.

But how?

GOMAx value for GOMA holders

As mentioned in the previous article GOMAx’s inherent function is to drive value back into the GOMA ecosystem, and its primary token GOMA.

GOMAx is the next-generation of yield-generating contracts: you get rewarded in BNB (or a designated primary currency) instead of tokens. The token contract has a static reward system where 15% of every transaction is split and distributed accordingly:
- 10% BNB is redistributed to holders of GOMA
- 5% is used to fuel the liquidity pool for exchange growth (this is fundamentally important)

Once this pool hits a threshhold, based on the price and volume at the time, all of the crypto in the pool will be distributed proportionately to GOMA holders who hold an eligible ratio of both GOMA and GOMAx. We are trialing out threshholds, and have evaluated a 60–120 minute distribution period based on our projections of market velocity.

These transactions could be DEX trading, metaverse bartering, purchase of NFTs, reflections from additional DeFi pooling, etc.

So, just by holding your GOMA not only do you get GOMA redistribution from GOMA trading, but you will have reflection from GOMAx AND no loss of GOMA value by ‘taxes’ (unless you trade yourself ;)). #MAKEGOMAGREAT

REFERENCE: BNB redistribution explained
‍A transaction fee is applied to every single buy /sell order, as well as liquidity mining/pool rewards, tokens are then swapped in realtime for BNB and added to a POOL (similar to how liquidity pools work). The BNB redistributed is based on your token holdings % in GOMAx and GOMA, and the current BNB pool size. TL;DR: You hold, then go to GOMA.fi, and request your BNBs; magic….

Redistribution Behind the Scenes:

What does the contract do?
- The contract keeps track in an array of all token holders
- The contract keeps an index into the array for processing
- Every transaction processes a certain number of users, depending on the transaction size (bigger token transfers can process more, since the gas will still be proportionally less than the value of the tokens)
- The token is based on a Reflection-Paying Token Standard, which means all BNB the contract gains will be split equally proportionally to the GOMA:GOMAx token holders.
- When a user is processed, the contract checks how many withdrawable dividends they have, and if it is above the minimum threshold it will allocate the BNB to that user.

The number of holders processed through each transaction is dynamic and based on transaction size. Holders will receive reflection from the queue based on their position in the array. It’s a fair system, fully automated.

Minimum token balance for redistribution is +-50,000 GOMAx and +-10,000,000,000 GOMA — the specific volume ratio will adjust according to price, and updated on the live dashboard on a regular basis to accommodate. Your allocation of the pool will be in accordance with your holdings (GOMA:GOMAx volume) + the pool size at the time.

GOMAx tokenomics

💠 Token name: GOMAx

💠 Token Symbol: GOMAx

💠 Max Total Supply: 50,000,000,000 GOMAx

💠 Initial Circulating Supply: 0 GOMAx

💠 90% of GOMAx is COMMUNITY OWNED.

💠 10% will be be made available for marketing, exchange listings, liquidity

💠 GOMAx will not reflect to anyone who does not hold GOMA; enforcing primary token value. This includes any ‘OPERATIONS’ wallets (they will not receive BNB reflection unless the equivalent ratio in GOMA is purchased to accommodate)

GOMAx Presale Specifics

GOMAx will be initially sold on GOMA.fi through a presale.

🕐 This presale will run from the 20th of December 2021, until the 23rd of December 2021

ℹ ️Only holders of our primary ecosystem token, GOMA, may participate in the presale.

💲 The presale price will be $0.001 (listing price will be $0.0015)

Minimum per wallet: 0.1 BNB
Maximum per wallet: 3 BNB

MORE INFORMATION TO BE RELEASED AFTER CAMPAIGN LAUNCH, WATCH THIS SPACE.

How can I buy GOMAx?

The initial purchase of GOMAx will be done via presale on GOMA.fi.

Thereafter GOMAx will be added to Pancakeswap, and any other DEX where sufficient liquidity is provided.

NOTE: The structure of GOMAx will also provide us with a much easier access into larger exchanges with whitelisting and an unrenounced contract.

🔆 888 giveaway — NEW YEARS DAY LUCKY DRAW! 🔆

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.

We will be running a significant giveaway on the 1st of January 2022 for all holders of GOMA, and new GOMAx holders, to the value of $20,000 split between 22 holders.

How do you get your hands on some 888 tickets?

FOR EXISTING GOMA HOLDERS:

We will be airdropping to existing GOMA holders who have 2.2BN GOMA or more.

For every 50BN GOMA tokens that you hold will make you eligibile for to receive 1 Ticket (Example: 200BN GOMA will give you 4 Tickets)

— a snapshot will be taken from the 20th of December until the 27th of December, so get your GOMA ready!!!!!

FOR PRESALE BUYERS:

For every 0.22 BNB you spend you will get 1 888 Ticket to enter the $20,000 lucky draw!

MAXIMUM 20 tickets per person can enter the giveaway!

Lets make sure that……..

🗺 ROADMAP 🗺

🕑 December 7th: GOMAx AMA
🕑 December 10th: Campaign Launch
🕑 December 20th: Pre-Sale on GOMA.fi
🕑 December 23rd: Launch on Pancakeswap for new GOMAx buyers (and 888 snapshot starts)
🕑 December 27th: 888 Giveways Snapshot Closes
🕑 December 28th: Lucky Draw Open — 888 will start to Airdrop from 28th — 30th Dec
🕑 January 1st 2022: NEW YEAR DAY DRAW (at 1pm UTC)