Nowadays, cryptocurrency becomes more and more popular thanks to its numerous breakthroughs, controversies and celebrity endorsements. With this level of popularity, a lot of developers are coming up to produce more types of coins and tokens as a way to contribute to the crypto world and accommodate more users. Consequently, this pushes people to actively buy and invest in cryptocurrencies by using crypto exchanges.
Crypto exchanges are online platforms where people can buy, sell and trade all their digital currencies. The current most popular exchange is Binance, which holds 600+ cryptocurrencies for you to own! While this is true, there is one crypto exchange that is popular in Europe, and it is called the GokuMarket Exchange.
Everything you need to know about the GokuMarket
The GokuMarket is one of the leading exchange platforms in the crypto industry, and its services allowed it to receive recognition for best wallet and marketplace providers. The GokuMarket is a decentralised autonomous organisation (DAO), which means that it is a community-led entity with no central authority. On top of that, being a DAO promotes openness and transparency, allowing everyone to access the organisation.
Aside from that, the GokuMarket promises people that the system is fully autonomous and transparent. All of its foundation rules are present in smart contracts, which execute the agreed-upon decisions. Additionally, the exchange platform has a GokuMarket DAO Foundation, which consists of up to 21 members who are responsible for making critical decisions for the benefit and future of the DAO.
The highlighting features of the GokuMarket
GokuMarket thrives because of its best features, which are the following:
A hassle thing about crypto exchange platforms is their transaction fees, which can be higher than the digital currency you are paying for. As a solution to this, GokuMarket built the platform around the Binance Coin (BNB) smart chain, which is a blockchain that has cheaper costs than Ethereum or Bitcoin. With other leading decentralised exchanges, the trading fees of GokuMarket are lower, which are 0.15% for both takers and makers.
Centralised exchanges hold your funds when trading, which can be an inconvenience since you need to go through a series of processes. But in GokuMarket, you are allowed to have a non-custodial wallet where you can be your own bank. In other words, you are the sole possessor of your assets and you can directly trade from your wallet since you have control over your private keys.
How GokuMarket started
In August 2019, GokuMarket started as a marketplace for the blockchain economy. It provided a wallet service so you can get possession of its native token known as GokuMarket Credit (GMC). As time went by, GokuMarket was able to make changes, upgrades and improvements such as the following:
- Spot Trading
- GokuMarket Debit card for eCommerce
- IEO Launchpad for token listing
- Mobile applications for both Android and iOS launching.
After those achievements, GokuMarket became a European listed centralised exchange platform. From there, it also turned into decentralised commerce and a Metaverse platform. Moving forward, the focus of GokuMarket has now shifted to establishing itself as a decentralised exchange and a DAO.
Getting to know more about GokuMarket Credit (GMC)
The GokuMarket Credit is the native token to GokuMarket that has a ticker symbol of ‘GMC’. It is pre-mined and available on multiple blockchain platforms. There is a total of 5 million GMC in circulation and 50% of it will be allocated for a quarterly burn. In turn, a portion of the tokens will be removed from circulation.
Products of GokuMarket
An exchange platform is nothing without the features that its users will enjoy. When you use GokuMarket, expect to see a pool of features that will give you the best time on the platform. With that said, here is a list of the different products of GokuMarket:
The main attraction of GokuMarket is it’s a decentralised exchange platform where you buy, sell and trade digital currencies directly from your wallet.
To keep the exchange platform thriving, it needs to be liquid, which is why GokuMarket rewards users that contribute to liquidity. Whenever you lock in your Liquidity Provider tokens in a smart contract, GokuMarket will incentivise you with GMC in return. This incentive is meant to serve as mitigation in case the risk of impermanent loss occurs when you lock in your liquidity.
GokuMarket allows you to earn additional tokens when you stake your GMC in the GokuMarket Pool. There are different pools present in the platform, and it is up to you to choose which one you want to place your GMC in. The more you stake your GMC in different pools, the more tokens you can earn.
To spice things up, GokuMarket further increases engagement by offering a lottery that provides the users with the chance to win a huge sum of GMC! If you want to participate in this fun lottery, all you have to do is buy a lottery ticket worth 5 US Dollars.
- Non-fungible tokens (NFTs)
GokuMarket also provides a marketplace for you to buy and sell non-fungible tokens or NFTs. Here, you can make enticing offers that others might spark an interest in and showcase your NFT collection. Additionally, the NFT marketplace of GokuMarket allows you to explore different kinds of NFTs available on the platform.
- Metaverse Guild
GokuMarket is also a guild on its own in the realm of the Metaverse. The GokuMarket Metaverse Guild is a Web3 infrastructure that joins games, NFTs, guilds and communities. Aside from that, this guild acts as a gaming centre that welcomes players and guides them through their journey in the Metaverse. The guild also consists of zones, which are engines that drive businesses to increase the value of GokuMarket.
Bitcoin (BTC) $ 19,404.11 0.43%
Ethereum (ETH) $ 1,330.46 0.23%
Tether (USDT) $ 0.999541 0.15%
USD Coin (USDC) $ 0.998751 2.69%
BNB (BNB) $ 283.32 0.45%
XRP (XRP) $ 0.470401 1.66%
Binance USD (BUSD) $ 0.999755 0.09%
Cardano (ADA) $ 0.433067 1.02%
Solana (SOL) $ 32.95 3.67%
Dogecoin (DOGE) $ 0.061479 1.33%
Expand your knowledge and invest in the cryptocurrency industry.