Metric Methodology
Token Supplies:
One of the most important facts when dealing with cryptocurrencies is a clear understanding of token distribution.
The commonly adopted methodology uses the following (3) basic token arrangements:
Geton Ecosystem uses the following networks (blockchains):
GroshCoin was intended to serve s a virtual token inside Geton Ecosystem with a stable value of 1.00 EUR. During Geton's Startup development phase, GroshCoin was only used internally on the Geton platforms as a transfer medium to keep services active. GroshCoin was not listed on any exchange.
GroshCoin was created through Grosh Mining, where traders (users) have created (proof of stake mining) 210,000,000 GroshCoin in a year. Through the Grosh Mining algorithm (from March 2020 to March 2021), 91,200,428 GroshCoin has accumulated in Geton's Liquidity pool and is ready to support Ecosystem operations, and 118,799,572 GroshCoin are in Geton Ecosystem user's wallets.
Following the Geton Ecosystem development toward the decentralized Cryptocurrency Ecosystem opens new possibilities:
1. The MetaStaking Community has decided that GroshCoin could become exchange pair for Ecosystem's tokens - per fixed exchange rate and able to trade on the global markets - which should be transferrable through the bridge on the Geton Investments platform.
2. Other possibilities to use GroshCoin in InstantBeta projects.
Definitions and explanations of individual official wallets or supplies:
1. GetonLedger network:
GetonLedger (GL) Total: Total GroshCoin supply that Geton Users have imported (bridged) from merged platforms and is now under their control (MetaMask) => GroshCoin maximum supply, is 210,000,000 GroshCoin (GROSH).
GroshCoin Staking (GL): The official GroshCoin Staking wallet for collecting GroshCoin on the GetonLedger network.
PiplShare (GL) BC: The wallet on the GetonLedger network from which users buy (exchange) PiplCoin (from the Liquidity pool) with GroshCoin per actual exchange rate. The valid currency for payment is the USDT or any other FIAT currency presented on the Website and selected by the user. Purchased PiplCons are transferred to the Token Voucher buyer's wallet on PiplShare.com.
GetonGlobal (GL) BC: The wallet on the GetonLedger network from which users buy (exchange) GetonCoin (from the Liquidity pool) with GroshCoin per actual exchange rate. The valid currency for payment is the USDT or any other FIAT currency presented on the Website and selected by the user. Purchased GetonCoins are transferred to the Token Voucher buyer's wallet on the Geton.Global.
GetonHealth (GL) BC: The wallet on the GetonLedger network from which users buy (exchange) GetonCoin (from the Liquidity pool) with GroshCoin per actual exchange rate. The valid currency for payment is the USDT or any other FIAT currency presented on the Website and selected by the user. Purchased GetonCoins are transferred to the Token Voucher buyer's wallet on the Geton.Health.
GetonCommunity (GL) BC: The wallet on the GetonLedger network from which users buy (exchange) GetonCoin (from the Liquidity pool) with GroshCoin per actual exchange rate. The valid currency for payment is the USDT or any other FIAT currency presented on the Website and selected by the user. Purchased GetonCoins are transferred to the Token Voucher buyer's wallet on the Geton.Community.
2. Ethereum Mainnet network:
Ethereum Mainnet (ETH) Total: The supply of GroshCoin is stored in 2 cold wallets and will never circulate on the Ethereum network.
Network Bridge (holding wallet): The supply of GroshCoin that users of merged platforms have mined and could be bridged to GetonLedger.
Liquidity Pool (ETH: The supply of GroshCoin accumulated from Grosh Mining.
3. Binance SmartChain network:
SmartChain (SC) Total: Total Supply of Grosh Coin on the Binance SmartChain network.
Network Bridge (holding wallet): Ecosystem wallet, from where stored (holder) asset amounts bridged from Binance SmartChain to GetonLedger are transferred to keep the same circulating balance constantly.
GroshCoin Staking (SC): The official GroshCoin Staking wallet for collecting GroshCoin on the Binance SmartChain network.
PiplShare (SC) BC: The wallet on the Binance SmartChain network from which users buy (exchange) PiplCoin (from the Liquidity pool) with GroshCoin per actual exchange rate. The valid currency for payment is the USDT or any other FIAT currency presented on the Website and selected by the user. Purchased PiplCons are transferred to the Token Voucher buyer's wallet on PiplShare.com.
GetonGlobal (SC) BC: The wallet on the Binance SmartChain network from which users buy (exchange) GetonCoin (from the Liquidity pool) with GroshCoin per actual exchange rate. The valid currency for payment is the USDT or any other FIAT currency presented on the Website and selected by the user. Purchased GetonCoins are transferred to the Token Voucher buyer's wallet on the Geton.Global.
GetonHealth (SC) BC: The wallet on the Binance SmartChain network from which users buy (exchange) GetonCoin (from the Liquidity pool) with GroshCoin per actual exchange rate. The valid currency for payment is the USDT or any other FIAT currency presented on the Website and selected by the user. Purchased GetonCoins are transferred to the Token Voucher buyer's wallet on the Geton.Health.
GetonCommunity (SC) BC: The wallet on the Binance SmartChain network from which users buy (exchange) GetonCoin (from the Liquidity pool) with GroshCoin per actual exchange rate. The valid currency for payment is the USDT or any other FIAT currency presented on the Website and selected by the user. Purchased GetonCoins are transferred to the Token Voucher buyer's wallet on the Geton.Community.
SmartChain (SC) Circulating: The amount of GroshCoin circulating in the market and the general public's hands.
One of the most important facts when dealing with cryptocurrencies is a clear understanding of token distribution.
The commonly adopted methodology uses the following (3) basic token arrangements:
- Maximum Supply: The best approximation of the maximum amount of assets that will exist in the cryptocurrency's lifetime.
- Total Supply: The total amount of coins in existence right now, minus any coins that have been verifiably burned = Maximum supply minus any burned assets (coins).
- Circulating Supply: The best approximation of the number of assets circulating in the market and the general public's hands. The Circulating Supply is a much better metric than the Total Supply for determining the market capitalization.
Geton Ecosystem uses the following networks (blockchains):
- Ethereum Mainnet (ERC-20 token standard)
- Binance SmartChain (BEP-20 token standard)
- GetonLedger (ERC-20 token standard)
GroshCoin was intended to serve s a virtual token inside Geton Ecosystem with a stable value of 1.00 EUR. During Geton's Startup development phase, GroshCoin was only used internally on the Geton platforms as a transfer medium to keep services active. GroshCoin was not listed on any exchange.
GroshCoin was created through Grosh Mining, where traders (users) have created (proof of stake mining) 210,000,000 GroshCoin in a year. Through the Grosh Mining algorithm (from March 2020 to March 2021), 91,200,428 GroshCoin has accumulated in Geton's Liquidity pool and is ready to support Ecosystem operations, and 118,799,572 GroshCoin are in Geton Ecosystem user's wallets.
Following the Geton Ecosystem development toward the decentralized Cryptocurrency Ecosystem opens new possibilities:
1. The MetaStaking Community has decided that GroshCoin could become exchange pair for Ecosystem's tokens - per fixed exchange rate and able to trade on the global markets - which should be transferrable through the bridge on the Geton Investments platform.
2. Other possibilities to use GroshCoin in InstantBeta projects.
Definitions and explanations of individual official wallets or supplies:
1. GetonLedger network:
GetonLedger (GL) Total: Total GroshCoin supply that Geton Users have imported (bridged) from merged platforms and is now under their control (MetaMask) => GroshCoin maximum supply, is 210,000,000 GroshCoin (GROSH).
GroshCoin Staking (GL): The official GroshCoin Staking wallet for collecting GroshCoin on the GetonLedger network.
PiplShare (GL) BC: The wallet on the GetonLedger network from which users buy (exchange) PiplCoin (from the Liquidity pool) with GroshCoin per actual exchange rate. The valid currency for payment is the USDT or any other FIAT currency presented on the Website and selected by the user. Purchased PiplCons are transferred to the Token Voucher buyer's wallet on PiplShare.com.
GetonGlobal (GL) BC: The wallet on the GetonLedger network from which users buy (exchange) GetonCoin (from the Liquidity pool) with GroshCoin per actual exchange rate. The valid currency for payment is the USDT or any other FIAT currency presented on the Website and selected by the user. Purchased GetonCoins are transferred to the Token Voucher buyer's wallet on the Geton.Global.
GetonHealth (GL) BC: The wallet on the GetonLedger network from which users buy (exchange) GetonCoin (from the Liquidity pool) with GroshCoin per actual exchange rate. The valid currency for payment is the USDT or any other FIAT currency presented on the Website and selected by the user. Purchased GetonCoins are transferred to the Token Voucher buyer's wallet on the Geton.Health.
GetonCommunity (GL) BC: The wallet on the GetonLedger network from which users buy (exchange) GetonCoin (from the Liquidity pool) with GroshCoin per actual exchange rate. The valid currency for payment is the USDT or any other FIAT currency presented on the Website and selected by the user. Purchased GetonCoins are transferred to the Token Voucher buyer's wallet on the Geton.Community.
2. Ethereum Mainnet network:
Ethereum Mainnet (ETH) Total: The supply of GroshCoin is stored in 2 cold wallets and will never circulate on the Ethereum network.
Network Bridge (holding wallet): The supply of GroshCoin that users of merged platforms have mined and could be bridged to GetonLedger.
Liquidity Pool (ETH: The supply of GroshCoin accumulated from Grosh Mining.
3. Binance SmartChain network:
SmartChain (SC) Total: Total Supply of Grosh Coin on the Binance SmartChain network.
Network Bridge (holding wallet): Ecosystem wallet, from where stored (holder) asset amounts bridged from Binance SmartChain to GetonLedger are transferred to keep the same circulating balance constantly.
GroshCoin Staking (SC): The official GroshCoin Staking wallet for collecting GroshCoin on the Binance SmartChain network.
PiplShare (SC) BC: The wallet on the Binance SmartChain network from which users buy (exchange) PiplCoin (from the Liquidity pool) with GroshCoin per actual exchange rate. The valid currency for payment is the USDT or any other FIAT currency presented on the Website and selected by the user. Purchased PiplCons are transferred to the Token Voucher buyer's wallet on PiplShare.com.
GetonGlobal (SC) BC: The wallet on the Binance SmartChain network from which users buy (exchange) GetonCoin (from the Liquidity pool) with GroshCoin per actual exchange rate. The valid currency for payment is the USDT or any other FIAT currency presented on the Website and selected by the user. Purchased GetonCoins are transferred to the Token Voucher buyer's wallet on the Geton.Global.
GetonHealth (SC) BC: The wallet on the Binance SmartChain network from which users buy (exchange) GetonCoin (from the Liquidity pool) with GroshCoin per actual exchange rate. The valid currency for payment is the USDT or any other FIAT currency presented on the Website and selected by the user. Purchased GetonCoins are transferred to the Token Voucher buyer's wallet on the Geton.Health.
GetonCommunity (SC) BC: The wallet on the Binance SmartChain network from which users buy (exchange) GetonCoin (from the Liquidity pool) with GroshCoin per actual exchange rate. The valid currency for payment is the USDT or any other FIAT currency presented on the Website and selected by the user. Purchased GetonCoins are transferred to the Token Voucher buyer's wallet on the Geton.Community.
SmartChain (SC) Circulating: The amount of GroshCoin circulating in the market and the general public's hands.
