By: Geeq  on Dec 3, 2024

The Geeq Coin: Central to Public Chains

The native Geeq Coin powers our public chains and plays a vital role in maintaining the ecosystem:

• Validator Payments: Geeq Coin is the exclusive currency used to compensate all active validators on public chains for providing provably accurate data services.
• Ledger Rent and Bonds: Fees for ledger rental and Good Behavior Bonds are denominated in Geeq Coin to improve performance.
• Micropayments: Geeq’s micropayment technology operates exclusively with fractional Geeqs.

This structure delivers a predictable, transparent, and easily understood economic model for the platform’s growth. Geeq’s no-smart contracts, uniformly validated blockchain protocol simplifies interactions by allowing users to move seamlessly between apps and chains using a single currency for transaction fees.

Geeq’s native coin cannot be forked, preserving the integrity and reliability of the ecosystem.

Tokenomics Summary:

The entire supply of Geeq’s ERC-20 token is 100,000,000, minted at the Token Generation Event. Any release of unissued tokens requires Board of Directors approval and is primarily designated for institutional investors, customer acquisition, and marketing. All decisions regarding token allocations will be published and announced to the community in advance, ensuring full transparency.

The original tokenomics and distribution milestones remain unchanged.

• 7% to founders and 5% to advisors locked until mainnet and vested for 12 months.
• 1% hybrid seed round remains in Geeq custody until mainnet, despite being in circulation.

For verification of these terms and their continuity, please refer to our tokenomics documentation here.

Token Details

Ticker	GEEQ
Token type	ERC-20 Until MainNet (Swap)
ERC-20 Contract address	0x6b9f031d718dded0d681c20cb754f97b3bb81b78
Etherscan link	https://etherscan.io/token/0x6b9f031d718dded0d681c20cb754f97b3bb81b78
Total Token Supply	100,000,000 GEEQ
Circulating Supply	https://coinmarketcap.com/currencies/geeq/

How Geeq Scales Its Public Ecosystem

Geeq’s mission goes beyond verifying payments and financial services. Its protocol is data-agnostic and can power any chain that needs reliable, neutral, and irrefutable validation-as-a-service. Any app that tracks assets, data, or transactions can integrate Geeq’s verifiability and security to protect users from fraud.

Geeq supports both adding apps to the same chain or launching apps on dedicated chains. For example, a single chain can support a suite of apps, while streaming micropayments might need dedicated chains to write blocks frequently without overloading search queries. For apps requiring validated data, separating data sets keeps queries efficient. Because the app space is so broad, Geeq’s economy doesn’t rely on interactions between apps to grow.

Each chain runs the same protocol, offering users reliable validation where no other source of information can be trusted. As trusted sources fail, this will be essential for developers, users, and data service providers who rely on securely validated data. Geeq’s core value is secure infrastructure, scaling first through replication and second through data services. The more validation services Geeq provides, the greater the demand and velocity for its coin.

Transparency and Sustained Commitment to Our Community

We want to emphasize a critical distinction: the Geeq Coin is required only for public chain validation. Private or enterprise chains may use alternative payment methods, increasing Geeq’s appeal to businesses not yet involved in cryptocurrency.

Our commitment to the buyback policy remains unchanged and will apply to transaction volumes generated by enterprise chains between the time Geeq achieves revenue and mainnet. This ensures that our success directly benefits the community.

As we enter the next phase of releasing public-facing testnets and apps, we are eager to showcase the versatile applications of Geeq’s innovations. While this progress has taken time, our foundation is designed to deliver reliable, secure, and scalable solutions to protect users, their assets, and their data.

Thank you for your continued support. Your patience and belief have been instrumental as we develop Geeq into a transformative blockchain platform. We know we are creating the foundation for a truly decentralized, secure future for data and transactions.

It’s time to build together.
Stephanie So, CEO

Disclaimer:
The details of the rounds, liquidity and monetary policy, tokenomics and distribution may change depending upon conditions in the current regulatory, financial, and legal environment, agreements with liquidity providers, coding and other technical considerations. Tokenomics and distribution will not change following the conclusion of the pre-round allocation.

Forward Looking Statements:
Statements in this announcement, including statements relating to Geeq’s future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in technology development and commercialization. As a result, actual results may vary materially from those described in the forward-looking statements.