Tokenomics

By: Geeq

The Geeq Utility Token

$GEEQ is a utility token used to pay nodes for the validation and virtual machine services they provide to Geeq’s multi-chain ecosystem. $GEEQ is also used as a staking token for the good behavior bonds that help ensure honest behavior by the validation network. As a purely transactional cryptocurrency, $GEEQ is also suitable for use in micropayment and other payment applications.

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 8,997,222
( as of 1.2.2020)

Token Allocation and Token Release Schedule after Token Generation Event

Token Release Schedule

0.4% Unlocked-Round
Unlocked to Pre-Round participants at $0.25 that vest in full immediately upon TGE.

1% Hybrid Seed Round
$0.25 are all locked for 6 months after TGE. The Hybrid Seed Round is a mix of equity and tokens.

2.22% Pre-Round
$0.18, that vest over three months, intervals beginning on TGE.

2% Floating Liquidity
Will be released over 6 months in 6 rounds for liquidity and market creation.

3% Customer Acquisition
Will be released over 6 months in 6 rounds, including pre-market and post-market marketing, community airdrops, partnerships, and business development.

5% Advisors
Locked until a successful mainnet is launched, estimated: 1 year after the TGE.
Then vested for 12 months. These tokens are intended to incentivize contributions to the project and reward success. The twelve-month vesting after mainnet launch is meant to further incentivize platform growth and development.

7% Founders
Locked until a successful mainnet is launched, estimated: 1 year after the TGE. Then vested for 12 months. These tokens are intended to incentivize contributions to the project and reward success. The twelve-month vesting after mainnet launch is meant to further incentivize platform growth and development.

9% Marketing
Locked for 6 months, then vested for 24 months. These are intended to be used before and after mainnet launch to build platform traction through partnerships, customer development, application creation, DApp building, and ongoing community building and outreach.

11% Team
Locked for 1 year, then vested for 12 months. These tokens are intended to incentivize contributions to the project and reward success. The twelve-month vesting after mainnet launch is meant to further incentivize platform growth and development.

59% Unissued supply
May be minted and distributed at the discretion of the corporate entity following board approval. Distribution is primarily for institutional buyers, liquidity providers, and business development as long as the market supports it. If any releases, none will be minted within 6 months after the Unlocked-round. All releases will be well communicated before any releases of this allocation.

Pre-Round at $0.18, that vest over three months, intervals beginning on TGE.

Unlocked-Round to Pre-Round participants at $0.25 that vest in full immediately upon TGE.

Hybrid Seed Round at $0.25 are all locked for 6 months after TGE. The Hybrid Seed Round is a mix of equity and tokens.

Floating Liquidity will be released over 6 months in 6 rounds for liquidity and market creation.

Customer Acquisition will be released over 6 months in 6 rounds, includes pre-market and post-market marketing, community airdrops, partnerships and business development.

Founder, Advisor, and Team are all locked until a successful mainnet is launched, estimated: 1 year after the Unlocked-round. These tokens are intended to incentivize contributions to the project and reward success. The twelve month vesting after mainnet launch is meant to further incentivize platform growth and development.

Marketing are intended to be used before and after mainnet launch to build platform traction through partnerships, customer development, application creation, DApp building, and ongoing community building and outreach.

Unissued supply may be minted and distributed at the discretion of the corporate entity following board approval. Distribution is primarily for institutional buyers, liquidity providers and business development as long as the market supports it. If any releases, none will be minted before 6 months after the Unlocked-round. All releases will be well communicated before any releases of this allocation.

Planned release of tokens over 2 years from launch

Use of Funds

Funds raised through the Pre-round and Unlocked-round will be used to develop and to support the liquidity of the GEEQ token.

This includes:

  1. Liquidity and market expansion. Geeq anticipates switching to its unique stabilized-token monetary policy approximately twelve months after the mainnet is launched. To prepare our future ecosystem, Geeq will devote significant resources for liquidity and market expansion as required.
  2. General marketing and development expenses such as website development, advertising materials, outreach, community, partnership and customer development.

Monetary Policy

Geeq introduces an original algorithmic monetary policy (AMP) that provides users certainty about Geeq’s token supply and ties it directly to platform usage. By expanding or contracting the tokenbase in response to market conditions, this policy creates a “stabilized-token” that can increase in value in an orderly way, but is supported to protect it from rapid decreases driven by thin speculative trading. This policy is described in detail in the companion Monetary Policy document. The AMP is planned to be activated 12 months after mainnet launch or as soon as the ecosystem supports it. No tokens will be issued or removed from supply by the AMP before this event. Instead, Geeq will use market activity tokens already issued to bring liquidity for the ecosystem.

Geeq’s monetary policy is pre-funded, transparent, and is designed to smooth volatility and reduce uncertainty. The policy does not, in and of itself, determine the Geeq token’s market price. Instead, the AMP stands ready with a set of known bids and asks that all platform users can take into account when planning and conducting their business.

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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. New information will be published here. Tokenomics and distribution will not change following the conclusion of the pre-round allocation.

If you are an Accredited Investor who is interested in subscribing to the pre-round allocation, please contact Geeq Corporation’s Head of Crypto, Hans Sundby, by clicking below. Contact Hans Sundby

Disclaimer

This document does not constitute a solicitation or offer to buy or sell any security or any token in Geeq Corporation and cannot be relied upon for making an investment decision. This document has been prepared and circulated for informational purposes only and is not intended to provide investment, legal, accounting or tax advice or recommendations to any recipient and should not be considered a recommendation to purchase or sell any particular security or token. You should consult your tax or legal advisor about the information contained in this document. This document does not constitute an offering memorandum of Geeq Corporation under applicable Canadian securities laws and does not attempt to describe all material facts or material information regarding Geeq Corporation, its business and operations or its tokens. Any private offering of tokens will only be made to qualified accredited investor. Geeq Corporation has not filed a prospectus or offering memorandum with any securities commission or similar authority in Canada or elsewhere in respect of the tokens and, accordingly, the tokens will not be qualified for sale in Canada or elsewhere and may not be offered or sold directly or indirectly in Canada or elsewhere, except pursuant to an exemption from the prospectus and registration requirements of applicable securities laws. No securities commission or similar authority in Canada or elsewhere has reviewed or in any way passed upon the merits of an investment in Geeq Corporation or its tokens, and any representation to the contrary is an offense. All of the information contained in this document is for preliminary discussion purposes only. Final terms and conditions may change without notice and are subject to further discussion and negotiation.