By: Geeq

Geeq Utility

$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.

Basic Information

As of February 2020, Geeq has raised approximately $250,000.00. Geeq’s goal is to raise approximately $500,000.00 through Pre-round and Unlocked-round as follows:

1. A Pre-round at $0.18. that vest over three months, intervals beginning on TGE.
2. An Unlocked-round to Pre-round participants at $0.25 that vest in full immediately upon TGE.

Terms

Both rounds have an end-date at 31 July. TGE will follow shortly after.

Any unallocated tokens will be locked for 6 months and put into the liquidity category.

Only Pre-round participants are able to participate in the Unlocked-round.

There is no possibility for Pre-round participants to reallocate from Pre-round to Unlocked-round.

Settlement of Fees

Users are responsible for any transaction fees associated with token acquisition. ETH, BTC, USDT will be valued at the calculated USD price.

Key Features

Geeq Tokens and Economics

Token Allocation

Token Release Schedule

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.

Circulating Supply

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.