Gold Standard DAO Liquidity Launch

January 21 update – the team has still not announced a launch time, this time remains a placeholder.

Token launch for a deFi-as-a-service gold-backed protocol on Avalanche.

The launch time has not been anounnced, only that it is on January 21. This time is a placeholder.

No contracts available at time of review.

DETAILS

• Launch Details
  • Token will be listed on TraderJoe
  • Token pair: GSD/USDC
  • Listing price: $50
  • IDO price: $40
  • Presale price: $60
  • IDO/Presale tokens will be locked until the Total Value Locked (TVL) is equal to the full amount of USDC ($400,000) raised during the token sales
  • Initial liquidity: $40,000
    • 400 $GSD paired with 20,000 USDC
  • Initial circulating market cap: $808,500
  • Initial total market cap: $1,650,000
  • Taxes: 0%

• Mechanics & Features
  • Users deposit USDC and earn yield in digital gold (AUX)
  • Each AUX digital token will be backed by 1 milligram of reserved Gold Bullion
  • Deposited USDC will be used to generate yield by investing in yield aggregator protocols such as; Pangolin, Sushi & Beefy.finance
  • Yield can be harvested every 12 hours, and can be claimed at any time when there is a positive balance
  • There is no vesting period or limit on the amount of USDC that can be deposited
  • AUX can be exchanged for $GSD
  • $GSD is the governance token
  • Stake GSD tokens to earn a share of 5% of the protocol’s yield in AUX
  • Users can stake and unstake GSD at any; no vesting period
  • Other road-mapped utilities include; Gold backed NFTs (Q2/2023), self re-paying loans (Q3/2023)

• Tokenomics
  • Token symbol: GSD
  • Total supply: 33,000
    • 19% — IDO/Presale (locked)
    • 51% — Locked (for management to scale the DAO)
    • 29% — Treasury
    • 5% — Team (6 months linear vesting)