Gode & GAS

Index

Gode & GAS

Gode & GAS

Gode's token model allows users to freely use the network without affecting their governance rights.
The Gode Token
Gode Token Issuance

The Gode Token

Gode Chain tokens serve three distinct purposes: network governance, staking, and binding.
Governance
Gode Chain token holders have full control over the protocol. Privileges unique to miners on all other platforms will be granted to Polycore participants (holders of GODE), including managing special events such as protocol upgrades and fixes.
mortgage
Game theory incentivizes token holders to behave in an honest manner. Good members can be rewarded through this mechanism, while bad members will lose their stake in the network. This ensures that the network remains secure.
bind
By binding tokens, new parachains are added. Obsolete or useless parachains can be removed by removing bound tokens. This is a form of proof of stake.

Gode Token Offering

Gode chain issues 10 billion GODE tokens for the operation of the ecological economic model:
• 30% is allocated by the fund team to technology, community, operations, etc.;
• 20% for private placement, early participation consensus;
• 50% is used for mining pools, miners, nodes' mortgage and rewards