Gourmet Galaxy

Gourmet Galaxy

GUM
$0.01056608%2.43

Key Metrics

Price$0.01056608
Real Volume (24H)$13,627.5
Marketcap$34,996.39
Fully Diluted Valuation$307,600
ATH$3.82
ATH Date3/31/2021, 5:28:19 PM
ATL$0.01489511
ATL Date12/23/2022, 6:25:14 PM
Circulating Supply3.3M
Total Supply20M
WebsiteN/A
WhitepaperN/A
Popularity Rank4051
Chart
What is Gourmet Galaxy?

Gourmet Galaxy (GUM) is an innovative yield farming platform that combines decentralized finance (DeFi) and non-fungible tokens (NFTs) in a gaming experience. GUM's hybrid model is designed to tackle the problems that often overshadow traditional yield farming platforms. Yield farming, a protocol that enables users to earn rewards in the form of transaction fees or tokens, has faced a number of challenges, including unfriendly user experience, hyper-inflation, impermanent loss, and a lack of intrinsic value for incentive tokens.

Gourmet Galaxy aims to address these challenges through four main products: GUM Swap, GUM Farming, GALAXY Markets, and NFTs Universe. These products work together to provide users with a user-friendly, easy-to-use, and high-value yield farming platform. The Gourmet Galaxy team has designed the platform to solve the challenges of yield farming as follows:

  1. Encouraging new users: Gourmet Galaxy seeks to encourage new users by creating a blockchain-based game that is simple to play with addictive gameplay.
  2. Creating intrinsic value: Gourmet Galaxy combines yield farming incentive tokens and NFTs to provide the token with intrinsic value, which helps keep the token's value relatively stable during poor market conditions.
  3. Tokenomics plan: Gourmet Galaxy aims to create a well-designed tokenomics plan that can stop the "unstoppable" inflationary nature of incentive tokens.

GUM is the native ERC20 utility token of the platform, built on top of the Ethereum blockchain with the support of Polkadot. GUM is the primary incentive reward token used on the platform and is used to gain access to the platform, play games, and make ecosystem governance decisions, such as deciding fees and future game features. The Gourmet Galaxy network also aims to expand the ecosystem to be compatible with blockchains other than Ethereum.

The founder of Gourmet Galaxy is Thomas Johnson, who serves as the CEO of the platform. The Gourmet Galaxy team also includes Kayra St Ford as the chief technical officer, Kunchok Tsomo as the chief marketing officer, Blue OP as the blockchain programmer, Pulkit Bhutani as the senior engineer, and various other members. The maximum total supply of GUM tokens is 20,000,000.

Gourmet Galaxy's innovative model and user-friendly approach are set to transform the yield farming platform. With its unique combination of DeFi and NFTs, Gourmet Galaxy is poised to revolutionize the crypto space and become a leading player in the industry. As the platform continues to expand and evolve, it will undoubtedly attract more users and become an essential part of the DeFi ecosystem.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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