$GOOSE - Defi x CryptoArt

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Written by

BruceTheGoose.eth

BruceTheGoose.eth

Cryptoartist, NFT Maximalist, Web3 Advocate.

3 years ago

In community: Post anything you want to promote!!!(27ee)

$GOOSE is one of two ERC-20 tokens primarily used to obtain NFT's that I've created, $GOOSE works very differently. $FTHR currently doesn't have any "recorded" monetary value, as it doesn't have any liquidity pools active, is infrequently utilized, and only has "perceived value" based on interest in using it for the rewards I make available to redeem with the tokens. Alternatively, $GOOSE is issued through a bonding curve mechanic, meaning that the total circulating supply can only increase when ETH is provided to the collateral pool, essentially "purchasing" X-amount of $GOOSE. Due to this form of token distribution, the value of $GOOSE is directly reliant on the ETH locked into the contract as collateral, and every time more $GOOSE is issued in this way, the cost to obtain more, as well as the value of the currenly circulating supply increase. Anyone HODL'ing $GOOSE can sell it back to the bonding curve (effectively burning the tokens) at any time for 50% of the current value; with the exception of myself, who can burn the tokens to redeem the full value of ETH from the collateral. This prevents (in most cases) anyone from executing a "pump and dump" while also creating an incentive for me (as well as for people confident in my potential) to buy, HODL, or accept the token for varying products and services.

$GOOSE is one of two ERC-20 tokens primarily used to obtain NFT's that I've created, $GOOSE works very differently. $FTHR currently doesn't have any "recorded" monetary value, as it doesn't have any liquidity pools active, is infrequently utilized, and only has "perceived value" based on interest in using it for the rewards I make available to redeem with the tokens. Alternatively, $GOOSE is issued through a bonding curve mechanic, meaning that the total circulating supply can only increase when ETH is provided to the collateral pool, essentially "purchasing" X-amount of $GOOSE. Due to this form of token distribution, the value of $GOOSE is directly reliant on the ETH locked into the contract as collateral, and every time more $GOOSE is issued in this way, the cost to obtain more, as well as the value of the currenly circulating supply increase. Anyone HODL'ing $GOOSE can sell it back to the bonding curve (effectively burning the tokens) at any time for 50% of the current value; with the exception of myself, who can burn the tokens to redeem the full value of ETH from the collateral. This prevents (in most cases) anyone from executing a "pump and dump" while also creating an incentive for me (as well as for people confident in my potential) to buy, HODL, or accept the token for varying products and services.

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Written by

BruceTheGoose.eth

BruceTheGoose.eth

Cryptoartist, NFT Maximalist, Web3 Advocate.

3 years ago

In community: Post anything you want to promote!!!(27ee)

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