Launch announcement

Geminon Protocol will be released tomorrow, Sunday, September 11.

  • Starting price: $0.001
  • Initial supply: 100,000 GEX
  • Initial market capitalization: $100
  • Fully diluted market cap: $100 (remember that the GEX token can only be minted by collateral mining: it is deflationary by design, its value cannot be diluted by unbacked token issuances as most projects do).
  • There have been no private presales, nor does the team own any cut of the supply. The only initial supply is the one existing in the pools.
  • The launch announcement will be made first on our Telegram channel https://t.me/geminon_ann, subscribe to be one of the first to get the GEX token.
  • To buy GEX visit our app: https://app.geminon.fi
  • If you have any questions, check the quick guide in the official documentation of the project: https://docs.geminon.fi/

Liquidity

Keep in mind when trading that Genesis Liquidity Pools are a type of LBP (liquidity bootstrapping pool), and therefore create liquidity dynamically, allowing launching with zero initial liquidity. This implies that liquidity at the beginning is very low, so large trades can have a high impact on the price. If you want to reduce the slippage of your trades, split the amount and make several trades to take advantage of the generation of new liquidity from the pool, this will give you better results. It is also recommended to distribute the operations in different pools to take better advantage of the existing liquidity.

Price

The GEX token has not been pre-sold, nor is there any supply reserved for the team or others. There is also no reward mechanism in the protocol (staking, yield farming, etc.) that mints tokens out of thin air, so the token is not inflationary. This means that it is highly unlikely that the price could drop substantially below the initial price, as it happens in other projects.

Is there any risk of “rug pull”?

Short answer: no.

A rug pull is a type of scam in which, after the launch of a cryptocurrency on a decentralized exchange (DEX), all initial deposited liquidity is suddenly withdrawn, leaving buyers of the token trapped without being able to sell it.

Market cap

For an expert cryptocurrency investor, the fact that the initial market capitalization of the GEX token is almost zero can be very striking. It is common to find initial valuations on many projects in the range of millions to hundreds of millions of dollars, with only a few hundred thousand in actual liquidity. These are obviously misleading valuations that, as they are not backed by the corresponding liquidity, are the cause of the price of these projects falling by 99% as soon as the market is no longer strongly bullish.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store