Enable GPRX/USDT (0.15% fee tier) V3 Gauge on BNB Chain
Overview
This proposal seeks to enable the GPRX/USDT pair with a 0.25% fee tier on PancakeSwap V3, utilizing a V3 gauge for liquidity incentivization. GainProX (GPRX) is a utility-focused cryptocurrency supporting masternodes, passive income, and blockchain advancements. Adding this pair to PancakeSwap’s BNB Chain ecosystem will promote trading activity, expand GPRX’s reach, and increase PancakeSwap’s revenue through trading fees and community engagement.
Background
Token: GainProX (GPRX)
Ticker: GPRX
Chain: BNB Chain (BEP-20)
GainProX serves as a utility token in a blockchain ecosystem designed for passive income generation via Smartnodes (masternodes). The project emphasizes decentralization, community empowerment, and innovative tokenomics.
Intention:
To incentivize liquidity providers and attract traders, we plan to allocate a portion of GPRX from the ecosystem fund as bribes over an initial 4-month period. The intended bribe amount is [X amount of GPRX or USDT equivalent] to drive early adoption and incentivize trading.
Details
Boost Multiplier and Emission Cap %:
Boost Multiplier: 1.00x
Emission Cap: 0.5% (default)
Audits:
The GPRX smart contract has undergone internal testing and auditing. An external audit is underway to further ensure security and reliability.
Token Utility:
Current Uses: Masternode collateral, transaction fees, governance participation, and staking rewards.
Future Uses: Planned ecosystem expansion, including DeFi applications, governance upgrades, and GameFi integration.
Volatility:
GPRX is not a pegged token and has shown stable trading activity since its inception. Measures like dynamic liquidity provision and market-making initiatives are in place to ensure sustainable price movements.
Oracles:
No oracles are currently used for GPRX operations. The protocol ensures fair token valuation through market-based mechanisms.
Control:
The private keys to the GPRX token contract are managed by a multisig wallet, requiring 3 out of 5 signers for transactions. This enhances security and decentralization.
Merit
For PancakeSwap:
Increased Fee Revenue: The active trading volume of GPRX/USDT will generate consistent fees.
Community Engagement: GainProX has a growing community that will actively engage on PancakeSwap.
Marketing Synergy: The GPRX team commits to joint marketing efforts to promote PancakeSwap listings, including social campaigns and airdrops.
For GPRX:
Access to PancakeSwap’s robust ecosystem and visibility among its large user base.
Links
Token Address: GdHPW3rko8DSp3rFT7aSwkTVbXAK8GMptc
Liquidity Pool Address: To be created upon approval
Website: https://gainprox.xyz
Telegram: Telegram: Contact @gainprox_support
Github: GitHub - gprotocolx/gainprox