One-year review of the GQ ecosystem:
- The vesting distribution of the IDO, Seed, and Private Sale has finished.
- There are 24k GQ holders and more than 750.000 transactions verified in the blockchain.
- Galactic Quadrant starts its journey to become a deflationary token.
- More games will use GQ as their governance token.
- Big presence in the blockchain industry is recorded in DEXTools, Coinmarketcap, Coingecko, and DappRadar.
Today is the first anniversary of Galactic Quadrant´s release into the open market. On March 2nd and 3rd of 2022, we completed a successful IDO (Initial DEX Offering) and TGE (Token Generation Event) in collaboration with our 11 launchpad partners. A year later, we are happy to announce that the linear vesting of the IDO, Seed, and Private Sale has been completed putting 3,4 billion GQ in circulation.
Over this year GQ has registered over 750,000 transactions, resulting in almost 24,000 wallets holding our Governance token. Also, half of the Angel phase has been completed, meaning there are only 150M GQ to be distributed among private investors, which is less than 4% of the current circulating supply. Furthermore, 25% of this supply is locked by holders in our Staking Pool.
Digging into the GQ tokenomics
To analyze the tokenomics of Galactic Quadrant, we must first consider that the token is designed to become deflationary, meaning that emission will always be proportionally smaller to the amount burned by completing daily tasks inside all games within the ecosystem.
Outer Ring is already integrating a burning mechanism in their Public Land Auctions starting on March 15th. Also, Maniac Panda Games, the game studio developing this MMORPG, has announced the integration of GQ in two new games, Racerloop and Cryptoduels, meaning more usability and a higher burning volume.
We're warming up the engines and now the real countdown begins ⏳
Get ready and prepare to compete in fast-paced races that will leave you on the edge of your seat! ⚡
🚀 Pre-Alpha – 17/03/2023#racerloop #gaming #freetoplay #racinggames pic.twitter.com/SCuBG2FTHD
— Racerloop 🚀 (@Racerloop) March 1, 2023
This ecosystem growth comes together with the team´s compromise on building a healthy ecosystem. All team tokens are locked for two more years and will be distributed in a 24-month linear vesting. Also, the treasury holds 424M GQ, 20% of the total distributed during the next 5 years.
As mentioned countless times, the project has completed 3 funding rounds for 15M$ and does not need to sell GQ tokens against the market.
What does the future hold?
Galactic Quadrant is rapidly gaining space inside the blockchain ecosystem, combining for almost 20k watchlists between Coinmarketcap and Coingecko. During the past month, it has placed second in market volume among games registered in DappRadar, coming in only behind Axie Infinity. It has also surpassed tokens from established projects such as The Sandbox. In addition, it ranked first in DEXTools Hot Pairs.
We're reaching for the stars! 🚀🌟
As one of the top 5 blockchain games by volume in the last 7 days, we're proud to be on the list! https://t.co/SlwlpuC8lL
— Outer Ring MMO 🪐 (@OuterRingMMO) February 21, 2023
In the following months, we will be working to make the token more accessible with new CEX listings and opening new pairs in the DEX as Apeswap and Biswap. Fulfilling these important milestones, along with the launch of Outer Ring Early Access Pre-Alpha in June and the integration of new games inside the ecosystem, will bring new members to our community, which is growing bigger and stronger.
Will you hold through this journey? We are waiting for you in the Outer Ring.