The Galactic Quadrant, our governance token, was released to the market a month ago. During this time, its adoption and utility have grown exponentially together. Now is time to make a recap to understand what will be coming next.
Outer Ring arrived in the market via IDO and TGE launch. We partnered with 11 different launchpads to do so. Early buyers are now receiving tokens for the second time thanks to the established linear vesting, lasting ten months.
After the Token Generation Event at PancakeSwap, the $GQ has registered average daily volumes of around 10M$ and has dominated DexTools Hot Pairs ranking during the entire month.
Adding more utility
Outer Ring has a unique approach to its governance token use. Although holders have now yet been able to participate in decentralised decision making, the token has had high usability from day one.
The creation of the Galactic Pools allowed all holders to gain in-game rewards by staking GQ. This platform is part of a two-sided strategy. First, our vision is that GQ should not be given away without effort. The token should be gained by playing. And second, that early adopters should be rewarded for their faith in the project.
Players participating in the staking pools will be far ahead once the race for galaxy´s control begins.
The utility of the Galactic Quadrant has also extended during this month with the creation of the Galactic Alliance. This collaboration agreement now allows users to stake GQ to get the tokens of the members: Bamboo Defi, BabySwap, InfinityPad, Dextools, Babylons, Seedify, Anonverse and BeGlobal.
This next month, expect to get more utility out of the materials received by using our newly created DEX.
Working on accessibility
Getting access to the rewards mentioned above and investing quickly in a project should be a straightforward process accessible to everyone. This month, Outer Ring has placed its focus on granting users safe and quick ways to obtain its token.
All the smart contracts in which our token is involved have been audited.
Also, in addition to PancakeSwap, we closed collaboration agreements that placed our token in other DEXs. Biswap and Babyswap joined the cause and are now offering the trading of GQ and other financial products related to it.
At last, we made a tremendous promise by placing the listing of a Top5 CEX in our Roadmap. And we delivered. On March 31st, Galactic Quadrant got listed in Huobi.
The results in numbers
The work carried out during this month gave the results expected. As for now, more than 12k people have GQ in their wallets. In addition to these holders, we also registered +10k wallets interacting in the Galactic Pools, which now have a total value locked of +8M dollars. Results also manifested in the token’s value.
The price of GQ reached an ATH of 0,09 BUSD, a symbol of people’s belief in a project that hasn’t even released its first stage of the main product, our videogame.
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