Hassan Maishera
GoPlus Foundation, the organization supporting the development of the GoPlus Security ecosystem, has announced the launch of its native utility token, marking a significant step towards enhancing web3 security.
In a press release shared with Cryptowisser, the team said the $GPS token aligns incentives across its decentralized infrastructure and empowers a new era of security solutions designed to “Protect your every transaction.”
The launch of the $GPS token also signals GoPlus's transition from a centralized service provider to a decentralized security network. Through the GoPlus Security Network, the Foundation aims to create an open system where anyone can contribute to and benefit from enhanced security.
The token is key to GoPlus’ comprehensive security infrastructure, covering Secure Asset Issuance, Secure Asset Management, and Secure Trading. Primary use cases include security service fees: end-users can pay for transaction protection services in $GPS, for example, and businesses can use $GPS to access advanced security APIs. Projects also pay in $GPS to leverage the SafeToken Protocol for secure liquidity management.
The team explained that contributors stake $GPS to operate security service nodes or provide security data, earning rewards for securing the network. Furthermore, the $GPS token fuels user and developer incentives, with early participants earning additional rewards through staking and contribution programs.
GoPlus has set the total $GPS supply at 10 billion tokens, carefully distributed to ensure sustainable ecosystem growth and community participation. A total of 60.67% of the supply has been earmarked for ecosystem and community growth, with the full breakdown as follows:
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Community & Development: 24.67%
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Ecosystem Growth: 10%
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Marketing & Growth: 6%
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Airdrop: 10%
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Liquidity: 7%
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Advisors: 3%
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39.33% for Initial Contributors and Private Investors
GoPlus adopted a balanced tokenomic model to ensure long-term alignment between contributors, backers, and the broader community.
GoPlus has existed since 2020, safeguarding Web3 transactions through various cutting-edge security services. Processing over 30 million security detection requests daily and protecting tens of billions of dollars in user assets across 30+ blockchains, GoPlus has become a critical layer of Web3 infrastructure. Trusted by leading wallets, DEXs, and projects, GoPlus serves over 10,000 developers and protocols worldwide.
The GoPlus Foundation will soon release details about the Token Generation Event (TGE) and additional product features powered by $GPS. The token launch is an important moment in GoPlus’s journey as the Foundation works to decentralize its security network while continuing to protect web3 users globally.
GoPlus Foundation is a web3 security leader dedicated to building a secure and inclusive ecosystem for blockchain users and developers. GoPlus security services cover the entire transaction lifecycle, ensuring users are protected at every step of their Web3 journey. With innovative solutions tailored for wallets, DEXs, DeFi protocols, and public blockchains, GoPlus Security Network ensures that every transaction is protected from end to end.
