Token Supply Distributions of GTFX

Backgrounds

The total supply of GTFX from genesis will be deployed on the dual chain (Gitshock Chain and Neware Chain) and also on several top EVM chains (Ethereum, BNB Chain, Avalanche, Solana, Polygon, Fantom, Metis and Aurora). Sometimes people ask about the reason of deploying on many chains. There are several reasons:

  • To promote the existence of Gitshock Edgeware Token Builder

Once a Gitshock Edgeware want to deploy their tokens on BNB Chain (for example), they will be able to pay the service using GTFX (BNB Chain).

  • As a medium for bridging values

As we connected all of those chains to our native chains (Gitshock and Neware) and also the IBC chains of Cosmos Ecosystem, users will be able to directly transfer values across different blockchain bases via gitshock Bridge. It will work like USD in fiat currency, enterprises frequently use USD for value transfers, so they won't be rushed in converting it to another currency.

  • To Promote Gitshock Edgeware Blockchain Builder

As we finished the framework project of Gitshock Blockchain Builder, we'll be inviting any projects from those top EVM chains to go mainnet and be separated from their depencency on the network. It will be win-win solutions for them and us. They need to pay the service with GTFX on their native chains and we they can receive their own blockchains. Currently this features is already included on the roadmap, and will be available after finishing some experiments on Gitshock Labs.

By connecting those chains we do believe in the future of interoperability between chain.

GTFX Supply on Dual Chains and EVM

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