The backbone of The Coop Network, COOP-s represent stake in the COOP. They are dividend bearers in our real-world businesses, the capitalization being the total real value locked (TRVL) in the COOP assets. They are represented on the blockchain as traits registered on COOP membership NFTs. The COOP is legally required to buy back COOP-s from members, should they decide to end their membership. Members can also trade COOP-s between them.
Price €10 | Issued tokens 78000 COOP-S | TRVL €780.000
GMD is primarily used for DeFi transactions and e-commerce, as well as investing and staking. Secondary functions include forging, node control, and the settling of gas fees. GMD is a deflationary and decentralized coin. 25% of the profits are used to buy back GMD and burn it, while 100k GMD is burned with each new node created and marked by the community. There were no private sales, seed sales, or pre-sales held prior to the public sale, as an anti crypto-whales measure. 50% of the total supply is permanently locked in five safety wallets to prevent 51% attacks.
GMD’s is a deflationary coin. The supply is capped at one 1 Billion, with a circulating supply of 220M.
The Coop Network uses the Proof of Stake protocol, where users can stake their GMD coins by exchanging it for STK (StakeCoin) and hold it. The annual percentage rate (APR) for the first year of the Coop Network staking program will be 24%. An annual percentage yield up to 26.25% would place STK in the top high-yield staking programs involving stablecoins.
You can also earn rewards by running trusted nodes on our blockchain. Buy & hold 2000 NOD (NodeCoin) with GMD. Then get the hallmark status for your node through a KYC process. The base reward for the participants who choose to run nodes on the Coop Network will be a 15% APY in the first year.