AMA about KWT & GEX Review 🗞

Mitya Goroshevsky explained the future of KWT tokens on GEX on the KWPC AMA session.

GEX is a fully decentralized limit order book exchange, native to the GOSH blockchain.
• Open source projects that has GOSH repositories with GOSH DAO tokens can list their tokens in GEX
• People who hold GOSH tokens can provide liquidity for the open source projects

GEX isn’t launching on GOSH now. It will be launched on the Everscale blockchain in cooperation with Flex.
• It means GEX uses Flex decentralized order book
• Only GOSH tokens against KWL token will be presented on GEX firstly
• The launch of GEX on Everscale is expected after the final unlock of KWT tokens.

KWT, or the Killer Whale Token, is the main liquidity providing token on GEX.
• After launching GEX on Flex you can stake KWT tokens 1-5 years and get KWL token.
• The investor will get maker fees in EVERs and farming % in project tokens additionally

The difference between KWL tokens and LV GOSH tokens:
• KWL is something you get if you have KWT tokens
• LV GOSH is something you get for staking GOSH tokens. It will be available later

KWF tokens is a different product. They are relating to the Fund. Find out more details in the Lite paper on the project website.

#GOSH #GEX #KWPC #AMA #post

The unlock of all unlocked KWTs took place ⚡️

The KWT token is the primary token providing liquidity on GEX. KWT can be managed in DeBot. After running GEX, you will be able to stake KWT tokens for 1-5 years and receive KWL tokens. The token can be transferred, and therefore sold "from hand to hand".

In the first year of KWPC existence, nothing happened, since it took a long time to debug Flex before the production version, and KWPC cannot work without Flex. On the AMA session, the team announced that the Flex launch date will be announced soon.

#kwt #kwpc #flex #gex #news #post

GEX manifesto was published 📜

GOSH team has released a curious manifesto in which they describe the GOSH ecosystem, in other words.

The economic problem

Because it is free, Open Source software does not offer its contributors one self-evident avenue for extracting its value. The only approximation of such an avenue is to create a business product from Open Source code.

Why it's decided to launch GEX

All repositories on GOSH are managed as a DAO, and they can trade their DAO tokens on GEX so that Open Source contributors can profit without sacrificing any freedoms, free services, or the principle of free exchange.

Key point about tokenomics

• The first mistake that founders of any new cryptocurrency can make is get it traded on exchanges before it has any intrinsic value. Bitcoin and Ethereum didn’t make that mistake

• In the beginning, the GEX will not trade with currencies outside GEX. Blockchains and Web3 projects should start from focusing on providing tangible value

A story about how GEX will start

Also, in other words, like you are on an island where there is nothing but what you can grow there.

Finally, a logical thought is displayed that in its nascent state a cryptocurrency is a closed economy. It has no ties to international trade. And it shouldn’t. Until, that is, it grows proverbial mangoes, potatoes, and coconuts.

🏝Have a nice weekend reading!

🔗 Full text of the manifesto

GOSH is a decentralized GitHub, GEX is a fork of Flex in the GOSH network.

#gosh #gex #post