Consumer prices are now rising faster than they have been in years, and this is known as inflation. House prices have now risen 6 per cent in the last year, a rise so large that it hasn't been seen since 1990. Inflation has generally remained below 2% per year for the past decade. However, recent figures show the figure is closer to 5% this year, with people noticing increases in what they pay for energy, housing, used cars and food.
The federal government operates to keep this growth steady and is just letting everyone know that now is the time to expect inflation to rise as a direct product of the industry trying to get back to normal. But while this pressure is said to pave the way for more steady growth later on, many are finding that this is not an assumption and that this will continue long into the future. At the same time, many Fed officials have acknowledged that inflation will last longer than expected.
The GOMA token aims to change this bleak outlook with a community focused on utility and technology to help society maintain its financial health. The introduction of the team's hyperdeflationary decentralized finance (DeFi) token will provide its holders with the opportunity to maintain wealth, and even build wealth through regular investment and liquidity mining. With these regulations in place, the team behind the GOMA token believes they can solve these inflationary periods that wipe out personal wealth.
Five months after the token launch, 90% of all existing GOMA has been removed from circulation through a process known as burning, leaving only 10% of the roughly 100 trillion tokens.
When two tokens come together
In practice, the GOMA ecosystem needs the action of two tokens, one is to act as a value stabilizer to drive the continuous demand of the ecosystem, and the name of this token is GOMAx. GOMAx aims to reallocate BNB in proportion to their current GOMAx holdings. The platform will then redistribute 3% of each transaction to token holders. In addition, the GOMAx token further acts as a qualification, indicating that the holder will be eligible to receive a portion of the BNB tokens present in the pool. However, users must maintain a certain balance to unlock these benefits, encouraging holding assets.
The second token is GOMA, the main ecosystem token. GOMA is used for all actions related to regular investment, liquidity mining, NFT, and redistribution. Other limited-supply tokens such as TORII are provided to users to earn income through regular investment in GOMA. In addition, GOMA also provides governance functions, allowing teams to gather community consensus and influence future network progress.
The two tokens are funneled into GOMA.FI, a dashboard that provides ecosystem reward metrics and other insights, along with other necessary tools to help people grow their wealth rather than lose it to inflation. GOMA.FI then becomes the access point for the two tokens on which the ecosystem depends.
Bringing DeFi to the masses
The team's value ecosystem is built around the tools and mechanisms that make DeFi and NFTs acceptable to the masses, and the team has experienced first-hand how DeFi can change the future by first building a strong community. Strategic partnerships, including GOMA token with STEM.xyz and TORII Finance, became the basis for future development, while announcing the team joining their first centralized exchange (CEX).
The success to date represents a 376,000% uplift for the token from its original launch price in July 2021.
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