Introducing GCGL Token of Ubitex : The New Equity Token by UbitEx | What is GCGL Token of Ubitex ? | How to earn GCGL Token ?

Nov 5, 2024

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Introducing GCGL: The New Equity Token on UbitEx | What is GCGL Token | How to earn GCGL ?

The UbitEx platform is taking a leap forward with its latest token, GCGL Token—an equity token with groundbreaking potential. Set against the backdrop of an upcoming Reverse Takeover (RTO), this token brings new opportunities to UbitEx users and investors. Below, we’ll dive into What is GCGL Token of Ubitex , its use cases, GCGL tokenomics, How to earn GCGL and everything you need to know about staking and acquiring this token.

What is GCGL Token of Ubitex ?

GCGL is a newly introduced equity token by UbitEx, crafted as part of a strategic expansion. This token is designed to represent a share of ownership and provide governance rights within the ecosystem. Its release marks a significant step forward for UbitEx, especially as the company has successfully entered the main board of the London Stock Exchange (LSE) following its merger with Golden Rock Global plc.

With $20 million in initial capital from BlackRock, UbitEx is now officially part of the UK-listed company, Golden Rock Global plc. This reverse takeover (RTO) approach allows UbitEx to bypass the long and complex process of a traditional public listing, positioning it as one of the first cryptocurrency exchanges listed on the LSE alongside Coinbase's NASDAQ listing.

The Role of GCGL in the UbitEx Ecosystem

GCGL is more than just a token—it is the key to partnership staking on the UbitEx platform. This token opens doors to unique benefits for its holders, including:

Monthly Dividends: GCGL token holders are eligible for monthly dividends, providing consistent passive income.
Enhanced Staking Benefits: By staking GCGL, users can access financial management rights that offer higher yields.
Governance Rights: Token holders can participate in governance decisions within the new public chain, gaining influence over the direction of the platform's future.

Tokenomics of GCGL Token

Understanding GCGL's tokenomics is essential to recognizing its potential value. The total supply of GCGL tokens is set at 300 million, representing 30% of Golden Rock Global plc’s stocks. Here’s a breakdown of GCGL’s allocation:

Proof of Work (POW): 70% of the tokens are reserved for POW, establishing it as the primary distribution mechanism.
Market Allocation: 13% of tokens are dedicated to market activities, ensuring GCGL reaches a wide audience.
Team Allocation: 9% is set aside to reward the team, underscoring their commitment to the project.
Liquidity: 8% is allocated for liquidity, supporting smooth trading and exchange operations.

How to earn GCGL Token

GCGL tokens can be acquired through a dual staking process on UbitEx. The mechanism for acquiring GCGL is structured to incentivize those who stake UbitEx’s native token, UB:

UB Staking: From November 1st, users can stake UB tokens to earn a quota that allows them to buy GCGL at an exclusive rate.
Daily Allocation: Stakers earn 0.9% of their staked UB amount daily, which they can use to buy GCGL tokens.

The initial price of GCGL is $0.80 per token, valid until November 18. After this date, the price will rise to $1.00. Once GCGL goes live for spot trading, its value is projected to increase by 3-4x.

For example:

Suppose you stake $10,000 in UB for 360 days. You would earn 0.6% daily on UB staking, along with an additional 0.9% daily quota to purchase GCGL—translating to $90 worth of GCGL each day.

Timeline of GCGL Staking and Launch

November 1 to 18: Accumulate as many GCGL tokens as possible through UB staking.
November 18: Partnership staking begins after the Canada event, which will also feature the official minting of GCGL tokens and the white paper release.
December 1: GCGL will be listed on the UbitEx Exchange under the GCGL-USDT trading pair, with listings on other exchanges to follow soon after.

Long-Term Use Cases of GCGL Token

Holding GCGL tokens provides access to exclusive financial opportunities and governance influence within the UbitEx ecosystem. Here’s a deeper look at the use cases:

Monthly Dividends: Token holders will receive dividends based on their holdings, both on-chain and within the exchange.
Staking Benefits: By staking GCGL, holders can unlock additional high-yield financial management rights.
Governance Rights: GCGL offers holders a voice in governance, allowing them to influence decisions in the new public chain’s ecosystem.

Conclusion

The introduction of GCGL Token brings substantial benefits to UbitEx users, from monthly dividends and exclusive staking rewards to governance rights. As UbitEx joins the LSE through a reverse takeover, the future of the platform shines brighter than ever, providing new possibilities for growth, earning potential, and community involvement.

This was a brief on What is GCGL Token in Ubitex and How to earn GCGL Token ?

Whether you’re an existing UbitEx user or a prospective investor, GCGL Token represents a chance to be part of a transformative financial journey. Secure your stake today and become part of UbitEx's ambitious leap into the future of decentralized finance and blockchain.