Description of Pump-Star & GameGo Rules
PDF Document Download:https://drive.google.com/open?id=1XgWIANcetwt7m_jYYcxVndMRxJn4mU5z
Iquant is soon to launch a brand-new module Pump-star, in collaboration with best suitable projects to improve the development of Iquant ecosystem with a built-in reward mechanism to benefit its customers.
This project rule partially utilises the Resonance Trade method of VDS (V-Dimension) and is built on GGT (GameGo Token). We are grateful to the inspiration that VDS provided us.
1. GameGo Project Introduction
GameGo is trying to build a next generation
of open gaming platform through by using blockchain technology. Through by
drawing on the idea of The DAO on Ethereum Network, we want to create an
autonomous community which uses smart contracts to manage platform general
issues and allocate capital flows. Bring game developers and players re-link
together through the process of establishing community development committees.
GameGO will use the blockchain technology and the concept of the token economy to recombine the game industry food chain. This will add a free flow user experience of digital assets to the game community, provide players with a more fair and transparent game ecosystem system, offer sufficient help and support for game developers.
In terms of rules, Pump-Star echoes the principles prompted by VDS, to be open and transparent, to balances the value orientation of the exchange-project-community, and to give back the benefits to the participants who contribute to the community's growth and development. In contrast to the past fund raising methods including ICO and IEO, the distribution model of Pump-Star maximumly avoids the inherent weakness of traditional fundraising methods, such as, project team does not execute the business plan as promised after funds are raised; exchange platforms engage in pump-and-dump schemes to manipulate the market using the information asymmetry and resource advantage they have, result in huge loss of many participants and investors.
PIDs are the form of ID used within the Pump-Star community, and more importantly, it is the unique identity in the entire trust network. The way to get the PID is as follows:
There are three types of PID: Genesis PID, PID, Lucky PID.
After one PID are generated, no matter the type of it, they cannot be changed and exist permanently, that is, each iquant account has one and one type of PID.
How to get the Genesis PID:
1) During the Genesis Phase, all users who have participated in the resonance will get the Genesis PID.
2) Before the snapshot at 24 o'clock on June 30, 2019, users who have registered as iquant users and hold more than 100,000 IQC (iquant platform coins) will get the Genesis PID.
3) Before the snapshot of 24 o'clock on June 30, 2019, users who registered as iquant users and transaction amount over 1 BTC on the exchange will receive the Genesis PID.
The Genesis PID is a special type of PID that is at the top of each trust matrix.
The Genesis PID can only be obtained through the above three ways, and the activation qualification is permanently retained. After the Genesis Phase, the Genesis PID cannot be obtained in any way.
How to activate the Genesis PID:
On the PID activation page, you can activate your Genesis PID by paying 30 GGTs. Once the PID is activated, you can enjoy the 12-layer reward provided by the trust matrix system and have the opportunity to participate in the weekly Lucky20 and Top10 fission contests. Earn rewards.
The 30 GGTs paid for the Genesis PID activation will be re-delivered into the P pool.
PID acquisition method:
A normal PID can only be obtained through invitations to other activated PIDs. When creating your own PID, you must enter an activated PID in the creation interface to create your own PID.
This is a method of obtaining a PID that can be used during the creation period and during the normal period.
PID activation method:
By clicking the Activate PID button on the iquant-PID interface and choosing to pay 30 GGTs, you can activate your PID. The activated PID, in addition to being an inviter to invite others, can also enjoy the twelve-tier reward provided by the Trust Matrix System and have the opportunity to participate in the weekly Lucky20 and Top10 fission contests and receive rewards.
The 30 GGTs paid by the PID activation will be assigned according to the rules in the trust matrix.
How to get Lucky PID:
Lucky PID is a state of PID that will be activated only after some corresponding conditions have been met.
After you activate this status, you can participate in the weekly Lucky20 contest and have the opportunity to receive 50% of the ETH in the P pool as a bonus.
For a section on Lucky PID, please refer to the detailed description of the Lucky PID section.
4. Trust Matrix
Through the inter-relationship between Pump-IDs, a game network that promotes multi-layer interpersonal fission will be built to satisfy multi-level interpersonal fission revenue distributions and solve the Trust Problem. We call it the Trust Matrix.
The Trust Matrix looks like a combination of countless pyramid structures. Through the Trust Matrix, the gained extension of the interpersonal relationship or the gained benefits from the growth of the entire community will be obtained by PID holders in the Trust Matrix. While the Genesis PID is the starting point of the entire Trust Matrix.
Every PID possesses its own unique chain of interpersonal relationships. The fission rewards each PID (including Genesis PIDs) may earn from their Trust Matrix may at most reach 12 vertical levels. Within these 12 levels, direct and indirect fission promotions can both earn rewards. Each of your subordinate PIDs can fission out 12 PID locked relations; which means that under each PID, fission can reach up to approximately 9.7 trillion fission-relation PIDs and reward from the entire network.
In the Trust Matrix fission rule, aside from Genesis PIDs, any of new created PIDs need to pay 30 GGTs to inviter's PID to activate the PID system. A direct invite reward of 10.5 GGT is earned by the PID that sends the friend request. Another 18 GGTs in system rewards will be divided into 12 portions of 1.5 GGT each and disbursed among the relationship-locked PIDs in 12 levels above it. Each PID will get one portion of them, and the remaining 1.5 will be used as the Iquant service fee.
In the system reward, the inviter's PID reward system linear depth cannot exceed the number of people directly invited. For example, the direct inviting members of PID-1 is only 6 people, which means there are six PIDs be filled in the first level. Then Under the Trust Matrix system, PID-1 can only get the system rewards within the six-layer level. The rewards to the lower/next level will be lost. In addition, all unclaimable lost system rewards will go directly in the Resonance P-Pool. When a PID directly invites 12 people, only then the PID will get all 12 vertical levels’ worth of system rewards for the newly created VIDs within its Trust Matrix System.
Fig1. Only Six PIDs in the first level
Fig2. All twelve PIDs in the first level
It should be noted that direct rewards and system rewards will be locked out for a week before they can be used.
5. Resonance Trade
Resonance Trade is the ETH to GGT, one-way exchange channel designed into PID. In the Resonance Trade, the ETH to GGT one-way exchange is based on the dynamic ratio in the resonance P-Pool. We call the calculation method used to find the ETH to GGT exchange ratio to the Resonance P-Pool.
Resonance P-Pool as the picture showed above, assumes an inverted triangular shape, composed by unlimited levels of different exchange ratios. The amount of GGT in the P-Pool determines the conversion level number, and the current conversion ratio.
Every level in the Resonance P-Pool has a conversion capacity benchmarked at 100 ETH, which means that under this exchange rate, the exchange ratio will reduce after the maximum number of 100 ETHs is exchanged.
The bottom level of the inverted triangle is the first level of the Resonance P-Pool. This level has the ETH to GGT conversion ratio of 1:1. Every increase of one level the ETH to GGT conversion ratio increases by one. In other words, at level two the ETH to GGT ratio is 1:2, at level three the ETH to GGT ratio 1:3, for the same reason at the level N, ETH to GGT = 1: N.
The GGT of the resonant P pool comes from the following three sources:
1) Among the 150 million GGTs prepared in advance, there are 100,040,500 as the initial amount of GGTs in the Resonance P-Pool. At this time, the number of layers of the inverted triangle model is 1414 layers, which means that the initial ratio of ETH to GGT is 1:1414.
2) Loss of system rewards. In the trusted network of each PID, when the number of direct invitations does not exceed 12, at the meanwhile, each time there is a new PID be activated. During this process, there will be a loss of some system rewards, and it will enter the P-pool.
These lost GGTs will be sent to the P-pool in real time.
3) In the Pump – Balance issuance mechanism, when the GGT amount that used to activate the PID in the previous week is less than the weekly fixed output, the difference amount of GGT will be invested in the P-Pool.
1) ETH to GGT is one-way exchange which means that it can only be converted ETH to GGT, but not GGT to ETH.
2) 2) Since the P pool will have sequential processing restrictions, the order of redemption will be determined by the final system processing order, and the final number and proportion of conversion will be based on the final output.
3) When all of the GGT within a level has been exchanged out, the system will set to automatic drop one level to continue exchanges. On the other words, when the GGT supply in one level complete by more than 100 ETH, the conversion ratio Increase by 1. In addition, one Resonance Trade can contain multiple exchange ratios.
2.Two stages of resonance trading:
In the Pump-Star, the Resonance transaction is divided into two stages. In the first week of the beginning, we called it Genesis Week, we will adopt the mode of the first currency high ratio conversion.
The specific rule is during the first week of launching Pump-Star:
In the first two days, the exchange ratio of ETH and GGT is 5 times as usual;
In the third and fourth days, the exchange ratio of ETH and GGT is 3 times as usual;
In the last two days, the exchange ratio of ETH and GGT is 1.5 times as usual.
According to the initial number of 100,040,500 GGTs in the P-Pool as a basic number to calculate. It can be known that the initial exchange ratio is 1:1414. It means, in the first two days, if 1 ETH can be exchanged for up to 7070 GGTs. With the growing number of ETH to be exchanged, the number of GGTs in the Resonant P-Pool will be reduced. This will lead to the result of the exchange ratio goes down.
After the Genesis Week, the exchange ratio will return to regular and will be distributed according to the regular ratio.
6. Lucky PID
A Lucky PID is a PID that contributes to the entire PID ecosystem. It must meet the following two conditions:
(1) Direct invitation exceeds 12 PIDs, which means it is a living PID;
(2) It must lock 100 GGTs, and it takes a week to unlock the locked GGTs;
After becoming a Lucky PID, you can participate in the weekly Lucky20 event and earn the opportunity to get a generous bonus.
7. Fission Promotions and the Lucky20
1） Fission Competition
We all know that when the GGT be exchanged from the P-Pool, there is a prize pool will be created that full of ETH in the P-Pool. For expressing appreciation to the participants efforts on building and promoting, while in order to make the entire ecology sustainable growth, we set up a fission competition.
Fission Competition Rule:
There are two different stages of fission competition, respectively are Genesis Season and Regular Season.
Genesis Season is the first week after launching Pump-Star. Regular Season are each weeks after that.
Every season, including the Genesis season, will have a fission TOP 10 ranking. Before the next season, the 50% of ETH that accumulated in the current Resonant exchange will be allocated to the Top 10 PID systems with the most fission points in the last season. After that system will perform the point zeroing operation to restart the new season.The statistical method of fission points is that every time you directly invite a new PID which also complete activate action, you will get 100 points. When the PID that you invited invites another PID, you can get 61.8 points. To the next level, then you will get 61.8X0.618= 38.1920 points, and so on. The specific scores of each level are able to find out in the following figure:
The number of each players in TOP 10 is determined by the proportion of their own points in the total score of TOP10. This is also a reasonable distribution based on the principle of get more pay for more work.
Please note that due to the special nature of the Genesis season, all the accumulated prize which refer to the all ETH in the P-Pool will not be completely allocated in the week after Genesis season. It will divided reward into 23 portions, for the first week will use 3/23 as reward. The remaining will use at 1/23 per week for a total of 21 weeks.
This is an action to balance the overall benefits and protect the balance of the system.
Which means that, during the Genesis season the system reward amount for Top 10 will be 50% of the 3/23 total prize pool.
In order to maintain the entertainment of the whole system, after rewarding 50% of the prize pool as TOP10, we will carry out the sweepstakes with the remaining 50%.
All of the light nodes will be able to be attended the sweepstake. After every game, 20 of light nodes that will be selected to split 50% of the total prize pool amount.
Please note that due to the special nature of the Genesis season, the total reward for the Lucky20 event during the Genesis season will be reduced to 50% of the 3/23 total prize pool.
This means that 100% of the ETH accumulated in the resonance P pool will be obtained by the participants in trust matrix through the Top10 and Lucky20.
8. GGT issuance
There are 10 billion GGT in total, of which 250 million is to be used for Pump-Star project, the rest of GGTs will be locked in position for a time period of 3 years. 15 out of the 250 million GGTs is to be used as start-up capital, consisting of three parts listed below:
Resonance P-Pool Starting Capital 100,040,500 GGTs
Forerunner Airdrop 25,000,000 GGTs
GGT Ecosystem Initial Funds 24,959,500 GGTs
GGT Allocation Details;
The Resonance P-Pool starting capital. This amount stated above serves as the initial total capital in the P-Pool, setting the opening exchange rate to ETH at 1:1414.
Forerunner airdrop. GameGo and Iquant project team will collectively select a group of people who are of significant importance or influence to donate GGTs to. We will make the donation list and proposal public in our communities. After 50 forerunners are chosen and confirmed, each of them will be given 500,000 GGTs. As a tribute to the many accomplishments Vitalik Buterin brought to the crypto community, we will first offer this opportunity to him.
GGT Ecosystem Initial Funds. The fund is to set ground for the sustainable development of our ecosystem. Iquant and GameGo project team will responsibly use the fund according to the arrangements designed below:
(1) Exchange Token Listing Reward – 40%
Total amount: 99,983,800 GGTs
1st exchange that listed GGT Token: 5,000,000 GGTs each
2rd group of exchanges that listed GGT Token: 20 exchanges, 2,000,000 GGTs each
3rd group of exchanges that listed GGT Token: 20 exchanges, 1,500,000 GGTs each
4th group of exchanges that listed GGT Token: 20 exchanges, 1,000,000 GGTs each
5th group of exchanges that listed GGT Token: 10 exchanges, 498,380 GGTs each
Only exchanges that listed on the top 10 of CMC is eligible to be recognised as the 1st exchange to list GGT token. Exchanges that falls out of the top 10 of CMC will be automatically categorised into the next listing reward tier available at the time of successful listing.
The reward will be deposited in after buy/withdraw function are activated and GGT listing is public ally announced on the exchange.
(2) Iquant Team Incentive Reward – 15%
With the aim of providing motivation to Iquant project team, a total amount of 3,743,925 GGTs will be released to the team in a flat linear fashion, that is the total amount will be evenly distributed across a time frame of 12 months at the interval of 1 month.
(3) Exchange Listing Site Reward– 20%
Total amount: 4,991,900 GGTs
The first 10 Exchange Listing Sites that listed GGT token will share the totally reward equally.
(4) Marketing Promotion Cost – 25%
Total amount: 6,239, 875 GGTs, for a series of Pump-Start promotions. The current plan is: by publishing a white list, the partners on the white list will be rewarded according to the pre-announced information after reaching a certain goal. The release rules of the rewarded GGT will be posted by specific announcements or information on “Pump-Star” page.
The 2.35 billion GGTs, will be released to GameGo project team strictly following the Pump-Balance issuance mechanism, detailed arrangement is as follows.
The 1.2 million GGT will be released every day, which is 8.4 million GGT per week, and will be released directly to the public project address.
Every 21 weeks, the daily release volume will be adjusted downward by 5% until the release is complete.
During the Genesis Phase:
1. The maximum amount of GGTs that GameGo project team could possibly gain is the number of GGTs spent by creating Pump-ID.
2. The weekly production of GGTs, that is 8.4 million, will be entirely credited to GameGo project.
During the Regular Phase:
Under the circumstance that the total amount of GGT spent by creating new Pump-IDs in the previous week is less than 8.4 million, the weekly GGT release amount, the project team will be rewarded the number of GGTs that was spent. The balance will be put into the resonance P-Pool. In the event that no GGT is spent in a week, GameGo project team is no longer entitled to any GGTs in the following week.
In the case that, the amount of GGT spent by creating Pump-ID in a given week exceeds 8.4 million, GameGo project team’s reward will be capped at 8.4 million.
The team reward incentive mechanism described above is purposefully designed to avoid project team enjoying windfall effect without putting efforts the project and community deserve, it promotes productivity and drives the community developments.
All of the GGT addresses will be publicly announced on Iquant. We welcome all community members to monitor the addresses.