Pump-Star --- FAQ
1. What is the Pump-Star?
It is a new model for project fundraising and token issuing. It changed the drawbacks of traditional fundraising models. At the meanwhile, it also avoided that issuance team taking money after project fundraising completed;
2. What is the Pump-ID?
The abbreviation of Pump-ID is PID, which is the unique identification of the identity of the community members who participate in Pump-Star.
There are three types of PID: PID, Genesis PID and Lucky PID.
After the three types of PIDs be created, they will not be able to change moreover they will exist permanently. That is to say, each account has one and only one corresponding type of PID.
3. What is the “PID”?
PID is the abbreviation of Pump-ID, which is the unique identification of the identity of the community members who participate in Pump-Star.
4. What is the “Genesis PID”?
The Genesis PID is the only PID in the Pump-Star system that can be generated without being invited. It could describe as the earliest pioneer participant and communicator in the community. It is the only user who has the full 12 levels of invitation privileges in the “Trust Matrix” of the Pump-Star 12 Invitation System.
5. What is the “Lucky PID”?
Lucky PID is a lottery code generated after the activated PID meets the following 2 conditions, respectively are:
(1) Direct invited exceeds more than 12 PIDs
(2) Locked 100 GGTs
After becoming a Lucky PID, the user will be able to participate in the “Lucky 20 Sweepstake” activity. Each season, there are 20 Lucky PIDs will be distributed up to 50% of the prize pool.
6. What is the “Trust Matrix”?
"Trust Matrix" is 12 levels invitation reward system of Pump-Star system.
7. What is the “Resonance Trade”?
Resonance Trade is the method that one-way exchange of ETH to GGT. The Resonance Trade rule is that the earlier the user start Resonance Trade, the higher exchange ratio of ETH to GGT will be, the lower the price of GGT will be costed. In addition, “Resonance Trade” is divided into 2 phases: Genesis Resonance phase and the Normal Resonance Phase.
8. What is the “Genesis Resonance”?
In the first week of the beginning, we called it Genesis Week. The specific rule is during the first week of launching Pump-Star:
In the first 2 days, the exchange ratio of ETH and GGT is 5 times as usual;
In the 3rd -4th day, the exchange ratio of ETH and GGT is 3 times as usual;
In the last 3 days, ETH and GGT exchange ratio will be 1.5 times as usual.
After the Genesis Week, the exchange ratio will return to regular and will be distributed according to the regular ratio.
9. What is the TOP 10 of the “Fission Competition”?
Each season, in the Pump-Star 12 levels invitation system of "Trust Matrix" invites the Top 10 highest points holder and distribute 50% of the prize pool.
10. What is the statistical method of“Fission Competition”?
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 6.18X6.18= 38.1920 points, and so on.
11. Where does the "Fission Competition" Top 10 and Lucky 20 Sweepstake reward come from?
The ETH that used for Resonance Trade will remain in the P-Pool as the reward. Meanwhile, all of these ETHs will be distributed to the participants as the reward.
12. What is the GGT?
GGT is the platform token of GameGo, and it will be able to use for game payment etc behaviours in the future.
13. How to purchase GGT?
There are 2 ways to get GGT. One is to buy GGT in the secondary market, and the other way is to obtain from Resonant Trade.
14. How does the GGT team make profit?
According to the rules of Pump-Star, the GameGo team will get a certain number of GGTs weekly based on community expansion. These are the profits that the team will make.