GammaSwap Perp Options Protocol is preparing for the $GS TGE (token generation event). Meanwhile, the Base Dawgz presale raised nearly $3M.
Every day, new crypto projects launch. You don’t have to look far. A quick glance at CoinMarketCap shows that there are over 2.4 million digital assets.
As an investor, you must comb through all of them and pick out a winner from the thousands of utility tokens, including meme coins, exchange coins, native coins, and many more that serve various sectors of the economy.
Out of the millions available for investors to consider, the GammaSwap token generation event set for August 30 is capturing attention.
Everything You Need To Know About GammaSwap TGE and $GS Token
It is easy to see why. GammaSwap is launching a perpetual on-chain options protocol competing with centralized versions like Deribit.
As an on-chain protocol, the team will also release their token, $GS.
The token, details show, will be core to the protocol and useful in governance and liquidity.
Interestingly, GammaSwap has operated over the last year and took two years to build and refine.
Over the last year, its assets under manager, better known as total value locked (TVL), soared to roughly $6 million. At the same time, its cumulative trading volume exceeded $100 million.
Now, as the team plans to release $GS, it will be a big step in their evolution.
GS will be released as an incentive, encouraging users to engage with the protocol and not for speculation. For this reason, GammaSwap will offer rewards in two ways. One is Escrowed GS (esGS), and the other is multiplier points, following the successful model of GMX.
The esGS will be non-transferrable and accessible for those who choose to stake or provide liquidity. At the same time, the multiplier point will also be non-transferable. However, the more you stake GS, the more you earn MP points.
This model boosts ETH rewards without creating inflationary pressure.
As part of the GammaSwap distribution, 17% of the total supply of 1.6 billion will be allocated to investors.
What’s cool is that VCs are not heavily involved since the protocol didn’t raise hundreds of millions. For this reason, selling pressure will be low.
Base Dawgz: A Soaring Memecoin Approaching $3M Raised
While eyes are on the GammaSwap TGE, investors are closely monitoring the development of another promising yet secure meme coin, Base Dawgz, audited by SolidProof.
The playful meme coin has raised over $2.9 million in its presale. At the current presale phase, DAWGZ, the multi-chain token, is available for just $0.007784.
Unlike GammaSwap, Base Dawgz is multi-chain, and thus, its native token can be moved across different blockchains like Base–the Ethereum layer-2, Solana, Avalanche, and Ethereum.
However, like $GS token, the platform supports staking. However, the staking yield is much higher, standing at over +826%. So far, over 204 million DAWGZ have been staked.
Those who want to share the project’s features on social media earn rewards via a share-to-earn mechanism. Payments are in DAWGZ.
For this reason, supporters are optimistic, expecting prices to rise once the presale ends and is listed on leading DEXes.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
