GoGoPool

What Is GoGoPool?

GoGoPool is a decentralized staking protocol built to help Avalanche Subnets launch faster through liquid staking and $GGP.

GGP is the native utility token that is used for:

• Lowering the AVAX staking cost of a validator node
• Staking to be matched with AVAX from the deposit pool
• Used in governance to make decisions about the protocol, aimed towards helping Subnets launch faster

How Many GGP Coins Are There in Circulation?

GoGoPool launched its mainnet on April 28, 2023 with 18 million GGP tokens created at genesis. 5% of additional supply is issued each year to support the network as epoch rewards, of which 70% goes to validators, 20% to the protocol treasury, and 10% to the OracleDAO. These reward settings are configurable by the DAO.

Where Can I Buy GGP?

GGP is available for trading on a growing number of exchanges, with cryptocurrency and stablecoin pairs currently available.

Trader Joe offers the largest number of pairs as of April 2023.

New to cryptocurrency? Read CoinMarketCap’s easy guide to buying Bitcoin or any other token.