Disclaimer: GEL token is not an investment.
GEL is live
We are pleased to announce that after launching DEXG Swap, our liquidity incentive and utility token GEL is now also available on mainnet. For more information on GEL please read our previous medium article INTRODUCING GEL — DEXG ENHANCED LIQUIDITY.
Claim your stake
It will now be possible to claim GEL for those that participated in DEXG staking. We have carefully considered the risks involved in each round when deciding on a correct distribution key. To find out exactly how much GEL you can claim, please use the link below and enter the public address of the wallet that was used during staking.
(Claim open: 31st March 2021 12:00pm UTC)
Please bookmark this page as we created this dApp to also be able to claim GEL from the DEXG liquidity mining incentive, so it will play an important role going forward.
In total, 247,500 GEL will be distributed amongst stakers as laid out in the tokenomics for GEL in the aforementioned medium article.
The distribution of 247,500 tokens was then divided into eight shares, one for each staking round, as presented in the following table.
The distribution for each of the rounds was then calculated using the following method:
- Allocate GEL to each staking round.
- Calculate the average shares of participants depending on the time and amount of pledged tokens to the staking rounds.
- Allocate the GEL of the staking round to every participant based on the average shares.
- Take the total sum from step 3.
With this milestone we are setting the stage for future developments and we will gradually start to flesh out GEL’s role in the DEXG ecosystem over the forthcoming development cycles. For now you can enjoy GEL as a mining incentive alongside the benefits that providing liquidity on DEXG Swap offers.
© DEXG Finance
GEL tokens are not intended to constitute securities in any jurisdiction. The above article does not constitute a prospectus or offer document of any sort, and is not intended to constitute an offer of securities or a solicitation for investments in securities in any jurisdiction.
DEXG Finance (“Development Team”) disclaims any and all responsibility and liability to any person for any loss or damage whatsoever arising directly or indirectly from (1) reliance on any information contained in the white paper and this article, (2) any error, omission or inaccuracy in any such information, or (3) any action resulting therefrom.
The value of GEL tokens is currently very volatile. The Development Team does not have any means of stabilizing the token value, please buy at your own risk. Unlike bank accounts or accounts at some other financial institutions, GEL are uninsured unless you specifically obtain private insurance to insure them. Thus, in the event of loss or loss of utility value, there is no public insurer or private insurance arranged by Company, to offer recourse to you. Because GEL are based on the Ethereum protocol, any malfunction, breakdown or abandonment of the Ethereum protocol may have a material adverse effect on the platform or GEL. Moreover, advances in cryptography, or technical advances such as the development of quantum computing, could present risks to the GEL and the platform, including the utility of the GEL for obtaining services, by rendering ineffective the cryptographic consensus mechanism that underpins the Ethereum protocol.
As stated above, the GEL token is not intended for investment. It is a functional token of DEXG platforms, and GEL’s launch will begin to trade on secondary markets where its price is strictly determined by demand. However, free trade and speculation produce a circumstance where there are two GEL prices — one is in DEXG pegged price and another on platforms such as Balancer and Uniswap.
Thus, these two prices diverge, in the DEXG platforms, the GEL price closely follows the DEXG circulating supply on Ethereum. However, on the secondary markets, the price is often defined by demand, which can lead to speculation. Therefore, the community is encouraged to consult knowledgeable professionals concerning the cautiousness of pump-and-dump schemes around GEL.