GTON Capital | GC
  • GTON Capital ⚜️ Explained
  • LEARN
    • Brief Intro
    • GTON Capital in Detail
    • GameFi, SocialFi, & Real World Assets
    • GTON Network
      • Basics of Rollups
      • Protocol Overview
      • L2 Processes
      • Bridge
    • GTON Dollar (GCD)
      • Lending, CDP, and Money Markets
      • Fees
      • GCD Contracts
        • Solidity API
    • OGXT
    • Oracles
  • USE
    • GTON → OGXT Token Swap
    • OGXT/GCD Ratio
    • GTON CLI
    • Connect to GTON Testnet
    • Metamask Settings
    • Deploy to GTON Network
    • Contract Verification
    • Mint & Bridge GCD
    • Tech Support
    • Positions Liquidation and Closing the Project
  • GTON Ecosystem
    • GTON Ecosystem
  • Contributors
    • Multisig
    • Github
  • Treasury
    • Treasury Management
    • Treasury Snapshot Reports (TSR)
      • TSR 1 - 19 Jan 2022
      • TSR 2 - 19 Feb 2022
      • TSR 3 - 19 Mar 2022
      • TSR 4 - 19 Apr 2022
      • TSR 5 - 19 May 2022
      • TSR 6 - 19 Jun 2022
      • TSR 7 - 19 Jul 2022
      • TSR 8 - 19 Aug 2022
      • TSR 9 - 19 Sept 2022
      • TSR 10 - 19 Oct 2022
      • TSR 11 - 19 Nov 2022
      • TSR 12 - 19 Dec 2022
      • TSR 13 - 19 Jan 2023
      • TSR 14 - 19 Feb 2023
      • TSR 15 - 19 Mar 2023
      • TSR 16 - 19 Apr 2023
      • TSR 17 - 19 May 2023
      • TSR 18 - 19 Jun 2023
      • TSR 19 - 19 Jul 2023
      • TSR 20 - 19 Aug 2023
      • TSR 21 - 27 Feb 2024
  • Audits
    • Certik Audit
    • Securing Audit
    • Hacken Audit
  • Community
    • Snapshot (Fantom)
    • Snapshot (Ethereum)
    • ⚠️Legal Disclaimer
    • Code of Conduct
  • History & Legacy
    • Legacy Articles
      • 🪙Staking
      • 🪢Bonding
      • 🧬Pathway (PW)
        • PW FAQ
      • Roadmap
      • 👼Angels
    • Timeline Overview
    • Unlocking from staking v0/v1
    • 2021 Vision
    • GTON Token
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  1. USE

OGXT/GCD Ratio

In response to the question regarding the initial OGXT/GCD ratio being set at 0.32, please note the following.

Token holders are presented with two alternatives:

  • The option to execute a GTON to OGXT token swap at a ratio of 21/100, effectively receiving approximately 4.76 OGXT for each GTON. This arrangement was approved in the project's latest DAO proposal.

  • For those who wish to convert their GTON positions into liquid stablecoins, the team has offered a ratio of 1 GTON to 0.32 USD stablecoin (USDT, USDC, BUSD), which exceeds the price on decentralized exchanges (DEXes). This alternative serves as a replacement for the discontinued LP management following the community accepting the token swap proposal. The proposed OGXT/GCD ratio after the token swap is based on the final GTON price of $0.22 as determined by the market prior to the withdrawal of DEX liquidity, with an additional bonus built in. The bonus is the 0.10 GCD premium in genesis valuation for each OGXT token.

It is critical to recognize that the price of the token is subject to the unpredictable forces of the open market. Historical data shows that the price has fluctuated above and below the entry level for extended periods of time. In an open market, it remains the prerogative of each token holder to hold or dispose of tokens as they see fit. However, the project team would like to thank all backers who have remained steadfast in their support despite the opportunity to sell. The backers continue to strive to develop the ecosystem with the goal of optimizing the utility and usage of OGXT.

Nevertheless, for those seeking immediate liquidity, the option to exchange tokens at the last market determined price is available in addition to the above bonus value. This alternative is also available to those who are unable to proceed with Option 1 due to regulatory restrictions applicable to residents, citizens and corporations of the United States, as stated in the Legal Disclaimer of the GTON Capital project.

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Last updated 2 years ago