GoMeat (GOMT)

GoMeat (GOMT) Price

This cryptocurrency is not listed for trading or services on Gate.

$0.402433
-$0.001453(-0.36%)

Market Cap

$746.43K

24h High

$0.404837

24h Low

$0.402433

24h Turnover

$48.77

Total Supply

4.94M

Market Sentiment

Neutral

About GoMeat (GOMT)

GoMeat is a blockchain based online ordering and delivery services catering to $1.8 trillion global (halal+ Kosher) market, already in operations since 2019 in United States with 900+ stores operating in 26 States with 10,000+ orders processed todate, generating a gross volume of $320K+ in 2021. GoMeat is solving a real-life problem of everyday consumers of halal and kosher, offering them traceability and transparency of the meat, food and groceries leveraging Hydra blockchain. They have already proved the concept and are in the process of expansion in the United States and globally as per their roadmap. GOMT is a utility token offering enormous value proposition to all their stakeholders, such as customers (convenience and reliability) stores (digitalization, increase in revenues and operational efficiencies) and token holders (Trade GOMT or use it on the GoMeat platform to avail discounts on their purchases.)   Deflationary Tokenomics: GoMeat Token has an elaborate burning mechanism, increasing the token value with each burn. Key features are as follows: - 4% of the 2022 revenue is currently being burnt on a monthly basis (As of May 9, 16,378.473 GOMT have been burned already). - 5% of the 2023 revenue will be burnt on a quarterly basis. - Burning rate from 2024 onwards will be decided based on revenue amount, quarterly financial reports will be released to keep the community updated. - Once GoMeat hits $3 million in gross volume, then an additional 3% GoMeat revenue will be burnt every quarter. - Additional tokens for burning will be bought from exchanges if needed - Additional 3% will be burnt for every order placed using GOMT. GoMeat Blockchain Functions: GoMeat (GOMT) is a deflationary utility token with a limited supply of 5 million GOMT ever and about only 1.9 million GOMT in circulation. GoMeat Blockchain application will be based on the Hydra chain platform and will perform the following functions:    - Collect all certificat

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