Token Utility
About Token Utility
Last updated
About Token Utility
Last updated
The GTH (Gethar Token) is a fundamental element of the Gethar: Meet & Earn ecosystem, providing economic integrity and functionality. Built on the Stellar blockchain, GTH offers fast transactions, low fees, and flexibility, making it an essential tool for users, creators, and platform administrators alike. Below, we highlight the key functions of GTH, illustrating its multifaceted utility within the project.
GTH serves as the unified currency for all internal operations within the Gethar ecosystem, ensuring smooth and efficient interactions between participants.
Real-time Transactions: Thanks to Stellar, GTH allows for instant payments for services and assets within the platform—from purchasing virtual souvenirs to activating temporary bonuses.
Scalable Flexibility: The token works for both microtransactions (e.g., 10 GTH for access to an exclusive chat) and larger transactions (e.g., 1000 GTH for a rare NFT).Example: A room creator sets an entry fee of 50 GTH to attend a private party, and guests pay directly through the built-in wallet.
GTH functions as a rewarding mechanism, incentivizing users for their contributions to platform development and community engagement.
Activity in Rooms: Regular participation in meetings, event organization, or content creation is rewarded with GTH based on the level of engagement.
Social Support: Tokens are distributed for assisting other users, such as moderating meetings or onboarding newcomers.Example: A participant earns 25 GTH for helping set up a room for a new user or 100 GTH for winning the monthly Showcase competition.
Staking GTH offers users the chance to increase their influence and earn greater rewards, contributing to the platform's overall stability.
Dynamic Bonuses: Locking GTH provides access to exclusive features, such as higher token mining limits in rooms or early access to new events.
Synergy with NFTs: Staking combined with NFT ownership enhances rewards, for example, a legendary decoration adds a unique multiplier to staking rewards.Example: A user stakes 5000 GTH for 3 months and gains bonus access to the closed beta of a new platform feature.
GTH empowers token holders with the ability to participate in platform governance, making it a key component of decentralized decision-making.
Direct Influence: Token holders have the right to vote on key decisions, such as choosing the theme for the next NFT set or approving the budget for major updates.
Voting Weight: The amount of GTH in a wallet determines the voting power, encouraging users to accumulate and hold tokens.Example: A holder with 1000 GTH votes to implement a new reward system for active event organizers, influencing the platform’s development priorities.
GTH supports a sustainable economy through built-in burning mechanisms that stabilize its supply and increase value for holders.
Fee Burning: A fixed percentage of GTH used for payments (e.g., activating room bonuses) is burned and removed from circulation.
Deflationary Model: GTH is burned during certain actions (e.g., failed NFT upgrades or chest openings), reducing the overall supply and increasing scarcity.Example: Out of 200 GTH spent on an unsuccessful NFT upgrade, 150 GTH is burned, maintaining a balance between token issuance and supply reduction.
The utility of GTH lies in its ability to link various aspects of Gethar: Meet & Earn into a cohesive system. It serves as a payment method, incentive tool, staking asset, governance lever, and economic regulator. This multifunctionality makes GTH not just a utility token, but an asset that grows in value alongside the platform’s evolution. Thanks to its integration with Stellar, GTH provides users with a fast, efficient way to interact with the ecosystem, solidifying its position as a leader in the "meet-to-earn" space.
