Tokenomics

OVERVIEW

Gora at its core aims to create a marketplace where participants can interact to buy and sell data-related products and services in a decentralized manner. Gora's economics is designed using a framework that aggregates the Tokenomics into three categories;
Market design, Mechanism design, and Token design.

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ECONOMICS DESIGN
FRAMEWORK

REWARDING FOR SECURING THE SYSTEM

Running a node, or delegating tokens to validators directly improves the security of the system, while simultaneously increasing capacity. Node Runners enjoy ecosystem rewards for powering the backbone of decentralized applications.

Estimate. See our Medium blog on Gora´s commission system for more info.  Click here

Stake:

Rewards:

Slide to see your rewards based on stake

TOKEN UTILITY

$GORA Token is designed such that it allows the holder to take part in important decisions, stake in Gora, take part as a node runner, pay for data/computation as a consumer and obtain value from the network effects of increasing usage of Gora.

Purchase of data and computational power
Customers use the $GORA Token to purchase services such as:      
  • Arbitrary data ( e.g. VRF number, or an API Call )
  • Computational Power
  • Subscription Services
Participating in Consensus
Validators fetch data from the Gora system to ensure data is accurate. Each time a node runner participated in consensus, they are rewarded in $GORA Token.
Delegating Votes
For community members who do not want to run nodes they may still delegate their tokens to staking providers, such as one of our many partners validatrium. The Gora system has built-in support for delegating votes without handling over tokens to the staking providers.
Governance
Each quarter there is a governance period where the community will be able to vote on changes to the protocol. To participate in governance, community members must take a certain amount of tokens for the entire governance period. Each token allows for one vote on each proposal.

TOKEN DISTRIBUTION

30% for Ecosystem Rewards (for performing platform activities).
A large chunk is reserved for rewarding platform activities. Given our understanding of how crucial Gora's services will be for the wider blockchain ecosystem, it will be necessary to have the ability to access a portion of tokens that can be utilized for rewarding platform activities. We also believe that reserving such a large chunk of the token supply for this breeds confidence in Gora from our community members.

10% reserved for Ecosystem Development
This is for incentivising development and usage of Gora with grants and hackathons.
12% held by Treasury for long-term operational expenses
Expansion of Gora will require a larger team to handle large number of tasks and software improvements to keep Gora competitive. 12% provides ample space to cover Gora while keeping true to its' future objective of becoming fully decentralized.
15% held by Team, Recruitment and Advisors
 It is vital to have long-term commitments from the highly skilled team members, and for recruiting future talent. Advisors provide valuable insights/expertise which Gora may not have access to internally.
2% Adoption Incentives
Adoption incentives has been created to aid the search for network effects for Gora. This will be done by rewarding early adopters with varying APY depending on when a node runner has begun staking and remains staked for a period of 3 months.
6% for Marketing and Partnerships
In order to achieve network effects, it is essential that the wider blockchain/web3 community are aware of Gora's existence and its' capabilities. 6% grants Gora the ability to market towards a variety of segments within the larger community.
7%  for Early participant Purchase

This is an amount allocated to Node runners pre-public launch to provide them with the tokens ahead of launch for preparation.
2% for Liquidity
It is necessary that tokens are continuously available to Gora participants when they require it. Marketmakers will provide market making facilities.
12% for Investors
Investors brought much needed funding to Gora in its' early stages which was used for developing a strong team and marketing. Finding the sweet spot between getting enough funding and not handing out too many tokens to investors which will lead to centralization is difficult but we believe 12% is close to achieving a middle ground between the two. A cliff period has been applied in order to reduce percentage owned in terms of circulating supply.
4% Future Sales
As Gora grows into the future, 4% will be reserved for future fundraising rounds. Raising further capital in series A and beyond will secure the future of Gora's success.
TOKENOMICS
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