Price
$0.0181
11/30/2022, 8:50:44 PM
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Market

Market stats

Market cap

$59,852.35

Volume (24h)

$82,130.57

Circulating supply

3.3M GUM

All time high

$3.79

Price change (1h)

+0.66%

Price change (24h)

+0.86%

Price change (7d)

-1.96%

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Gourmet Galaxy is on the decline this week.

The price of Gourmet Galaxy has fallen by 1.96% in the past 7 days. The price increased by 0.86% in the last 24 hours. In just the past hour, the price grew by 0.66%. The current price is $0.0181 per GUM. Gourmet Galaxy is 99.52% below the all time high of $3.79.

The current circulating supply is 3,312,144.61 GUM.

About

What Is Gourmet Galaxy (GUM)?

Gourmet-Galaxy (GUM) is a  yield farming platform combining decentralized finance (DeFi) and non-fungible tokens (NFTs) in a gaming experience. This hybrid model aims to solve the problems that overshadow the yield farming platforms. Yield farming is a protocol that helps users to earn rewards in the form of transaction fees or tokens. In simple words, the network aims to develop a user-friendly, easy-to-use, high-value yield farming platform that is coming to a dead end due to its problems.

According to the whitepaper, the Gourmet Galaxy platform offers four main products with a single purpose to overcome the existing yield farming challenges. These products are GUM Swap, GUM Farming, GALAXY Markets, and NFTs Universe. The challenges include no intrinsic value for incentive tokens, unfriendly user experience, hyper-inflation, and impermanent loss. Thus, the Gourmet-Galaxy team seeks to solve these challenges in the following manner:

  • The platform seeks to encourage new users to come and earn currency by designing a blockchain-based game that is simple to play with addictive gameplay.

  • The platform aims to provide the token an intrinsic value by combining yield farming incentive tokens and non-fungible tokens (NFTs). This combination helps keep the token’s value relatively stable during poor market conditions.

  • The platform aims to create a well-designed tokenomics plan that can stop the “unstoppable" inflationary nature of incentive tokens.

GUM is the native ERC20 utility token of the platform built on top of the  Ethereum blockchain with the support of Polkadot. GUM is utilized as the primary incentive reward token. GUM is also used to gain access to the platform, play games, and make ecosystem governance decisions like deciding fees, future game features, and more. Furthermore, the Gourmet-Galaxy network also seeks to expand the ecosystem to be compatible with blockchains other than Ethereum.

History of Gourmet Galaxy (GUM)

Thomas Johnson is the founder of the Gourmet-Galaxy network. He serves as the CEO of the platform. The Gourmet-Galaxy team also includes Kayra St Ford serving as chief technical officer, Kunchok Tsomo as chief marketing officer, Blue OP as blockchain programmer, Pulkit Bhutani as senior engineer, and various other members.

GUM has a maximum total supply of 20,000,000 tokens.

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FAQ

What is the current price of Gourmet Galaxy?

The price of 1 Gourmet Galaxy currently costs $0.0181.

What is the market cap of Gourmet Galaxy?

The current market cap of Gourmet Galaxy is $59.85K. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Gourmet Galaxy?

The all-time high of Gourmet Galaxy is $3.79. This all-time high is highest price paid for Gourmet Galaxy since it was launched.

What is the 24 hour trading volume of Gourmet Galaxy?

Over the last 24 hours, the trading volume of Gourmet Galaxy is $82.13K.

What other assets are similar to Gourmet Galaxy?

Assets that have a similar market cap to Gourmet Galaxy include Paybswap, Rentberry, PKG Token, and many others. To see a full list, see our comparable market cap assets.

How many Gourmet Galaxy are there?

The current circulating supply of Gourmet Galaxy is 3.3 million.