GoCryptoMe Whitepaper V2.1

GoCryptoMe Whitepaper V2.1

The Rise of Crowdfunding and its Numerous Advantages

In the wake of the Covid 19 pandemic, the consequent economic recession and a wrath of forced redundancies, the global population has become even further disillusioned with long term employment by faceless corporations. The idealized concept of finding secure, permanent employment contracts from industry giants has been exposed as a myth, inspiring many enterprising individuals to chase their passions and launch their own businesses.

In the pursuit of entrepreneurial endeavors, the advantages of crowdfunding are evident. Thanks to this emerging industry, Startup teams now have unprecedented access to early support and resources that help them hit the ground running. However, the benefits of Crowdfunding are not limited to the business world alone.

Thousands of individuals and victims of circumstance have turned to crowdfunding platforms to help them raise funds for charitable causes. In a world where the cost of healthcare and other basic human rights are made prohibitively extortionate, many patients have been able to fund their surgeries and reclaim their livelihood thanks to the benevolence and kindness of willing donors.

Community groups that typically have reduced or limited access to funding also stand to benefit from the growth of adoption of crowdfunding platforms, particularly in situations of civil unrest. Human rights movements are often censored and denied access to resources by prevailing regimes.

Despite the best intentions of the global crowdfunding industry, the concept in its current model is fraught with issues that limit its effectiveness. Resolving these problems and unlocking the unrealized potential of crowdfunding is in the best interest of common good and the ongoing progress of our society.

Problems with Traditional Crowdfunding

Traditional crowdfunding platforms have assisted many startup founders attain traction and resources for their businesses, and have had an undeniable positive impact on charitable organizations and individuals needing financial assistance. However, the centralized nature of traditional crowdfunding platforms means that censorship and selective, biased campaign promotion are rife.

This inherently limits the immense benevolence and charity of goodwill that can be accomplished through these platforms. Individuals should have a right to support causes they believe in, or assist charities and community movements regardless of the surrounding social climate.

Existing crowdfunding platforms are vulnerable to censorship and the interception of funds by prevailing forces and centralized entities. For example, during the Canadian Trucker protests of early 2022, the Canadian Government was able to intercept funds and penalize supporters who contributed to the cause via GofundMe.

In another example, Kickstarter vetoed the creation of an independent film publishing the crimes of Dr Kermit Gosnell. The film went on to raise 2.4 million EUR through Indiegogo, an alternative platform, and became the platform’s most successful film project ever recorded.

Traditional crowdfunding platforms charge exploitative fees and leverage enormous profits off the benevolence and thoughtful wishes of individuals donating to a cause, or from visionary entrepreneurs who are trying to get their startups off the ground.

While posing as compassionate and progressive sites that aim only to support people, all existing crowdfunding platforms are lucrative enterprises of their own. Kickstarter, the most renowned platform in the industry, takes 5% of all funds raised as a service fee. By charging high fees and taking an extortionate percentage of all raised funds for their own pockets, incumbent platforms are exploiting the creativity of entrepreneurs and profiting off the kindness of donors to charitable causes.

Introducing GoCryptoMe - The Solution to Modern Crowdfunding Woes

The GoCryptoMe platform aims to address the outstanding issues that plague the global crowdfunding industry. By providing a fully decentralized platform, complete with low fees and transparent democratic governance procedures, GoCryptoMe is designed by the people, for the people.

Through the GoCryptoMe platform, contributors and donors have absolute freedom to support causes they believe in, without fear of centralized censorship or persecution and penalization based on their contributions.

Resolving these persisting problems completely disrupts and revolutionizes the traditional crowdfunding format. Bringing true transparency and censor-resistance to the crowdfunding field, the GoCryptoMe platform is free of bias and influence from centralized bodies.

Every crowdfunding campaign launched on the GoCryptoMe platform is transparently linked to a unique smart contract. Ownership of the smart contract in question is reserved solely for the campaign creator, meaning the campaign funds are only accessible by the owner. No centralized entity, not even GoCryptoMe, has access to the campaign’s funds. This further protects campaign owners from the commingling and misappropriation issues prevalent in centralized crowdfunding platforms, and also ensures continued access to funds if the platform itself were to become insolvent or discontinued.

Campaigns deemed to be egregious or controversial can be brought before the GoCryptoMe DAO, a decentralized and autonomous voting body that can democratically vote on the continuation of the campaign and its inclusion on the platform. This method provides a fair and impartial approach to censorship, and ensures the complete removal of bias in the censorship process.

Through GoCryptoMe’s low fees, Campaigns can also receive greater value from their fundraising effort. The GoCryptoMe platform has no profit targets or revenue objectives that would benefit a centralized owner. By reducing platform fees to the bare essentials, campaigners will have increased access to resources accrued from a successful campaign.

How Individuals, Charities, Businesses and Crypto Startups can Benefit from using GoCryptoMe

Any prospective donee, whether a charity, business or individual is finally able to raise funds for their campaigns in a way that is both transparent and completely decentralized. Through GoCryptoMe, there is zero risk of raised funds being intercepted or inhibited by centralized entities that might attempt to restrict or undermine the cause. Campaigners will also benefit from GCMEs low platform fees, allowing the business or individual greater resources to pursue their goals and objectives.

Cryptocurrency projects will receive enormous exposure to a wide pool of enterprising investors through the GoCryptoMe launchpad, which will in turn provide secure token presale opportunities allowing investors to support new projects and secure their investment before tokens are publically traded. This gives the average retail investor exposure to the field of venture capitalism, which until now was strictly reserved for established institutional funds.

How Contributors and Donors can Benefit from GoCryptoMe

Due to the anonymous nature of Web3 interactions and cryptocurrency payments, donors can freely support a cause or movement they believe in without fear of penalty or persecution from any centralized body. For example, a staffer employed by the Solicitor General in Ontario was fired after cyber hackers revealed she’d donated $100 to the Canadian Trucker Movement in February 2022.

By harnessing the transparency of blockchain technology, donors can be certain that their contributions are being transmitted to the correct address, with a significantly reduced risk of interception.

GoCryptoMe Products

Charitable Crowdfunding

One of the flagship products and primary utilities of the GoCryptoMe platform, Charitable Crowdfunding will give organizations the tools and exposure they need to effectively raise funds in a censorship resistant and decentralized environment.

Leveraging smart contract functionality, campaign owners can be assured that there is minimal risk of the misappropriation, commingling or interception of funds. The decentralized nature of the platform also protects the campaign from the jurisdiction of political influences and the threat of centralized bodies removing the campaign.

Startup Crowdfunding

Innovative startup founders will be able to securely and efficiently raise capital through the GoCryptoMe Startup Crowdfunding application. As with charitable crowdfunding, all campaigns are inherently censorship resistant. All funds are in the sole control of the campaign owner, while giving the business itself greater exposure to potential contributors.

Crypto-based startups will have the added benefit of being able to integrate further with the GoCryptoMe Launchpad and Decentralized Exchange. In doing so, nascent crypto projects can take advantage of the deep liquidity of the GoCryptoMe DEX and the professional tools provided by the launchpad, such as token creation.

The GoCryptoMe DEX

The GoCryptoMe Decentralized Exchange will be the primary marketplace for buying and selling cryptocurrency tokens launched through the GCME launchpad. Our Dex will provide a seamless trading experience, with a simplified user interface. The GCME DEX will strongly incentivize liquidity provision to ensure minimal slippage and price impact when trading.

With simplicity and convenience in mind, the GCME DEX will host two unique front end interfaces. An advanced terminal will be available for experienced cryptocurrency users familiar with standard principles of decentralized finance, however a beginner-friendly interface will help guide first-timers through the token exchange process in a helpful step-by-step guide.

As the global adoption of cryptocurrency continues to proliferate, GoCryptoMe’s objective is to assist absolute beginners donate to a cause or charitable campaign as seamlessly as possible. This means removing the complexity of concepts like contract addresses and price impact, and instead helping donors complete token exchanges in a highly familiar environment. Ultimately, our simplified platform will allow new users to get the assets they need without even being aware that they’re using Web3 services or decentralized finance.

The GoCryptoMe Launchpad

The GoCryptoMe Launchpad will provide the ultimate platform for both enterprising new crypto startups and visionary investors. Through our innovative launchpad, private token sales and organized presales will enable users to access a vast pool of emerging crypto projects before they are publicly traded, presenting unique investment opportunities.

Likewise, new projects will be able to present their inventive projects to an enormous pool of crypto investors, and effectively raise funds and bootstrap liquidity to rapidly advance the growth of their protocol.

The GoCryptoMe Launchpad will also facilitate new token creation and give users the ability to host a simplified Fair Launch of their token, providing a secure environment for token launch and giving nascent crypto projects the best possible start in the market.

GoCryptoMe Earn

The GoCryptoMe Staking platform is an exhaustive solution that allows GCME holders and investors to organically and passively grow their holdings. By leveraging smart contract technology, GCME stakers and liquidity providers will be able to view their staking rewards accumulate in real time.

GoCryptoMe’s industry-leading staking platform will provide a multitude of locked staking and yield farming pools that offer staking rewards and incentivized liquidity provision at generous and dynamic rates. Contributing tokens to staking pools with longer lock up periods yields higher rates of staking emissions to reward long term stakers.

To deepen the liquidity of the $GCME token market, GoCryptoMe Earn will provide generous yield farming rewards to incentivize liquidity provision. Having a diverse range of liquidity providers will help to further decentralize the ecosystem, establish a stable price floor and actively rewards $GCME holders who support the growth of the protocol.

This innovative approach aims to significantly reduce the supply of circulating GCME tokens on the market. Staking lock up periods actively work to establish a price floor that is further supported by the GCME token’s visionary buyback and burn mechanism.

Startup Crypto projects that launch using the GoCryptoMe Launchpad will also be able to distribute their own native tokens to GCME stakers via the GoCryptoMe staking platform. This brings increased utility and value to the GCME token, which can effectively be staked to earn a variety of different tokens that launch through the GoCryptoMe launchpad.

The GoCryptoMe Blog and Resource Center

The GocryptoMe platform aims to be a complete solution for decentralized crowdfunding and DeFi services not only for experienced crypto veterans, but for users who have never interacted with blockchain technology before. To assist with the onboarding process, the GoCryptoMe Resource Center will be a dedicated library of tutorials and guides demystifying the cryptocurrency industry.

Here new users will find answers to their questions and helpful guides on how to start using cryptocurrency. The GoCryptoMe Blog and Resource Centre will lower the barrier for entry into Web3, and drastically democratize the use of cryptocurrencies in familiar Web2 applications.

The GoCryptoMe Economy

While most traditional crowdfunding platforms charge fundraisers +5% service fees as a way of monetizing the platform, GoCryptoMe aims to democratize fundraising potential and provide campaign leaders with as much value as possible. As a result, the GoCryptoMe platform charges a mere 3% service fee, which is actively redistributed and used to further the growth of the protocol.

The GoCryptoMe ecosystem employs a sustainable revenue share model that directly benefits $GCME holders and investors while supporting the growth and scalability of the platform.

GoCryptoMe products, such as the crowdfunding platform, decentralized exchange and launchpad will collect ongoing platform fees. Throughout the lifespan of the GoCryptoMe Ecosystem, these fees will be committed to operational and development costs, with 25% of platform revenue being redistributed to investors and supporters via GoCryptoMe revenue share.  Revenue share will continue for the life of the platform or until all $GCME tokens are bought back from public circulation.

GoCryptoMe DAO

A percentage of fees collected by the platform will be used to fund the GoCryptoMe DAO treasury. The DAO serves a multitude of functions within the ecosystem. Primarily, these fees will be used to reward DAO members who vote in campaign removal votes and in development and governance proposals concerning the GoCryptoMe Platform.

The DAO treasury also functions as a community-driven investment and charity fund. DAO members are able to use the DAO treasury to invest in startups launched on the GoCryptoMe launchpad and support charitable campaigns on the GoCryptoMe Charity platform.

Profits made from DAO treasury investments will also be revenue shared with $GCME holders following the model described above.

Staking Rewards

A percentage of fees collected by the platform will be redistributed to $GCME stakers and liquidity providers via rewards pools hosted in the GoCryptoMe Earn platform. Boasting an intuitive and simplistic interface, GoCryptoMe Earn makes it easier than ever to stake tokens and provide liquidity to earn passive crypto rewards while supporting the growth of the ecosystem.

$GCME BuyBack and Burn Mechanism

A percentage of fees collected by the platform will be used to buy $GCME tokens directly off the public market. Repurchased tokens are automatically burnt and permanently removed from the total supply, effectively making $GCME a deflationary cryptocurrency.

This unique burn mechanism drives value to the $GCME token, by establishing a stable price floor and constantly reducing the circulating supply of $GCME. Through this sophisticated approach to value creation, $GCME tokens will be re-bought and burnt from the total supply in perpetuity until all $GCME tokens in public circulation have been burnt.

The Role of the GoCryptoMe DAO - Campaign Governance

Investors holding $GCME tokens are able to join the GoCryptoMe DAO and play a crucial role in the growth of a decentralized ecosystem. The DAO is responsible for democratically governing the inclusion and censorship of campaigns on the GCME platform.

All users of the GoCryptoMe crowdfunding platform will be able to flag certain campaigns they deem ‘inappropriate’. In the event of an individual campaign being flagged by 10 or more users, the campaign in question will be brought before the GoCryptoMe DAO to transparently gauge the integrity of the campaign. Given that the mission of the GoCryptoMe platform is to create a censorship resistant environment for crowdfunding campaigns to flourish in, this process remains the sole method in which a campaign can be removed. In this way, only campaigns that are democratically and collectively judged as being egregious can be removed.

By means of a democratic vote, the GoCryptoMe DAO will judge whether or not the campaign continues to run on the platform. A 55% vote in favor of the campaign's inclusion is required for the campaign to remain on the platform. Otherwise, the campaign in question will be dissolved, with contributed funds being returned to the original donor.

The $GCME Token

$GCME is the native token of the GoCryptoMe ecosystem. It provides a multitude of utilities within the protocol and a host of benefits for both holders and stakers alike. Holding a qualifying amount of $GCME also permits entry into the GoCryptoMe DAO, the governing body of the platform.

In traditional crowdfunding environments, all platform revenue is distributed to a minority group of owners operating as a centralized entity. These actors have complete control and censorship rights over every campaign listed on the platform, and can instantly remove campaigns they deem controversial or freeze raised funds.

GoCryptoMe aims to reimagine this imbalance through the distribution and utility of the $GCME token. Through the GoCryptoMe platform, it is the community of token holders and ecosystem supporters that directly benefit from platform revenue. Jurisdiction over what campaigns can be censored is managed by the many, not the few, through democratic votes. In this sense, GoCryptoMe acts as a truly decentralized entity designed by the people, for the people.

Driving further value to the token, $GCME holders and investors will also earn the right to participate in the exclusive presales of startup crypto projects launched through the GoCryptoMe Launchpad.

Tokenomics

Security

The security of GoCryptoMe users, whether they be campaigners, contributors and donors or DeFi enthusiasts using the GoCryptoMe decentralized exchange and launchpad facilities, is of paramount importance. For this reason, all GoCryptoMe contracts have been thoroughly audited by TechRate, one of the cryptocurrency industry’s most meticulous and rigorous smart contract security firms. This ensures all contracts deployed on the GoCryptoMe platform are watertight, and assures users that funds are secure and protected from prospective interception.

In the spirit of transparency, the results of these audits are readily available for the public to view and can be accessed on the GoCryptoMe Token site.

Integrated Chains & Compatibility

The GoCryptoMe platform is live and deployed on the Binance Smart Chain. With its miniscule gas fees, fast transactions and boasting over 1 million daily active users, the Binanace Smart Chain is the ideal blockchain to launch the GoCryptoMe platform and take advantage of its enormous network effect, which hosts over 200 million unique wallet addresses.

As the GoCryptoMe protocol continues to scale and expand, we will also be integrating greater network compatibility and operability by making the platform accessible on alternative chains such as Polygon, Avalanche, Fantom, Cronos, EVMOS and Ethereum. Expanding to this vast variety of blockchain networks will help to drive adoption and ensure that GoCryptoMe becomes the largest and most trustworthy decentralized crowdfunding in the world.

Exchanges and Listings

Currently, the GCME token is live and freely available to trade on the following networks and decentralized exchanges:

Binance Smart Chain - PancakeSwap, RadioShack

0x9528cCEb678B90dAf02cA5cA45622D5cBaF58A30

Ethereum Mainnet - Uniswap

0x9528cCEb678B90dAf02cA5cA45622D5cBaF58A30

For those who prefer to trade cryptocurrencies on a centralized exchange, GCME is currently listed on CoinTiger and LAToken, with plans to be listed on top tier exchanges in the near future.

The Decentralized Future of Crowdfunding

According to data provided by PitchBook, global crowdfunding metrics witnessed a 1,021% increase in volume from $8.61B in 2020 to $113.52B in 2021. The explosive growth of crowdfunding as a means of fundraising is showing no sign of slowing down, however in its current state, existing platforms are ill-equipped to facilitate transparent and reliable campaigns.

As long as traditional crowdfunding platforms are operated as centralized businesses focused more on generating profit than through assisting those in need, the integrity of the industry will be forever compromised. Censorship, fund interception, and fraud abound within the crowdfunding space, and extortionate platform fees aim to exploit the generosity of donors.

GoCryptoMe seeks to resolve these issues and provide a transparent, decentralized and censorship-resistant platform while bringing sustainable value to the GCME token. By reimagining the standards and expectations of the global crowdfunding industry, GoCryptoMe is ideally situated to pioneer a new paradigm of ethical integrity in the new age of the internet.

Site: https://gocryptome.io/

Blog: https://gocryptome.io/blogs/

Twitter: https://twitter.com/gocryptomeapp

Telegram: https://t.me/GoCryptoMe

Disclaimers

Licenses and approvals (if required) are not assured in all jurisdictions

GoCryptoMe intends to operate in full compliance with applicable laws and regulations and use its best endeavors to obtain any necessary licenses and approvals (if any). It is not possible to guarantee, and no person makes any representations, warranties or assurances, that any such licenses or approvals will be obtained within a particular timeframe or at all. Moreover, laws and regulations evolve so GoCryptoMe makes no guarantees, representations, or warranties that it will be able to obtain any necessary licenses or approvals that may be implemented in the future. Accordingly, GoCryptoMe may be required to restructure initiatives and activities described in this white paper or such services may be unavailable in all or certain respects in certain jurisdictions or may not be available at all.

No financial or investment advice

This whitepaper does not constitute any investment advice, financial advice, trading advice or recommendation by GoCryptoMe, its affiliates, or its respective officers, directors, managers, employees, agents, advisors or consultants on the merits of purchasing any $GCME tokens nor should it be relied upon in connection with any other contract or purchasing decision.

Not a sale of security

This whitepaper does not constitute a prospectus or financial service offering document and is not an offer to sell or solicitation of an offer to buy any security, investment products, regulated products or financial instruments in any jurisdiction.

No representations or warranties

No representations or warranties have been made to the recipient of this whitepaper or its advisers as to the accuracy or completeness of the information, statements, opinions or matters (express or implied) arising out of, contained in or derived from this whitepaper or any omission from this document or of any other written or oral information or opinions provided now or in the future to any interested party or their advisers. No representation or warranty is given as to the achievement or reasonableness of any plans, future projections or prospects, including with respect to the functioning or development of the GoCryptoMe or any applications thereof, and nothing in this document is or should be relied upon as a promise or representation as to the future. To the fullest extent possible, all liability for any loss or damage of whatsoever kind (whether foreseeable or not and whether or not GoCryptoMe has been advised of the possibility of such loss or damage) which may arise from any person acting on any information and opinions contained in this whitepaper or any information which is made available in connection with any further enquiries, notwithstanding any negligence, default or lack of care, is disclaimed.

Third party data

This whitepaper may contain data and references obtained from third party sources. Whilst the management believes that these data are accurate and reliable, they have not been subject to independent audit, verification, or analysis by any professional legal, accounting, engineering, or financial advisors. There is no assurance as to the accuracy, reliability or completeness of the data.

Translations

This whitepaper and related materials are issued in English. Any translation is for reference purposes only and is not certified by any person. No assurance can be made as to the accuracy and completeness of any translations. If there is any inconsistency between a translation and the English version of this whitepaper, the English version shall prevail.

Views of GoCryptoMe

The views and opinions expressed in this whitepaper are those of GoCryptoMe and do not reflect the official policy or position of any government, quasi-government, authority or public body (including but not limited to any regulatory body or self-regulatory body) in any jurisdiction. This whitepaper has not been reviewed by any regulatory authority.

Third party references

References in this whitepaper to specific companies, networks, protocols, technologies, and/or potential use cases are for illustrative purposes only. The use of any company and/or platform names and trademarks does not imply any affiliation with, or recommendation or endorsement of/by, any of those parties. All references to 'dollars', USD or '$' are references to the United States Dollars unless otherwise stated.

Graphics

All graphics included in this whitepaper are for illustrative purposes only. In particular, graphics with price references do not translate into actual pricing information.

Risk statements

Purchasing $GCME tokens or interacting with the GoCryptoMe platform involves substantial risk and may lead to a loss of a substantial or entire amount of the money involved. Prior to purchasing $GCME tokens or interacting with GoCryptoMe applications or protocols, you should carefully assess and take into account the risks, including those listed in any other documentation. A purchaser should not purchase $GCME tokens for speculative or investment purposes. Purchasers should only purchase $GCME tokens if they fully understand the nature of the $GCME token and accept the risks inherent to such tokens, their relevant applications and protocols, and the GoCryptoMe platform itself.

Cryptographic

tokens may be subject to expropriation and/or theft; hackers or other malicious groups or organizations may attempt to interfere with the $GCME token or GoCryptoMe platform or relevant applications or protocols in various ways, including malware attacks, denial of service attacks, consensus-based attacks, Sybil attacks, smurfing, and spoofing which may result in the loss of your cryptographic tokens or the loss of your ability to access or control your cryptographic tokens. In such event, there may be no remedy, and holders of cryptographic tokens are not guaranteed any remedy, refund, or compensation.

The regulatory status of cryptographic tokens and digital assets is currently unsettled, varies among jurisdictions and is subject to significant uncertainty. It is possible that in the future, certain laws, regulations, policies or rules relating to cryptographic tokens, digital assets, blockchain technology, or blockchain applications may be implemented which may directly or indirectly affect or restrict cryptographic token holders' right to acquire, own, hold, sell, convert, trade, or use cryptographic tokens.

The uncertainty in tax legislation relating to cryptographic tokens and digital assets may expose cryptographic token holders to tax consequences associated with the use or trading of cryptographic token.

Digital assets and related products and services carry significant risks. Potential purchasers should take into account all of the above and assess the nature of, and their own appetite for, relevant risks independently and consult their advisers before making any decisions.

Professional advice

You should consult a lawyer, accountant, tax professional and/or any other professional advisors as necessary prior to determining whether to purchase $GCME tokens or operate GoCryptoMe applications.

Caution Regarding Forward-Looking Statements

This whitepaper contains certain forward-looking statements regarding the business we operate that are based on the belief of GoCryptoMe as well as certain assumptions made by and information available to GoCryptoMe. We do not purport to make any statements with respect to the conduct or operations of any third parties whose actions (including commercial activity) may affect the GoCryptoMe platform and $GCME token. Forward-looking statements, by their nature, are subject to significant risks and uncertainties. Forward-looking statements may involve estimates and assumptions and are subject to risks, uncertainties and other factors beyond our control and prediction. Accordingly, these factors could cause actual results or outcomes that differ materially from those expressed in the forward-looking statements. Any forward-looking statement speaks only as of the date of which such statement is made, we undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events.