The Galactic Reserve Codename: ATLANTIS — Tokenomics
Solare is an Interplanetary Reserve of assets, a global, decentralized custodian for your long term acquisitions
We pay you compound interest on your WBTC, ETH, renDOGE, and more to come ranging from 20% to 420% APR
You decide your lock-up period on the ATLANTIS vaults ranging from 6 months up to 27.3972 years (10K days) or multi-generation lockup (100–2000+ years)
The $GP token (Gold Pieces) can only be mined by locking up funds, the following chart represents the mining rewards over 2000 years, 50% of the funds will be mined in the first 100 years
What is the long term vision and why?
We aim to create the best way to earn passive income on your highly valued assets without you worrying about prices, volatility or any other nonsense.
The Galactic Reserve Project is the first Interplanetary Reserve that aims to create a solid way to manage assets long term without the need of a middle man.
Have you had thoughts about market instability? have you lost money before? does your government currency is highly unstable and you are looking for a hedge?, do you believe in BTC, ETH or any high-value asset long term? Do you dream for a way to make passive income without stress?.
This is exactly why we created the Galactic Reserve, a smart contract on the Ethereum network that aims mainly to eliminate instability in currencies, volatility and risk with the power of combining powerful financial services that we have used for decades called Certificates of Deposit locking assets like $ETH, $WBTC and $renDOGE etc.
A certificate of deposit is mainly a way to save money with an interest locking your funds for a determined amount of time in an exchange of interest.
Let’s say you deposit 1000 dlls and your bank offers 0.2% APR on that deposit.
The traditional financial world gives you extremely low APR’s due to the high difficulty of managing your assets.
In crypto is a completely different story.
The main goal of the Galactic Reserve Project is to increase the value of cryptocurrency assets at the same time provide you interest, reduce liquidity on markets, increasing demand, and increasing the value of the networks overall.
How do we achieve this?
The Galactic Reserve locks up funds such as $ETH, $WBTC, $renDOGE, and highly valued assets determined by the community in the future.
You can decide if you want to lockup your asset between a timeframe from 6 months up to 5 years.
If you decide to lock up your funds within the Galactic Reserve an average of 292% APR will be provided to you in $GP tokens which is the Galactic Reserve Token that will be distributed to stakers.
The $GP token has no initial supply and the only way to mine this token is locking funds on the Galactic Reserve Network.
What about centralization?
The Galactic Reserve doesn’t aim to be a centralized entity, instead, the popular vote is implemented to take decisions
The $SRG token (Solar System Reserve Governance Token) will be initially distributed for a stake on the project with the following distribution percentages.
10% Founders Rewards
90% Community mining
The development is ongoing and we are extremely excited to show you the final product, any more info about the launch feel free to contact us on:
Discord: https://discord.gg/T9A7nbFJ
Twitter: https://twitter.com/solarefinance
Github: https://github.com/solarefinance
