Using blockchain technology to facilitate the investment process into innovative businesses, The Coop Network is built by industry experts who understand the importance of decentralization in reaching the maximum potential of high-tech products. In bridging blockchain and off-chain business, the benefits range from increased transparency, security and process optimisation, to financial growth, social development and environmental support.
The Coop Network Blockchain is 100% Proof-of-Stake, 100% Eco-friendly and is a Fork of the first blockchain to rely entirely on a PoS distributed consensus algorithm under Jelurida License. The algorithm is not dependable on the token age concept and is not susceptible to the nothing-at-stake problem. In order to ensure both security and processing power, Curve25519 cryptography and SHA256 hashing algorithms are used.
Since launching in March 2021, The Coop Network mainnet reached the 700k blocks milestone with zero network malfunction or downtime, and is subject to ongoing development, with new products to be launched on the mainnet. Gas fees are as low as 1 GMD for most operations.
GMD is the native coin of The Coop Network and is based on a deflationary model. It’s also more decentralized, since there were no private sales, pre-sales or seed-sales prior to the public sale, as a measure against unfair players. GMD is used to interact with The Coop Network’s ecosystem and has several functions, from DeFi operations to e-commerce and more.
The Coop Network is based on the PoS model, where network security depends on peers staking their coins and running hallmarked nodes on the blockchain. PoS was developed to address some of the issues associated with PoW, such as high electricity consumption and centralization of mining power.
The Coop Network follows a number of fundamental principles in regards to security, a top-priority in PoS systems.
Blockchain technology is the ideal platform to manage a Cooperative in a secure and transparent way, creating a legal DAO.
A Decentralized Autonomous Organization is a self-running organization that is fully autonomous and transparent, managed by users through voting. DAOs are managed on the blockchain, through smart contracts. The cooperative is grounded in the offline world and represent the legal support for this digital platform, making it a legal DAO. Anyone can join as a member and contribute, whether through their expertise or financial investment. How? Through our DeFi App.
The gateway to the whole COOP ecosystem, from businesses investments and membership NFTs, to DeFi operations and staking. Use it to become a member, invest, vote, get involved in business development and the growing community, and build your income. You can invest in a certain business or the COOP itself and receive dividends at the end of the year.
Especially when committed to building a decentralised system where capital is distributed equitably, new technology is used wisely and the wellbeing of both the people and the earth is a priority.
Join the journey.
Taking the very first step. Geoma DAO Coop is registered with the EUID: C32/4/2020 and subject to LAW nr. 1/2005 on the organisation and functioning of co-operations.
⤍ introduce tokenized co-op shares as NFTs
⤍ use Blockchain Technology to improve & optimise business
⤍ use utility tokens within the Blockchain platform
⤍ onboarding new membersFirst members meeting, resulting in a number of adopted resolutions:
Launching The Coop Network’s Utility Token: $GMD
⤍ The Coop Network is listed on Bitmart.
⤍ $GMD is listed on Bitmart, Bibox, Cointiger, Changelly & PRO, CoinMarketCap, CoinGecko, Coinpaprika, Nomics.
⤍ Launching the project’s Mainnet.
Taking the first step towards decentralisation: 35M GMD burned out of the Safety Wallets.
Introducing Staking on The Coop Network: hold STK for an up to 26.25% APY.
⤍ Launching the NOD program: run a Node on The Coop Network for a 15% APY.
⤍ Partnering with Indacoin. Buy GMD easily with your VISA/Mastercard.
Launching the alpha version of the Play-to-Earn CoopFarm game.
Burning 4M GMD from buyback + 35M GMD from Safety wallets. Deflationary at its best.
Launching Coop Farm, our Play-to-Earn game
Finish our MVP version of the Coop Wallet
Launching Real-World NFTs
Get your Membership Card. This is your access key to the whole COOP ecosystem.
Launching the app on mainnet, with multiple COOP businesses integrated and available for investment.
Trade Coop investment positions between members, safely backed by the co-op law.