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Blockchain technology at work

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 MAINNET

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.

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GMD
The Native Utility Coin

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 Nodes program for securing the network

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The Voting system for DAO governance purposes

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Account leasing in Staking purposes

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Token Bridge for GMD’s Multichain property

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E-commerce for COOP’s goods & services

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Invest in Coop Businesses & get GMD

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Invest in Coop Businesses & get GMD

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Invest in Coop Businesses & get GMD

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Invest in Coop Businesses & get GMD

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The Coop Network
Model

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.

Security

The Coop Network follows a number of fundamental principles in regards to security, a top-priority in PoS systems.

  • The difficulty value that’s stored in each block grows in a cumulative way from one block to another, allowing the network to reach consensus by choosing the one with the highest parameter.
  • Users must hold their tokens for 1440 blocks before being able to contribute to the block creation process, so they are discouraged to move their staked tokens between accounts as an attempt to manipulate forging probability.
  • Blocks cannot be submitted lower than 720 blocks behind the current height, which prevents an attacker from generating a chain from the genesis block.
  • Since it’s extremely unlikely that an attacker may take control over the network, transactions are considered safe once encrypted 10 blocks behind the current block height.
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Latest tech, applied

Blockchain technology is the ideal platform to manage a Cooperative in a secure and transparent way, creating a legal DAO.

Each step counts.

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.

2020
Next Steps
SEP
Q3

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.

2020
Next Steps
NOV
Q4

⤍ 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:

2021
Next Steps
MAY
Q2

Launching The Coop Network’s Utility Token: $GMD

2021
Next Steps
JUL
Q3

⤍ The Coop Network is listed on Bitmart.

2021
Next Steps
OCT
Q4

⤍ $GMD is listed on Bitmart, Bibox, Cointiger, Changelly & PRO, CoinMarketCap, CoinGecko, Coinpaprika, Nomics.
‍⤍ Launching the project’s Mainnet.

2021
Next Steps
DEC
Q4

Taking the first step towards decentralisation: 35M GMD burned out of the Safety Wallets.

2022
Next Steps
JAN
Q1

Introducing Staking on The Coop Network: hold STK for an up to 26.25% APY.

2022
Next Steps
FEB
Q1

⤍ 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.

2022
Next Steps
APR
Q2

Launching the alpha version of the Play-to-Earn CoopFarm game.

2022
Next Steps
MAY
Q2

Burning 4M GMD from buyback + 35M GMD from Safety wallets. Deflationary at its best.

2022
Next Steps
Q4

Launching Coop Farm, our Play-to-Earn game

2022
Next Steps

Finish our MVP version of the Coop Wallet

2022
Next Steps
2023
Next Steps

Launching Real-World NFTs

Get your Membership Card. This is your access key to the whole COOP ecosystem.

2023
Next Steps

Coop Wallet

Launching the app on mainnet, with multiple COOP businesses integrated and available for investment.

2023
Next Steps

Stakeholders Exchange

Trade Coop investment positions between members, safely backed by the co-op law.