GMD is primarily used for DeFi transactions and e-commerce, as well as investing and staking. Secondary functions include forging, node control, and the settling of gas fees. GMD is a deflationary and decentralized coin. 25% of the profits are used to buy back GMD and burn it, while 100k GMD is burned with each new node created and marked by the community. There were no private sales, seed sales, or pre-sales held prior to the public sale, as an anti crypto-whales measure. 50% of the total supply is permanently locked in five safety wallets to prevent 51% attacks.
GMD’s is a deflationary coin. The supply is capped at one 1 Billion, with a circulating supply of 220M.