The Good Tech Companies - Reimagining Web3 Safety: GoPlus Foundation Rolls Out $GPS Token

Episode Date: January 13, 2025

This story was originally published on HackerNoon at: https://hackernoon.com/reimagining-web3-safety-goplus-foundation-rolls-out-$gps-token. GoPlus Foundation unveils its $GPS token to strengthen Web3 security by decentralizing critical infrastructure and safeguarding blockchain transactions. Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #blockchain, #crypto, #goplus, #goplus-news, #announcement, #dlt, #good-company, and more. This story was written by: @ishanpandey. Learn more about this writer by checking @ishanpandey's about page, and for more stories, please visit hackernoon.com. GoPlus Foundation unveils its $GPS token to strengthen Web3 security by decentralizing critical infrastructure and safeguarding blockchain transactions worldwide.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Reimagining Web3 Safety. GoPlus Foundation Rolls Out Dollar GPS Token. By Ashan Pandey. Imagine a sprawling city where every front door needs a reliable lock. In the expanding world of blockchain, where every digital asset is a potential entry point, the GoPlus Foundation aims to deliver that lock. The GoPlus today announced its native utility token, DollarGPS, designed to unify and secure the GoPlus security network. This development marks GoPlus' evolution from a centralized service to a decentralized security infrastructure protecting transactions across diverse blockchain ecosystems.

The DollarGPS token underpins what GoPlus calls its secure universe, a network architecture focused on transaction safety. Through this new structure, the foundation seeks to encourage active community participation, allowing anyone to contribute security data and bolster the system's defenses. The foundation envisions a future where security becomes a common resource, accessible to users and developers on any chain. https colon slash slash eggs.com, by bit underscore official, status, 1 quintillion 878 quadrillion 743 trillion 820 billion 231 million 213 thousand 285, embeddable equals true the move represents GoPlus transformation from a centralized

service provider to a decentralized security network, a development that recalls the way expanding cities once required new defensive measures to safeguard their growing populations. In that same spirit, GoPlus aims to secure every transaction in a never-accelerating Web3 universe. Since its inception in 2020, GoPlus has processed more than 30 million security detection requests daily across 30 or more blockchains, protecting tens of billions of dollars in digital assets. Its services are trusted by leading wallets, decentralized exchanges, and diverse projects, with over 10,000 developers and protocols relying on Go Plus solutions. Observers note this trust is a foundation on which Go Plus can now build a fully decentralized model,

enabling broader participation in securing the network. The newly introduced GPS token underpins Go Plus' ambition to create a secure universe where every transaction is continuously protected. Individuals can use GPS for security service fees, while enterprises can access advanced security APIs by paying in the token. In addition, projects can tap into the safe token protocol for secure liquidity management, also settled in GPS. The token encourages active participation in maintaining the network, allowing contributors to stake GPS to operate security service nodes or provide security data. In return, they earn rewards for supporting the infrastructure. Early participants will have access to additional

incentives through staking and contribution programs that further align the interests of users and developers. The total supply of GPS is capped at 10 billion tokens. Go Plus Foundation has segmented the distribution as follows, 24.67% goes to community and development, 10% to ecosystem growth, 6% to marketing and growth, 10% to airdrops, 7% to liquidity, 3% to advisors, and 39.33% allocated to initial contributors and private investors. Officials at GoPlus regard this breakdown as essential to balancing the needs of the community at large with those of early backers, aiming for long-term value rather than short-term speculation. Building upon the widespread use of its existing services,

GoPlus now seeks to deepen its decentralized architecture. By embedding GPS as the cornerstone OFITS security network, the foundation aspires to align incentives across developers, node operators, and end-users. The organization believes this collaborative model will help tackle the ever-increasing challenges of safeguarding digital assets amid the rapid evolution of blockchain applications. Detailed information on the token generation event TGE, including timelines, participation mechanics, and extended product features, will be released in the near future. Industry participants emphasize that this development may mark a pivotal juncture in the realm of blockchain security, underscoring the growing demand for robust, user-focused defenses. GoPlus Foundation remains committed to providing a secure, inclusive ecosystem, a mission that gains momentum through the introduction of GPS.

GoPlus Foundation is a recognized leader in Web3 security. Its offerings cover all stages of on-chain transactions, aiming to protect users every step of the way. Services tailored for wallets, decentralized exchanges, DeFi protocols, and public blockchains represent the organization's broader strategy to establish a global safeguard network that any project or user can access. Don't forget to like and share the story. Tip Vested Interest Disclosure This author is an independent contributor publishing via our business blogging program. Hacker Noon has reviewed the report for quality, but the claims herein belong to the author. Hashtag D-Y-O-R. Thank you for listening

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