FAQ
General Overview
What is the token's purpose, and what problem does it solve?
GolfTokenX combines the golfing lifestyle with the potential of cryptocurrency, creating a token that rewards golf enthusiasts while promoting blockchain innovation.
How does the token fit into its ecosystem or platform?
GolfTokenX is the foundation of an integrated ecosystem that includes apps for rewards, food ordering, virtual gaming, and golf cart customization.
What makes this token unique compared to others in the market?
Its golf-focused narrative combines a shared passion for the sport with blockchain technology. Features like staking rewards, burning mechanisms, liquidity retention with every transaction, and locked liquidity set it apart.
Who is the target audience for the token?
Golf enthusiasts, crypto investors, and individuals seeking innovative rewards and experiences within the golfing world.
Utility
What are the use cases for the token?
GolfTokenX can be used for staking, payments within golf-related apps, earning rewards, accessing discounts, and engaging with unique experiences like tournaments and customization services.
Can the token be used for payments, staking, governance, or other functionalities?
Yes, it supports payments, staking rewards, and potential governance in future updates.
How does the token integrate into its apps, platforms, or services?
It integrates seamlessly across apps like Million Dollar Rewards, the Golf Cart App, Shwingerz, and Pimp My Buggy, enhancing the golfing lifestyle.
Are there any discounts, perks, or rewards for using the token?
Yes, users enjoy discounts, rewards, and early access to features when using GolfTokenX across the ecosystem.
Technology
On which blockchain is the token built?
GolfTokenX is built on the ERC-20 Ethereum Network, ensuring compatibility, security, and scalability.
Is the token compliant with standards like ERC-20 or BEP-20?
Yes, it follows the ERC-20 standard for compatibility and security.
Are there plans to migrate to a new blockchain or upgrade the technology?
The team is committed to staying at the forefront of blockchain innovation, with potential upgrades as needed. Plans are in place to list on Coin Market Cap and Binance after the local community in Algarve has benefited and is aware of the opportunity.
How secure is the smart contract, and has it been audited?
- Smart Contract Audit: On November 20, 2024, Terrance Nibbles, a certified auditor, audited the GolfTokenX smart contract.
- Preface: The audit covered the smart contract provided on November 18, 2024, utilizing manual reviews and automated tools to ensure security.
- Blockchain Details: The audited contract is deployed on the Ethereum blockchain and is available for public review: https://etherscan.io/token/0x899FCcaC447ee121f5cC66FD476dD729bB254977#code
This thorough audit underscores GolfTokenX’s commitment to transparency, trust, and robust security.
Token Distribution
Total Supply: 1 Billion Tokens
- Staking Rewards: 20% (200 Million Tokens) – Incentivizes long-term holding.
- Community & Airdrop: 5% (50 Million Tokens) – Builds a loyal community.
- Marketing & Partnerships: 10% (100 Million Tokens) – Drives global adoption.
- Presale: 30% (300 Million Tokens) – Funds development and liquidity.
- Liquidity: 30% (300 Million Tokens) – Ensures trading stability.
- Team: 5% (50 Million Tokens) – Supports core team operations.
Governance and Community
How is the community involved in the project?
- Local engagement in Algarve, a key golfing destination.
- Personalized crypto education sessions to promote adoption.
Are there staking rewards?
Yes, staking offers an additional 15% token annually, incentivizing long-term participation.
Market and Exchanges
Where can I buy and trade the token?
GolfTokenX will be available on:
- Uniswap: A decentralized exchange for secure token swaps.
- DEXTools: A platform for tracking trading activity, liquidity, and performance.
Are there plans for listing on other exchanges?
The team is actively exploring partnerships with centralized and decentralized exchanges to expand accessibility.
Roadmap and Vision
What are the future plans or milestones for the token?
- Expanding the app ecosystem.
- Partnering with golf organizations.
- Increasing global adoption.
How does the token align with the long-term goals of the project?
GolfTokenX aims to create a blockchain-driven golfing community, integrating a passion for golf with cutting-edge technology.
Legal and Compliance
How transparent is the project?
GolfTokenX’s smart contract is fully verified on Etherscan, allowing users to view transactions, interact with the smart contract, and review token approvals.
What measures ensure compliance?
The project follows best practices for blockchain transparency and user security.
Risks
What are the risks associated with the token?
- Market volatility.
- Regulatory challenges.
- Adoption hurdles.
How does the token plan to mitigate potential security risks?
The renounced contract, locked liquidity, and audits provide robust security measures.
What are the biggest challenges to the token’s success?
Achieving widespread adoption, maintaining token value, and building an engaged community.
Adoption
How will the token drive adoption among its target audience?
By offering real-world utility, rewards, and discounts, GolfTokenX appeals to golfers and crypto enthusiasts alike.
What marketing strategies are in place?
Strategies include community engagement, partnerships, and highlighting its unique narrative in golf and crypto spaces.
GolfTokenX is set to revolutionize the golfing world by combining blockchain innovation with the love of the game.