GG Dapp — Sprint Review #3
Spring is right around the corner and so is GG DApp’s third sprint review! Keeping up with our record, the month of March was full of new developments, intense price action, an important new partnership and our first CEX exchange listing. We also got very close to the launch of the first Beta version of Simthunder, our sim racing assets marketplace.
Let’s take it from the beginning!
Partnership with NULS
Having already important strategic partnerships with Polygon (previously Matic) and Cartesi in March we were happy to seal another one, a partnership with NULS and NERVE Network. For those not already familiar with NULS, they are an established player in the blockchain industry since 2017. Besides being an open-source, enterprise-grade, adaptive blockchain platform, NULS is one of the few protocols committed to building interoperable solutions.
Besides expanding our exposure within the NULS community and its associated partners, including OKEX and Binance, NULS adds another dimension to our crypto gaming ecosystem with its versatility to work across 5 different blockchains in Nerve. The partnership started with GG Dapp joining NULS Proof of Credit Mining (POCM) platform.
Proof of Credit Mining (POCM)
POCM is a Staked Coin Output (SCO) platform that enables the issuance and distribution of tokens on different blockchains. By minting a new GGTK token on the NULS Network, using its unique token standard (NRC20) enables the possibility of it to travel between 5 blcockhains, including Ethereum, BSC (Binance), Huobi ECO, Nuls and Nerve. NULS holders can also stake NULS and earn GGTK using NULS’ SCO program.
Nerve is a decentralized digital asset service network based on the NULS micro-services framework, which uses the NULS ChainBox to develop a blockchain cross-chain interaction protocol. The aim is to break the isolated blockchain value and establish a cross-chain asset exchange network to provide all the necessary underlying support for the Defi application ecosystem. Let every digital asset holder experiences a truly secure, free and transparent Defi application service.
Simthunder Beta 1.0 launch around the corner
In March the development focus was in SimThunder, our sim racing assets decentralised marketplace, that will enable sim racers to exchange sim racing items such as car setup files and skins, as well as NFTs that represent ownership of digital cars in private sim racing leagues, among others. This is one of the core features of the Simracer Coin project, one of the first integrations in GG Dapp.
We planed to release the initial Beta version of SimThunder until the end of March but, having still some parts to improve, we decided to update the launch date to April 7th.
Wild price action
While the team is focused on creating long term value and devotes its energy in building our ecosystem, even at this early stage the investor interest is very evident. The beginning of March saw GG Token surpass its previous all time high and reach a value of almost 1 dollar. At the same time the volume also exploded from a maximum of 10k on average to more than 4 million dollars that single day!
The team is looking forward to the completion of the strategic milestones we have set but at the same time, we are very excited to see the potential of the project being recognised!
The recent price surge was also accompanied by our listing on our first CEX exchange, Billaxy. Billaxy is a Hong Kong based service provider accessing e-currency and cryptocurrency exchange markets. Billaxy is convenient and advantageous platform for trade, exchange of various currencies, which can be used by both experienced traders as well as beginners.
If you want to buy our token you now have two options, either through Uniswap or through a traditional centralised exchange.
In addition to our listing in Billaxy, GGTK was also listed on Fera Platform. Fera is a token research platform that selects low-cap projects colloquially known as hidden gems, providing comprehensive reviews and ratings. They provide technical and fundamental analysis, fund management and short-term price predictions that help investors make informed decisions.
The intensity in developments and news for GG Dapp will continue in April so keep your seat belts tight!