II.2 $gPHI Token
The $gPHI token is the governance token which is used by the community to determine in which protocol the treasury is invested.
- If you create a node of 100 $PHI you will receive 4 $gPHI;
- If you create a node of 50 $PHI you will receive 2 $gPHI;
- If you create a node of 25 $PHI you will receive 1 $gPHI;
- If you create a node of 1 $PHI you will receive 0.04 $gPHI.
In the event that the protocol has to create a new generation of nodes that will cost less $PHI token, the ratio of $gPHI given in regard to the different tier nodes will be kept.
For example: if the price of the 100 $PHI node is reduced to 75 $PHI, you will still receive 4 $gPHI; if the price of the 50 $PHI node is reduced to 37.5 $PHI, you will still receive 2 $gPHI and so on for the other tiers.
The governance token ($gPHI) cannot be sold, it’s a right given to you by the protocol forever.
Unlike other DeFI protocols, we do not believe that the concept of democracy and the right to vote can be equated with a traditional asset that can be bought and sold. Nor do we believe that a market price can define the value of this right.
This is the $gPHI token address you can add to your wallet:
$gPHI Contract: 0x4A0B49D360aCCBdcB007532B33e9fCfF6c2d5400