THE WHITEPAPER
GME utilizes a two token model, Wisdom ($WIS) will be used by members and users as the payment token for services and products on the GME platform, while Learning ($LRN) will be used for platform access & governance of the DAO.
$WIS will only be available to be redeemed for US currency by qualified service providers on the GME platform, who will have to be verified by KYC. This mechanism is designed to prevent abuse, and $WIS should be seen more as a loyalty token that is only valuable inside GME platform. $WIS will have minting and burning functionality with a 1% wallet to wallet transfer tax. All the above are meant to ensure the price stability of USD$1 for every $1 of US currency. GME will maintain a treasury that is collateralized with US currency to ensure all service providers can cash out the payment for their services.
$LRN will have a fixed supply of 10 billion tokens, and will be burnable and contain a 3% wallet to wallet transfer tax. The tax is meant to make it costly for nefarious bots to operate profitably, preventing them from taking advantage of the GME community.
GME will actively manage a treasury that is partially-collateralized to the in-circulation value of $LRN on the market, which is to reduce volatility to ensure users have a smooth experience and are not taken advantage by speculators. However, at the core of GME platform, $LRN serves as an access and governance token, as well as being used as compensation to contributors to the success of GME.
$LRN and $WIS can be staked (tokens locked for a certain amount of time) to allow fluid liquidity exchange between buyers and sellers. Stakers will then be compensated from this service through the transaction fees collected.
Also, please note that it is impossible to fully predict the future, so any of the content
in this whitepaper may be subject to changes to adapt to the changing market
conditions.