GoGonomics relate to the specific methodologies used for issuing rewards to owners of GoGo-RoBo's.
At the center of the GoGo economy is the "GoGo Gold" token. "GoGo Gold" will have the ticker "GoGo" and will be lauched on the Solana blockchain.
PoGo is a rewards methodology that seeks to compensate GoGo-RoBo owners irrespective of the quantity of completed deliveries. PoGo rewards all GoGo-RoBo's that transmit a message to our central server confirming that they are available for delivery if called upon. This message is transmitted 4 times per day at varying intervals and times. To qualify, the GoGo-Robo must be powered on, have at least 15% charge and not be attached to a charging unit.
Every 7 days, 3,000,000 GoGo will be minted to be distributed as PoGo rewards, the distribution structure is as follows:
3,000,000 / (48 * Number of Active GoGo's) = GoGo per PoGo. Each individual GoGo-Robo will then have their number of successful PoGo's multiplied by the GoGo per PoGo rate to calculate their reward.
Delivery fees are determined per each delivery made by a GoGo-Robo. The value of the fee depends on a number of internal factors such as distance, weight & demand. In most cases these fees are paid by the retailer/restaurant/shipper who requires the delivery. The fees accrue in the local currency denomination and 71% of the fee is deposited in the GoGo-RoBo owners account in a dollar conversion amount. Whilst these fees are likely paid in local currency, discounts will be offered for payment in GoGo token.
Every 7 days, the GoGo-RoBo owner can choose to swap their accrued delivery fees in to either GoGo token or in to USDC on Solana.
Where a GoGo-RoBo owner chooses to take their accrued fees in GoGo token, the conversion rate will be determined by the current market rate. The total amount of GoGo to be claimed will then be minted and distributed. The accrued fees will then reset to 0.
As the GoGo-RoBo requires training by the owner prior to deployment, there will be a one-off GoGo payment of 1,000 GOGO released to the owner wallet when their GoGo-RoBo reaches sufficient training as to be deployed. For the first 1,000 GoGo-RoBo owners this reward will be 10,000 GoGo.
There will be weekly and monthly rewards based on performance rankings of each GoGo-Robo. The performance will be based mainly on the number of completed deliveries and distance covered. Weekly rewards will be capped at 10,000 GoGo shared 50%/30%/20% between the top 3 weekly performers. Monthly rewards will be capped at 100,000 GoGo shared in the same breakdown as weekly rewards.
Team/Investor/Ecosystem Rewards
For every 3,000,000 PoGo GoGo rewards issued per week, a further 330,000 GoGo will be issued to the team/investor/ecosystem pool. All team and investor allocations will be held in a minimum 2 year vesting contract with a capped monthly release of 4% post-vesting. Any ecosystem funds unused 12 months after accrual will be burned from supply.
Every week GoGo-Robo owners can choose to redeem their delivery fee rewards in GoGo or in USDC. The total amount of rewards taken as GoGo will be calculated and an additional 12% will be minted and added to the team/investor/ecosystem reward pools on the same terms as referenced above.
5,000,000 GoGo will be allocated to an OTC pre-sale.
A GoGo bounty scheme is available for network participants who cause a retailer/foodie/distributor to sign up with us. Each referral will be rewarded with 1000 GoGo paid after the 3rd completed delivery using our network.
It is likely that GoGo token will operate on the Solana Devnet until late 2025/early 2026 at which point it will switch to mainnet. All accrued devnet tokens will be swapped 1:1 for mainnet.
GoGo token has no fixed supply.