Introducing GS Pay: Phase 2

The wait is finally over! We are thrilled to introduce the highly-anticipated second phase of GS Pay.

This exciting development introduces new rules of participation while keeping all the benefits for GS Pay participants and the required number of tokens for tiers unchanged!

To ensure you are fully informed, read the article and familiarize yourself with all the essential details.

Now, let's delve into the specifics!

What is GS Pay, you ask?

GS Pay is the revolutionary system that propels you into the future of web3 payments. This cutting-edge product is powered by zero-knowledge-proof technology and unified premium assets called G-BUCKS.

It offers a range of benefits, including higher staking rewards, bonus AI Yield, airdrop multipliers, discounts, cashback, and exclusive deals.

Details of GS Pay: Phase 2

  • Spot limit: 888 across all tiers.

  • No hard cap for any specific tier.

  • First-come, first-served (FCFS) basis.

  • No whitelist phase.

  • Time limit for joining: You have 96 hours to join. The phase may end earlier if all 888 spots are taken.

  • Unbonding from SAS: Single Asset Staking has a 7-day unbonding period. With the start of GS Pay: Phase 2 in 10 days, you have 3 full days to unstake and prepare to join. You can also conveniently top-up $GSWIFT tokens in several places, including our website, SpartaDEX, Bybit, and MEXC.

  • Start date: February 2, 4 pm UTC / 5 pm CET

  • End date: February 6, 4 pm UTC/ 5 pm CET, or earlier if all 888 spots are filled.

How will it work?

The conditions for this phase differ from the previous one, which catered exclusively to early adopters of GS Pay.

Instead of a three-month token lock, a 90-day unbounding mechanism is now in place. During the 90-day unbounding period, starting when a user chooses to unsubscribe from GS Pay, rewards and benefits will not be accrued.

After unsubscribing, users have two options:

  1. Choose the immediate claim option: Users can claim their tokens anytime during the 90-day unbounding period but will need to pay a burning fee. The fee starts at 35% on the first day and decreases linearly to 0% by the 90th day.

  2. Claim the full amount after 90 days: Users can activate their claim after the 90-day unbounding period.

Users also have the option to return to their GS Pay subscription and regain the benefits as long as they haven't claimed their tokens. By choosing this action, the unbounding period will reset. If the user decides to unbound again, the 90-day countdown will restart.

Attention, Phase 1 Participants!

During Phase 1 of GS Pay, a lock period of 3 months was in effect. The Boost Phase marked the end of Phase 1, and no further contributions were allowed.

  • It's important to note that Phase 2 is a separate phase with a 90-day unbounding period.

You might be wondering why there are two distinct phases in GS Pay. Here's why:

• Our development is an ongoing process that constantly adapts to the needs of our users.

• The first phase represents an early stage, and we sincerely appreciate your participation. Your involvement is crucial to us. In the near future, the DAO will vote on airdrop distribution and $SPARTA tokens specifically for you.

• As pioneers, you will have priority in ordering the upcoming physical GameSwift card.

Benefit from Phase 1 and Phase 2 at the same time!

For example, let's say someone currently holds a bronze card in Phase 1 and intends to participate in Phase 2. In this case, the bronze card from Phase 1 will not carry over; instead, it will be treated as entering a new tier. Consequently, there may be a situation where a user has two bronze cards simultaneously and can enjoy the benefits of both of them at the same time.

Example: User X holds two GS PAY cards simultaneously, obtained from the first and second round:
• Bronze Tier
• Silver Tier

With both cards, User X enjoys the following benefits:

  • Higher staking rewards (bigger APY): 4% from the BRONZE tier and 5% from the SILVER tier.

  • AI Yield Bonus powered by GS-Force AI: 3% from the BRONZE tier and 6% from the SILVER tier.

  • Multiplied airdrops: +10% from the BRONZE tier and +20% from the SILVER tier.

  • Discounts on G-BUCKS: 10% (from the higher tier).

  • G-BUCKS cashback: 2% (from the higher tier).

  • Early access to exclusive deals (e.g., seed round sales): available for both tiers separately. After the 3-month lock-up period, everyone from Phase 1 will be able to seamlessly transition to Phase 2 and combine these two into one.

    The Benefits of GS Pay

    All the details are presented in the design, along with an accurate calculation that you can follow regularly.

  • In Alpha Mainnet:

    • Earn higher staking rewards (bigger APY)

    • Earn AI Yield Bonus powered by GS-Force AI

    • Receive multiplied airdrops

    • Enjoy discounts on G-BUCKS

    • Receive G-BUCKS cashback

    • Get early access to exclusive deals (e.g., seed round sales)

    In Mainnet stage:

    • Unlock a special crypto payment card for seamless payments

    • Earn cashback on all your debit card purchases

    • Achieve up to 10% on stablecoins through the partner RWA protocol

    GS Pay: The Solution That The Gaming Industry Has Been Waiting For

    Our technology simplifies monetizing and utilizing in-game assets in the real world, without the need for any blockchain expertise.

    Technology should empower users, not limit them, and that's exactly what we strive to accomplish by introducing GS Pay to the gaming community.

    The #GSArmy never settles; we always disrupt!

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