GC Ecosystem Overview and A Roadmap for 2022

GTON Capital
0x8c8b
December 14th, 2021

We’re presenting the GTON Capital roadmap, the first all-encompassing blueprint for the ecosystem development for the next year.

Introduction

This article sheds light on the present structure of the GTON CAPITAL (GC) project and the direction we are heading in the coming months, and provides an estimation of the optimal paths to take for the project in the future. This roadmap is submitted as a DAO proposal by the team of core contributors, which will be voted on by GTON holders. In the case of accepting this proposal, the core team will do their best to follow the roadmap to the letter.

Background

This year, we have tested and launched several products on top of Graviton core infrastructure: treasury farming, staking, LP farming, Relay Swap, as well as bridge & oracle infrastructure on Solana via SuSy. We noticed that those products were lacking traction and we attributed this issue to the fairly limited, as it turns out, concept of wrapped assets and bridges that they were based upon. This insight stems from both communicating with users/investors involved in Graviton and from the analysis of projects with similar narratives.

Our ultimate long-term aim has always been to build a top-10 project capable of shifting paradigms on top of a platform designed for sustainable growth. We envision a project that began in crypto, but can scale onto new “Blue Ocean” markets: metaverses, new digital economies, hybrid markets etc. We see the culmination of GTON Capital in becoming an independent ecosystem foundational to new Digital Capital Markets.

During the time of development, we saw that it is fairly easy to deliver a “low effort” fork of a successful Ethereum project on another EVM or non-EVM chain. However it seems that those kinds of projects are fairly limited in their ability to become an ecosystem for thousands of teams. One current analysis demonstrates that having a set of smart contracts on an independent blockchain is limiting, and it’s close to impossible to build a full-fledged ecosystem without building your own independent blockchain network. We hope to reflect these insights, at least preliminarily, in this new roadmap.

Organizational Structure

At GTON CAPITAL, we established a structure that seeks to achieve an optimal alignment of development, testing, launch and promotion of products in the GC ecosystem. The Core team is split into four units:

  • G21 - the head department that deals with operations, support, finances, legal issues, community and marketing.
  • GC - a key department for designing, engineering and developing main ecosystem products.
  • SUSY - an infrastructure department focused on R&D, DevRel, and the development of infrastructure-level services for GC: Oracles, Bridges, Blockchains.
  • NFT - a research and product-oriented department focused on finding opportunities and implementing integrations in NFT, GameFi, and Metaverse projects in the GC ecosystem.

Having a legal framework is crucial for listings, as well as community and developer engagement. To organize and maintain effective processes and to deal with payments for infrastructure, servers, IT resources, conference participation and listings, we have incorporated a company named G21 Capital in Dubai, UAE. This company owns IP (intellectual property), domains, creative assets, content and all resources for operational activities of GTON CAPITAL. The funds for maintaining this legal structure currently come from the Ops allocation. Subsequently we aim to shift the funding of the operations towards a DAO that generates revenue by bonding sales, with part of the funds directed towards operational activity.

The current legal framework with G21 Capital Marketing Management Corp. was established with the goal of receiving legal opinions about the tokens, maintaining listings, Integrations and other operations where it is nearly impossible to act as a DAO. The end goal is to establish a foundation or another legal entity which is suitable for long term goals and operations. A hybrid operation of DAO + Corp is necessary for the successful development of crypto projects, and we have been successfully building processes around this organizational structure. At a later point, we will outline the future agenda on how governance of GTON Capital as a DAO and Corp. will evolve in the coming years, with the focus on remaining a community-governed project*.*

High-Level Roadmap

GTON CAPITAL’s vision is to be a sustainable DeFi experiment with Pathway and DAO governance at its core, and DeFi products on top: DEXes, Farming, NFTs. In doing so, our plan is to start with a single chain and scale onto other networks to become blockchain-agnostic.

Despite the fact that GTON CAPITAL has been a multi-chain project from the very beginning, our own experience and the analysis of other projects shows that both the initial launch and the subsequent organic growth of products is possible only when initially the focus remains on a single chosen blockchain network, with a gradual release of thoroughly tested products onto other networks. Due to GC owning most of the infrastructure, as well as a large number of GTON users and holders on the Fantom network, it is reasonable to release all ecosystem products on Fantom first. Other reasons that influence our decision to bootstrap on Fantom are a strong relationship with FTM foundation and several partnerships with leading projects built on Fantom.

High-level roadmap
High-level roadmap

The next milestone describes the expansion of ecosystem products to other EVM and non-EVM platforms. The second chain to integrate is most likely going to be Binance Smart Chain, where we will initiate a scaling stage, targeting retail users. After the integration of BSC, connecting other EVM chains will be a routine procedure mostly consisting of DevOps work and marketing/PR support.

When it comes to the long-term building of ecosystems, we see two paths:

  1. Build a product with users and migrate it to a new chain: this is the expansion to new blockchains
  2. Build a chain and incentivize app creation on top of it.

Therefore, we propose, as one of the potential directions to take in Q3 2022, the development of an independent blockchain network (GCNet) and the launch of ecosystem products on top of it. In order to determine the details of the technology that this network will be built upon, it will be necessary to conduct extensive research and analyze all the strategic pros and cons. Most likely, GCNet will be an EVM-compatible implementation of a fast reliable blockchain (EVM-Substrate, EVM-Near or EVM-Solana).

The final stage is the activity of stimulating the development of new applications and services on GCNet, both through GC and SUSY, and by third-party developers and teams.

Detailed Roadmap

Let us describe in detail what products of the GC ecosystem are planned to be released. This roadmap that consists of ''steps'' (iterations) will be refined each quarter. Each step is two sprint iterations, that is, approximately two weeks, with six steps in each quarter.

There are two separate areas for GTON CAPITAL: GC and SUSY. Let us reiterate:

  • GC is a key department for designing, engineering and developing main ecosystem products.
  • SUSY is an infrastructure department focused on R&D, DevRel, and the development of infrastructure-level services for GC: Oracles, Bridges, Blockchains.**
    **
Detailed roadmap
Detailed roadmap

I. The first step is to release the three key product updates on the Fantom network for GTON:

  • Pathway v1
  • Bonding
  • Staking

Pathway is a protocol-operated liquidity management (POL) protocol that ensures that the exchange rate on DEXes is directly dependent on the fundamental indicators of project success (liquidity and token price). Pathway V1 only has an FloorPWPeg as its target, which is a floor parameter which the price cannot fall below for long time periods, as it will be leveled by resources from the treasury.

Pathway V2, in addition to offset price and liquidity, also takes into account the activity in GC products, which can be measured as volumes on OGS.

Bonding is the ability to sell GTON with vesting at discounted rates in order to generate revenue for the DAO. Based on this collected revenue, the fund established for the stable operation of Pathway will be replenished.

Staking is locking a token into governance in order to receive passive income and vote on protocol updates.

At this stage, SUSY DON (decentralized oracle network) serves as the data provider and infrastructure for Pathway and Bonding.

II. At the second step, we plan to release the two key ecosystem products:

  • OGS DEX
  • Candy

OGS is a decentralized exchange based on uniswapv2 with zero commission per trade and routing in AMM pools with GTON as the only market. $OGS is a reward token of the exchange for trading volumes.

Candy is a single sided liquidity farming product and is the second source of GTON and TVL liquidity growth on OGS DEX. $CANDY is a reward token with a pool to GTON, and is also a governance token of the Candy protocol. The IDO of this token on the OGS launchpad will occur at this step.

As mentioned previously in the Occam’s proposal, the new tokens of the Graviton ecosystem (Candy and OGS) are to become available in the form of IDO to GTON. For instance, during the IDO, $CANDY will be released into an AMM pool with GTON — $CANDY/$GTON, meaning that the only way to buy it initially will be to exchange $GTON to $CANDY.

Both the OGS and Candy products will work jointly to stimulate volume and liquidity generation for GTON. OGS starts as a zero-fee AMM, however the parameter for fees can be tweaked at a later stage by the DAO.

III. In the third step, we continue to expand the number of pools in Candy. The primary new product at this stage is the launch of SolvEx - a launchpad for NFT collections on the GTON market. SolvEx is essentially a uniswap for NFT collections implemented in the GC ecosystem.

IV. In this step, we expand the number of pools on OGS and Candy, launch an IDO of $OGS, and initiate a program to stimulate activity on OGS DEX.

V. In this step, Pathway V2 is launched. In addition to maintaining offset price and liquidity, it also takes into account the activity in protocol products, which can be measured as volume on OGS.

VI. The final stage, which connects all products and tokens of the ecosystem ($GTON, $OGS, $CANDY, $SOLVEX) while adding utility to them, is a stablecoin called GCDollar, which is planned to be based on MakerDAO or $MIM. $USG will be a stablecoin pegged to $1, $GSHARE will be a governance and recapitalization token of GCDollar, similar to $MKR.

The implementation of these steps that uses SUSY as core infrastructure, prepares us for the expansion onto other chains, as well as potentially developing an independent blockchain for GC.

Conclusion

This roadmap presents an overview of product strategies and solidifies a sequence of steps which will be taken by the GTON CAPITAL team and will be submitted as a DAO proposal to be voted on by GTON holders.

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