Bitcoin News and Finance GoMeat Token – Empowering Local Specialty Stores Using Blockchain Skip to main content

GoMeat Token – Empowering Local Specialty Stores Using Blockchain

PRESS RELEASE. GoMeat Services (https://gomeat.io) is a digital marketplace connecting consumers with their local specialty (halal/kosher) stores. Since its launch in 2019, GoMeat has processed over 6k orders and garnered over 5k loyal users. GoMeat application and website bring convenience to the doorstep of specialty consumers by providing web-based ordering and same-day delivery options. GoMeat is the first project of its kind serving this $1.7 trillion industry and empowering local specialty stores.

Specialty meat refers to any meat prepared following strict guidelines. Any meat slaughtered and prepared according to Islamic principles is called Halal meanwhile the meat prepared according to Jewish guidelines is called Kosher. The same applies to foods and beverages.

While specialty meat certainly is a niche but it is a massive one with over 1.8 billion consumers around the world. These consumers are not just restricted to the Middle East as globalization and increased awareness about the hygienic preparation methods have made them quite popular in the past ten years thus leading to a $32+ billion market in North America alone. Despite the presence of over 10,000 specialty meat stores in the US alone, no dedicated delivery service has catered to this group until GoMeat’s launch in 2019.








Specialty Industry Problems GoMeat Solutions
 

Over 90% specialty stores do not have the resources to go digital
GoMeat provides stores with a tablet (no setup fee), extensive marketing, 12/7 customer support & delivery
 

Specialty food consumers have no dedicated delivery service
GoMeat provides fresh same-day delivery, 12/7 customer support, amazing discounts & loyalty program
 

Traditional Specialty meat certification has proven to be costly, inefficient, fraudulent and risky
In-app Blockchain-based certifications will keep stores, customers & certification boards notified about a store’s specialty verification
 

Traditional specialty meat supply chain has no traceability in case of contamination or outbreak
Blockchain-based distributed ledger will keep track of the meat from the farm to the store to ensure easy accountability and traceability


 

Buying meat from one’s local butcher may seem like a mundane chore but for a specialty consumer, it can mean looking forward to long lines and a chaotic in-store environment. Most of these stores are family-owned businesses that have been passed down through generations and do not possess the resources to go digital.

GoMeat’s whitepaper was written all the way back in 2017 and the goal was always blockchain centric but the company wanted to prove their business case first. After 3 years of learning in the market, GoMeat finally launched its pre-ICO on 24th of June which sold out 2 weeks early and reached the soft-cap target within a month.












Token Name GoMeat
Token Ticker GOMT
Chain Hydra Chain
Total Supply 5 Million
Tokens in ICO 1.75 Million
Price $1/GOMT
Soft-Cap $250k (already achieved)
Hard-Cap $1.5 Million
Cap/person 25k GOMT


 

Within 2 months of ICO launch, GoMeat has already sold over 50% of its total ICO supply, with less than 40k GOMT left for tier 1. GoMeat has a lot going for it, on top of an amazing team and experienced founders, the project is the first of its kind in the market with a limited supply and excellent burn economy. With the pre-ICO and tier 1 getting sold out, GoMeat is exploring launching IEO on exchanges for tier 2 and 3.

Salient Burn Features:

  • All unsold tokens will be burnt
  • 3% GoMeat revenue will be burnt starting with the quarter following ICO completion. “Meaty Bot” on GoMeat telegram reports the burn and order amount, within a span of over a month, it has already reported a burn of almost 800 GOMT

  • 4% revenue in 2022 and 5% in 2023 will be burnt quarterly
  • Upon hitting $3 Mil in annualized gross volume, an additional 3% will be burnt every quarter
  • An additional 3% will be burnt for every order paid using crypto


To reward early investors, GoMeat introduced tier-based bonuses







Tier Allocated Tokens Bonus Duration (2021)
Tier 1 750k GOMT 15% Bonus 25 Aug – 14 Sep
Tier 2 350k GOMT 10% Bonus 20 Days (TBD)
Tier 3 250k GOMT 5% Bonus 20 Days (TBD)


 

Hydra “Steaking”:

While GOMT itself cannot be staked but it does offer a lucrative staking incentive, exclusively for the ICO buyers. The reward amount is based on the amount invested and how long it has been invested.

STEP 1: Buy GOMT using Hydra

STEP 2: All collected Hydra gets staked in one wallet for a year

STEP 3: Staking rewards are proportionally distributed amongst the participants in the form of GOMT.

GoMeat Token is the first project of its kind and has an excellent burn economy and team working hard behind the scenes. Over 60% have sold out and less than a month is left for the end of the ICO. The best time to buy is now (https://gomeat.io/icopanel/) . Get your early bird bonus and earn additional GOMT through the referral program!

 




This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Comments

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl...

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju...

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and...

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r...
Blogarama - Blog Directory