Home Knowledge base Stake Gara

Gara

GARA is the token of our Coingarage exchange, designed to support the development of the exchange's ecosystem. This token was created with a fixed maximum supply of only 900 million units, and it cannot be increased. On the contrary, thanks to our burning mechanism, the number of GARA tokens will gradually decrease.

The primary use of GARA is to pay a variety of fees on the exchange. When used for fee payments, our users receive a 20% discount on those fees. Additionally, GARA serves as a form of reward for our users.


The GARA token burning mechanism. The goal is to reduce the total supply of GARA tokens over time to increase their value. Here's how it works: Burning continues until only 200 million GARA tokens remain (from the original 900 million). Each month, 20% of GARA tokens collected from fees will be burned. Token burning is a process where tokens are permanently removed from circulation, similar to stock buybacks in traditional finance, to reduce supply and potentially increase value.

The allocation of 900 million GARA tokens. The chart is a breakdown of how the tokens are distributed across various categories, with percentages and corresponding amounts in millions of GARA tokens






Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select at least one of the reasons
CAPTCHA verification is required.

Feedback sent

We appreciate your effort and will try to fix the article