BODRUM, Turkey, August 7, 2024
When we talk about cryptocurrency, regulatory compliance is key to ensuring long-term success and trust. At GM Informatics JSC, we are proud to announce that GMCoin is aligning with the Markets in Crypto-Assets Regulation (MiCA), the European Union’s comprehensive regulatory framework for crypto-assets.
What is GMCoin?
GMCoin (GMC) is a utility token issued on the TRON blockchain, specifically designed to enhance business processes within GM Informatics JSC. It is integrated into our decentralized IT service platform, gmdestek.com, which currently operates exclusively in the Turkish market.
Key Features of GMCoin:
Utility Token: Used to tokenize business processes and workflows.
Rewards System: Professionals solving IT service requests are rewarded with GMCoin.
Revenue Sharing: Holders and stakers can earn a share of the platform’s revenue.
Referral Rewards: Individuals can earn GMCoin by referring companies and creating service requests.
GMCoin as an RBO Token
GMCoin is classified as a Real Business Operations (RBO) token. This means it is designed to support and enhance real-world business processes. The RBO classification highlights GMCoin’s role in streamlining operations, providing tangible rewards for services, and fostering efficient business workflows within GM Informatics JSC and the gmdestek.com platform.
MiCA Compliance: A Step-by-Step Approach
1. Purpose and Functionality
GMCoin is primarily a utility token used within the gmdestek.com platform. It enhances business processes, provides rewards for IT service professionals, and offers revenue-sharing opportunities for token holders and stakers.
2. Issuance and Distribution
GMCoin has a total supply of 80 million tokens, issued on the TRON blockchain without burning or minting capabilities. The ICO was completed in 2021, and GMCoin is currently listed on four cryptocurrency exchanges, where it can be bought with USDT.
3. Value and Stability
GMCoin’s value is not tied to any specific asset or currency. Instead, its stability is indirectly maintained through revenue generated by gmdestek.com. A portion of the revenue is injected into the order books of cryptocurrency exchanges, providing liquidity and supporting the token’s value.
4. Governance and Control
GMCoin operates under the TRON blockchain’s Delegated Proof of Stake (DPoS) consensus mechanism, ensuring a decentralized and secure governance structure.
5. Services and Interactions
GMCoin facilitates business processes within GM Informatics JSC and is maintained by smart contracts. It is publicly traded on cryptocurrency exchanges, allowing for transparent and efficient market interactions.
Ensuring Compliance with MiCA
At GM Informatics JSC, we are committed to adhering to MiCA’s principles of transparency, consumer protection, market integrity, and regulatory compliance. Here are the steps we are taking to ensure GMCoin’s full compliance:
Comprehensive White Paper: We maintain and regularly update a detailed white paper that covers the purpose, functionality, issuance, and distribution of GMCoin.
Consumer Protection Measures: We implement robust measures to protect consumers, including clear information disclosures and risk warnings.
Market Integrity: We ensure transparency in our market operations and comply with all relevant market abuse regulations.
Regulatory Reporting: We stay updated with MiCA’s reporting requirements and submit all necessary documentation to regulatory authorities in a timely manner.
Conclusion
GMCoin’s compliance with the Markets in Crypto-Assets Regulation (MiCA) marks a significant milestone in our commitment to regulatory standards and consumer trust. By adhering to MiCA, we are ensuring the sustainable and secure operation of GMCoin within the European Union’s regulatory environment.
Stay tuned for more updates as we continue to lead the way in regulatory compliance and innovation in the crypto-asset market.
