As creator of the GLD coin I think it should fall upon me to do the weekly update as to what is going on with the GLD Coin.
But
First: What does it stand for:
G - Generate (income)
L - Live life (use income)
D - Develop community.
Second: Where is it used:
It is to be used as the coin in the #earnspendgive community. Weekly rewards for the community will be given in the GLD token to people who write on the post prompt.
Third: Where do I buy or sell it?
It is on the hive-engine exchange but typically it is easier to buy and sell using the tribaldex.com liquidity pool between GLD and Swap.Hive
Fourth: Why should I buy it?
You shouldn't. Right now it is a token in development. If you want to hold the coin simply post quality content in the #earn spend give community and you can get the coin free. You could buy it but as I said, this isn't the time.
Fifth: What is its end use case scenario?
That's complicated. However, it is intended to be a reward coin for the #earnspendgive community. In the future it will also be used to purchase items made available for sale in the community but community won't be doing "regular" buy and sell transactions it will be more like staking coin for real world goods. In addition the goal is to purchase enough BEE tokens to create NFT's and distribute GLD to NFT holders.
Current state of the coin:
Initial Value from Tribaldex : 100 GLD = .635 Hive
Last week 100GLD = 0.778 Hive
This week 100 GLD = .797 Hive an increase of 2.4% for the week (which would be 124% on annual basis...but that's just not going to happy 😄)
This weeks rewards
This week 600 GLD is to be distributed to the four authors in #earnspendgive
@rare-gem
@jjmusa2004
@monica-ene
and
@supernova004 (welcome to the crew)
Will each be receiving 150 GLD token each.
This weeks purchases.
@terganftp was awarded 18.946 Leo coins for his delegation to @leo.voter (unfortunately no won LEO from @baby-panda this week)
Those coins have been used to purchase 366 GLD coins for next weeks rewards to the #earnspendgive community.
Overall there are 40,000 tokens available
Of those ??> are currently available in the tribaldex.com liquidity pool. I was going to check the richlist and liquidity pool but both of them weren't working. Guess that will have to wait until next week :)