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What is GHOAD (GHOAD)?

GHOAD is an AI-generated meme coin built on the Kaspa network, combining ghost and toad thematic elements into a single community-driven digital asset. GHOAD was deployed on the Kaspa network on June 30, 2024; CoinMarketCap lists its registry launch date as October 27, 2024 and its listing date as October 29, 2024. The project describes itself as the first OG toad on Kaspa. The project leverages Kaspa's blockDAG technology. The name combines "Ghost" — a homage to the GhostDAG protocol by Yonatan Sompolinsky, the founder of Kaspa — and "Toad," reflecting the token's turquoise hue. GHOAD uses the KRC20 token standard, which is an inscription-based integration model rather than traditional token mechanics. Total and maximum supply are fixed at 4,000,000,000 GHOAD. The project self-reports the full 4,000,000,000 as circulating, while CoinMarketCap's registry lists 0 in circulation. There are zero transaction taxes. The project emphasises community, creativity, and AI-driven innovation, aiming to redefine possibilities on the Kaspa network. A whitepaper, GHOAD WHITE PAPER v5, is publicly available and outlines the project's vision, tokenomics, and technical foundations.

Key Specifications & Tokenomics

• Name: GHOAD
• Ticker / Symbol: GHOAD
• Blockchain / Network: Kaspa network
• Token Standard: KRC20
• Launch Date: June 30, 2024 (deployment); CoinMarketCap registry: October 27, 2024
• Total Supply: 4,000,000,000 GHOAD
• Max Supply: 4,000,000,000 GHOAD
• Self-reported Circulating Supply: 4,000,000,000 GHOAD
• Transaction Tax: Zero
• Official Website: ghoadcoin.com (also referenced as GhoadCoin.xyz)
• Explorer: kas.fyi/token/krc20/GHOAD (also Explorer.kaspa.org)
• Whitepaper: GHOAD WHITE PAPER v5 (resources.cryptocompare.com/asset-management/16977/1726760388972.pdf)
• CoinMarketCap ID: 33692 (slug: ghoad)

The project describes its tokenomics as a "decentralized masterpiece", with a fixed supply of 4 billion tokens designed to ensure enhanced user experience and fair access. The fair launch model provided equal access to tokens for both the community and the team. GHOAD's inscription-based integration distinguishes it from traditional token mechanics, aligning with Kaspa's native infrastructure.

Who created GHOAD?

According to the GHOAD WHITE PAPER v5, the project is led by a Founder responsible for vision and strategy; the project was founded by Hunter in 2024. No further team details are published. The creation process involved artificial intelligence tools: Grok assisted in crafting the whitepaper and tokenomics and was utilized for intelligent technical writing and insightful content, while Midjourney contributed to the visual design. The whitepaper is described as thoughtfully crafted and guided by Grok's ingenuity.

How does GHOAD work?

GHOAD operates on the Kaspa network, leveraging its blockDAG architecture and the GhostDAG protocol for which the project is named. As a KRC20 token, GHOAD uses an inscription-based integration model rather than traditional smart contract mechanics. This means token operations are inscribed directly onto the Kaspa blockchain, following the KRC20 standard. The network's blockDAG structure allows for high throughput and scalability, which supports GHOAD's goal of providing a secure, scalable, and user-friendly digital asset. Transactions are processed with zero transaction taxes, meaning no additional fees are deducted from transfers beyond standard network costs. Total and maximum supply are fixed at 4,000,000,000 GHOAD. The project self-reports the full 4,000,000,000 as circulating, while CoinMarketCap's registry lists 0 in circulation.

What makes GHOAD unique and valuable?

GHOAD distinguishes itself through several characteristics. It is described as an AI-generated meme coin, with its whitepaper and tokenomics crafted with assistance from Grok and its visual design contributed by Midjourney. The project describes itself as the first OG toad on Kaspa. The project utilizes Kaspa's blockDAG technology. The name combines "Ghost" — a homage to the GhostDAG protocol by Yonatan Sompolinsky, the founder of Kaspa — and "Toad," reflecting the token's turquoise hue. Its inscription-based integration via the KRC20 standard represents a departure from traditional token mechanics. Additionally, GHOAD emphasises community-driven creativity, a fair launch with equal access for community and team, and zero transaction taxes. These elements combine to position GHOAD as a community-focused, AI-influenced experiment on the Kaspa network.

What is GHOAD used for?

GHOAD functions primarily as a meme token on the Kaspa network, designed for community engagement and creative expression. It can be transferred between users on the Kaspa network with zero transaction taxes. GHOAD is listed on price-tracking pages under symbols such as GHOAD-USD; these are price reference pages rather than confirmed active trading markets. As a KRC20 token, it is used within the Kaspa ecosystem for inscription-based transactions. The project's focus on community-driven creativity suggests GHOAD is intended for social and community activities, memes, and participation in the GHOAD ecosystem. The whitepaper outlines its role as a digital asset aiming to provide secure, scalable, and user-friendly functionality on Kaspa.

How Is the GHOAD ecosystem developing?

The GHOAD ecosystem is centred on the Kaspa network and its KRC20 token standard. Since its deployment on June 30, 2024, the project has been referenced across numerous price-tracking and market data platforms. GHOAD appears on several price-tracking sites, including CoinMarketCap (UCID 33692), CoinDesk, Crypto.com and CoinCodex; DropsTab notes a lack of accurate trading data, which it attributes to limited exchange liquidity or possible delisting. Official community channels are X (Twitter) at GhoadCoin, a Telegram group at t.me/Ghoad, and Discord. A community badge is available on CoinMarketCap, and the project maintains a presence in community sentiment feeds. A YouTube video titled "GHOAD - Combining the whimsical essence of a ghost and a toad" was published on September 5, 2024. The project's development appears focused on community growth and creative initiatives rather than a broad decentralized application ecosystem. DropsTab notes a lack of accurate trading data for GHOAD, which it attributes to limited exchange liquidity or possible delisting.

How to mine GHOAD?

GHOAD is not mineable. It is a KRC20 inscription token on Kaspa: tokens are created by inscribing the KRC20 standard onto the Kaspa blockchain, and the supply was fixed at 4,000,000,000 GHOAD at deployment with no minting mechanism. Kaspa's proof-of-work mining secures the underlying network but does not produce GHOAD. To obtain GHOAD, users transfer it on the Kaspa network or acquire it through venues where it is listed.

How to keep your GHOAD Coin safe?

Keeping GHOAD safe involves standard cryptocurrency security practices. Since GHOAD is a KRC20 token on the Kaspa network, users should store their tokens in wallets that support the KRC20 standard and the Kaspa blockchain. Always verify the official website at ghoadcoin.com and the official X account at GhoadCoin for accurate information. Use the official explorer at kas.fyi to verify transactions and token details. Enable two-factor authentication on any accounts associated with cryptocurrency activities, and never share private keys or seed phrases. Be cautious of phishing attempts and unofficial links, especially on social media platforms. As with all cryptocurrency investments, closely monitor market performance and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential. Consider using hardware wallets for long-term storage and keep software wallets updated to the latest versions.