GNFT PriceGNFTInactive

What is GNFT (GNFT)?

GNFT is the governance token for the indexes operated by nftindex.tech, specifically METAI, NFTI, and CMI. These indexes are digital asset products designed to track the performance of tokens within the Metaverse, the NFT industry, and broader cryptocurrency markets respectively. GNFT allows holders to participate in governance decisions that shape the direction and development of these indexes, giving the community a direct voice in key operational choices. The token operates on the Polygon Chain and is also associated with the Ethereum platform. GNFT has a fixed initial supply of 100,000 tokens, with zero tokens currently in circulation. The project launched in 2021 according to Yahoo Finance profile data, with a listed start date of March 25, 2022. It remains in an early stage, listed on CoinMarketCap as a preview page.

Key Specifications & Tokenomics

• Name: GNFT
• Ticker / Symbol: GNFT
• Blockchain / Platform: Polygon Chain; Ethereum platform
• Category: Governance Token, Index Token
• Total Supply: 100,000 GNFT
• Circulating Supply: 0 GNFT
• Initial Token Supply: Fixed at 100,000 GNFT
• Repurchase Mechanism: 50% of NFTI net income used for market repurchases and treasury refill
• Governance Utility: Token holders vote on index direction and development
• CertiK Rating: 3.0
• Official Website: https://nftindex.tech/gnft
• Twitter: https://twitter.com/PRO_BLOCKCHAIN
• Explorer: polygonscan.com
• CMC ID: 19066

Who created GNFT?

The publicly available references for GNFT do not disclose the identities of its founders or core team members. The project is associated with the nftindex.tech platform and maintains an official Twitter account under the handle PRO_BLOCKCHAIN. Detailed public information about the team structure and background is currently limited. The token is listed on CoinMarketCap under CMC ID 19066 and maintains a presence on multiple data aggregators including CoinGecko, Crypto.com, and Yahoo Finance. Prospective participants should note that team transparency is a common evaluation criterion for governance tokens and should conduct their own assessment.

How does GNFT work?

GNFT functions as a governance token within the nftindex.tech ecosystem, which comprises three distinct indexes: METAI, NFTI, and CMI. METAI tracks the performance of tokens within the Metaverse sector, NFTI monitors tokens in the NFT industry, and CMI follows broader cryptocurrency market tokens. Holders of GNFT can participate in governance decisions that influence the direction and development of these indexes. A key operational feature is the repurchase mechanism: 50% of NFTI's net income is used to buy GNFT from the market, and these repurchased tokens refill the GNFT treasury for further distribution and rewards. This structure aims to support the token's value while reinforcing its utility for holders. The token runs on the Polygon Chain, with references also indicating operation on the Ethereum platform.

What makes GNFT unique and valuable?

GNFT distinguishes itself through its direct association with a trio of specialised indexes covering the Metaverse, NFT, and broader crypto markets. This index-based approach offers a structured way to gain exposure to these dynamic sectors while participating in governance. The repurchase mechanism funded by 50% of NFTI net income creates a systematic link between index performance and token value support, with repurchased tokens refilling the treasury for rewards and distribution. GNFT also supports platforms and initiatives focused on interactive NFT (iNFT) and Metaverse projects, positioning it within emerging areas of digital asset innovation. Its governance model allows the holder community to influence key decisions, enhancing the democratic aspect of its operation. With a fixed supply of 100,000 tokens, the tokenomics are designed to be scarce and predictable.

What is GNFT used for?

The primary use of GNFT is governance. Token holders can vote on decisions that affect the METAI, NFTI, and CMI indexes, including their direction and development. This gives the community a formal role in shaping how these indexes evolve and operate. Additionally, GNFT supports the treasury system, where repurchased tokens are redistributed for rewards and further distribution, incentivising participation and holding. The token also serves as a link between the nftindex.tech platform and its community, enabling holders to engage with initiatives related to interactive NFTs and Metaverse projects. As the ecosystem develops, GNFT's utility is expected to expand alongside the indexes it governs.

How Is the GNFT ecosystem developing?

The GNFT ecosystem is centred on the nftindex.tech platform and its three indexes: METAI, NFTI, and CMI. These indexes are designed to track performance in the Metaverse, NFT, and crypto market sectors, providing structured exposure to these areas. The ecosystem also includes support for platforms and initiatives focused on interactive NFT (iNFT) and Metaverse projects, indicating a commitment to fostering innovation in these emerging fields. The repurchase mechanism, funded by 50% of NFTI net income, is a core part of the ecosystem's economic model, supporting the token's value and treasury. GNFT is listed on multiple data platforms including CoinMarketCap, Coinbase, Crypto.com, CoinGecko, and Yahoo Finance, with trading pairs available on Crypto.com in various fiat currencies. The project remains in an early stage, with zero circulating supply and a preview listing on CoinMarketCap.

How to mine GNFT?

GNFT is not a mineable cryptocurrency. It operates as a governance token on the Polygon Chain and Ethereum platform, with a fixed initial supply of 100,000 tokens. There is no mining mechanism, and no proof-of-work consensus is associated with the token. Instead, the token economy relies on a repurchase strategy funded by 50% of NFTI net income, which buys GNFT from the market and refills the treasury for distribution and rewards. Participants can potentially earn GNFT through ecosystem rewards and distributions as outlined by the platform, but the references do not specify a staking or mining programme. Those interested in acquiring GNFT should explore available trading markets and the official nftindex.tech platform for further details.

How to keep your GNFT Coin safe?

Securing GNFT tokens requires standard best practices for digital asset safety. Since GNFT operates on the Polygon Chain, use a reputable wallet that supports Polygon-based tokens and keep your private keys or seed phrase offline and confidential. Never share your seed phrase with anyone, and verify all transaction details before confirming. For long-term storage, consider a hardware wallet compatible with Polygon assets. Be cautious of phishing attempts and unofficial links; always access the official website at https://nftindex.tech/gnft and the official Twitter account for verified information. Before interacting with any smart contract or swapping service, confirm the contract address through official sources. As with any cryptocurrency, conduct thorough research and consider the evolving nature of the market before making investment decisions.