This week, the GMMT crypto asset will be listed on INDODAX. Open deposits will start on April 12, 2023, at 14:00 WIB, and available trading will start on April 13, 2023, at 14:00 WIB.
Giant Mammoth Chain works alongside the mainnet network, uses the Parlia consensus, and can be described as a Proof-of-Stakes Authority (POSA).
PoSA (Proof of Equity Authority) is a consensus algorithm that combines the advantages of DPoS (Proof of Equity) and Proof of Authority (PoA). Curious? Come on, read more here!
Data and Information
Giant Mammoth Chain aims to extend and reuse existing modules and easily modify existing contracts using a smart contract architecture with better architecture and security in mind.
An infrastructure that enables developers and node operators to build and run custom blockchains for large users with an internal value system, providing more flexibility and decentralization.
Mammoth’s main mission is to ensure that all project developers can deploy a blockchain with unique specifications and validator sets but still connected to the Mammoth infrastructure.
This is the criterion for building a simple yet functional blockchain project.
Developers and teams can create simple blockchains with their own business rules and economics.
Giant Mammoth Chain will share the data availability layer role of Giant Mammoth Chain with the IPFS-enabled file-coin network.
Because it is a modular blockchain that provides security to BSC and Ethereum, all nodes cannot continuously store their data due to massive transactions and data.
You can also continuously monitor Ethereum updates, increasing scalability while providing decentralization and high security with off-chain rollup solutions, EVM compatibility to improve data availability, and EIP-4844 – Danksharding.
Giant Mammoth Chain is updated by introducing a part of the Danksharding EIP-4884, which can be introduced first to the Giant Mammoth Chain. The modules provided are as follows:
1. Staking & Staking Pool
Supports on-chain staking systems and uses the Proof of Rights (PoSA) staking model.
This allows users to delegate tokens to specific validators and share their rewards based on the total stake amount.
2. Consensus PoSA & Staking
Users can stake to authorized validators in the Giant Mammoth Chain network and ensure the security of operations applied to the chain.
3. Blockchain & EVM
For block creation and execution of EVM transactions, Giant Mammoth Chain may define its runtime execution environment based on WebAssembly in the future, for example.
4. Web3 APIs
For NMC chain compatibility with the Web3 ecosystem, including MetaMask and other applications.
5. Improved Processing Time
The System smart contract allows you to change the existing byte code for the System smart contract.
This scheme is much simpler than a hard fork because not all validators need to upgrade nodes.
They distributed a voting system for managing the crypto blockchain and an implementation system.
GMMT Crypto Assets
The current CoinMarketCap ranking is #2667, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.
How to Buy GMMT Crypto Assets on INDODAX
Those who want to buy GMMT crypto assets can buy them on INDODAX starting April 13, 2023, at 14:00 WIB. Here’s how to buy it:
- You can register immediately for those of you who still need to become a member.
- After that, make a deposit.
- After your deposit and balance are entered, you can return to the INDODAX market.
- Look for GMMT on the IDR market, then click on it.
- After entering, you must buy by filling in your balance and at what price you want to buy GMMT. You can also buy it instantly or directly at the current price.
- After that, you need to wait for the price to increase for some time
- After the price increases, you can sell at a higher price with the instant method
- If you sell with the limit method, you can place an order after buying. Make sure you enter a higher number when selling.