GTA 6 FAN TOKEN White Papers

Decentralized trading algorithms grandthieftauto.club Dec 01, 2024 (v 2.0)

Abstract

Smart-contracts helped crypto-assets trading make a great step towards decentralization within the last few years. Currently crypto-assets trading flows to decentralized platforms because of safety reasons. The function is mostly based on trading against liquidity suppliers who play the role of market- makers. Each liquidity supplier can indicate a wide price range in which the exchange by trading pair will occur. So the spread becomes too big, which influences on the trading quality. We should also note functionality of such platforms which is limited only on instant asset exchange. Grandthieftauto sets the goal of expanding trading tools, as well as improving quality and convenience of decentralized trading. Development of new algorithms and improvement of available ones basing on smart-contracts will allow to achieve our goals. This document describes all the components of the algorithms and their working principles, as well as analysis of marketing component and current trends was given.

The Basic

Introduction

Smart-contracts are functions performed on decentralized infrastructure, such as blockchain. They are protected from hacking in the way that neither part (even their creator) can change their code or interfere with their performance. Smart contracts also guarantee performance of actions indicated in them, which binds all the parties to this agreement in accordance with its text, create new and powerful type of confidential relations which do not depend on trust to any party. As they are self-verified and self-performed (that is, protected from hacking as explained above), smart-contracts thus create a new powerful type of confidential relations. This way, smart-contracts give an incentive for developing technologies of safe interaction for multiple parties and are applicable in traiding niche. For a long time, crypto-assets trading on the basis of smart-contract algorithms was hardly feasible due to absence of experience of creation of complicated automated systems. Currently there are working algorithms whose function is automated exchange of crypto-assets, but still they are far from perfect due to di culties of algorithm building. Another important question is the circle of persons who will function as market-makers. Current situation in the trading nitch. In the current conditions, there are several types of market-makers. The first work with centralized markets. The second work with decentralized suppliers of trading services. The first ones and the second ones have a number of advantages and disadvantages. In the work with centralized markets, there is a question of ordinary users’ welfare, because market-makers in such markets pursue the goal of their own enrichment, and their actions may negatively impact on users due to absence of proper level of trust between these two parties. And on the contrary, in work with decentralized markets, where there is high level of trust between two parties due to use of smart-contracts, there is a problem with the service quality and absence of extensive tools presented in centralized markets.

Trading tools

Current situation in the trading niche

Trading process in centralized markets goes basing on order- book, that is, basing on the orders for crypto-asset purchase and sale inside centralized market issued by the users. Advantage of such trading algorithm is trading accuracy and high quality thanks to order-book. The minimum spread, possibility to view the supply depth and ongoing correlation with users’ mindset, possibility of opening the transaction without the user’s presence near their working place thanks to suspended order, using “credit shoulder” from the trading service supplier, and possibility of getting profit when the asset prices fall thanks to the function of opening short positions are advantages of this type of trading. Disadvantages of such markets are possibility for trading service supplier to influence on the market itself (because it is impossible to check the trading service supplier for jerrymander with trading pairs, price range and also due to possibility of blocking the user’s money without declaring the reasons). Another significant disadvantage is necessity to go through personality verification process for increase of transaction limits. In its turn, trading process in decentralized markets is distinguished by safety of work with trading service supplier due to use of smart-contracts for building the system of crypto-assets trading. Such trading system is safe (due to the above information about smart-contracts), does not require user verification, which means anonymity of the actions, which is the underlying factor in work with crypto- assets. Tools for earning in decentralized markets can be different. One of underlying tools is function of liquidity adding to any trading pair and possibility to earn on commissions charge during the trading this trading pair by other users. We should note availability of management tokens delegated between users and trading service suppliers as a reward for participation in the common trading process. The problem of this type of trading is absence of advantages implemented due to order-book function, as well as impossibility of working with borrowed funds and getting profit from opening transactions aimed to reduction of the asset cost.

New trends in trading

Current situation in the trading niche

In the current situation, users are worried about safe keeping of their assets and personal data, which encouraged the developers to create decentralized markets. Currently users want to use full scope of tools for increase of profit, as profit is the key factor (in evaluating trading service supplier) due to direct influence of trading quality, convenience and easiness on the amount of profit. Suppliers of decentralized trading services cannot consolidate their grip in the crypto-asset market due to absence of proper number of tools for extraction of profit. But, along with this, they could implement innovative functions which contribute to getting profit by user, such as liquidity adding, reward with management tokens and adding possibility of going through listing process with supplier of decentralized trading services by IDO method, which allowed such markets to find their target audience

Users’ position in the market

According to the above, users disagreed on what is more important: safety or extracted profit? This divides market and does not let it develop favourably. Development of the whole crypto-currency sector and involvement of new audience could be faster if users were granted with advantages of the two markets within one product. As crypto-asset market began to develop fast due to transaction anonymity and crypto-currency deflation, consequently, the trading should also be anonymous and safe, not only in respect of fund safe keeping by trading service suppliers, but also in respect of high manipulative capability of the market on the part of marketmakers. Thus, users need unified adequate and safe trading tools for everybody

Grandthieftauto as a method of problem solving

Objective of the project

According to the users’ wishes discussed above, we’ve made our conclusions about pursued objectives. The main goal of developed Grandthieftauto algorithms is creation of fully automated decentralized platform which functions basing on smart-contracts and provision of extensive tools for work with crypto-assets. Our goal is uniting advantages of currently functioning platforms of trading service suppliers, and providing the product which is closest to the perfect market parameters

Goals set by Grandthieftauto team

In order to achieve the above objectives, the following goals are set and ready to be performed: Development and launching of Grandthieftauto trading algorithms for rendering trading services to users through decentralized exchange (DEX). Delegation of GTA management tokens between developers and users (there are no commissions in Grandthieftauto trading algorithms. Instead, GTA token is distributed for the operation). Development of interconnection bridge with Polygon, for further possibility of implementing Order functional component. Realization of decentralized voting for changes implementing, where GTA management token is blocked counting the user’s vote. Implementation of short position function.

Mechanics of developed tools DEX creation: use of automatically performed protocols will allow to launch trading between users, and in the same time, not to control their assets. Use of order-book inside the chain will allow to record every transaction into blockchain, and use of Polygon network will allow to speed up the time of request processing. In the same time, request for purchase or sale will also be recorded into blockchain. Delegation of GTA management token will take place in proportion of 35% to 65% in favour of users. Users will be able to receive GTA management token for transaction processing, and when the token is submitted to staking. Application of Polygon network by building of the bridge will allow to process the operations faster and for smaller payment. By blocking management tokens in the pool, voting for making a change will be processed. Implementation of short positions opening through provision of assets from one or another trading pair by the exchange for selling them to users, in order to buy the asset at lower cost. The process will be performed by freezing the assets provided by the user proportionately to the cost of the used trading pair. The price difference will be provided to the user.

Ways of the technology application

Use of Grandthieftauto technology is applicable in the following directions: Use for asset exchange. Grandthieftauto does not charge commission from Users for transactions, but on the contrary rewards them. So Grandthieftauto will be a perfect solution for achieving this goal. Trading. Extensive Grandthieftauto tools allow to extract maximum profit due to marginal trade function and possibility of opening position in Short direction. Use for sending the assets to addresses not connected with Grandthieftauto. Transfer anonymity due to possibility of using mixers for certain asset classes. Getting rewarded for operations inside Grandthieftauto.

Social and commercial importance Provision of this trading instrument will allow users to complete the operations without any commissions (the commission is charged only by the networks through which the assets are sent), and on the contrary, to get rewarded for their operations. This way, we will increase our users’ purchasing capacity. We will provide essential tools to ensure anonymity of users and their assets, as well as everything they need for extracting maximum profit. In respect of profitability for Grandthieftauto partners, we are ready to realize their business proposals, where Grandthieftauto will encourage their partners (during going through listing) by delegating GTA management tokens, as well as conduct promo actions for them. Grandthieftauto will support IDO and help high-level projects in involving the audience and investments for further development.

Marketing plan Informing users about the development process and the current state of affairs in social networks.Daily publications describing the work done by the company.Informing about bounty campaigns and promotions.

Launch of the bounty campaign: includes the drawing of GTA tokens between users by performing tasks.

Publication on information resources such as Coinmarketcap, Coingecko, Feixiahao, Gitcoin, Bitcointalk and other global resources.

Passing of an independent security audit and an audit of the development team. Opening a presale of the GTA management token. On the existing arrangements, the passage of a listing on the exchanges with the index of the daily trading volume exceeding $500 million.

The listing is planned for the third quarter of 2022.

The funds raised in the company will be used exclusively to finance further development, advertising campaign and support of the team.

Play-to-Earn marketing

Becoming a member of the Grandthieftauto community is quite simple — just put on a mask

Recently, a new trend — Play2Earn — has appeared in the crypto industry. Its concept is to introduce a potential community to the cryptocurrency sphere through game adaptation, some projects use it as the main focus. In addition, P2E system can positively influence tokenomics of a cryptocurrency project in general through distribution of tokens among a large number of users.

Grandthieftauto Technologies will also use P2E to expand the community and attract new users to the product. It will make the idea of a project easy to understand.

Grandthieftauto uses the P2E extension on the o cial web resource Grandthieftauto.org . The process is based on the game mechanics that unfold around the Grandthieftauto avatar. The main goal is to upgrade your own avatar with items. The higher the level of your character, the more GTA coins it can get per day. The character level is upgraded by putting items on the avatar.

They come in different levels of rarity and have different characteristics. You can get them from special chests , which you can open for free for inviting another user to the game or for GTA tokens.

Each item has its price in matic , you can sell it or exchange it with other users. The items are stored in your cache, you can use items of the same level of rarity to craft an item of a higher level.

There is also a clan system in which you can join with other users. The higher the power of your clan, the higher you climb in the seasonal standings. The leading clans at the end of the season receive legendary items with superior characteristics, which cannot be obtained from the chests.

All items can be upgraded and improved for GTA tokens. Tokens for which the items are purchased and updates will be burnt. Burning will stop when the

aggregate supply of 1,000,000 GTA tokens is reached. By design, the P2E extension is used to build up the community and does not cause any changes to the overall allocation of tokens.

In a later transition to Proof-of-Stake, the issuance will be solely to reward the users who have sent GTA tokens to staking or participate in P2E.

As a result, Grandthieftauto will build up the community, spread the idea of decentralized finance, attract users to the Grandthieftauto trading platform, provide high liquidity to the token, and maximize the GTA control tokens distribution among ordinary users.

Token Info & Economics Max token supply: 10.0 M Circulating supply: 135000000 tokens Market cap: 90 000 000 $ Token type: BSC