2gether has taken a giant stride towards promoting the tokenized economy, as the platform announces the upcoming launch of its utility token on Uniswap, following an issuance campaign on Bounce. Bounce is a decentralized platform specializing in auction-style ICOs and NFTs. 2gether will be issuing 10 million 2GT tokens within seven days before the eventual issuance of its token on Uniswap in March, with 50 percent of the Ether (ETH) proceeds from the Bounce issuance dedicated to the 2GT/ETH liquidity pools on Uniswap.
2gether was founded in 2016 by Ramón Ferraz and other field veterans as a collaborative marketplace to bridge the gap between crypto users and traditional financial markets by enabling trading of cryptocurrency at fair prices, as well as the use of digital coins and tokens to perform the same functions historically offered by fiat.
“Over the last three years, 2gether has been working on increasing the utility of the 2GT token to further develop our Founder’s Plus Programme and beyond, while emphasizing compliance with the European Commission’s regulatory frameworks with the guidance of the crypto-specializing legal experts at Uría Menéndez’s Digital Law Group,” stated Ramon Ferraz, CEO of 2gether. “The crypto boom of the last few months has empowered the company to succeed in its token issuance mission, and the 2021 roadmap brings new initiatives and projects that will add new layers to the 2GT’s utility,” he continued.
The Emergence of The Blockchain Technology
Blockchain technology has undoubtedly disrupted the financial system over the years, as more individuals and businesses look to leverage its amazing features and benefits. Consequently, there has been a steady rise in the emergence of different crypto platforms and digital currencies to meet the diverse and growing needs of crypto enthusiasts. However, one company, 2gether, looks set to challenge the status quo in the industry by offering better accessibility and adherence to regulations to the crypto exchange world in Europe.
The Growth of 2gether In The Industry
2gether has grown in leaps and bounds in the past few years, currently operating in 22 countries with its number of users reaching 80,000 in early 2021. The growth of the company can be largely attributed to the referral program adopted by the “founders” of 2gether—users. The company has rewarded users with 2GT tokens, granting more than 20 million tokens so far.
Since the company’s official launch in 2018, over 50 percent of its users are designated founders for having more than €10 in 2GT. More than 27 million 2GT tokens, totaling €1.4 million, have so far been purchased on the platform in the last three years, with the company’s data showing an 83 percent rise in 2GT trading between December 2020 and January 2021.
In a similar vein, 2gether has been building 2GT’s utility for the last three years while putting the Founder Plus Programme at its core. Each level of membership has a range of unique incentives, with each member benefitting from the incentives by buying or earning 2GT tokens and holding them on the platform.
Plans For The 2GT Utility Token
In line with the company’s goal of promoting the tokenized economy and opening these benefits to as many people as possible, 2gether will be issuing its token on Uniswap using some of the proceeds from the Bounce issuance.
According to company executives, the purchase of 2GT token on 2gether’s platform in the last month has increased three-fold, exceeding expectations. As a result, the company will be placing all the full proceeds from the Bounce campaign into the 2GT/ETH pool on Uniswap to provide the initial liquidity.
Users who stake their 2GT/ETH in the Uniswap liquidity pool will receive a 0.3 percent yield. The move will also allow users to send their 2GT tokens to external wallets or deposit them.
Moreover, the company announced it will take all the 2GT demand generated in its own app to the secondary market in Uniswap, buying 2GT back or staking to provide liquidity to the pool.