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  • GUAC Guacamole

    $0.07339

    -1.33%

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    Frequently Asked Questions

    • Overview of Guacamole

      Guacamole is a Solana-based token with a community-oriented design and tokenomics. It started as a meme and evolved into a larger project.

      Key Features

      • Community Ownership: The creator wallet handed over all remaining tokens to the AvocaDAO, making Guacamole a fully community-owned project.
      • Fair Launch: Guacamole was launched without presales or insider allocations, ensuring a fair distribution of tokens.
      • Liquidity: 94% of all tokens were paired against $USDC in a Raydium pool on launch, providing underlying liquidity to the ecosystem.
      • Transparency: Token movements by the AvocaDAO are accompanied by transparency reports, explaining the amount and purpose of token transfers.

      Use Cases

      • Trading: Guacamole can be traded on various platforms, with a growing list of exchanges and integrations available.
      • Community Participation: The AvocaDAO allows for community governance, enabling users to participate in decision-making processes.
      • Third-Party Integrations: Guacamole can be used in a variety of third-party token integrations, expanding its utility beyond trading.

      Additional Information

      For more details on Guacamole's tokenomics and design, visit the project's website: https://docs.guacamole.gg/guacamole-guac/guac-token/tokenomics-design.

      Last Updated: 12/12/2024 02:06 UTC
    • Pros of Guacamole

      • User-Friendly Interface: Guacamole offers an intuitive and easy-to-use platform that mirrors the ease of web2 applications, making it accessible for newcomers to decentralized finance.
      • Diverse Ecosystem: It provides a vast ecosystem of Solana-based products, including an exchange interface, no-code developer tooling, and aggregated on-chain programs enhanced by gamification.
      • Engaging Features: Guacamole incorporates elements of play and community through features like social portfolio trackers, gamified rewards, and integrated e-commerce functionalities.
      • Community Support: Users have access to a network of peers and experts for guidance through their Solana DeFi journey.
      • Incentivized Learning: The platform offers structured paths and educational resources to help users navigate web3 concepts with confidence.
      • Permissionless Tools: Guacamole aims to make all tools in the "Earn" section permissionless, allowing users to create novel integrations for their communities.
      • Dynamic Vaults: Users can deposit assets into dynamic vaults that allocate to top-performing lending protocols, balancing high yields and risk protection.

      Cons of Guacamole

      • Complexity: Despite its user-friendly design, Guacamole operates within the complex world of web3 and DeFi, which can be challenging for some users to understand.
      • Dependence on Solana: The success and value of Guacamole are closely tied to the adoption and performance of the Solana blockchain.
      • Limited Information: Some features and integrations are still in development, and detailed information may not be readily available.
      • Token Supply: The large total supply of GUAC tokens (98.99 trillion) could potentially impact its value and market dynamics.
      Last Updated: 12/12/2024 02:07 UTC
    • Founders and Background

      The Guacamole project was founded by a team with extensive background in crypto and DeFi. The main development contributor, known as "Intern," has been involved in the crypto space since 2014, with experience in Bitcoin mining and Ethereum. The team's collective experience and insights into the crypto industry led to the creation of Guacamole as an experiment or thesis to address issues they identified in the industry.

      Key Points:

      • Founding Team: The founding team includes individuals with significant experience in crypto and DeFi.
      • Main Contributor: The main development contributor, "Intern," has a background in Bitcoin mining and Ethereum since 2014.
      • Project Concept: Guacamole was created as an experiment to address issues in the crypto industry based on the team's collective experience.
      Last Updated: 12/12/2024 02:07 UTC
    • Investors in Guacamole

      The information provided in the search results does not directly list the investors in Guacamole. However, it does provide details about a different project named "Guac" which is not related to the Guacamole crypto project. For accurate information on Guacamole investors, it is recommended to consult the official Guacamole website or documentation.

      Key Points:

      Additional Information:

      • Guacamole is a portfolio tracker and rewards marketplace that integrates various crypto-powered consumer applications.
      • It is built on the Solana blockchain and focuses on making web3 interactions more accessible and engaging.
      • The project emphasizes user-centric features and continuous innovation in AMM and DeFi.

      For specific details on investors, please refer to the official Guacamole resources.

      Last Updated: 12/12/2024 02:07 UTC
    • Understanding Guacamole as an Investment

      Guacamole is a portfolio tracker and rewards marketplace that integrates various crypto-powered consumer applications. It aims to enhance the user experience within the DeFi and blockchain ecosystem by offering a suite of products and features for trading, earning, playing, and exploring blockchain capabilities.

      Key Features and Considerations

      • User-Centric Design: Guacamole is built on user-centric features designed to facilitate seamless and intuitive engagement with the blockchain. It includes features like GUAC Swap for direct interaction with AMM and liquidity pools, mechanisms for earning through NFT staking, and plans for launching provably fair games.
      • Governance and Tokenomics: The GUAC token is the main governance token of the AvocaDAO and Guacamole ecosystem. It has a total supply of 99 trillion tokens, with 94% of all tokens paired against $USDC in a Raydium pool to ensure underlying liquidity and protect users and traders.
      • Community Ownership: The creator address has renounced ownership of the contract, making it a fully community-owned project. Token movements from the official AvocaDAO treasury wallet can only be initiated by a majority governance vote.
      • Innovation and Development: Guacamole is committed to continuous research and development in AMM and DeFi to improve both protocol and user-level interactions, ensuring it remains at the forefront of innovation.

      Investment Considerations

      • Project Purpose and Utility: Guacamole's focus on enhancing user experience and providing a variety of engagement avenues can be seen as a positive aspect for potential investors.
      • Token Distribution: The fair launch and lack of insider allocations can contribute to a healthier token ecosystem.
      • Community Involvement: The governance structure allows for community involvement in decision-making processes, which can be appealing to investors looking for projects with strong community backing.

      Ultimately, whether Guacamole is a good investment depends on individual perspectives and priorities. It is essential to consider the project's goals, features, and governance structure when making an investment decision.

      Last Updated: 12/12/2024 02:07 UTC
    • Halal Status of Cryptocurrencies

      The halal status of cryptocurrencies, including Guacamole, is a subject of ongoing debate among Islamic scholars. However, based on the criteria often used to determine if a cryptocurrency is halal, Guacamole can be considered halal.

      Criteria for Halal Cryptocurrencies

      • Property (Mall): Cryptocurrencies are treated as valuable assets among people.
      • Legal/Commercial Value (Mutaqawwam): They are accepted as a medium of exchange by a substantial group of people.
      • Currency: They serve as a unit of account and a measure of value.

      Given these criteria, many Islamic scholars and institutions, such as the Darul Uloom Zakariyya, have declared cryptocurrencies like Bitcoin halal. Therefore, by extension, Guacamole can be considered halal based on similar principles. Yes.

      Last Updated: 12/12/2024 02:07 UTC

    Description

    #2732

    Guacamole is a platform built on the Solana blockchain, designed to simplify interactions with digital economies through intuitive trading features, gamified experiences, and seamless tooling. The platform includes a variety of DeFi applications, social features, and NFT functionalities, enhancing user experience and participation.

    Sector: Meme
    Blockchain: Solana

    Market Data

    Rank: 2732
    Volume: 274K
    Marketcap: 3.4M
    Fully Diluted Value: 3.4M
    Circulating Supply: 100%
    5.2K 71/70
    387 43/43
    190 26/26
    88 56/56