Research Report | GoPlus Project Detailed Explanation & GPS Market Value Analysis
西格玛学长2025/01/16 06:33
By:西格玛学长
I. Project introduction
GoPlus Network is a Modularization infrastructure that provides security for Web3 users. It is called Decentralized 360 and focuses on providing protection and support throughout the entire process of user transactions. It can seamlessly connect to multiple public chains, relying on decentralized security networks and artificial intelligence technology to help users identify and avoid latent risks.
Currently, the daily call volume of its Token security detection API has reached 21 million times, and the security coverage has expanded to more than 30 blockchain networks. In terms of end user protection, GoPlus' security platform has served more than 12 million wallet users, detected and marked more than 800,000 malicious assets, effectively preventing potential huge losses. Since its launch in March 2024, its personal security platform SecWareX has quickly gained market recognition, attracting 1.80 million independent IP users in just two months, with 68,000 paying users, and its influence should not be underestimated.
II. Project highlights
1. Full-cycle security protection, user transactions are worry-free
GoPlus Network provides full-process protection from pre-transaction to post-transaction, ensuring users are secure at every step through unique Modularization design. Its token security detection API has been widely adopted by more than 30 blockchain networks, with over 21 million calls per day, becoming a trusted security tool for many users. This coverage and service strength make users feel more at ease no matter which chain they operate on.
2. An open and collaborative security ecosystem that attracts developers to build together
GoPlus' SecWare ecosystem not only provides a variety of security services (such as anti-fraud, anti-phishing, and anti-MEV), but also allows developers to register their own security services and provide incentives for high-quality services through revenue sharing mechanisms. So far, the SecWareX platform has protected more than 12 million users. Its unique open mechanism allows more developers and security experts to join the ecosystem and jointly improve users' security experience.
3. Sensorless integration promotes the popularization of Web3 security services
GoPlus embeds security capabilities into dApps, wallets, and blockchain through the User Security Module (USM), allowing users to enjoy comprehensive security without additional operations. USM provides real-time threat analysis and protection at every step of the transaction. With the launch of the secure RPC service SecNet, GoPlus is gradually covering more Web3 application scenarios, creating a secure and convenient encrypted journey for users.
III. Market value expectations
GoPlus Network's token $GPS currently has a total of 10 billion tokens, with a release rate of 11.13% (i.e. 1.113 billion tokens) during TGE. The current unit price and market value have not been disclosed. Referring to benchmark projects such as the blockchain Shentu Chain ($CTK) for security, PolySwarm ($NCT) for incentivizing security experts to detect and analyze malicious software, and the market performance of the AI smart contract audit platform 0x0 ($0x0), $GPS has great potential for development. In particular, the large-scale adoption of its Web3 secure Modularization infrastructure and the large user base it has accumulated (21 million daily API calls, 12 million end users) provide a solid foundation for its market value growth.
IV. Economic model
Total GPS supply: 10 billion
TGE (first token publish) release ratio:
11.13% of the total supply (1.113 billion) will be released at TGE.
Token allocation is as follows:
Seed Round (4.00%): TGE without release, unlocked after 6 months, 1% released at 7 months, 5% released cumulatively at 10 months, locked for 6 months, and the remaining part is linearly released within 36 months.
Angel Round (2.40%): TGE without release, unlocked after 6 months, 1% released at 7 months, 5% released cumulatively at 9 months, locked for 5 months, and the remaining part is linearly released within 36 months.
Private Round I (2.75%): TGE without release, unlocked after 6 months, 1% released after 7 months, 5% released after 8 months, locked for 4 months, and the remaining part is linearly released within 36 months.
Private Round II (5.33%): TGE without release, unlocked after 6 months, 1% released at 7 months, 5% released cumulatively at 7 months, locked for 3 months, and the remaining part is linearly released within 36 months.
Private Round II + (1.85%): TGE without release, unlocked after 6 months, 1% released at 7 months, 5% released cumulatively at 7 months, locked for 3 months, and the remaining part is linearly released within 36 months.
Private Round III (3.00%): TGE without release, unlocked after 6 months, 1% released at 7 months, 5% released cumulatively at 7 months, locked for 3 months, and the remaining part is linearly released within 36 months.
Advisors (3.00%): TGE has no release, with a cumulative release of 5% after 7 months, locked for another 6 months, and the remaining part will be linearly released within 36 months.
Marketing (6.00%): TGE released 0.167%.
Ecosystem (10.00%): TGE release 0.278%.
Community (24.67%): TGE released 0.685%.
Team (20.00%): TGE no release, locked for 9 months, remaining part linearly released within 36 months.
Liquidity (7.00%): TGE releases 7%.
Airdrop (10.00%): TGE releases 3%, 30% is released in TGE, 30% is released after 3 months, 20% is released after 6 months, and 20% is released after 9 months.
Token Utility is as follows:
1. $GPS is the core payment token in the ecosystem. Users need to pay security gas fees when using transaction protection services; enterprise users need to pay $GPS when accessing security intelligence services; in addition, the project party also needs to pay $GPS when using the SafeToken protocol for liquidity management.
2. Ecosystem contributors need to stake $GPS to become computing nodes or data providers of security services. Stakers receive rewards by providing computing resources and security data, thus motivating more high-quality participants to join the ecosystem.
3. In on-chain DeFi transactions, $GPS will serve as an important token for paying security transaction fees, and further detailed mechanisms will be released to enhance transaction transparency and security.
4. As part of the Web3 security ecosystem, $GPS can be used to unlock more advanced service features, reward pool incentives, and support developer programs within the ecosystem, promoting the healthy development of the entire security network.
V. Team & financing
Team information:
The core members include Mike (founder), Eskil Xu (co-founder), and Allen Zhang (co-founder and technical director). Most of the team members have worked in Web2 security-related work and are one of the earliest dApp developers in China with many years of technical accumulation in the field of secure data. They also have a highly internationalized perspective, with members from countries such as China, Turkey, the US, and Greece, and have significant advantages in serving global Web3 users.
In terms of financing:
June 5, 2024: Completed $10 million financing, led by OKX Ventures, with follow-up investment from HashKey Capital, Animoca Brands, Fenbushi Capital and other institutions.
March 8, 2024: Completed 4 million USD financing, led by Red Dot China, with follow-up investment from Kaia, Skyland Ventures, Gate Labs and other institutions.
Dec. 8, 2022: Received strategic investment from Binance Labs at a valuation of $150 million.
April 2022: Completed, private financing round, specific amount unknown, disclosed valuation of $60 million, followed by Arweave, SevenX Ventures, GSR and other institutions.
August 2021: Completed Angel Round Financing, the specific amount is unknown, valued at $20 million, led by SevenX Ventures, with follow-up investment from Mask Network, Youbi Capital, Incuba Alpha, Puzzle Ventures and other institutions.
Ⅵ.Warning of latent risk
1. The SecWare ecosystem of GoPlus relies heavily on developers to contribute security services, but whether the developer resources are sufficient and the service quality is uniform remains to be tested. If the number of developers is insufficient or the ecosystem lacks incentive measures, it may directly affect users' trust and willingness to use the platform. At the same time, the collaboration efficiency between developers and the platform may be affected by technical problems or imperfect profit distribution mechanisms, further dragging down the development of the ecosystem.
2. Although the design of $GPS includes a variety of scenarios (secure payment, staking incentives, service subscriptions), the actual usage of these scenarios is highly dependent on the growth of the Web3 user base and the improvement of the platform ecosystem services. If the platform fails to continuously attract more users to use it or add new practical demand scenarios, it may lead to insufficient demand for $GPS in the market, which in turn suppresses its price performance.
VII. Official link
Website:https://gopluslabs.io/
Twitter:https://x.com/GoplusSecurity
Telegram:https://t.me/GoPlusSecurity
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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