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Blockchain environment is an important asset of mankind aimed at providing reliable communication and financial interactions between people and legally constituted structures
The most important thing in the digital economy environment is not even cryptocurrency and NFT, but the Smart-Contract fixing and enforcing the conditions programmed into it
For a smart contract to be reliable, it must:
● Have open source code so that it can be tested by anyone who wants to join the project;
● To exclude access of other persons, including the initiator of the contract, to the assets entrusted to the smart contract, in other words, to freeze those funds on the wallet he manages;
● To have a guarantee of unchangeable conditions for the entire period of its validity, i.e. to be exempt from the possibility of administration by anyone including the author of the contract code.
Smart-Contact GeonerGO Green Energy Project has the following features:
1. stores the GEONERGO COIN token pool entrusted to it, freezing the entire amount of tokens in the WASC (the Wallet Administered by a Smart Contract) wallet account and releasing only the part required for the execution of operations under the conditions described below, thus excluding the possibility of access to the funds by third parties, including the project initiator.
2. Interacts with the liquidity pool of GEONERGO/TON currency pair pre-formed in the Liquidity Pool of STON.fi DEX, ensuring its replenishment using the funds received from participants.
3. Works in conjunction with the @GeonerGObot, which performs the functions of communication between the user and the smart contract of the project, including — the acquisition of NFT-GeonerGO, the execution of requests for crediting rewards.
4. Upon receipt of the bot’s message about the fulfillment of NFT purchase, the smart contract waits until the payment is received from the buyer’s wallet, on the basis of which:
● a) Performs mint (fabrication) of NFTs of the appropriate denomination;
● b) Assigns the payer’s wallet as the owner of the created NFT;
● c) Requests the current rate of the GEONERGO/TON currency pair in the Liquidity Pool on the STON.fi resource;
● d) Based on the data received in 4c, calculates how much GEONERGO COIN should be added to the received TON to replenish the liquidity pool in the correct proportion;
● e) “Unfreezes” the 4d calculated amount of GEONERGO COINs held in the WASC wallet and directs them, along with the incoming TONs, to replenish the GEONERGO/TON liquidity pool;
5. When you receive a message from the bot that a request to calculate and transfer the reward has been completed:
● a) The address of the wallet from which the request was sent is checked;
● b) If the condition is met that the previous transfer to the wallet was made more than a day ago, it checks which NFT-GeonerGO belong to the wallet;
● c) Based on the data obtained in 5b, the amount of remuneration is calculated.
● d) Remittances of rewards to NFT holders are made every 10 days.
In addition, Smart-Contact GeonerGO Green Energy Project is exempt from manual administration and is a self-executing program without the possibility of external intervention, which ensures the reliability of the fulfillment of the stated conditions and makes it an independent digital custodian of the project.
We’re a team of entrepreneurial engineers
In 2010, we started patenting our inventions with the hope of including them in the programs of innovation projects. However, we encountered systemic difficulties and decided that we needed to do everything ourselves.
Our project experience began in 2013
with the opening of the engineering company “Intelmashin”. We have gone from the production of linear modules for CNC-machines to the creation of complete technological lines of our own design. Due to this we possess a number of intellectual property objects. Working in the real economy has taught us how to effectively manage all stages of production and establish reliable communication processes within the company.
Despite our achievements, we have faced the fact that large enterprises and capital holders are not ready to finance new efficient production facilities or purchase innovative products. In practice, they are influenced by a variety of factors that make our ideas underdeveloped.
We now know that to succeed, we need to rely on our own strength and attract partners who believe in our innovations as much as we do. We are ready to implement and develop our technologies to change the world for the better.
In 2018, we started to develop a structure for organizing productions based on crowdinvesting.
We planned to create a blockchain-based system to keep track of many small investments, giving investors access to personal accounts. This would allow them to observe all stages of project realization and remain co-owners of the actual production of in-demand products.
At that time, smart contracts and cryptocurrencies were not yet widespread, and we did not have sufficient information about their possibilities. The realization of our idea was hampered by the law on crowdfunding adopted in 2020, which requires the central bank to regulate such platforms. However, the regulations for this regulation were not adopted for a long time, which made our project impossible.
Today, with the new possibilities of cryptocurrencies and smart contracts, we are ready to make our idea a reality. We aim to use blockchain to ensure transparency and reliability of all processes by engaging partners around the world. Together, we can spread GEONERGO technology quickly and efficiently across the planet.
Now, having studied modern cryptocurrencies, we plan to use blockchain for data accounting and smart contracts for the reliability of all arrangements. This will allow us to attract many partners around the world and together we will be able to spread GEONERGO technology as quickly as possible.
GEONERGO Green Energy Phoject tokens are exempt from administrative regulation, thus ensuring their constant unchangeable amount of 12’358’132’134 GEONERGO COIN and excluding the possibility of inflationary collapse of the exchange rate, which can be verified on the Ton Minter resource or by checking the token address yourself (EQDMe8b_Ym2C9guSTC7QQQzisPg_7_OLEWguF1dJMUTf8cfsF).
In addition to its own tokens, the WASC receives funds from the sale of NFT-GeonerGO in TON currency, which are accounted for by the same smart contract and fully redirected to the GEONERGO/TON Liquidity Pool on STON.fi paired with GEONERGO COIN tokens from among those placed in the WASC.
Except for replenishment of the liquidity pool, GEONERGO COINs of WASC wallet can be spent only(!) on Reward (Reward) of NFT-GeonerGO holders in the format of daily accruals, the amount of which is calculated as:
where:
— Nmonth — ordinal number of the current month starting from Nmonth = 1 from the moment of Start SMART NFT;
— Σ(kW) — amount in kW in the wallet of the NFT-GeonerGO holder.
For convenience of interaction with the project, including:
— Acquisition of NFT-GeonerGO
— Reward request (it works not more than once a day and allows multi-day accumulations).
— Or withdrawal from the project with return of NFT and transfer of funds received from the holder to the project,
intended for @GEONERGOBOT
The number of offered NFT-GeonerGO is calculated in such a way that under current conditions the stock of GEONERGO COIN tokens in the WASC smart contract wallet will be sufficient for transfer to the liquidity pool and payment of rewards for at least 5 years.
We expect that the pre-established attractiveness of GEONERGO COIN tokens, due to the possibility of purchasing GEONERGO Green Energy Project products for half of their value, will further increase along with the filling of its Liquidity Pool, thus increasing the total value of Rewards rewards.
At the same time, Reward payments are unlimited and will be made until the WASC is completely emptied.
