Gocoworker launches a forty-two-week liquidity mining program on Uniswap and Balancer, rewarding ETH-GOCO providers with over 1.2 million tokens as part of Europe's ambitious decentralized talent marketplace.
Gocoworker is a Distributed Autonomous Organisation for Talents, positioning itself as a leader in communal work and sustainable employment. The platform operates on the premise that the future of work should be decentralized, community-governed, and accessible to anyone with skills to offer, regardless of geography or traditional corporate structures.
The first Gocoworker liquidity mining program is going live on both Uniswap and Balancer, two of the most prominent decentralized exchanges in the DeFi ecosystem. The program is designed to reward ETH-GOCO liquidity providers, creating financial incentives for participants who help maintain healthy trading conditions for the GOCO token.
Creating partnerships with leading automated market makers is a self-evident strategy for Gocoworker due to the common approach towards a distributed world. DeFi protocols facilitate instant token exchanges without relying on third parties, aligning perfectly with Gocoworker's vision of removing intermediaries from professional services and talent matching.
By rewarding GOCO's liquidity providers, Gocoworker aims to bootstrap the necessary liquidity to minimize costs and slippage while building long-term value for the broader ecosystem. Without sufficient liquidity, token holders face unfavorable exchange rates and difficulty entering or exiting positions. The mining program directly addresses this challenge by incentivizing participants to commit capital to the trading pools.
The Much Awaited Liquidity Mining Program
The liquidity rewards program will commence on 1 March, 2021, at 12 am UTC, spanning forty-two weeks, and will end on 20 December, 2021, at 12 am UTC.
Ten percent of the tokens offered during the crowdsale will be distributed as rewards to liquidity providers across the following eligible pools:
Uniswap ETH-GOCO Pool: 1,050,000 GOCO tokens distributed at a rate of 25,000 GOCO per week
Balancer ETH-GOCO Pool: 210,000 GOCO tokens distributed at a rate of 5,000 GOCO per week
GOCO rewards are calculated per address in proportion to the supply of liquidity tokens within the smart contract and the duration staked. This calculation ensures that participants who commit more liquidity for longer periods receive proportionally larger rewards. These incentives come on top of trading fees earned directly through the decentralized protocols, creating a dual-revenue stream for active liquidity providers.
The Crowdsale, the Most Momentous in Europe
The current Presale will end on 12 May 2021. Ten percent of the total token supply is being distributed at a price of 0.1 ETH, accompanied by an automated referral program that Gocoworker describes as a world first. The referral mechanism allows participants to earn additional tokens by bringing new contributors into the ecosystem, creating organic growth incentives built directly into the smart contract infrastructure.
The Token Sale itself will run from 12 May 2021 to 17 December 2021, distributing fifty percent of tokens across 250 individual periods of 21 hours each. Allocations are prorated based on the total ETH collected during each period, ensuring a fair distribution model that prevents early whales from dominating the sale. This approach mirrors some of the most successful token distribution mechanisms seen in the DeFi space, where proportional allocation helps maintain a diverse holder base.
A distributed and secure solution is implemented whereby contributions and rewards are managed directly through smart contracts. This removes the need for centralized intermediaries to handle funds or verify transactions, reducing counterparty risk and increasing transparency for all participants.
The broader Gocoworker vision extends beyond token economics. As a DAO focused on talent, the platform aims to create sustainable employment opportunities through community governance, where members collectively decide on platform direction, fee structures, and partnership opportunities. If the model succeeds, it could offer a genuine alternative to traditional freelance marketplaces and recruitment platforms that currently extract significant fees from both talent and employers.
Everyone can join the movement to be free together.
For more information, visit https://gocoworker.com.
Media Contacts
Stéphane HUET, Laurent GARCIA,
Gocoworker