GULAG Price Prediction and Price Movement
GULAG has been down 0 percent over the last three months, and with its small market capitalization, it is very likely that such price movement may continue. However three months is still considered early in the crypto world and it is also likely that GULAG's price may bounce back if it has a solid team and has delivered what they promised on their white papers. Therefore traders should be careful and should research thoroughly and see if GULAG is backed by a solid development team and whether GULAG's technology has any potential to grow.
Please note that this analysis is purely base on GULAG's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
Gulag Token Price Chart
About Gulag Token
What is Gulag Token? (GULAG)
GULAG Token is a decentralized, community driven DeFi project fair-launched on Binance Smart Chain on July 7, 2021 by a global team spanning multiple continents with the goal to provide a platform for communities to achieve charitable goals with cryptocurrency.
GULAG Token generates rewards to holders via static reflections removing the need for any staking requirements and rather than an additional tax on transactions, a locked charity wallet is established and receives regular holder reflections from transactions. The reflections this wallet receives will be donated, verifiable on the blockchain, and live streamed once a month by the team
How Many GULAG Tokens Are There in Circulation?
Gulag Token supply launched with a maximum lifetime supply of 500 trillion tokens.
2.5% burned and permanently removed from supply. 2.5% allocated for charity wallet. 2.5% allocated for development expenses. 2.5% allocated for marketing expenses.
Initial circulating supply available at launch - 450 trillion tokens. The 15% tax on transactions is split into 4% injected directly back into LP and 11% reflected back to holders leading to a deflationary function of the total token supply with every transaction.
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