GoNetwork provides a platform that unifies app economies across Mobile, Web and Desktop platforms.
GoNetwork is creating a low-cost, low-latency and scalable network for Ethereum that will be used by mass mobile, desktop and web platforms. The technology today, although revolutionary, has some important challenges that need to be resolved in order to serve the mass consumer markets.
The number of transactions that most popular cryptocurrencies can handle is minuscule compared to what's needed for the technology to be effectively used at scale. Our goal is to solve these issues by creating a strong team and investing heavily in research and development while considering strong business use cases.
A major concern with blockchain technology centers on speed and high cost of transactions. Transactions on blockchains like bitcoin are expensive and slow. With growing usage, Ethereum will fare no differently over time.
One of GoNetworks core observations is mass adoption hinges on cryptocurrencies interoperability with mobile computing platforms. Below we address the major challenges facing the network and its impact on mobile adoption: Scalability for Mobile Computing; Variable Smart Contract Execution Costs; Limited Mobile Adoption.
GoNetworks solution solves this problem by allowing off-chain transactions. To achieve this vision, and bring cryptocurrency to the masses, we will take the following steps:
GoNetwork is designed for the trillion dollar mobile economy and commerce market. State channels amortize the cost of transactions based on the number of off-chain transactions completed off-chain.
Thus, in typical high-frequency workflows, the cost of transactions will be several orders of magnitude lower than running the transactions on Ethereum directly. Prime objective is to build a mobile first network for Ethereum ERC20 tokens that’s off chain. It is a fast, cheap and low latency infrastructure. A major concern with blockchain technology centers on high cost of transactions. GoNetworks solution solves this problem by allowing off-chain transactions.
|Round||Token Price||Bonus||Min / Max Purchase||Soft Cap||Hard Cap|
Public sale —
11 Jun 00:00 UTC
25 Jun 00:00 UTC
|NA||5% - 15%||-||Uncapped||101,496 ETH|
Day 1 bonus: 15%
Day 2 bonus: 10%
Day 3 bonus: 5%
Day 4 Onwards: no bonusPre-sale
The presale group will recieve a 25% bonus.
Selected by YCombinator (Investors in Airbnb, Reddit) for in-person interview.