# Gencoin (GGC)

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Gencoin (GGC) is the primary value token of the Generos protocol, generated when Vaults cycle and representing value created through acts of giving. It serves as the on-chain record of generosity and enables participants to direct their accumulated value toward causes and continued participation.

### On-Chain Address

[GGCmUpgN9FDy1u8Vf1BwMpYmtpMcMgLCwguZRpRFkEZ5](https://explorer.solana.com/address/GGCmUpgN9FDy1u8Vf1BwMpYmtpMcMgLCwguZRpRFkEZ5)

### Supply: Unlimited

Gencoin operates on an unlimited supply model, ensuring the protocol can scale with participation. New Gencoin is created only through Vault cycling, directly tying currency generation to generosity. This design prevents artificial scarcity while anchoring supply growth to user behavior.

### Value: 1 Gencoin = 1 USD

1 Gencoin maintains a fixed in-protocol value of 1 USD, backed by the USDC Redemption Treasury. This stability ensures that the Gencoin a participant generates through giving has a clear, transparent value, making contributions measurable and tangible.

### Deflationary Mechanisms

To maintain value and encourage active participation, Gencoin incorporates deflationary mechanics:

* **Seed Redemption**: Participants can redeem Seed to convert Gencoin into USDC, reducing both Seed and Gencoin in active circulation.
* **Coin Burn**: Weekly burns reduce Gencoin supply by a default percentage, counteracting inflationary pressure. Burn rate can be reduced through badges earned for engagement, directly rewarding participation.

### Earning Mechanism

Gencoin is earned exclusively through Vault Cycling. When a Vault reaches full capacity with Gems, it cycles and generates Gencoin. This mechanism ensures Gencoin supply growth is always tied to generosity: the more participants gift, the more Vaults cycle, and the more Gencoin is created to reward that behavior.

### Utility

Gencoin enables two primary uses within the Generos protocol:

* **Funding Goals**: Participants can direct Gencoin toward Organization and Circle funding goals, translating personal value generation into support for chosen causes.
* **Seed Redemption**: Converting Gencoin through Seed redemption allows participants to realize the value of their generosity, exchanging Gencoin for USDC at a redemption rate while automatically contributing a portion to their chosen organizations.

### The Role of Gencoin

Gencoin is more than currency; it is a record of generosity made on-chain. Every Gencoin in circulation represents a Vault that was filled through giving. Its unlimited supply, balanced by thoughtful deflationary mechanisms, ensures the protocol scales with participation while maintaining stability. Gencoin is how the Generos protocol quantifies, honors, and amplifies the value of generosity.


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