GoGoPool (GGP)

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Staking and Yield

GoGoPool lets users stake AVAX tokens through minipools and earn more yield with their stAVAX token. This means you can earn rewards by helping secure the Avalanche network.

Layer 1 Blockchain Tools

GoGoPool provides tools to launch your own Layer 1 blockchain easily using their Launcher product. This helps creators build new blockchains without centralized control.

Layer 1 Marketplace

Users can explore and participate in various decentralized Layer 1 blockchains through the Marketplace. It offers options for validation, staking, or delegation on different blockchains.

Ecosystem and Community

GoGoPool supports a decentralized, permissionless environment for blockchain innovation, encouraging builders and creators to develop new projects freely.

Advantages of GoGoPool

• Permissionless Layer 1s: Enables builders to create fully permissionless Layer 1 blockchains, allowing innovation without centralized control.
• High Yield Opportunities: Offers stAVAX token with competitive yields, often higher than other options in the Avalanche community.
• Diverse Products: Includes Minipools & ggAVAX for staking and validation, a Launcher to deploy Layer 1 blockchains, and a Marketplace to explore and engage with Layer 1s.
• Strong Community and Support: Active community on Discord and regular updates through blogs and documentation.
• Security Focus: Undergoes regular security audits by reputable firms like code4rena, Zellic, and Kudelski Security.
• DeFi Integrations: Compatible with various DeFi apps such as DeltaPrime, Balancer V2, Yield Yak Aggregator, Wombat Exchange, and Uniswap V3 for enhanced benefits.
• Backing and Recognition: Supported by well-known investors and praised by industry leaders like Emin Gün Sirer.

Disadvantages of GoGoPool

• Transition Phase: The brand is transitioning to Hypha, which may cause some temporary confusion or changes in the platform.
• Complexity for Beginners: The range of products and features might be overwhelming for users new to blockchain or staking.
• Dependence on Avalanche Ecosystem: Primarily focused on Avalanche, which may limit exposure to other blockchain networks.

Founders

GoGoPool was founded by Steven Gates and Johnny Gault. They met at the first Avalanche Summit in 2021 in Barcelona and combined their ideas to create GoGoPool.

Background of Founders

• Steven Gates is the Co-Founder and CEO with extensive experience in blockchain development.
• Johnny Gault is also a Co-Founder and works alongside Steven to lead the project.

For more details, visit GoGoPool's website.

Lead Investors

Framework Ventures and CoinFund co-led the $5 million seed funding round for GoGoPool.

Other Institutional Investors

Other investors include Republic Capital, Avalaunch, FinTech Collective, Genesis Block Ventures, Flow Traders, Builder Capital, Alpha Crypto, Silverstone Ventures, and Taureon.

Total Investors and Funding

GoGoPool has 12 institutional investors in total and has raised $5 million over 2 funding rounds.

Halal Status of GoGoPool

No, GoGoPool is not described as halal. The available information does not indicate that GoGoPool follows halal principles or certifications. It is a decentralized staking protocol for Avalanche subnets, which is a technical crypto service rather than a halal-certified product or service.