GFORCE v2 Migration is live!

4 min readMay 20, 2021

The time has come to upgrade GFCE to our v2 upgrade. We’re so excited for the upgrade and have made a few small, but powerful changes.

The GFCE v1 to GFCE v2 migration is live. The swap happens at https://www.jetfuel.finance/gforce. The GFCE v1 will be automatically burned and you’ll be sent GFCE v2. Trading and liquidity is active at https://jetswap.finance/

GFCE v2 Contract: https://bscscan.com/token/0x5f136383e230f972739fae2e81e7e774afe64c66

How to Migrate from GFCE v1 to GFCE v2.

Remove any GFCE in a LP at Pancakeswap or Apeswap and ensure the GFCE is in your wallet
Go to https://www.jetfuel.finance/gforce and connect your wallet
Click Max or input the amount of GFCE you wish to migrate
Click Convert.

5. You’ll approve 2 transactions. The first transaction gives approval to spend your GFCE and the second transaction converts the GFCE v1 to GFCE v2.

6. The GFCE v1 is automatically burned and you will receive GFCE v2.

Changes

Passive Yield: From 1% to 3% (more GFCE!)
Auto liquidity: from 1% to 3% (more liquidity!)
Special Staking: from 0.05% to 0%
Total transfer tax goes from 2% to 6%
Upgraded LP route from PCS v1 to Jetswap
Adding a Deflationary Lottery and ecosystem development rewards
Upgraded Whitelisting function

How to Trade GFCE v2.

Set slippage at 7%+! There is now a 6% tax on every transaction to provide hodlers with more passive yield and automatic liquidity.

Be sure to up your slippage to at least 7% to successfully trade GFCEv2

Introducing the GFCE v2 LP lottery!

Gforce taxes 3% of each transaction for automatic liquidity generation and the GFCE is sent to the swap contract. The swap contract will be executed when more than 100 GFCE is in the swap contract.

Every time the reserves contract collects 100 GFORCE, the contract automatically sells half of the GFORCE for BNB, combining the BNB and GFORCE into an LP via Jetswap. The LP will be reserved for the following items:

50% of the Created LP is used for the lottery

40% remains to ensure liquidity continues to grow for GFCE-BNB

10% will be used for the ecosystem development fund. This ensures funds for marketing, operational, and staking expenses to continue development for GFORCE.

Example of how it works: GFCEv2 has daily trading volume of $1m per day.

$30,000 per day is redistributed to all GFCE holders. Whether you’re holding the GFCE in your wallet or have it in an LP, you’re earning more and more GFCE.
$30,000 is used to build GFCE-BNB liquidity at Jetswap.
$15,000 of the LP is set aside for the GFCE LP lottery hosted at Jetswap
$12,000 of the LP is retained for liquidity
$3,000 of the LP is reserved for the ecosystem development fund.

The Lottery is planned to start about 2 weeks after the GFCE migration. More details about the lottery will be announced when the lottery is ready for deployment.

Frictionless Passive Yield.

GFORCE is a frictionless passive Yield token with adjustable rewards rates that splits the transaction to multiple endpoints using dual balance tables to ensure holders of GFORCE get rewarded automatically. The frictionless passive yield is a secure gas-free yield generator.

The passive yield is achieved with a 3% transactional tax and automatically distributes the fee to GFCE holders.

These measures ensure that every holder of GFORCE will passively earn GFORCE as long as there is transactional volume on-chain. Standard passive fees are rewarded automatically and do not require harvesting or contract transactions by users to gain more Gforce. Gforce fees are even earned while in a liquidity pool with another token in an AMM (Automated Market Maker). This allows for multiple avenues to earn additional yield from GFORCE.

The smart contract allows the passive yield to be adjusted between a minimum value of 0.0% and a maximum value of 5%.

Double Earnings when providing liquidity

Providing GFCE to an LP pair earns the user double rewards. AMMs charge swap fees typically between 0.2% to 0.3% to buy or sell tokens on their exchange. LP holders receive a portion of the swap fee as an incentive to add liquidity to the pool. GFCE holders also receive additional GFCE from the frictionless passive yield feature built into the contract.

Whitelisted Feature

A common problem facing transactional tax tokens like GFORCE is the difficulty of listing on a CEX or centralized exchange. Many exchanges will move tokens between their hot, cold, and users wallets during their daily operations. The tax on these tokens reduces the amount the exchanges hold, thus, creating accounting issues for the exchange and the users.

GFCE v1 had a whitelisting feature that allowed the sending address to bypass the transactional tax. However, users who sent to the whitelisted address had to pay the transactional fee. GFCE v2 includes the ability to remove the transactional fee on both the sending from the whitelisted address and removes the fees when GFCE is sent to the whitelisted address. This opens up a number of opportunities for GFCE that were unavailable in v1. One of the first benefits of the new whitelist feature is single staking GFCE is now available at Jetswap!