Question 1

What is GhoadCoin (GHOAD)?

Accepted Answer

GhoadCoin (GHOAD) is a cryptocurrency token built on the Kaspa network, leveraging blockdag technology for scalability and security. The name "Ghoad" combines "Ghost," referencing the GhostDAG protocol created by Kaspa's founder Yonatan Sompolinsky, and "Toad," representing the Kaspa ecosystem's turquoise hue. With a total supply of 4 billion tokens, Ghoad aims to provide a secure, scalable, and user-friendly digital asset. It focuses on community-driven creativity, advanced AI integration, and redefining the boundaries of memecoins in the evolving cryptocurrency market​.

Question 2

What is GhoadCoin (GHOAD) used for?

Accepted Answer

GhoadCoin serves several purposes within the Kaspa ecosystem. Utilising Kaspa's blockdag technology, GhoadCoin offers low fees and fast transaction confirmations, aiming to facilitate quick and cost-effective digital transactions on the Kaspa network. It engages its community through regular events, contests, and partnerships with other projects and influencers, fostering a vibrant and interactive community that enhances its utility beyond a simple transaction medium. The token operates on inscriptions within the Kaspa network rather than traditional smart contracts, with control over these inscriptions renounced to promote decentralisation and community trust. GhoadCoin holders can participate in governance, making decisions on the project's future directions​.

Question 3

Who created GhoadCoin (GHOAD)?

Accepted Answer

GhoadCoin is spearheaded by a founder known as "@HunterVtreasure," with the project formally established on 1st June 2024. In addition to the founder, the project employs advanced AI tools such as Grok for technical writing and documentation, and Midjourney for creating visual content. These AI tools play a significant role in shaping the project's character, enhancing the project's integration of AI-driven innovation and creativity within the cryptocurrency landscape​.