Why GT3?
Last updated
Last updated
GT3 originates in the $TUT token from Tutellus. Still, it was launched and is already disconnected from the company and its ecosystem due to the nature of the token and the new project.
While $TUT was used within Tutellus, $GT3 is used in a DEX by projects unrelated to Tutellus and by users who may or may not belong to the Tutellus ecosystem.
In other words, $GT3 absorbs the functionality of $TUT and is used in the Tutellus DAPP, while also being the token that governs the DEX at gt3.finance. We are increasing utility both inside and outside of Tutellus.
Thus, the company Tutellus decided to discontinue the $TUT project in exchange for all TUT holders receiving a GT3 airdrop and for future developments, contract maintenance, and current functionality to be absorbed by the GT3 DAO.
In return, Tutellus grants the DAO a license to use specific code repositories and SDKs that Tutellus had previously developed, such as HumanWallet.
$TUT holders not only receive a $GT3 airdrop, but their positions are increased based on their holding time, staking, and farming: the more tokens held and for a more extended period in various contracts, the more $GT3 tokens they receive.
Regarding the new GT3 brand,
It denotes speed, like the Porsche model we love so much.
It implies growth, reflected in the positioning of the letters in the logo.
It holds a particular "neo-anthropological" connection with Tutellus from the perspective of stakeholders: while in Tutellus, different types of users (Students, Developers, Investors) were represented in a circle with a three-colour scheme, GT3 maintains the same philosophy with its three types of stakeholders: Holders, LP providers, and Traders.