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Goma Token

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$GOMA is a HYPER-Deflationary Community DeFi Coin focused on creating opportunities through innovative Decentralized financial instruments

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Authenticity & future plans

Goma Shiba Inu is a Binance smart chain token deployed on 30 June 2021. Goma is a hyper-deflationary decentralized finance coin.

Goma token has a staking pool where you can stake your Goma tokens to earn 3 other tokens listed on Goma.fi website. These are mainly 888, Torri Finance & Agareum. They also have lottery pools to earn Goma tokens.

The site also lists out NFTs and Swap but they not seem to be live yet at the time of writing.

This token is called Goma token on their website, Goma Shiba token on their twitter page. Goma Shiba Inu on BSC scan and Goma Finance on coin market cap. Always ensure you take the contract from the website or coin market cap as there are other fake tokens by the same name on BSCscan and Poocoin.

Markets/Exchanges:
At time of writing, Goma token is listed on PancakeSwap.

Products:
At the time of writing, Goma finance does not have any products released; however a NFT marketplace and a game release is listed on their roadmap.

Whitepaper & Roadmap:
The roadmap of Goma token is available on their website and it lists timeline until September 2021 with their game in partnership with Agareum to be released in August 2021. (This could not be validated)

Transparency & Contract

The contract was deployed on 30 June 2021 and has 117 similar contracts executed before this. This is common in the De-Fi space to clone existing tokens contract and make changes to it. Information related to buy/sell tax or slippage is not mentioned on the website.

Audit:
We could not locate details of an audit on the Goma token website nor there are plans for a future audit.

Doxxing:
The ownership is renounced to the community and there is no information of the developers on the website or social media handles.

Contract Address:
BSC chain - 0xab14952d2902343fde7c65d7dc095e5c8be86920

Contract Code Review:
Contract is verified on BSCscan and the contract ownership is renounced to the community.
The redistribution percentages mentioned on the website do not match with what is written on the contract at the time of writing. The buy/sell tax is 7.8% and the website lists 3% burn and 3% redistribution. Upon reading the contract, you can find the distribution of the remaining circulating supply.

Current Market Cap:
$29,910,244

Current 24Hr Volume:
$11,813,034

The above data is According to CoinMarketCap at time of writing.

Liquidity, Tax & Reflections

81% of the entire supply is burnt and is burnt with each transaction. The taxes are 7.8% of buy/sell and 3% of this is sent to the burn wallet straightaway. 3% is redistributed to the holders. 50% of the total supply was initially burnt.

We could not locate information of locked liquidity on the site and an automated audit on the contract confirmed that the less than 0.01% of the liquidity is locked.

Tokenomics:
Total Supply: 1,000,000,000,000,000 (1 Quadrillion)
Circulating Supply: 43182904140414000 (43.18Q)
Buy/Sell/Move/Transfer Tax: 7.8%
Redistribution to existing holders: 3%
Redistribution to burn wallet: 3%
1% is auto locked for liquidity
1% of every trade goes to charity
Burnt: 814,501,141,909,858 (814 Trillion) (81% of the total supply)

Community

The community interactions on their social media handles are lesser than the actual follower count.
Community by the Numbers
Twitter – 17.7K followers
Telegram– 37K across all Goma groups
Holders/Wallets – 31,000 holders
Watch List (CMC) – 50,244

Lunar Crush
Galaxy score – Not listed
Alt rank – Not listed

Conclusion

Goma finance is another member token in the De-Fi space. It’s hyper-deflationary and has not released any products yet. They do have listed gaming in their roadmap. Gama offers you staking to earn in other tokens on their platform. Whitepaper not found. Audits are not completed either. At the time of writing, this token had a huge pump of over $11M in 24 hour volume. The top 10 wallets hold more than 30% of the total volume so if the decide to sell, the token can see a huge dip. 3% of the redistributions are burnt and this can reduce the total supply in the long run. 81% of the total volume have already been burnt. (Worth $184M at the time of writing)

Recommendations: To complete an audit for the contract and update the roadmap with new timelines. To include the Taxes and redistribution wallet information on the site (charity and liquidity pool)

First Published:
Sunday, 17 October, 2021
Last updated:
Sunday, 17 October, 2021
Goma Token

47

Scoring legend:
Below 50: Needs improvement
50-75: Getting attention
Above 75: Massive potential

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