💲Guru Token

The $GURU token is a central element of the Guru Network, providing a secure and flexible mechanism for rewarding contributors, managing the token supply, and ensuring the integrity of the ecosystem.

GURU Token

The GURU token is the native utility token of the Guru Network, designed to facilitate various activities within the ecosystem, reward contributors, and manage the supply through secure mechanisms. This document provides an overview of the GURU token's mechanisms, rights, and pointers to deployed addresses.

Overview

Smart Contract Mechanisms

Minting

  • Initial Supply: The contract mints a total supply of 1 billion GURU tokens at deployment.

  • Minting Functionality: There is no additional minting functionality; the total supply is fixed at 1 billion tokens.

Burning

  • Burning Capability: The contract does not include a burning mechanism. The total supply remains constant.

Pausing and Unpausing

  • Pausing Transfers: The owner has the capability to pause all token transfers in case of a security threat.

  • Unpausing Transfers: The owner can also unpause the transfers, resuming normal operations.

Ownership

  • Owner: The _guruSafe address is set as the owner of the contract. This address has special administrative rights to manage the token, such as pausing and unpausing transfers.

Key Roles and Rights

_guruSafe Address

  • Initial Recipient: Receives the entire initial supply of 1 billion GURU tokens upon deployment.

  • Ownership Rights: As the owner, _guruSafe has the ability to:

    • Pause and unpause token transfers.

    • Manage the circulating supply through transfers.

  • Security Considerations: It is recommended to use a multisig wallet for _guruSafe to enhance security and prevent unauthorized actions.

Multisig Wallet Setup

To ensure the security and integrity of the GURU token management, the _guruSafe address should be a multisig wallet. This setup requires multiple approvals for any administrative action, reducing the risk of a single point of failure.

Recommended Multisig Configuration

  1. Use a Platform: Gnosis Safe is recommended for setting up the multisig wallet.

  2. Number of Signatories: A 2-of-3 or 3-of-5 configuration is suggested for balance between security and operational efficiency.

  3. Signatories: Trusted individuals or entities within the Guru Network.

Multisig Wallet Capabilities

  • Managing Circulating Supply: The multisig wallet can manage the circulating supply by transferring tokens to and from various addresses.

  • Pausing and Unpausing: The multisig wallet can pause and unpause token transfers for security purposes.

Contract Deployment

Initial Distribution

Upon deployment, the entire supply of GURU tokens is transferred to the _guruSafe address. Subsequent distributions, such as allocations to liquidity pools or vesting contracts, are managed by the _guruSafe address.

GitHub Repository

For more details, including the source code and development updates, visit the GURU Token GitHub Repository.

Conclusion

The GURU token is a central element of the Guru Network, providing a secure and flexible mechanism for rewarding contributors, managing the token supply, and ensuring the integrity of the ecosystem. By leveraging robust security practices, such as using a multisig wallet for the _guruSafe address, the Guru Network ensures that the GURU token remains a reliable and valuable asset for its community.

For more details and real-time information, you can view the GURU token contract on Etherscan.

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