What Is GoMeat(GOMT)? Complete Guide & Review About GoMeat

What Is GoMeat(GOMT)?

GoMeat is a blockchain based online ordering and delivery services catering to $1.8 trillion global (halal+ Kosher) market, already in operations since 2019 in United States with 900+ stores operating in 26 States with 10,000+ orders processed to date, generating a gross volume of $320K+ in 2021. This is solving a real-life problem of everyday consumers of halal and kosher, offering them traceability and transparency of the meat, food and groceries leveraging Hydra blockchain.

They have already proved the concept and are in the process of expansion in the United States and globally as per their roadmap. GOMT is a utility token offering enormous value proposition to all their stakeholders, such as customers (convenience and reliability) stores (digitalization, increase in revenues and operational efficiencies) and token holders (Trade GOMT or use it on the GoMeat Coin platform to avail discounts on their purchases.)

Important Points Table Of GoMeat

How to Buy the Continental & Trade On Exchange?

GoMeat Flexible Price

The live GoMeat price today is $0.761470 USD with a 24-hour trading volume of $96,247.09 USD. They update GOMT to USD price in real-time. This is down 8.65% in the last 24 hours. The current CoinMarketCap ranking is #3995, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.

If you would like to know where to buy GoMeat at the current rate, the top cryptocurrency exchange for trading in The stock is currently BitMart. You can find others listed on the crypto exchanges page.

GoMeat Blockchain Functions:

GoMeat Coin (GOMT) is a deflationary utility token with a limited supply of 5 million GOMT ever and about only 1.9 million GOMT in circulation. The Blockchain application will be based on the Hydra chain platform and will perform the following functions:   

• Collect all certificate information from Certificate data repository.   
• Establish a secure connection Certificate data repository provider and update Certificate info frequently.   
• Store all the retail owner’s information and certification info in our blockchain application.   
• Create a blockchain API to connect with GoMeat marketplace and display smart certification document in the app for customer view.   
• Share public key with 3rd party and Retail owners for each independent certificate   
• Retail owner certification validation.   
• Onboarded validation.   
• Certification cancellation or suspension validation: Monitor and control.   
• Certification renewal validation.  

Disrupting the Specialty Industry

Since 2019, GoMeat has been helping your local halal/kosher stores go digital! Powered by the GoMeat Technology Platform, consumers can place orders for meat, grocery or food and have them delivered to their doorstep on the same-day. Using Blockchain technology, GoMeat is revolutionizing the specialty meat supply chain and certification processes by making each step transparent and traceable. Thus, paving the way for a safer industry.

Mission

GoMeat strives to be the leading digital marketplace connecting consumers with specialty meat stores and offering same-day delivery services powered by the GoMeat Technology Platform.

Vision

Using blockchain technology, GoMeat Coin aims to digitalize the specialty food industry by making the specialty meat supply chain and certification transparent.

Business Model

The Business Model is one of the simplest in the Tech industry offering steady and consistent revenue streams with no cash collection risks and high cash flows. GoMeat Services is a Logistics Technology Startup and not a meat seller. We are providing a technology marketplace for the buying and selling of specialty (halal and kosher) meat along with in-app specialty certifications.

Deflationary Tokenomics:

GoMeat Token has an elaborate burning mechanism, increasing the token value with each burn. Key features are as follows:

• 4% of the 2022 revenue is currently being burnt on a monthly basis (As of May 9, 16,378.473 GOMT have been burned already).
• 5% of the 2023 revenue will be burnt on a quarterly basis.
• Burning rate from 2024 onwards will be decided based on revenue amount, quarterly financial reports will be released to keep the community updated.
• Once GoMeat hits $3 million in gross volume, then an additional 3% GoMeat revenue will be burnt every quarter.
• Additional tokens for burning will be bought from exchanges if needed
• Additional 3% will be burnt for every order placed using GOMT.