1. Overview
Guapcoin (GUAP) is a community-powered digital currency designed to promote economic empowerment and financial literacy. The name GUAP stands for Good Uses for All People — reflecting the project's core mission: accessible, community-governed digital money for everyone.
GuapcoinX is the evolution of Guapcoin — bringing the original community currency into a modern, programmable EVM environment while preserving the values and token supply of the original chain.
GuapcoinX is not a fork of Ethereum. It is an independent L1 blockchain using QBFT consensus, with EVM execution compatibility layered on top. This means full Solidity/EVM tooling support (MetaMask, Hardhat, etc.) while maintaining independent governance and tokenomics.
2. Consensus: QBFT
GuapcoinX uses Quorum Byzantine Fault Tolerant (QBFT) consensus. QBFT is a leader-based Byzantine fault-tolerant protocol where a set of known validators vote on blocks. Once a block reaches a quorum of votes, it is finalized and irreversible.
Fast finality matters for real commerce. Unlike Proof-of-Work chains where merchants must wait 6+ confirmations, GuapcoinX transactions are final in a single block — enabling point-of-sale and payment use cases.
3. Two-Token Model
GuapcoinX employs a deliberately separated two-token design. This separation prevents gas market volatility from disrupting the economic layer.
GUAPX
- Hard cap: 120,000
- Network gas token
- ERC-20 compatible
- Cannot be inflated
GUAP
- 150M premine
- Governance-controlled minting
- Rewards & governance voting
- 60M treasury reserve
“This separation prevents gas market volatility from disrupting the economic layer.”
4. Treasury & Supply
A 60,000,000 GUAP treasury reserve was established at genesis. This reserve funds all network participants without requiring inflation — draws from the treasury reduce the reserve without minting new tokens beyond what governance approves.
5. Masternodes
Masternodes are infrastructure providers and economic actors on GuapcoinX. They provide network services and earn GUAP from the treasury — non-inflationary draws — on a halving schedule.
With 800 masternodes: ~10.96M GUAP 4-year emission (within 60M treasury)
6. Validators
Validators secure the network using QBFT consensus. Each block reward is split evenly among all active validators. GuapcoinX currently has 11 active validators on mainnet.
7. Migration System
Guapcoin began as a UTXO chain (Proof-of-Work). GuapcoinX is the EVM evolution. Migration is not an afterthought — an explicit supply allocation ensures every legacy holder can claim their GUAP on the new chain.
Path A — Cryptographic (Merkle Proof)
For users with access to their original private keys. A Merkle root of all UTXO balances is stored on-chain. Submit a Merkle proof to claim your exact GUAP balance directly, instantly.
Path B — Manual Claim
For users who lost access to their original wallet. Submit proof of ownership to governance. Approved claims receive 50% immediately, with the remainder vested over time.
8. Governance
All GuapcoinX protocol upgrades go through on-chain governance. No unilateral changes can be made by any single party.
“All upgrades are transparent. No unilateral changes.”
9. Ecosystem
The GuapcoinX ecosystem is built in layers, each depending on the ones below: