Post-Presale Supply & Valuation Scenarios

Circulating supply components (for all scenarios):

• Presale tokens sold

• Approximately 2% of total supply allocated to CEX/DEX liquidity (~1.6M GSX)

• Approximately 30 days of validator emissions (~36,000 GSX)

• Seed allocation excluded due to 18-month linear vesting

Methodology Notes (Calculation Rationale)

• Reference price selection ($0.75): The presale price range is defined as $0.50–$1.00. A midpoint value of $0.75 is used solely as a neutral reference for illustrative calculations. This does not represent a forecast, commitment, or valuation target.

• Initial Market Capitalization (IMC): IMC is calculated as: circulating supply × reference price. Circulating supply varies by scenario based on the proportion of presale tokens distributed.

• Fully Diluted Valuation (FDV): FDV is calculated as: total token supply (80,000,000 GSX) × reference price. Because total supply is fixed, FDV remains constant across scenarios.

• Validator emissions: Validator rewards are modeled at approximately 8 GSX per day per validator, assuming 150 validators, resulting in ~36,000 GSX over a 30-day period.

• Seed allocation treatment: Seed tokens are excluded from circulating supply calculations due to an 18-month linear vesting schedule, and therefore do not affect IMC at this stage.

Scope clarification

These scenarios are illustrative supply-and-price sensitivity examples based on stated token distribution parameters. They are provided for structural transparency only and do not constitute predictions, projections, or financial representations.