Grizzly HoneyGHNY
$119
Market/Exchange
GHNY Price Prediction and Price Movement
GHNY has been down 49.89 percent over the last three months, and with its small market capitalization, it is very likely that such price movement may continue. However three months is still considered early in the crypto world and it is also likely that GHNY's price may bounce back if it has a solid team and has delivered what they promised on their white papers. Therefore traders should be careful and should research thoroughly and see if GHNY is backed by a solid development team and whether GHNY's technology has any potential to grow.
Please note that this analysis is purely base on GHNY's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
Grizzly Honey Price Chart
About Grizzly Honey
Grizzly.fi is a Liquidity Aggregator on the Binance Smart Chain. It launched on the 8th of August 2022. Its goal is to make DeFi accessible for everyone and to generate a predictable income on its users crypto assets.
The Grizzly Honey token does not have a maximum supply and is minted only when users are using Grizzly.fi. This way it ensures to have a sustainable inflation while making sure to be able to always reward its users. Grizzly.fi aims to be the hub of Liquidity Mining and continually adds new strategies to generate yields.
On Grizzly.fi, users don't have to compound manually because Grizzly.fi comes with an auto-compounding feature.
The smart contracts have been audited by four different companies for its initial release.
The Grizzly Honey Token is the revenue sharing token of Grizzly.fi. Every time the smart contracts auto-compounds for its users, 50% of the auto-compounded amount gets distributed amongst GHNY stakers. The 50%, which were not auto-compounded, get compensated by GHNY tokens.
For long-term believers in the project there is the Grizzly Farming Strategy. In the Grizzly Strategy all of the rewards are used to buy-back GHNY tokens, which are then automatically staked.