GravitokenGRV
$1080000
Market/Exchange
GRV Price Prediction and Price Movement
GRV has been down 0 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 GRV'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 GRV is backed by a solid development team and whether GRV's technology has any potential to grow.
Please note that this analysis is purely base on GRV'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.
Gravitoken Price Chart
About Gravitoken
What Is Gravitoken (GRV)?
Gravitoken (GRV) is a digital currency with an elastic supply mechanism — it is mathematically calculated to increase in price every 8 hours, thus investments are protected by a constantly growing liquidity pool, which is responsible for strengthening the minimum price, aka the price floor, until it reaches a ceiling of $1,337,000 where it becomes a stablecoin.
The official website of the project indicates that a prerequisite for the creation of the token was the need for a cryptocurrency that can withstand market volatility, and the token is insured against volatility due to the liquidity pool (the developed formula adjusts the liquidity pool to create a stable minimum price level). The creators of Gravitoken guarantee a constant growth of GRV or "DeFi gravity" — the cryptocurrency is calculated to increase in price by a minimum of 9.81% (every 8 hours).
According to the developers, the growth of GRV will continue until it reaches the target guaranteed value of $1,377,000. This amount will be derived from a 9.81% fee on each transaction, which goes to token buyback and burns, automatic liquidity pool algorithm and the marketing budget, at 3.27% respectively.
Who Are the Founders of Gravitoken?
Gravitoken (GRV) was launched in July 2021 on the Binance Smart Chain (BSC). Lately, numerous projects are leaning towards anonymity, Gravitoken is no exception. The founder of the project is part of the development team, however, his name is not common knowledge.
All that is known to the public is that Gravitoken is the brainchild of three friends who head three departments of the company. The main developer has a PhD in mathematics and an established record of working in quantitative finance; the creative leader boasts an impressive background in website building and brand assets; the marketing executive has ten years of experience in digital marketing and machine learning software for FTSE 100 companies.
What Makes Gravitoken Unique?
9.81% of the token involved in every transaction is collected and redistributed among three features: Fusion, Antimatter and Marketing. GRV is built into a smart contract that uses the automatic liquidity pool algorithm — Fusion, and the constant growth of the token price is ensured by the Antimatter function.
The company's mission is to lower barriers to entry and make cryptocurrency affordable. The goal of the developers is to minimize price movements.
Gravitoken chooses rebasing in order to rise in price without gravity, at a minimum rate (9.81%) and every 8 hours. Rebasing a currency does not affect the exchange rate, but the action can have a psychological impact on users, and reducing the number of zeros has a beneficial effect on the image of Gravitoken.
The project stands out due to its mechanism. Gravitoken guarantees a constant minimum price increase until the price reaches the target. The process is fully automated, and the initial liquidity is locked. To get a smooth and continuous rise in prices, the rebasing mechanism can be called every hour.
Once the price reaches the ceiling of $1,337,000, the Gravitoken (GRV) becomes a stablecoin.
Related Pages:
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What are the main use cases for stablecoins? Let’s go over the crypto basics with CoinMarketCap Alexandria.
What is a Liquidity Pool? Learn more on our educational portal.
What is Binance Smart Chain (BSC) and how does it work? Click here and find out.
How to keep your crypto safe? Check out our series of tips and resources for protecting your cryptoassets.
How Many Gravitoken (GRV) Coins Are There in Circulation?
Gravitoken (GRV) is a gravity-free rebasing, autonomous, community token built on the Binance Smart Chain with 1 quadrillion $GRV in existence.
Gravitoken uses three functions to reward GRV holders. Transaction tax (9.81%) is levied on every transaction (buy or sell) and is allocated to LP acquisition, token redemption and marketing.
Gravitoken applies negative rebasing, whereby the total token supply is reduced, however, for GRV holders, the percentage of market capitalization is retained.
Thus, a 9.81% transaction tax is shared between:
Fusion LP is acquired: a 3.27% commission is taken from each transaction and added to the GRV/BNB liquidity pool. The function creates a solid price flood and provides part of the volume for token holders.
Antimatter: another 3.27% from each transaction is directed to the strategic buyback of tokens and their burning, the function is carried out automatically, increases the price and protects against volatility.
Marketing: 3.27% of the commission is allocated to support the growth of the Gravitoken community.
The listed functions provide a deep pool of liquidity, stabilize the GRV price and create a reliable price floor. Owners of GRV tokens are rewarded by reducing circulating supply and statically increasing the value of tokens. Finally, a strong marketing budget is helping to grow and develop the Gravitoken community.
How Is the Gravitoken Network Secured?
Gravitoken (GRV) is a BEP-20 token on the BSC. GRV is secured through the proof-of-stake (PoS) consensus mechanism. Furthermore, Gravitoken has successfully completed an audit by MythX — a smart contract security service, and the contract audit is available on the website.
Where Can You Buy Gravitoken (GRV)?
As of October 2021, Gravitoken is available for purchase on the GRV DApp. You can also buy $GRV on a decentralized exchange — PancakeSwap (V2) and observe the price rise by 9.81% every 8 hours, while the amount of tokens in your wallet is proportionally depleted.
Find out more about how to buy BTC, BNB and other cryptocurrencies like GRV by reading our dedicated crypto educational portal — CoinMarketCap Alexandria.