The goal of the developers is to minimize price movements. The company's mission is to lower barriers to entry and make cryptocurrency affordable. 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.
What Makes Gravitoken Unique?ĩ.81% of the token involved in every transaction is collected and redistributed among three features: Fusion, Antimatter and Marketing. 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. All that is known to the public is that Gravitoken is the brainchild of three friends who head three departments of the company. The founder of the project is part of the development team, however, his name is not common knowledge. Lately, numerous projects are leaning towards anonymity, Gravitoken is no exception. Gravitoken (GRV) was launched in July 2021 on the Binance Smart Chain ( BSC).
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. 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).Īccording to the developers, the growth of GRV will continue until it reaches the target guaranteed value of $1,377,000. 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). 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.
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