Gravity token is a digital token developed to create a decentralized financial ecosystem. This token type can be used in many applications and services within its ecosystem.
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What is Gravity?
First, let’s talk about the Gravity platform. According to research, this multi-chain payment platform is designed to be user-friendly and compatible with various blockchains by Galxe. With its multi-blockchain compatibility, this platform simplifies technical aspects and focuses on user-friendliness, helping users avoid the complexities of interacting with the blockchain.
To achieve these goals, Gravity has implemented advanced technologies such as Zero-Knowledge Proofs (ZKP), staking mechanisms, and consensus algorithms. These provide high performance, strong security, and significantly reduce transaction costs.
Additionally, the platform also serves as a payment gateway for user activities across all blockchains. This capability stems from multi-chain payment protocols designed to optimize fast processing and instant authenticity on high-performance blockchains.
What’s special about Gravity?
The most notable special features of Gravity that we can mention are:
- Cross-Chain Transactions: Enables developers to build and process transactions across various blockchains, enhancing efficiency and security in interactions.
- Secure and Robust PoS Mechanism: Gravity’s Proof-of-Stake (PoS) mechanism is supported by a combination of native G token staking and restacking protocols. This design incentivizes and brings together a diverse community to protect the Gravity chain.
- User-Friendly: Gravity prioritizes security as well as user-friendliness, aiming to appeal to both developers and users looking for a smooth blockchain experience.
- High-Performance Execution: Gravity integrates the fastest execution layer along with the advanced Jolteon consensus algorithm.
- EVM Compatibility: Gravity will be fully compatible with EVM, allowing developers to deploy and interact with smart contracts seamlessly.
How does Gravity work?
The way Gravity operates is through a cross-chain payment protocol, which enables the platform to optimize the performance of high-efficiency chains and ensure transaction finality. This protocol also allows applications to use Gravity as a payment layer for user transactions.
Additionally, the platform leverages the applications that utilize it to transition from private backends, where transaction history is not verifiable, to an open database. This transition enhances the interoperability for both users and developers in the Web3 space.
Currently, Gravity has been integrated into the Galxe ecosystem and is processing up to 60 million transactions per month, making it one of the leading blockchains in terms of transaction volume and user activity.
What are Gravity tokens?
Gravity token is the native token of the Gravity blockchain, which can be used to transact and participate in activities within the platform.
Specifications
- Token name: Gravity
- Ticker: G
- Type: Utility Token
- Blockchain: Ethereum ERC20
- Contract: 0x9C7BEBa8F6eF6643aBd725e45a4E8387eF260649
- Total supply: 12.000.000.000 G
- Circulating supply: 7.232.700.005 G
Distribution rate
Gravity tokens are currently allocated according to the following specific ratios:
- Community: 20.00%
- Marketing: 15.00%
- Team: 15.00%
- Growth Backer Round 1: 10.63%
- Growth Backer Round 2: 10.14%
- Foundation: 10.00%
- Advisors & Partners: 6.23%
- Coinlist Public Sale: 5.00%
- Ecosystem: 4.50%
- Early Adopters Rewards: 2.00%
- Launchpool: 1.50%
Gravity token Use Cases
Gravity tokens can be used for the following tasks:
- Participate in governance voting for the platform.
- Pay for applications built on Galxe.
- Compensation encourages activities that contribute to the ecosystem.
Where can Gravity tokens be traded?
At present, if you want to trade Gravity tokens, you can go to the exchanges that have listed them, the best crypto exchanges we recommend for you are Binance, KuCoin, CoinMarketCap,…
Conclusion
So we have come to the end of all the interesting content that we can learn and share with you about Gravity tokens. Thank you for taking the time to follow and see you again in other content at AZcoin.
I am Tony Vu, living in California, USA. I am currently the co-founder of AZCoin company, with many years of experience in the cryptocurrency market, I hope to bring you useful information and knowledge about virtual currency investment.
Email: [email protected]
