A price that defies gravity: Q&A with Gravitoken
- The main advantages to running on the BSC are the low gas fees
- Gravitoken was up 116.2% in 24 hours
- Total supply of tokens is reduced, which then increases the price of each token
GRAVITOKEN (GRV) is a project born out of the need for reliable price rises amongst a sea of volatility and red candles. They have created a token and a community investors can join with confidence.
Gravitoken is mathematically designed to increase in price every hour, allowing you to be worry-free knowing your investment is protected through a constantly increasing liquidity pool solidifying the price floor.
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Invezz gets the details right from the source: the Gravitoken team.
Your token is known as gravity-free. Can you explain what that means in layman’s terms?
It’s simple really, without gravity keeping us on the ground we’d all be floating upwards through space. This is what Gravitoken does, the price only goes up!
What are the advantages of running on BSC?
The main advantages to running on the BSC were the low gas fees so the barriers to entry for new investors were minimal. It’s also a really fast growing space so suited the trajectory of GRV.
According to Coingecko, Gravitoken was up 116.2% in the last 24 hours. What’s behind this impressive figure?
The rebasing feature certainly helps, as that reduces the supply periodically to ensure a level of price increase. However, the brilliant community, mod team and marketing push behind the project has certainly been key in its success.
Is it true that the tokens in the holder’s wallet will tend to decrease over time, but the value of each token will increase? How will you achieve that?
Yes, this is the rebasing feature and absolutely part of the design. In simple terms the total supply of tokens is reduced which then increases the price of each token. However every holder still owns the same percentage of the market cap, so this is the way to track investment value, we even made a hand dashboard to make this easy for people (Gravitoken.co.uk/dashboard).
A good example is imagine if you had ten coins each worth $1. The value of your investment would be $10. If a rebase halved the number of your coins but the market cap remained the same, you would have 5 coins, each worth $2. So your investment remains worth $10.
The Gravitoken has an elastic supply that is adjusted periodically. Based on what factors is the supply adjusted?
It is mathematically designed to increase in price 9.81% every 8 hours, the supply is constantly adjusting (through rebasing) to accommodate this.
Gravitoken’s ‘Solar Sail’ feature ensures the price will keep rising by 9.81% every hour up to a maximum of $1,337,000 per token, at which point the token becomes a stablecoin. Who developed this feature and how will it account for deflation? Also, how can you “guarantee” the price increase?
Once we reach the price peg then positive rebasing will kick in. This means that the number of tokens in a wallet may increase or decrease depending on the buy or sell pressure to keep the price per GRV stable at £1,337,000. The guaranteed price is tied to the rebasing as outlined in earlier questions but it’s important investors don’t focus on price as a mean of tracking their investment, it’s the percentage of the market cap they own and if that goes up or down which will impact things.
We also have exciting plans for NFTs and a Gravitoken Geyser to provide further earning opportunities from the project.
Anyone interested in learning more about the project should join us on Telegram: https://t.me/Gravitoken or check out Gravitoken.co.uk