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Highlights
- Gravitoken (GRV) is a community driven DeFi token with an elastic supply mechanism.
- Launched in 2021, Gravitoken operates on the Binance Smart Chain.
- The project is designed in a manner where the token price will continue to rise by at least 9.81% every 8 hours till it hits US$1,337,000.
Gravitoken (GRV) is a community driven DeFi token, which has an elastic supply mechanism. Launched in 2021, Gravitoken operates on the Binance Smart Chain and is mathematically designed in a way, which would protect the investments by growing liquidity pools. As it is mathematically developed, it adjusts the liquidity pool accordingly to create a stable minimum price level.
According to the official website, the project it designed in a manner where the price of the token rises by a minimum of 9.81% every eight hours till it reaches a US$1,337,000. Following which, it will be converted into a stablecoin. The idea behind it was to create a token than can stand the test of time amid market volatility. The token is protected due to the presence of liquidity pools.
So, the question is will Gravitoken be a viable investment for the investors?
Marketing push or unique mechanism?
Well, it’s safe to say that GRV has a very clever marketing approach in pushing the coin. It packages the token brilliantly with the information on website claiming that the tokens in the holder’s wallet tend to decrease over time, but the value of each token will increase.
Also read: Gravitoken: Is This Crypto’s Astonishing Growth Too Good to Be True?
Gravitoken, through its automatic liquidity pool algorithm, collects 9.81% fee to make any form of transactions and then breaks into the Gravitoken Antimatter, Fusion, and Marketing.
Is Gravitoken a viable investment option?
The Gravitoken Antimatter ensures that the price will keep rising. This is where many investors tend to question if this is indeed too good to be true token, wherein they would see the prices rise, despite volatility.
Also read: Bitcoin surges past $50,000 for the second time in two days
The Gravitoken Antimatter strategically sucks the tokens, and this is eventually brought back and crushed. Almost 3.27% of every transaction is converted into Gravitoken Antimatter and this allows it to increase the price, keeping holders safe from the harsh vacuum of the market.
The Fusion acts as an arbitrage resistant mechanism, through which the volume of Gravitoken is distributed as a reward to the holders.
Should you go for GRV?
Gravitoken is governed by its native token GRV and it is ranked 3457 on CoinMarketCap and was trading at US $7,261.18 with a 24-hour trading volume of US $236,631. At the time of writing (BST 8:50 am), GRV was in a rally mode and was up by 52.15% in the last 24 hours and has a fully diluted market cap of $1,316,332,039,417,458,688.
Having said that, there is market interest and Thursday’s trading session also saw a volume spike of 2.28%, which should give a few others some incentive to join while the rally is there. The Gravitoken saw a mammoth 66640% gain on 27 September, raising a plenty of eyebrows as a potential investment opportunity.
In conclusion, for investors can find Gravitoken’s mechanisms too complicated or questionable at times. Many crypto analysts believe that one should only invest in the token if you are ready to lose your money. Now that doesn’t send great signals to an investor who would possibly be turning to market experts for advice.
But if the rally indeed continues, this could well turn out to a golden goose.
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