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Highlights:
- Grove Token describes itself as a decentralized, secure green token created with a focus on the environment.
- The GVR token is currently available for trading on PancakeSwap (V2), Bitmart, etc.
- It returned gains of 11.27% in the last seven days.
Many crypto projects were launched in recent years, pledging environmental safeguards in their operations. We explore one such crypto, Grove (GVR), which claims to be environment-friendly.
Also Read: Why is IDEX (IDEX) crypto up over 122%?
What is Grove (GVR) crypto?
Grove Token describes itself as a decentralized, secure green token created with a focus on the environment. It aims to create wealth for all GVR token holders through its climate-friendly approach.
According to its whitepaper, it aims to become the "number one" Global Green Payment System (GGPS). With growing concerns over the impact of crypto mining on the environment, it plans to focus on eco-blockchain solutions and a digital currency free of mining.
Also Read: Why is Decentralized Social (DESO) crypto drawing attention?
Grove is a green investment firm focused on renewable energy. Grove said that its GroveWallet would be the first green wallet and will promote eco-friendly use of digital currency.
It also claims that the Grove token trade gives high returns and rewards with low transaction costs.
It helps users to stack and earn. Its website claims that it redistributes 3% of its income from each transaction to token holders. The project was founded by John Ghemrawi, Richard Sultan, Mendy Parker, and John ElMasri. The token can be traded on PancakeSwap (V2), Bitmart, etc.
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The project could be gaining attention due to its climate pledge. In addition, its May 11 listing on CoinMarketCap.com (CMC) may have also helped gains in the token. However, investors should closely evaluate the asset before investing in it.
Also Read: What is IOTA (MIOTA) crypto and why is it rising?
Data source: CoinMarketCap.com
Bottom line:
The Grove (GVR) token was priced at US$$0.000000000138 at 8:51 am ET on May 18, up 10.35%, while its volume for the last 24 hours rose 1.87% to US$298,898. It has a market cap of US$9.84 million, and its fully-diluted market cap is US$13.77 million.
The token has a maximum and total supply of 99.54 quadrillion, and its self-reported circulating supply is over 71.28 quadrillion. It returned gains of 11.27% in the last seven days, and 16.81% in the last 30 days.
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