GRV Tokenomics
Last updated
Last updated
The Whitehole Finance governance token is GRV. By securing GRV tokens, you may obtain veGRV and make use of the ecosystem's many planned benefits (boosts, tax rates, deductions). Through veGRV, it may also take part in protocol decision-making.(Governance)
Name: Gravity Ticker: GRV Chain: Arbitrum Max supply: 1,000,000,000 GRV Contract: 0x10031e7CFf689de64f1A5a8ECF4fBBc7Aa068927
There will be 1,000,000,000 (one billion) GRV issued in total.
Community incentive : 40% to Community Incentive Rewards over the next 10 years
Presale ($GRV IDO) : 10%
Eco system (Marketing) : 10% (Reserved for marketing rewards, pre-minted in a multisig)
Team : 20% to the Core Contributors vested linearly over 3 years
Reserves : 10% (pre-minted in a multisig)
Protocol Owned Liquidity : 10% (pre-minted in a multisig , 5% used for initial liquidity)
In the first week after the protocol launch, 1,350,000 GRV (0.45%) will be supplied as a reward. The weekly issuance will then increase and reach a maximum of 4,003,902 GRV in the 7th month after the regular launch, and then gradually decrease over the next 10 years.
This is a more advanced form of tokenomics, in which the emission is regulated until the protocol has grown enough to stabilize the token value. Sustainable Emissions prevent a rapid decline in governance token value in the early days of high APR, preserving the sustainability of the protocol and enabling sustainable growth.
| Years | Cumulative Tokens Issued | Cumulative % |
|---|---|---|
0 year
1,350,000
0.45%
1 year
145,949,262
48.65%
2 year
238,145,385
79.38%
3 year
275,252,168
91.75%
4 year
290,186,780
96.73%
5 year
298,616,831
99.54%
6 year
299,590,510
99.86%
7 year
299,982,393
99.99%
8 year
300,140,117
100%
9 year
300,203,597
100%
10 year
300,229,146
100%
