Disclaimer: This page may contain affiliate links. CoinMarketCap may be compensated if you visit any affiliate links and you take certain actions such as signing up and transacting with these affiliate platforms. Please refer to Affiliate Disclosure
Giant Mammoth news
About Giant Mammoth
What Is Giant Mammoth (GMMT)?
Giant Mammoth is a global Web3 lifestyle service platform based on its proprietary mainnet, the Giant Mammoth Chain. By integrating lifestyle services that are closely related to our daily life—including healthcare, e-commerce, webtoons, gaming, and second-hand trading—with blockchain technology, Giant Mammoth provides safe and transparent services. And it builds a virtuous cycle ecosystem where users can earn and use profits through life activities and hobbies.
Who Are the Founders of Giant Mammoth?
Giant Mammoth is developed in 2022 by John Baek.
John Baek seeks to impact the world through creativity and innovation, He has deep domain knowledge in technology and blockchain that has empowered him to provide unique, creative, and effective strategies for building a business in both the Web2 and Web3 space. He wins multiple awards including the New Technology Innovation Award and Frontier Leader Award. He holds more than 30 trademarks and patents related to blockchain and Artificial Intelligence under his belt.
What Makes GMMT Unique?
Giant Mammoth provides more transparent and secure services to the public by incorporating blockchain technology into services closely linked to everyday life. It also provides a virtuous cycle of economic environment in which consumers can make money in the mammoth ecosystem and reuse the money they get to enjoy services.
Not only that Giant Mammoth is helping non-blockchain companies enter the blockchain industry through Giant Mammoth Chain and continuously expanding the Mammoth ecosystem.
How Many Giant Mammoth (GMMT) Coins Are There in Circulation?
The total supply of GMMT is 5,000,000,000 tokens, according to the following token distribution:
Ecosystem 3,000,000,000 (60%)
Operation 750,000,000 (15%)
Investment 750,000,000 (15%)
Foundation 250,000,000 (5%)
Marketing 150,000,000 (3%)
Team 100,000,000 (2%)
How Is the Giant Mammoth Network Secured?
Giant Mammoth Chain relies on Proof-of-Stake Authority (PoSA) consensus algorithms. This is a hybrid approach that combines the advantages of Delegated Proof of Stake (DPoS) and Proof of Authority(PoA).
DPoS is an agreement algorithm in which a person who has been granted the right to vote according to the amount or duration of cryptocurrency holdings selects a verifier through voting.
PoA is a consensus algorithm that selects verifiers based on the reputation or identity of individuals and organizations. Because blocks and transactions are validated only by pre-approved participants, the system is highly scalable.
PoSA is a consensus algorithm that combines this DPoS and PoA consensus method.
A person with a large amount of cryptocurrency holdings selects a verifier through a vote and re-elects a verifier every 24 hours to dismiss a less reliable verifier. This enables fast processing while maintaining security.
The live Giant Mammoth price today is $0.496167 USD with a 24-hour trading volume of $1,268,919 USD. We update our GMMT to USD price in real-time. Giant Mammoth is down 3.41% in the last 24 hours. The current CoinMarketCap ranking is #1234, with a live market cap of $4,636,007 USD. It has a circulating supply of 9,343,650 GMMT coins and the max. supply is not available.