GravitokenGravitoken price GRV
What Is Gravitoken (GRV)?
Gravitoken (GRV) is a digital currency with an elastic supply mechanism — it is mathematically calculated to increase in price every 8 hours, thus investments are protected by a constantly growing liquidity pool, which is responsible for strengthening the minimum price, aka the price floor, until it reaches a ceiling of $1,337,000 where it becomes a stablecoin.
The official website of the project indicates that a prerequisite for the creation of the token was the need for a cryptocurrency that can withstand market volatility, and the token is insured against volatility due to the liquidity pool (the developed formula adjusts the liquidity pool to create a stable minimum price level). The creators of Gravitoken guarantee a constant growth of GRV or "DeFi gravity" — the cryptocurrency is calculated to increase in price by a minimum of 9.81% (every 8 hours).
According to the developers, the growth of GRV will continue until it reaches the target guaranteed value of $1,377,000. This amount will be derived from a 9.81% fee on each transaction, which goes to token buyback and burns, automatic liquidity pool algorithm and the marketing budget, at 3.27% respectively.