What Is Gravity (G)?
What Is Gravity (G)
Gravity is a Layer-1 blockchain engineered by Galxe, the largest open credential data network in the Web3 space. Born from Galxe's need for more efficient, scalable, and secure cross-chain interactions to support its growing user base and transaction volume, Gravity was created as an omnichain solution integrated with the Galxe ecosystem.
Gravity facilitates seamless interactions between different blockchains, allowing users to effortlessly execute cross-chain transactions, such as swapping tokens or transferring NFTs between different networks. By utilizing a cross-chain settlement protocol designed to maximize its capabilities as a high-performance and fast-finality chain, applications can use Gravity as a settlement layer for executing user intent on any chain, promoting efficiency and interoperability within different blockchains.
To maintain security and privacy for its users despite interacting with multiple types of blockchains, Gravity uses technologies like zero-knowledge proofs (ZK-proofs) to verify transactions without having to reveal the underlying data. User-friendliness is also one of Gravity’s strengths, as the platform strives to onboard new users into the cryptocurrency space by minimizing the technical complexities of blockchain interactions.
How to Trade G on Flipster
Sign up for an account on the Flipster website or by downloading the Flipster app (Android or Apple).
Click the [Trade] tab.
Search for G and click on it.
Select the leverage (up to 100x).
Select either a Trigger Order or Market Order.
Input the amount of crypto you wish to trade, or select a percentage of your available funds to use.
Once you have confirmed the details, click the [Long] or [Short] button to open a position.
G Tokenomics
Name: Gravity
Symbol: G
Total Supply: 12,000,000,000 G
Current Price: $0.03418 (on 2 Oct, 2024)
Market Cap: $246,936,952 (on 2 Oct, 2024)
Token Allocation:
Launchpool: 1.50% of supply
Early Adopter Rewards: 2% of supply
Ecosystem: 4.50% of supply
Coinlist Public Sale: 5% of supply
Growth Backer Round 1: 10.63% of supply
Growth Backer Round 2: 10.14% of supply
Advisors & Partners: 6.23% of supply
Marketing: 15% of supply
Foundation: 10% of supply
Team: 15% of supply
Community: 20% of supply
How Does Gravity Work?
Designed to be the foundation for an interconnected blockchain ecosystem, Gravity aims to enable users to seamlessly navigate between different chains and access a wide range of applications and services. Some of it's other key benefits are:
Galxe Ecosystem
Gravity is integrated with the Galxe ecosystem. Gravity can tap into Galxe's existing user base and infrastructure, including products like Galxe Quest, Compass, Passport, Score, Alva, and the Galxe Identity Protocol. Interconnectedness of ecosystems provides developers with access to a vast audience, encouraging them to build projects on the Gravity blockchain.
Cross-Chain Transactions
One of the core functionalities of Gravity is its ability to facilitate seamless cross-chain transactions, such as swapping tokens between Ethereum and Solana, or transferring NFTs from Polygon to Binance Smart Chain. Gravity makes this possible by acting as a bridge between different blockchains, allowing users to move digital assets and interact with smart contracts across various networks with ease.
Enhanced User Experience
Gravity aims to make blockchain technology more user-friendly by providing developers with tools to build simpler and more secure ways for users to interact with their applications.
For example, Gravity makes it easier to create wallets that allow users to log in with things like their fingerprint or a PIN instead of complicated passwords. The secp256r1 curve is a special tool used in cryptography for creating secure digital keys. Gravity provides this tool as a precompiled contract, which works as a pre-built module that developers can easily add to their applications.
EVM Compatibility
Gravity is designed to be fully EVM-compatible. Developers familiar with the Ethereum Virtual Machine can easily deploy and interact with smart contracts on Gravity, fostering a smooth transition and encouraging the development of a thriving ecosystem of decentralized applications.
Why Trade G
G is the native token of the Gravity blockchain, and also has a wide range of uses and enables crucial functions in both the Gravity and Galxe ecosystems.
Gas Token: Similar to how ETH is used on the Ethereum network, G is the fuel that powers transactions on the Gravity blockchain. Users need G to pay for transaction fees when sending tokens, interacting with smart contracts, or using decentralized applications (dApps) built on Gravity.
Governance Token: G empowers holders to participate in the governance of both the Gravity and Galxe ecosystems. They can vote on proposals related to network upgrades, fee structures, and other critical decisions that shape the future of both platforms.
Staking: Users can stake their G tokens to contribute to the security and stability of the Gravity network. Staking involves locking up tokens to help validate transactions and prevent malicious activity. In return for their contribution, stakers often earn rewards, further incentivizing participation and strengthening the network.
Rewards within the Galxe Ecosystem: G tokens can be used to participate in various activities and campaigns within the Galxe ecosystem, potentially earning users exclusive rewards for activities like completing Galxe Quests, participating in governance votes, or contributing to the growth of the community.
Disclaimer: This material is for information purposes only and does not constitute financial advice. Flipster makes no recommendations or guarantees in respect of any digital asset, product, or service. Trading digital assets and digital asset derivatives comes with significant risk of loss due to its high price volatility, and is not suitable for all investors.