Gravity(G) coin issuance price, total amount and white paper introduction

Gravity Coin (G) is a governance token with an issuance price of $0.01 and total supply of 100 million, serving as the cornerstone of the Gravity Bridge's cross-chain interoperability.

Jan 05, 2025 at 03:12 am

Gravity Coin (G) Issuance Price, Total Supply, and White Paper Introduction

Key Points:

• Gravity Coin (G) is the native token of the Gravity Bridge, a cross-chain bridge connecting the Cosmos ecosystem to Ethereum.
• The issuance price of G was $0.01.
• The total supply of G is 100 million tokens.
• The Gravity Coin White Paper provides an in-depth overview of the Gravity Bridge and its governance token.

Issuance Price

The issuance price of Gravity Coin (G) was $0.01. This was set during the token's initial distribution through a public sale in December 2021. The sale raised $1 million and distributed 10 million G tokens to participants.

Total Supply

The total supply of Gravity Coin (G) is 100 million tokens. Of this amount, 10 million tokens were distributed during the public sale, and the remaining 90 million tokens are allocated as follows:

• Team and advisors: 10% (10 million tokens)
• Ecosystem grants: 20% (20 million tokens)
• Marketing: 5% (5 million tokens)
• Treasury: 20% (20 million tokens)
• Community incentives: 45% (45 million tokens)

White Paper Introduction

The Gravity Coin White Paper provides a comprehensive overview of the Gravity Bridge and its governance token, G. The white paper covers the following topics:

• Introduction: An overview of the Gravity Bridge and its mission to facilitate interoperability between the Cosmos ecosystem and Ethereum.
• Background: A discussion of the challenges of cross-chain bridging and the advantages of Gravity Bridge's proof-of-stake (PoS) consensus model.
• Gravity Bridge Architecture: A technical overview of the Gravity Bridge's architecture, including its dual consensus mechanism and fraud detection system.
• Gravity Coin (G): An introduction to G, the governance token of the Gravity ecosystem, and its role in securing the bridge and incentivizing participants.
• Tokenomics: A detailed explanation of the G token's supply distribution, vesting schedule, and inflation mechanism.
• Governance: A description of the Gravity Bridge's on-chain governance system, which allows G token holders to participate in decision-making through voting.
• Security: A discussion of the security measures implemented in the Gravity Bridge to protect against fraud and ensure the integrity of transferred assets.

FAQs

Q: What is the purpose of Gravity Coin (G)?
A: G is the governance token of the Gravity Bridge and plays a crucial role in securing the bridge, incentivizing participants, and facilitating the decentralized governance of the bridge.

Q: How do I acquire Gravity Coin (G)?
A: G tokens can be purchased through centralized and decentralized cryptocurrency exchanges, such as Binance, Coinbase, and Uniswap.

Q: Is Gravity Coin (G) a stablecoin?
A: No, G is not a stablecoin. Its value is determined by market supply and demand and can fluctuate over time.

Q: What is the vesting schedule for Gravity Coin (G)?
A: The vesting schedule for G varies depending on the allocation. Tokens allocated to the team, advisors, and ecosystem grants have a vesting period of 24 months. Tokens allocated for marketing and the treasury are vested over 12 months. Community incentives tokens are vested over 6 months.

Q: How does the Gravity Bridge prevent fraud?
A: The Gravity Bridge utilizes a multi-layer security model to prevent fraud and ensure the integrity of transferred assets. This includes a PoS consensus mechanism, a fraud detection system, and a fast finality mechanism.