GROSH Stake

GROSH Stake

Posted on : 10 May, 2022    |    Last Update - 3 months ago   

GROSH Stake

Besides the token sale, the GROSH stake was the distribution of the GROSH Coin.

Initially, the total emission of GROSH coin was undistributed and not circulating in the community.
The distribution process was "GROSH Stake" — where each stake with supported cryptocurrency, which was active for 100 days, has released 125% of staked value in GROSH Coin, which price was 1.00 EUR.
After 100 days, the user's Gx.. wallet who set the stake has received the same value in staked cryptocurrency. Further, the amount of that cryptocurrency decreases for a proportional difference, calculated per their price change — according to the DPMC mechanism.
In less than one year, stakeholders staking activities completed the GROSH distribution process on March 10th, 2021. The total supply of Grosh Coin, 210,000,000 GROSH, has become available inside the Geton Startup Ecosystem. Grosh Coin smart contract was deployed to the Ethereum network (0xd92b3100e19bef7a32aef1451d891f99f9316e13).
Now, we are implementing another development stage, where the price of GROSH Coin will increase according to activities on supported InstantBeta projects. Additionally, GROSH Coins, which the community activities have collected in the Liquidity poll, will be exposed to the burning process, increasing the price according to GROSH Coin Dynamic Price Modeling Concept. GROSH Coin listing process on the global market has started.
 

How to buy tokens, stake tokens, and collect stake rewards?

Principles:

- open a GROSH Stake for 100 days. After 100 days, such a stake has the same value in the cryptocurrency used, plus a reward in GROSH coin. That "rewarding" was released from the GroshCoin distribution process and represented a proportionate amount of GroshCoin flowed into circulation.

- Traders (users) were able to exchange the income (sell GroshCoin) in the "withdraw" mechanism inside the Grosh exchange pool - later upgraded to "GROSH Swap."

- Traders (users) who entered the ecosystem or wanted to buy additional cryptocurrencies with GroshCoin were buying them from the exchange pool - according to the timestamp of the sales order sequence. The buyers of these vouchers were users who bought GroshCoin through the "deposit" mechanism - thus buying a GROSH voucher that they could use to buy cryptocurrency or pass it on to others. The seller received the revenue in EUR to the specified bank account and/or in the form of BTC to the provided BTC address.

- Traders (users) were always buying cryptocurrencies through the Grosh Stake mechanism from those selling them with a 32% and 45% discount, respectively, with GroshCoin. Mechanism assigned that income into the structure above the buyer (their invitees). Cryptocurrency sellers received from 68% to 55%. The system charged a 1% commission on transfers.

- GroshCoin was pegged to 1 EUR, currently 1.20 USDT.

- For each GROSH Stake, a liquidity pool system that accumulated those cryptocurrencies purchased by the ecosystem due to the operation of the DPMC mechanism with GroshCoin created twice the value of the same trading order for each GROSH Stake order. By 10 March 2021, 210 M GroshCoin had been distributed among traders (users) of marketing platforms. The Grosh stake mechanism results that approximately 1/3 of available cryptocurrencies had been collected in the liquidity pool. The exact balances are presented in the "Official wallets."

 

How cryptocurrency trading is organized inside Geton Startup Ecosystem?

Blockchain technology and how cryptocurrencies are using this technology?

Basic principles and facts when buying and selling cryptocurrencies

 

Still No Luck ? We can help you

Create a ticket, we’ll get back to you as soon as possible.

Submit a Ticket