The Grindery ecosystem features two core tokens, G1 and GX, each with distinct utilities aimed at enriching the platform's community and facilitating transactions. The G1 token is a Social Finance (SocialFi) token designed to reward users for community engagement, including activities like referrals and participation in network growth. It unlocks exclusive rewards, access to special events, and other community-driven benefits. On the other hand, the GX token serves as the ecosystem's utility token, simplifying the user experience by allowing for gasless transactions across multiple blockchains. This token streamlines operations within the Grindery wallet, making it easier for users to manage their transactions and engage with the decentralized web. Together, these tokens form the backbone of Grindery's tokenomics, driving user engagement and simplifying transactions, thereby fostering a participatory and efficient community.

Whats is the G1 Token?

<aside> 💡 The G1 is a social token that can be exchanged for GX

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The G1 is Grindery's social token, with its issuance beginning in early September 2023. Its primary purpose is to incentivize user sign-ups and referrals, the G1 has succeeded remarkably. Today, it represents our broad and diverse user base, boasting over over a million token holders on Polygon and opBNB Networks. The first utility case for the G1 token is its role in identifying Grindery's Most Valuable Users (MVUs). These MVUs, determined by their G1 holdings and usage patterns, qualify for the private token sale. In other words, the amount of G1 you hold and how you have utilized it will be a crucial criteria to determine eligibility for some of the private token sales.

The G1 token is set to expand its utility, allowing participation in third-party quests and airdrops and rewarding activities within the Grindery network. In the future, it will also enable the redemption of GX tokens. Notably, the GX token has allocated 28% of its total to the community, primarily for distributing it to G1 holders.

For more detailed information about G1 and GX, including their total supply and issuance, please review the tokenomics.

Grindery One Token (G1) on Polygon: 0xe36bd65609c08cd17b53520293523cf4560533d0

Grindery One Token (G1) on opBNB 0xe36bd65609c08cd17b53520293523cf4560533d0

Token Details