GRAND TOKENOMICS

5 min readNov 14, 2023

Close to our launch date, the TGE will take place this November,but first, let’s take a look at our tokenomic.

Grand Base tokenomic is meticulously designed to ensure long-term viability, incentivize engagement, and is optimized for all contributors. In this detailed presentation, we describe tokenomics, highlighting the mechanisms and strategic efforts built into its structure.

GRAND TOKEN

$GB is our governance token, here is a breakdown of the distribution and allocations.

65% of the total supply is dedicated to the community (75% if initial liquidity is included), in addition to this, this 65% of the supply will not be minted at once, but is out of circulation before the rollout of our mainnet scheduled for Q1 2024 and will serve as a reward and incentivized our ecosystem.

At TGE only 6.5M tokens will be in circulation (13%).

Here is a breakdown of the vesting

Staking Rewards: Tokens will be minted upon our staking program’s launch, governed by smart contracts, and will not be circulated until then.
Trading Incentives: Tokens will be minted upon our staking program’s launch, governed by smart contracts, and will not be circulated until then.
Team Tokens: 0% TGE. Tokens unlock starts one month post TGE with an initial 5% release on a weekly basis.
Marketing: 30% TGE, 5% weekly vesting.
Private Sale: 0% TGE. Tokens release 30% two days after TGE, then 10% weekly.

The exact circulating supply at launch is 6.5M tokens with the following metrics,

Launch Price: $0.004
FDV at listing: $200,000
Market cap at launch: $26,000

We made the strategic decision to run a private sale to ensure a solid foundation and the support of committed early investors who understand the long-term vision of our project. This private sale enables us to secure the necessary funding while retaining the majority of the tokens — 75% — for the community.

Private sale price: $0.005
Private sale FDV: $250,000
Vesting: 0% TGE

Staking and utility

Let’s get down to the heart of the subject, boosting our ecosystem involves the mechanisms we’ve put in place.

We generate optimal value by combining everyone’s interests to dynamically drive our ecosystem centered on a single token, the $xGB token, a locked version of $GB.

We’re not just distributing tokens, unlike typical reward systems that offer immediate liquid tokens, the xGB is here to enhance the ecosystem and benefit everyone.

As xGB is at the heart of this mechanism, we generate and promote interest to hold it, and for that, xGB holders are rewarded with revenue sharing, coming from a Real Yield generated by our platform.

Both traders and liquidity providers are a key aspect of the protocol and together they form the major backbone of Grand Base, for this reason, both are rewarded with xGB.

And comes along with flexibility for xGB holders, providing two options for converting their holdings into liquid $GB tokens

Immediate Redemption: Convert xGB to liquid $GB instantly with an exit fee.
Cooldown Period: Redeem xGB, full conversion to liquid $GB.

This system balances immediate liquidity needs with the benefits of holding, giving users control over their investment strategy.

Trading incentive — Trade & Earn

As part of our ongoing commitment to rewarding the community while keeping everyone’s interests in mind, we have developed the Trade & Earn program.

Rewards are distributed proportionally, based on statistics such as traders’ total trading volume, number of transactions, etc. To do so, a total of 20% of the supply is dedicated to this program.

Grand collector, simplifying revenue flow

As soon as our mainnet is live, the protocol will generate revenue and they will be used for the good of the protocol and token holders as follows

The GRAND COLLECTOR is a dedicated smart contract that serves as the GB protocol’s treasury, aggregating fees from various transactions.

It systematically gathers fees from minting, liquidation, and other on-chain activities, ensuring a steady revenue stream, and then the collected funds are strategically deployed to market buy $GB token.

These tokens are then sent to our reward system to reward governance token lockers, this allows us to strengthen the protocol liquidity, and facilitate token management strategies like buybacks or burns.

Not only does it enable us to maintain constant buying pressure through automated buybacks in a transparent manner, but it also rewards the most loyal users, the xGB holders. Grand Base users are incentivized by these long-term rewards and, if they wish, they can opt for a liquid position.