🪙Tokenomics

The $GRP token is a utility token built on the TON blockchain. It serves as a medium of exchange, a store of value, and a governance mechanism within the Groop ecosystem.

Token Distribution

The total supply of $GRP tokens will be 100,000,000 $GRP. The tokens will be distributed as follows:

The community rewards pool will be allocated to members for referrals, engagement, and other community contributions. The public sale, conducted on a centralized exchange (CEX), will make $GRP tokens available to the wider crypto community, raising funds to support further development and ecosystem growth. The funds raised through the private investment will be used for initial development, marketing, and operational expenses. The airdrop will be used to distribute $GRT tokens to early adopters and active community members, further incentivizing participation and promoting the adoption of the platform.

Token Utlity

The $GRP token is the cornerstone of the Groop ecosystem, driving participation, engagement, and community growth. Its utility spans across various aspects of the platform, offering multiple ways for members and creators to benefit.

Membership Access: $GRP tokens are the key to unlocking exclusive communities on Groop. Users can utilize their tokens to purchase memberships to a variety of groups tailored to their specific interests, unlocking access to premium content, private discussions, and specialized events. By holding a specific amount of $GRP, members can also unlock tiered memberships with additional perks and benefits.
Voting and Governance: Groop believes in the power of community-driven decision-making. By holding $GRP tokens, members gain the right to participate in the governance of the platform. They can vote on proposals related to platform upgrades, feature implementations, tokenomics adjustments, and other key decisions, ensuring that the community's voice is heard and the platform evolves to meet their needs.
Staking Rewards: To encourage long-term holding and active participation, Groop offers staking rewards for $GRP holders. By staking their tokens, users contribute to the security and stability of the network and, in return, earn a percentage of the platform's revenue. This creates a passive income stream for token holders and strengthens the overall value proposition of $GRP.
Community Rewards: $GRP tokens are not just for transactions and governance, they're also a powerful tool for community building. Creators can distribute $GRP tokens as rewards for various activities, such as creating high-quality content, actively participating in discussions, referring new members, or achieving milestones within the community. This gamified approach fosters a sense of camaraderie and encourages active participation, driving the overall health and growth of the Groop ecosystem.
Groop Boosting: Creators can leverage $GRP tokens to amplify the visibility of their Groop communities. By spending $GRP, creators can promote their groups, reaching a wider audience and attracting new members. Groop Boosting features will include targeted advertising campaigns within the Groop platform, sponsored listings in the Groop community directory, and other promotional tools that leverage the network effects of the platform.

The versatility of the $GRP token ensures that it remains a valuable asset within the Groop ecosystem, driving engagement, fostering community growth, and providing a range of benefits to both creators and members.

Token Burning Mechanism

To ensure the long-term value and stability of $GRP tokens, Groop implements a deflationary mechanism through a buyback-and-burn program. A portion of the platform's revenue, specifically 5% of all membership fees collected, will be used to repurchase $GRP tokens from the open market. These repurchased tokens will then be permanently removed from circulation (burned), effectively reducing the total supply of $GRP tokens. This deflationary pressure aims to increase the scarcity and value of the remaining tokens over time, benefiting long-term holders and fostering a healthy token economy.

The buyback-and-burn process will be executed through a smart contract, ensuring transparency and automation. The frequency and amount of tokens burned will be determined by pre-defined parameters and may be adjusted over time based on community governance decisions. This approach aligns with successful token burn models seen in projects like Binance ($BNB) and PancakeSwap ($CAKE), which have demonstrated the effectiveness of such mechanisms in creating a more sustainable and valuable token ecosystem.

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Last updated 4 months ago

Token Distribution

The total supply of $GRP tokens will be 100,000,000 $GRP. The tokens will be distributed as follows:

Token Utlity

Membership Access: $GRP tokens are the key to unlocking exclusive communities on Groop. Users can utilize their tokens to purchase memberships to a variety of groups tailored to their specific interests, unlocking access to premium content, private discussions, and specialized events. By holding a specific amount of $GRP, members can also unlock tiered memberships with additional perks and benefits.

Voting and Governance: Groop believes in the power of community-driven decision-making. By holding $GRP tokens, members gain the right to participate in the governance of the platform. They can vote on proposals related to platform upgrades, feature implementations, tokenomics adjustments, and other key decisions, ensuring that the community's voice is heard and the platform evolves to meet their needs.

Staking Rewards: To encourage long-term holding and active participation, Groop offers staking rewards for $GRP holders. By staking their tokens, users contribute to the security and stability of the network and, in return, earn a percentage of the platform's revenue. This creates a passive income stream for token holders and strengthens the overall value proposition of $GRP.

Community Rewards: $GRP tokens are not just for transactions and governance, they're also a powerful tool for community building. Creators can distribute $GRP tokens as rewards for various activities, such as creating high-quality content, actively participating in discussions, referring new members, or achieving milestones within the community. This gamified approach fosters a sense of camaraderie and encourages active participation, driving the overall health and growth of the Groop ecosystem.

Groop Boosting: Creators can leverage $GRP tokens to amplify the visibility of their Groop communities. By spending $GRP, creators can promote their groups, reaching a wider audience and attracting new members. Groop Boosting features will include targeted advertising campaigns within the Groop platform, sponsored listings in the Groop community directory, and other promotional tools that leverage the network effects of the platform.

Token Burning Mechanism