The world's first utility token for asset management
The GRG utility token
- The very reason we exist
Blockchains are being recognized as a more secure and efficient way of transferring value. With the emergence of a token based economy, it is critical to build standards for organizing value in the form of tokens. We have seen networks, marketplaces and standards for exchanging value. Yet no viable protocol for organizing value exists.
- The GRG utility token
The GRG token is the world’s first utility token for asset management, compliant with Swiss regulatory requirements as a result of the KYC/AML controls for the public sale participants and the intrinsic utility it holds. GRG is an inflation token, like Ether. 10’000’000 GRGs are preminted.
- Access utility
Users/pools looking to unlock premium protocol features (i.e. GRG staking) are required to hold GRG.
- Incentives utility
The Proof-of-Performance algorithm automatically rewards the pools operators. In order to qualify for the reward, each pool operator must hold a dynamic minimum amount of GRG tokens.
- Governance utility
The parameters of the Proof-of-Performance algorithm, which determine the resulting overall inflation, are set by the token holders. The rationale is based on game theory: token holders have an incentive to set the parameters to 0, in order to create 0 inflation and maximize the token’s unitary value. However, since the RigoBlock protocol has a continuous funding model, which is designed to attract external develop and grow the ecosystem, the GRG token holders have an incentive to set the minimum parameters which allow for optimal network functioning.
- The GRG token sale
1’500’000 GRGs are being offered to the public through a token sale. All allocated tokens will be distributed to the public. Tokens are distributed at a maximum price of 8 USD per token and a minimum price of 3 USD per token. This model ensures that there are practically no unsold tokens and the final price of the token is a result of the matching between demand and offer, with a cap and a floor (a maximum and a minimum price) to avoid market abuse.