Tokenomics refers to the economic system and mechanics behind a cryptocurrency or blockchain token. It encompasses the various ways in which a token is distributed, used, and valued within a blockchain ecosystem. Tokenomics plays a crucial role in defining the token's utility, value proposition, and its overall function within the network.
There are a total of 50,000,000,000 GROW tokens with a halving that occurs each year. Distribution began on January 16, 2024 and will continue as follows:
- Year 1: 25,000,000,000 tokens (50% distributed)
- Year 2: 12,500,000,000 tokens (75% distributed)
- Year 3: 6,250,000,000 tokens (87% distributed)
- Year 4: 3,125,000,000 tokens (93% distributed)
- Year 5: 1,562,500,000 tokens (96% distributed)
- And so on until all tokens are distributed
Tokens are distributed every day throughout the year to those who operate Grow nodes. The distribution of tokens will be determined based on the total number of action points earned from participating in the specified activities.
Disclaimer: GROW is a digital reward distributed through the Grow node network according to predetermined smart contracts. GROW is designed to have utility on the Grow platform for the purchase of Grow products and services, although other cryptocurrencies may be used as well. GROW is not available for purchase from Grow. GROW is not an investment product and may never have any value. Grow node owners should not expect to recognize any value from GROW other than its utility with Grow. Although Grow plans to undertake efforts to become a successful business. It is highly likely that GROW’s value will not correlate with the success or failure of Grow.