Gravity (G) is an omnichain Layer-1 smart contract platform. It aims to provide a scalable, secure, and efficient infrastructure for complex cross-chain transactions.
As part of the Galxe ecosystem, Gravity employs zero-knowledge proof (zk-proof) systems and the latest consensus mechanisms. It is also compatible with the Ethereum Virtual Machine (EVM), allowing decentralized applications (dApps) built on Ethereum to easily utilize the Gravity blockchain.
In this article, we will answer questions such as “How does Gravity work?”, “What is G Token?”, “What is the supply of G Token?”, and “Where can you buy G Token?”.
The G Token Project
Considered one of the top Web3 coins, G Token is the native cryptocurrency of the Gravity blockchain. It serves as a utility token for both the Gravity blockchain and the Galxe ecosystem.
Transaction fees (gas fees) on the Gravity network are paid using G Token. It can also be staked to earn rewards through the network’s Proof-of-Stake (PoS) consensus mechanism.
G Token also functions as the cryptocurrency for the Galxe platform. As part of this, the previous GAL tokens of Galxe have been converted to G Tokens on a 1:1 basis. G Token inherits all functionalities previously held by GAL Token.
Founders of the Gravity Project
Gravity (G) was developed by Charles Wayn, Harry Zhang, and Xinlu C, the founders of Galxe.
G Token Statistics
The total supply of G Token is set at 12 billion.
How Does the Gravity Blockchain Work?
Gravity (G) uses a PoS consensus protocol designed to maximize the capacity of its high-performance, fast-settlement network. This protocol enables decentralized applications (dApps) on different blockchains to use Gravity as a consensus layer for their transactions.
One of the unique aspects of Gravity’s PoS consensus mechanism is its use of protocols like Babylon and EigenLayer, allowing G Tokens to be restaked.
What Makes the Gravity Project Unique?
Created by the Galxe project, Gravity aims to provide scalable, high-speed, truly efficient, and secure infrastructure for the Web3 ecosystem. What sets it apart from other smart contract-enabled platforms is its promise of cross-chain interoperability within a scalable framework and the ability to restake within its consensus mechanism. These features position Gravity among the top Layer-1 networks.
How to Buy G Coin?
G Coin can be safely bought and sold on Binance, the world’s largest cryptocurrency exchange.
To purchase G Coin, you first need to sign up for a Binance account. After completing the registration process, you’ll need to transfer funds to your Binance wallet, either in cryptocurrency or fiat currency like Turkish Lira. Once the transfer is complete, you can purchase G Coin from the available trading pairs.
To buy G/USDT, navigate to the trading interface for this pair. Enter the amount you wish to purchase in the limit section and complete the purchase by placing a “Buy G” order.
This way, you can buy G Coin through a reliable platform like Binance and become part of the G ecosystem.
G Token Commentary
Gravity (G) is a Layer-1 network that offers significant advantages for decentralized applications (dApps), with its promise of high scalability and compatibility with multiple blockchains, including Ethereum. The G Token, the platform’s cryptocurrency, also serves as the native token of the Galxe platform. Today, G Token is considered one of the top Layer-1 tokens and a promising altcoin with significant future potential.
Frequently Asked Questions About Gravity (G)
What is Gravity?
Gravity (G) is a cross-chain-compatible Layer-1 blockchain network that supports smart contracts.
Where is G Token Used?
G Token is used to pay transaction fees on the Gravity blockchain, reward validators, and within the Galxe ecosystem.
Which Network Does G Token Operate On?
G Token is built on both the Ethereum and BNB Chain networks.
What is the Total Supply of G Token?
The total supply of G Token is recorded at 12 billion.
Is G Coin or Token?
Although Gravity is a Layer-1 network, G is a token, not a coin.