What Is GNAR TOKEN (GNAR)?
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Beyond this, plan to expand your platform to encompass a range of blockchain applications, each expanding DeFi capabilities. As an example, your next step will be to bring assurance to payment scheduling, again accessible through the simple and intuitive web interface. They are hard at work on the GNAR TOKEN platform and look forward to launching the next stage of your project soon.
Your verified smart contract on the blockchain can be viewed on Bsc Scan. To give assurance that token is truly decentralized, ownership of the contract has been renounced. This means that the development team has no access to the contracts functionality beyond that available to the community.
GNAR TOKEN Storage Key Points
|Coin Name||GNAR TOKEN|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
A significant number of other crypto tokens and coins use inflationary or deflationary economics, i.e. the creation or destruction of tokens over time, to influence the token price. When tokens are burnt they are moved to a burn wallet either manually or automatically after each transaction. Where this process takes place manually, control over this process lies with the development team. At GNAR TOKEN, they believe in doing things differently and have included no burn mechanisms in your token to give holders the assurance that there are no centralised processes governing the price of their tokens.
Constant Product Formula
Changing the ratio of the two tokens (the liquidity pair) in the liquidity pool (LP)influences the market price. For example, by adding Binance Coin (BNB) and taking away from the LP, the price of GNAR TOKEN increases as its value relative to BNB has increased. This ratio will change naturally as the token is bought/sold with the price of the token dictated by the constant product formula. Many other static reward tokens interfere with this process by adding“auto-liquidity” to the LP on every trade, believing that in doing so the size of the LP will increase and thus the market stability of the token will improve.
However,this process can actually have a negative impact on the balance of the LP as additional tokens are typically only added to the ‘purchasing’ token side of the liquidity pair. The ‘value’ token side of the pair (e.g. BNB) is actually moved out of the LP and then back in, giving a net zero increase. GNAR TOKEN does not use an auto-liquidity feature. Instead, and in keeping with the principles of avoid artificially interacting with the LP in any way,allowing it to be influenced by natural market forces only.
GNAR TOKEN platform, currently under construction, will allow users to create auto balance release smart contracts from a simple, intuitive dashboard.These smart contracts will allow multiple parties to transfer cryptocurrency between themselves where the balance release conditions are contingent upon clearly defined payment conditions. Your solution will allow users to create and interact with the smart contracts in a way that maintains security and transparency, using blockchain technology.
This has a fixed supply of 100,000,000 tokens. This is unmaintainable and as it cannot be burnt, the total number of tokens is fixed forever. As ownership of the contract is renounced, holders have assurance that the development team (or anyone else) cannot change the token supply.