We are pleased to announce several significant developments for our GX token holder community:
1. Introduction of the Super Staking Program
We have launched a Super Staking Program designed to provide substantial rewards to our GX token holders. Participants can stake 8% of their total GX tokens, which are scheduled to unlock on March 12, 2025, for a period of 30 days. Upon completion of this staking period, participants will receive a reward equivalent to triple the staked amount.
Example: A holder with 100,000 GX tokens will have 8,000 tokens unlocking on March 12. By staking these 8,000 tokens in the Super Staking Program, the holder will receive 24,000 GX tokens after 30 days, fully unlocked.
This initiative aims to reduce sell pressure, potentially enhancing token value through increased scarcity. Additionally, it serves as a token of appreciation to our loyal GX holders, some of whom have maintained their holdings for over a year.
2. Token Distribution via Sablier Finance
All GX tokens acquired during Community Sales 1 and 2 will be distributed through Sablier Finance, a reputable platform utilized by numerous cryptocurrency projects for token delivery. This method ensures a secure and transparent distribution process.
Recipients will receive a non-fungible token (NFT) in their Grindery wallet, representing their token stream. This NFT will enable holders to claim their GX tokens in accordance with the predetermined vesting and unlock schedule. The NFTs are expected to be issued on March 5, 2025, approximately one week prior to the Token Generation Event (TGE).
3. Update on G1 to GX Exchange
Currently, holders can exchange G1 tokens for GX tokens, receiving an NFT from Sablier that unlocks GX over time. This presents an advantageous opportunity, as there is a minimal interval between earning G1 and the subsequent unlocking of GX tokens.
Following the issuance of GX NFTs, the G1 to GX exchange will be temporarily paused until approximately one to two weeks post-TGE. During this period, users can continue to earn G1 tokens; however, exchanges to GX will resume after the TGE. We are also evaluating potential adjustments to the exchange rate between G1 and GX, as well as modifications to the vesting and unlock periods. Further details will be communicated as they become available.
We appreciate your continued support and commitment to the Grindery community. These initiatives are designed to enhance the value and utility of your holdings while fostering a robust and engaged ecosystem.
The information provided does not constitute financial, investment, or legal advice. Participation in the Grindery TGE and/or Grindery Programs is subject to applicable laws and regulations. Tokens are intended solely for use within the Grindery ecosystem and may not be available in certain jurisdictions. Please consult with a qualified advisor before participating.
