Hello everyone, on this good opportunity I will introduce Grabity Project and to find out the benefits of the Grabity Project, the following is an explanation:
So what kind of project is Grabity?**
Grabity is a public Blockchain project, for the transformation of the Internet paradigm from centralized network to a distributed network. Current hardware performance has improved dramatically, even enough for smartphones to have better performance than previous servers. However, it does not use 100% of storage space or computing power. Anyone can share computer resources through already-possessed idle devices such as smartphones, tablets, and PCs, and users can receive rewards as much as they provide resources, and DApp developers can use the shared computer resources to operate services at a lower cost. When the Grabity project reaches the commercialization stage, anyone will be able to make the use of distributed nodes to switch the Internet paradigm***
What Is Orbits Network
The Orbits Network is Grabity`s decentralized main net that draw a truly distributed P2P network by utilizing all wired/wirelessly connected idle computer resources. Transactions from Orbits Network are managed efficiently through using Genesis Hoisting technology, which can process transactions simultaneously and quickly. In addition, Smart Contract and resource files can be stored in separate portions into each by using the distributed storage technology and Defrag Function technology that can recall each part and execute in a streaming format.
P2P-based overlay network. Verify and then propagate the transactions between nodes through the layer. The principal is to make the most use of basic network bandwidth.
Blockchain data structure and physical storage space. Includes Merkle Tree, Hash Function, Data Block, digital sign and etc. that store blocks and DApp files containing the transaction history.
Node that generates a transaction directly verifies its own transaction, and the transaction that has been verified by majority of certain nearby nodes is generated as a block. This is distributed to other nodes, and if there are any nodes that is determined to be malicious attacks, the transaction details are initialized and synchronized to the verified transaction details.
Provide the application interface on top of the Blockchain. Smart Contracts, virtual machines, DApp, etc. are included and directly linked between the data users.
Toolkit and SDK are provided to form the development of ecosystem and located the 3rd Party.
The Grabity ecosystem consists of nodes, community, DApp, and platforms, and each institute contributes to the ecosystem based on the token economy. We present the token economy and various requirements for the ecosystem to function and develop as follows.
Make Your Own Planet
Planet Wallet is the node client and official wallet of the Orbits Network. In order to secure the users, Planet Wallet will be released before the launch of the main net with the function of transferring token conveniently through mobile phone number, along with storing and transferring token in the application between exchanges. After the main net launch, node application function and DApp Store will be added.
GBT Token Economy
The Token Economy of the Orbits Network provide value through interaction by distribution of tokens that participate as token consumer and node, such as consumers of computer resources, platform users, ICO participants, node that desires more reward, and providers of computer resources and obtains GBT as reward. The consumers of computer resources can use the Orbits Network using GBT for less than the cost of building or maintaining existing servers, and the provider of computer resources can obtain GBT by providing Orbits Network with idle resources or extra devices of their own devices.
Consumers who need computer resources should purchase GBT.
Need to purchase GBT to participate the in the ICO on the Orbits Network-based DApp
GBT is DApp's main currency, and if DApp's users increase, demand can increase.
The reward for providing computer resources after the main net launch can be expected to increase the demand for GBT, determined from the additional computer resources and GBT.
Supply of GBT
The initial 10,000,000,000 GBT for the development and operation of the project are issued from the Ethereum network. The ERC20-based GBT will be replaced with the Orbits Network-based GBT after the main net launch. In addition, since the main net, GBTs are issued in addition to consideration of the inflation rate for the purpose of compensating computer resource providers. The rate of inflation can be flexible, but will be determined in a way that does not exceed 5% to protect token holders and ecosystem participants.
GBT ecosystem entry incentives
The consumers of computer resources can use the Orbits Network using GBT for less than the cost of building or maintaining existing servers, and the provider of computer resources can obtain GBT by providing Orbits Network with idle resources or extra devices of their own devices.
- Total Token amount: 10,000,000,000 GBT
- Token Token sale amount: 7,000,000,000 GBT
- Percentage of sales Token from total Token: 70%
- Hard cap : 30,000,000 USD
- Soft cap : 10,000,000 USD
Tokens except for the pre-sale and public sale are sold in private rounds.
Unsold tokens are due to be incinerated.
- Token Sale Rate:20%
- Token Sale Rate:30%
Smart contract Deploy
ERC20 based Token issue
Network Layer Development
(P2P-based overlay network)
Planet Wallet Launching
Data Layer Development
Consensus Layer Development
Toolkit & SDK Development
Block Explorer Development
Application Layer Development
Management Layer Development
Orbits Network Launching
GBT-based DEX, DApp Store Launching
WEBSITE : https://grabity.io/
WHITEPAPER : https://github.com/grabityorg/WhitePaper/blob/master/Eng.MD#grabityio-whitepaper
FACEBOOK : https://www.facebook.com/Grabity.io
TWITTER : https://twitter.com/GrabityOfficial
TELEGRAM : https://t.me/GrabityENG
WALLET : 0x94CD90Bc551e71c8106aC66f21D3470A0A322971