Grand BasePrice

(GB)

Grand Base (GB) aims to establish a decentralized market for spot synthetic Real World Assets (RWAs). This enables users to gain exposure to RWAs without requiring direct ownership of the underlying asset, democratizing access. Blockchain technology is the ideal solution due to its ability to facilitate global accessibility, frictionless swapping, and rapid transactions, which are superior to traditional finance methods. By merging DeFi principles with RWAs, Grand Base seeks to build a robust, transparent, and highly liquid on-chain market, ensuring verifiable and secure ownership through blockchain.

The native governance token of the Grand Base ecosystem is $GB, with a total and maximum supply capped at 50 million tokens. Its tokenomics are structured to ensure long-term viability and incentivize community participation. A substantial 65% of the total supply (or 75% including initial liquidity) is allocated to the community, with these tokens not minted all at once. Team tokens began unlocking one month after the Token Generation Event (TGE) with a weekly release schedule. Private sale tokens saw an initial release two days post-TGE, followed by weekly vesting. Marketing allocations also had an initial release with subsequent weekly vesting. Staking rewards and trading incentives will be minted by smart contracts upon the launch of the staking program.

The $GB token serves multiple essential functions within the Grand Base ecosystem. It primarily acts as a governance token, allowing holders to participate in crucial decisions. Its frequent price movements also make it suitable for arbitrage trading. Users can earn yield by staking or lending GB through various financial products integrated into the platform. Furthermore, GB can be utilized for sending or paying within the ecosystem. A core utility includes minting gAssets (synthetic assets) by providing GB as collateral, and facilitating swaps between gAssets and $GB tokens. Staking gAssets is also a key feature, offering rewards and liquidity incentives.

While the Grand Base team is noted for the meticulous design of its tokenomics, specific details about the founding members, such as their names, professional backgrounds, or prior experience in blockchain development, are not explicitly provided in the available information. In the Web3 industry, transparency regarding the team's capabilities and commitment is generally a key factor for investors and users when assessing a project's legitimacy, potential for success, and long-term viability.

Grand Base's mainnet rollout was scheduled for Q1 2024. This significant launch event was planned to include the minting of community-allocated tokens, which are designated for rewards and ecosystem incentives to foster growth and participation. The project's future development strategy focuses on expanding its use cases over time. This expansion is designed to adapt and evolve in response to the overall development of the crypto market and the organic progression of the Grand Base project itself, aiming to introduce new functionalities and services.

Unfortunately, Grand Base experienced a significant security exploit around April 2024. During this incident, an attacker managed to mint a large quantity of GB tokens, subsequently exchanging them for another cryptocurrency. The suspected cause of this breach was a private key leak, which compromised the system's integrity and enabled unauthorized token generation and movement. This event underscores the critical importance of implementing robust and continuous security measures in decentralized finance projects to protect user assets and maintain trust.