GyreTokenPrice

(GYR)

GyreToken (GYR) has a defined total supply of 10 billion tokens. This fixed supply is a key aspect of its tokenomics, influencing its scarcity and potential value within the ecosystem. Understanding the total supply helps in assessing the token's distribution model and future availability for various utilities and applications.

Gyre tokens are built on the BEP-20 token standard, utilizing the robust and efficient Binance Smart Chain (BSC). This choice of blockchain provides users with fast transaction speeds, generally lower fees compared to some other networks, and broad compatibility with a wide range of decentralized applications and wallets within the BSC ecosystem.

GyreToken (GYR) serves multiple utility functions within its ecosystem. It can be used for transactions on various e-commerce platforms, potentially offering users discounted prices. Furthermore, GYR is planned to be integrated as the native in-house currency within the upcoming Metaverse platform VYUG, enabling participants to engage in economic activities there. It was also initially intended for covering fees on associated exchange platforms.

A significant feature of GyreToken's tokenomics is its burning mechanism, which involves a high burning rate of 90%. This deflationary measure aims to significantly reduce the total supply of tokens over time. Token burns are typically implemented to manage supply and demand dynamics within a cryptocurrency's ecosystem, potentially impacting its scarcity and long-term value.

Gyre tokens are designed to be accessible for investing and trading. They are currently available on decentralized exchange platforms and can be acquired through various compatible crypto wallet interfaces. As the project matures, GYR aims for broader availability on reputable centralized exchanges, enhancing its liquidity and reach for a wider user base, including platforms like LBank.

Gyre tokens can be securely stored in compatible cryptocurrency wallets that support the Binance Smart Chain BEP-20 standard, including major Web3 wallets and those provided by reputable exchanges. Regarding initial investments, funds can typically be withdrawn after a specific vesting period, such as 200 days, during which users can still benefit from staking income or other ecosystem benefits. Withdrawal processing times are usually within 48-72 hours.