$GRINDZ is a cryptographic token that powers the sharing and distribution of royalty dividends generated from the trading of the Gainz Gang NFT Collection. $GRINDZ is issued as a native token on the Oasis Network and is EVM compatible with all ERC20-based tokens to maximize compatibility with existing wallet, exchange, and dApp infrastructure.
SOURCE: One third of ETH royalties generated from trades will be market sold for stablecoin into a liquidity pool to support the $GRINDZ / $USDC pair.
EARN: As $USDC flows into the pool, an equivalent amount of $GRINDZ will then be distributed, an equal share to each NFT staking.
SPEND: The $GRINDZ currency is redeemable at RISE N GRIND COFFEE CO, valued at $1 each. $GRINDZ may used to purchase any product including MERCH. Native support for the token will be integrated into every point of sale at physical locations and the online shopping cart. $GRINDZ token holders will also be able to convert their tokens into customizable paper gift certificates they can gift either electronically or print.
TRADE: The $GRINDZ liquidity pool will also support a DEX where users will be able to buy and sell $GRINDZ at market price.
GUARANTEED LIQUIDITY: RISE N GRIND COFFEE CO. will support a floor price on the DEX of $0.70 per $GRINDZ token to ensure holders of $GRINDZ always have access to immediate liquidity. $USDC is released to RISE N GRIND COFFEE CO. as $GRINDZ return to the LP when users redeem for products or liquidate $GRINDZ on the DEX.