To understand the G token, let's first look at what Web 3 is.@Gravity
To understand what Web 3 is, it would be better to first take a look at what came before it.
I think everyone knows the Web 1 and Web 2 versions of the Internet.
Web 3 can also be described as the “read/write/own” version of the Internet. Instead of just using free technology platforms in exchange for our data, users can participate in the management and operation of the protocols themselves. This means that people can be participants or stakeholders, not just customers or products.
The shares mentioned in Web 3 are called tokens or cryptocurrencies, and they represent ownership of decentralized networks known as blockchains. If you hold enough of these tokens, you have a say in the network. Those who hold governance tokens can spend their assets to exercise their say on various issues, such as voting on the future of a decentralized lending protocol.
Web 3 enables the proliferation of collaborative governance structures for once centralized products. A viral piece of content, a work of art, a person’s social media post, or anything else can be tokenized.
Web 2.0 has entered our lives in the past 15 years. The biggest promise of Web 2.0 was social media. Now Web 3.0 has entered our lives, but most of us are not aware of it and do not use it. So what does Web 3.0 need to do in order to be an internet experience that everyone can participate in like Web 2.0? Let's explain.
Web 3.0 has officially entered our lives. However, no one yet knows exactly what Web 3.0 is and what it includes. The subject we want to touch on in today’s article is what Web 3.0 includes and why it has so few users. However, if you are wondering what Web 3.0 is, we will briefly touch on that, don’t worry.
Currently, a large portion of the Web 3.0 audience consists of people interested in cryptocurrencies. If Web 3.0 is to grow like Web 2.0 (the age of social media), much more needs to be done. Let’s take a look at what needs to be done if Web 3.0 wants to reach the same number of users as Web 2.0.
What is Web 3.0 and where does it appear?
Web 3.0, which has been encountered more frequently as a concept in 2020 and 2021 and has been developed and grown since then, is a decentralized and blockchain-based system, unlike Web 2.0. In addition to producing content on Web 3.0, users can earn large incomes with cryptocurrencies and protect their personal data much better while browsing.
Who is currently using Web 3.0 and why?
The majority of those currently using Web 3.0 are wealthy people with high income. These people invest in cryptocurrency chains to grow their wealth and make transactions on both NFTs and cryptocurrencies. And of course, young artists who produce these NFTs use this platform to make money.
Apart from these, Web 3.0 is used by users who are tired of the privacy violations of Web 2.0 and want more anonymity. Almost all of the Web 3.0 projects are making great progress as alternatives to Web 2.0 platforms. Web 3.0 has great advantages over Web 2.0 and thanks to this they are able to attract a wide audience.
Web3 games are games designed with game engines such as Unity, Unreal, etc., which are developed using blockchain technology for finance, economy and asset management, browser-based, mobile-based or have a separate application, and can be of the type we know as FPS, BattleRoyale, card game, RPG, etc. When they first came out, they were known as "Play to Earn" games because they focused on generating income rather than game enjoyment, mechanics and scenario.
In Web3 games, the in-game economy is often operated using cryptocurrencies and DeFi protocols. This allows players to manage their in-game assets and income, trade with other players, and even convert their in-game assets into real-world currencies.
You will create your own secure world in the Web 3 world. G token should be in your pocket.
The G token was created by the Galxe team.
What is Galxe?
Galxe is a decentralized super app and web3’s largest on-chain distribution platform. Through its robust infrastructure and suite of modular AI, digital identity, and blockchain technologies—Quest, Passport, Score, Compass, and Alva—Galxe supports the development of advanced, user-friendly web3 applications with an emphasis on secure and self-sovereign digital identity management. The recent introduction of Gravity, a layer 1 omnichain that leverages Galxe’s infrastructure, enables developers to reach Galxe’s millions of users and create new products that help bring the world into web3.
With the Galxe DAO community approving the GP-25 and GP-30 proposals, we are merging and streamlining the experience across both ecosystems by migrating the Galxe (GAL) Token to Gravity (G). This upgrade focuses on improving the user journey, seamlessly integrating the token between Layer 1 and our Galxe ecosystem, and simplifying the ticker for easier recognition. G will serve as the universal token that provides governance, transactions, and incentives across the entire ecosystem.
Galxe is currently one of the largest Web3 and authentication ecosystems, allowing projects to engage with their communities and build products on Web3
What is G Token?
G is the native token on Gravity and the utility token for both the Gravity and Galxe ecosystems. G supports transactions as a gas token and will soon secure the network through staking. As the primary utility token in both ecosystems, G drives governance decisions, incentivizes growth, and facilitates payments.
The Gravity (G) project was developed by Galxe founders Charles Wayn, Harry Zhang and Xinlu C. This experienced team aims to provide a scalable, secure and efficient infrastructure in the Web3 world.
Gravity’s main goal is to provide a scalable, secure and efficient infrastructure for complex cross-blockchain transactions.
G Auxiliary Services
Beyond porting existing utilities from GAL, G will expand the range of applications to serve all users in our ecosystems. G’s core functionalities include:
Staking: Stake G to actively participate in governance, secure the network, and contribute to the long-term sustainability of both the Gravity and Galxe ecosystems. Additionally, G stakers can easily access exclusive rewards from applications created by Galxe.
Governance: The G DAO is governed by G holders. Acting as a transparent, secure, and decentralized framework, the G DAO fosters unity and progress among its members.
Transaction: G, Gravity Chain’s native gas token, is used to execute and pay for all on-chain transactions.
Payments: G, the utility token in the Galxe ecosystem, is used to pay for applications created by Galxe, including Galxe Quest, Galxe Passport, Galxe Score, Alva, and more.
G can also be used on Galxe Shop, Galxe Earn and other Galxe products and features. Click here to learn more about all the utilities.
G Token Features
G token will be available as a native token on Gravity Alpha Mainnet and as an ERC20 token on Ethereum, BNB Chain, and Base. Details of G token are summarized below.
As ERC-20 Token
ERC-20 Contract Address: 0x9C7BEBa8F6eF6643aBd725e45a4E8387eF260649
Market value: 245.25 million USD
Fully watched market value 406.93 million USD
Circulating supply: 7.23 billion G
Maximum Supply: 12 billion G
Currently, Galxe’s unique selling points lie in its provisions for a Decentralized Identification Solution through Galxe Passport, which allows Galxe’s Web3 participants to create their own on-chain public and verifiable identities.
Imagining how far the G token can go with a project team that makes endless innovations would be writing about endless possibilities.
#GravityChain #Binance #Bitcoin #GravityAlphaMainnet #writetoearn