Founders of GroveToken said: “We Create Wealth by Harvesting Opportunities of a Secure, Decentralized Digital Currency in an Environmentally Conscious Way”. What is GroveToken and how does it work? Let’s find out with Crypto Insights team in this article.
What is GroveToken?
GroveToken is a decentralized and secure green Token built for the future of our planet; creating wealth, for all Grovers, by harnessing the opportunities of a secure, decentralized digital currency in an environmentally conscious way. By compensating nature for years of abuse, Grove will create a healthier, wealthier future for all.
Underpinned by foundational values of transparency, security, and environmental sustainability, this new player is revolutionizing the crypto game by offering holders an opportunity to generate wealth while compensating the environment for years of abuse through green initiatives.
Who is the founder of GroveToken?
The founders of the project were John Ghemrawi, Richard Sultan, Mendy Parker and Nouha Elmasri.
Ghemrawi is currently the CEO. Carlo Di Clemente is named as the chief operating officer, with Nouha Elmasri the company’s chief marketing officer, GroveToken’s website showed.
Ghemrawi’s profile states that he “has over five years of experience in the crypto world” and was awarded a “Master in Telecommunication Engineering”. Ghemrawi has been a proprietor in an Australian retail franchise Harvey Norman for more than 11 years, according to a LinkedIn profile.
Di Clemente’s profile describes him as a business leader with over 30 years of experience in retail operations.
GroveToken’s Philosophy
Grove combines a Dubai-based investment company with Cryptocurrency. Grove is a Green investment company investing in renewable energy, solar, and hydroponic farming Industries. Grove will contribute 3 percent of all transactions towards token optimization and marketing, with a portion of this invested into charitable donations that support environmental initiatives.
Additionally, a further 1 percent will be used to ‘buy-back’ GroveTokens to ensure the value and demand of the Token is stable. Our Green Plan was founded to ensure the digital world becomes conscious of its impact on our natural environment. GroveToken will allow billions of people to utilize blockchain technology in an environmentally conscious way whilst building prosperity for holders.
Investment Portfolio & Acquisitions of GroveToken
- Renewable Energy Market: Renewable energy is Earth’s future. It is the centerpiece of the global target of reducing CO2 emissions and creating a greener, cleaner future for all. Their long-term ‘Green Plan’ focuses on technology that will reduce emissions and create jobs. As such, Grove will reinvest a portion of all transactions into Green industries and corporations, establishing our brand and generating returns for stakeholders
- Solar Farming & Energy: Solar is an efficient form of energy and a renewable solution, lowering growing greenhouse emissions by reducing demand for coal-fired power. Wherever there is sun, there is the capacity to utilize cryptocurrency mining farms powered by solar energy with storage and satellite-connected internet. Grove will capitalize and invest in the rapid evolution of solar while educating users on how solar farming and energy can enhance the digital world.
- Hydroponic Farming Hydroponics: this is a way to skip the soil and substitute a different material to support the roots of plants, thereby growing crops directly in nutrient-rich water. Grove will provide a platform to support nations who have a high reliance on imports to have more environmentally conscious and self-sufficient farming methods for the production of their fresh produce.
How does GroveToken works?
The energy usage and electrical trash generated by Bitcoin mining have far-reaching environmental repercussions. With the ongoing discussion over global warming among international leaders, crypto mining is becoming a growing issue for our natural environment. Currently, Grove Token aims to become the world’s leading green payment system (GGPS).
They created an ecosystem where you can combine nature and sustainability with eco-friendly trading methods. Green Digital Wallet is an eco-friendly and safe platform for a digital currency that does not require mining or third-party verification. Grove holders will be able to purchase and sell Grove Token with low transaction prices and quick transaction times, decreasing overall energy consumption needs. At their crypto exchange Green Oasis, users can stake their holdings, entitle them to reflections created by volume-based GroveToken exchanges.
Additional Features of GroveToken
- Passive Income: 3% of every transaction will be redistributed to our holders. By holding Grove, you will notice the number of tokens increases daily.
- Anti-whale System: Anti-whales system to prevent chart manipulation and protect investors, no one can hold more than 500T grove. Holders can’t sell more than 10T of the total token at once. Holders can only sell once every 6 hours.
- Buyback wallet: 1% of every transaction will be sent to a buy-back wallet. The wallet will be activated manually to stabilize the price when needed.
- Auto liquidity: 1% of every transaction will be added to liquidity automatically to facilitate trade on Pancake Swap.
- Auto burn: 2% of every transaction is burned ( taken out of circulation ), which will reduce supply.
- Marketing: 3% of every transaction will be reinvested back into the natural world, marketing and increasing the team of professionals delivering growth and token sustainability.
- Play To Earn: A game that will allow players to earn Grove tokens as a reward during gameplay. We are planning partnerships with major game developers for the above.
- Staking Pool: Staking will be available to all holders through our wallet, multiplying their earnings beyond reflections.
- GroveKeeper: The first green wallet, designed and created by professionals to securely hold and protect your investment, users will be able to buy and sell using their grove tokens with minimal fees applied, plus of course, the ability to stake to earn extra passive income.
Detailed information about GroveToken Coin
- Token Name: GroveToken
- Token Symbol: GVR
- Blockchain: Binance Smart Chain.
- Token Standard: ERC-20, BEP-20
- Contracts: 0xaFb64E73dEf6fAa8B6Ef9a6fb7312d5C4C15ebDB
- Total supply: 100,000,000 Billion
- Circulating supply: 2,489,009.59 Billion
Tokennomics
Roadmap
In conclusion, Grove is a very new crypto, so it can be hard to say what the overall direction of travel might be. You will need to do your own research before you invest in GVR. Grove might go up, although it does seem to be a little too early to say if we can ever say that for sure.
Cryptocurrency can be very volatile and prices can go down as well as up. Should we invest in Grove? This is entirely up to you. Before you do so, though, you will need to do your own research, remember that prices can go down as well as up, and never invest more money than you can afford to lose.
Hopefully, the information that Crypto Insights has provided above is useful for you before deciding to invest in GroveToken!