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Ground Token

Ground Token was created to test deflationary cryptocurrencies, to find out whether they will actually hold value as supply approaches zero, or if value will also go to zero along with supply. Ground Token plans to achieve this through the accelerated deflation of GRND token. Unlike other currencies where deflation will take years, GRND deflation is expected to occur in a few weeks or months.

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About Ground Token

Vision

Ground Token was created to test deflationary cryptocurrencies, to find out whether they will actually hold value as supply approaches zero, or if value will also go to zero along with supply. Ground Token plans to achieve this through the accelerated deflation of GRND token. Unlike other currencies where deflation will take years, GRND deflation is expected to occur in a few weeks or months.
GRND team of cryptoprenuers decided to embark on this journey after thorough research of deflationary tokens that popped up after the success of $BOMB token. The team wants to find out whether the claims and hype of these tokens are true. The claim of 'rise in value due to decrease in supply'.

Idea

Ideas like GRND are already in the market the likes of Bomb, the first deflationary cryptocurrency project. Our idea is not the deflationary aspect itself, our idea is to put these tokens and claims to the test. We want to know what will happen when the currency deflates towards zero. Will people deflate it? Will they hold and wait for others to deflate? Will its value rise due to deflation? Will value go to zero? Will someone find a use case? All that remains to be seen, so join us and be part of our journey!

Tokenomics

GRND has a total supply of 10,000 tokens, two decimals, and burn rate of 5% for onchain transactions, which is the highest burn rate for low supply deflationary cryptocurrencies in existence. These three factors are what should cause the accelerated deflation of GRND.

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Store Of Value Or Become Dust?

Two Paths

Deflationary tokens are expected to take one of two paths: "store of value" and "become dust". Following is a brief of how the two paths would work.

Store Of Value

Inflation is one of the key reasons deflationary cryptocurrency projects are thriving today in the market. Of course everybody wants profit and so if you are saving for your tuition fee in the next two years and you successfully completed the amount reaching to the school, the fee is double the amount you were told. But the fault is not from the school authorities it’s actually the hyperinflation we experience every year.

Now check this out you buy $100 worth of GRND assuming users want to go against our intention by using GRND as a store of value, in the next two years because of the hyperdeflational mechanism used by deflationary cryptocurrency projects the $100 worth will increase in value as the supply decreases.

To Dust

On the other hand deflationary cryptocurrencies are so hyped and are meant to disappear at some point. People will dump the token to cash in before supply goes to zero and the token becomes unusable. Mass dump, followed by panic selling, and the 5% burn rate will accelerate the demolition of the coin, burning it to the ground (hence the name).

This is where the benefits of Ground token experiment comes in, it’s an experiment for all of us not just the team alone, the result will be shown to the world at large and investors will have an idea of what will become of their other deflationary tokens investment.

"Although we encourage every user to burn down GRND to the ground, so that we can test deflationary tokens claims, users are free to decide how they will handle their coins. Join us on Telegram and let us know what you plan to do with your tokens."
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Team Ground

"Inflation is the one form of taxation that can be imposed without legislation."

Milton Friedman