- Grexie announces the global launch of its GREX token
- Grexie integrates with Onramper, a fiat-to-crypto gateway aggregator
- Token holders can frictionlessly exchange their tokens for fiat
- GREX’s token valuation is determined by market forces
Grexie has announced the global launch of its GREX token alongside an integration with Onramper. Grexie is a UK Limited company offering a free crypto token to the global community. Users can receive decreasing allocations of up to 1 million GREX by simply paying a negligible Polygon gas price.
GREX is an ERC 20 token that runs on the Polygon blockchain. On the other hand, Onramper is a fiat-to-crypto gateway aggregator that puts all major gateways in a single solution.
By integrating Onramper’s fiat-to-crypto gateway aggregator, consisting of a widget and an API, Grexie’s token holders can frictionlessly exchange their tokens for fiat down the line as they rise in value.
Speaking about the integration, Tim Berhsin, CEO of Grexie said;
We believe that a combination of accessibility, frictionless onboarding, and ensuring that token value is more market-led offers a true value proposition for bridging the gap between current and future financial systems, and integrating with Onramper represents the first of many steps toward this ultimate goal.”
Also remarking about the new development, Thijs Maas, CEO of Onramper said:
“We’re proud to add GREX to our ever-growing list of clients making fiat onramping frictionless…. We’re also excited because we share many of the same guiding principles as Grexie, including re-defining how payments, value transfer, and financial services should work.”
GREX’s initial price is determined by the Polygon gas fees associated with each transaction and fosters price appreciation through deflationary tokenomics.
Deflationary tokenomics
Deflationary tokenomics is a brainchild of Ethereum that has widely received acceptance among other digital assets. Specifically, the EIP-1559 made headwinds in the crypto community because it ushered in the era of fee predictability by eliminating the first-price auction as the main gas fee calculation.
Despite the adoption of deflationary digital assets, not all of them offer favorable tokenomics to investors. That is why Grexie stands out. It not only offers deflationary tokenomics but also provides ultimate accessibility through an entirely free token.
GREX token valuation
Going against the culture of overly-inflated ICO token valuations, GREX’s token valuation is determined by market forces, while the token itself is provisioned to users through a long-running community distribution model.
As a deflationary token, the gas fee remains roughly the same. Therefore, GREX’s value per token solely based on the gas fee roughly doubles every 350 million issues.
How to receive GREX
People interested in receiving GREX can do so by connecting their wallets, using MetaMask or any other Web3 wallet provider, and joining the ICO at the project’s homepage. For affiliates, they can receive 10-per cent extra GREX token for promoting the token.
