Gravity (G)

Gravity is a Layer 1 omnichain smart contract platform designed to enhance cross-chain interactions by focusing on efficiency, scalability, and security. This platform aims to simplify and improve the interaction experience for users and developers within the Web3 ecosystem.

Overview of Gravity

Gravity’s integrated solution facilitates enhanced interactions by addressing the complexities and scalability needed for widespread adoption. The platform currently serves 20 million users and manages 100 million monthly transactions across 34 supported blockchains. Gravity leverages technologies such as Zero-Knowledge Proofs and advanced consensus mechanisms to boost performance and simplify on-chain processes. It supports cross-chain transactions and efficient verification, operating as a Proof-of-Stake (PoS) blockchain that utilizes G tokens and is compatible with the Ethereum Virtual Machine (EVM). It incorporates Reth as its execution layer and the Jolteon (AptosBFT) consensus algorithm. The Alpha Mainnet on Arbitrum Nitro launched in June 2024, testing cross-chain settlement, with plans for the full Mainnet to go live by Q2 2025 as a restaking-powered PoS Layer 1.

Ticker	G
Category	BNB Chain Ecosystem
Website	https://gravity.xyz/
Twitter	@gravitychain
Telegram	gravitychain
Contract Addresses
ethereum	0x9c...49Copied!
binance-smart-chain	0x9c...49Copied!
base	0x9c...49Copied!

Use cases of Gravity

Gravity supports a range of Web3 applications by streamlining processes and enhancing user experiences:

• Balance Abstraction: Manages and consolidates assets across multiple chains.
• Intent-Based Transactions: Facilitates transactions, such as Ethereum (ETH) purchases, with minimal slippage.
• Gas Abstraction: Allows transaction batching and gas sponsorships, eliminating the need to bridge tokens.
• Omnichain Loyalty Points: Converts loyalty points into an on-chain system, offering features for permission control and trading.

Bridge to Gravity

To begin using the Gravity Alpha Mainnet, users can bridge tokens via the Canonical Bridge or supported third-party options. Bridging from the Ethereum Mainnet to Gravity Alpha takes approximately 10 minutes, while withdrawals to Ethereum require a 7-day wait due to the rollup’s fraud-proof mechanism. Users can visit bridge.gravity.xyz, connect their wallet, select Deposit or Withdraw, choose and approve the token, and then submit the transaction. After 10 minutes, they can switch to the Gravity Alpha Mainnet network to access their tokens. It is important to have ETH and G tokens on the Ethereum Mainnet to cover transaction costs.

Tokenomics of Gravity

Gravity token (G)

The G token is an ERC-20 native utility token used on both Gravity and Galxe platforms. It functions as the gas token for transactions and is intended to secure the network through staking. The G token supports governance, ecosystem growth, and facilitates payments across the platforms.

Allocation of G tokens

The total supply of G tokens is 12,000,000,000, distributed as follows:

• Community: 20%
• Team: 15%
• Marketing: 15%
• Growth Backer R1: 10.63%
• Growth Backer R2: 10.14%
• Foundation: 10%
• Advisors & Partners: 6.23%
• Coinlist Public Sale: 5%
• Ecosystem: 4.5%
• Early Adopters Rewards: 2%
• Launchpool: 1.5%

Utility of the G token

The G token serves as the native gas token on the Gravity Chain, facilitating transactions and supporting governance through the G DAO, where holders participate in decision-making. It aims to secure the network through staking, with participants potentially earning rewards. Key functions of the G token within the Gravity and Galxe ecosystems include:

• Staking: Ensures network security, governance participation, and access to potential rewards.
• Governance: Facilitates decision-making through the G DAO, promoting transparency and decentralization.
• Transacting: Acts as the gas token for executing and paying for transactions on the Gravity Chain.
• Payments: Covers fees for Galxe applications, including Quest, Passport, Score, Alva, and Compass.