The GRAVY DeFi project is the most innovative project in the DeFi space. GRAVY is a high frequency trading (HFT) and arbitrage strategy, implemented on the EOS network, that produces profitable trades. In order for GRAVY to mine the EOS mainnet for arbitrage opportunities, it uses CPU resources to monitor the mainnet. GRAVY is powered by miners who are rewarded with GRV, which is the protocol marker for GRAVY. The GRV token can receive rewards, paid out in EOS from arbitrage trading profits.
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Description of the GRAVY project
On the bitcoin network, miners ensure the security of the network by verifying the transactions of the network. To ensure the decentralization of the network, miners participate in a consensus process, where everyone competes to validate blocks of transactions by solving computational puzzles. The higher the miner's hash level, the higher the chances of solving the math puzzle, sealing the block and collecting bitcoin rewards.
Likewise, the higher the hash rate of the GRAVY network, the higher its chances of finding successful deals across the entire EOS network. Bitcoin is designed in such a way that the more decentralized it gets, the stronger the network.
Several things separate from other platforms:
| 1. | GRAVY has the same qualities as Bitcoin. The more miners participate in the project, the higher the dominance of GRAVY in network arbitration. |
| 2. | This will lead to more revenue for GRV token holders as trading volume on the EOS mainnet grows. |
| 3. | Like miners on the Bitcoin network, GRAVY miners use a processor to mine GRV tokens. 100 percent of the arbitrage trading profit goes into the shares of GRV tokens. |
Trading profits flow into the rate pool, where they are accumulated. Every day, 4 percent of the bets in the pool are paid to the participants. Accounts can claim EOS rewards once every 24 hours. There is no need to claim rewards manually, they will accumulate in the betting agreement for you automatically.
Additional information
Since there is no WhitePaper document on the site, all necessary information is available on the main page. In order to stimulate the development team and compensate them for the initial donation of trading capital for the project, the development team will receive 12.5 percent of the GRV, mined in each mining.
From social networks:
- telegram;
- GitHub;
- twitter.
The smart contract doesn’t have an audit.