What is GROW ?
GROW was developed as a governance token for “World Peace finance (WPF)”, which aims to create an innovative decentralized financial system that solves Ethereum’s scalability problem.
WPF aims to provide a platform where people from all over the world can have access to the financial system equally, regardless of their wealth, and at the same time, perform much faster processing than traditional DeFi services.
GROW is the core cryptocurrency of WPF, which aims to provide a revolutionary cryptocurrency that enables people worldwide to invest far more easily and offers holders investment value through price fluctuations, as well as functioning as a governance token.
GROW is a revolutionary cryptocurrency that enables people from all over the world, even investment beginners, to have access to investment opportunities beyond what is currently available.
Specifications
Token Name
GROW
Token Symbol
GROW
Blockchain
SPL(Solana Program Library)
Total number of tokens issued
2,500,000,000
What are Crypto Assets?
Cryptographic assets are property values that can be exchanged over the Internet and are defined in the “Law Concerning Funds Settlement” as having the following characteristics
(1) Can be used to make payments to unspecified parties and can be exchanged for legal tender (U.S. dollars, euros, etc.).
(2) electronically recorded and transferable
(3) Not legal tender or assets denominated in legal tender (e.g., prepaid cards)
Typical crypto assets include Bitcoin and Ethereum.
Crypto assets have attracted much attention as a mechanism that enables the exchange of property value without the need for a third party such as a bank. Since crypto assets are not legal tender issued by the state or its central bank, the state or central bank cannot back the value of the crypto asset itself. Therefore, the value of crypto assets tends to fluctuate greatly depending on factors such as the supply and demand of users.
What is DeFi?
DeFi stands for Decentralized Finance, a technical term in Japanese. In a nutshell, it is a financial service where there is no central administrator, a “bank on the Internet for dealing in crypto assets.
It refers to financial services used mainly for asset transactions, including crypto assets.
There are financial services that use blockchain technology to enable crypto asset transactions to run on their own using only a program to perform financial services that were previously performed by humans, and they are attracting new attention as a venue for crypto asset transactions.
By combining crypto assets with blockchain technology, asset transactions can be made more freely and more easily than with traditional financial services such as banking.
