About GROW

About GROW

What is GROW?

GROW, born as a governance token for innovative DeFi services, is a dividend token.
Its unique dividend system can benefit early holders as well.

GROW Specifications

What is a Governance Token?

A token that entitles investors in the relevant DeFi service to vote on decisions, such as upgrading the exchange, based on predetermined rules.
By holding a Governance Token, one becomes like a shareholder of the target DeFi service and can monitor and improve the service as a whole by the token holder himself.

By holding a Governance Token, you can vote on the future management policy of that DeFi in a manner similar to a shareholders’ meeting.
You can earn the right to run DeFi the way you want, in a way that makes it easier for you to do your own trading.
By creating a decision-making mechanism using governance tokens, authority is delegated to each stakeholder, thus avoiding centralization.

Prospects for GROW

Prospects and Price Maintenance Mechanisms

GROW is a governance token for WPF, the next generation of DeFi services.
Governance tokens for decentralized exchanges are in great demand worldwide, as seen in the rising prices of Uniswap and COMP, the world’s leading DeFi. The number of DeFi based on Solana is still small, and its governor token, GROW, is also expected to experience significant demand.

After the WPF opens, the WPF management will use a portion of the proceeds from the difference in lending and borrowing rates to buy up GROW, which will keep its value above a certain level.

The purchased GROW is then rewarded to users who provide liquidity to WPF.

In this way, GROW liquidity is generated, the number of WPF users increases as its price rises, and a portion of the profits can be used for further purchases, thus expanding the price maintenance mechanism in a cyclical manner.

Return of profits to early holders

A typical governance token is received as a reward for depositing crypto assets on a decentralized exchange and providing liquidity to the DeFi service. In other words, no benefit accrues to the holder unless the decentralized exchange is open.

In the case of GROW, however, even before the decentralized exchange, WPF, opens, holders can receive a dividend of 0.1% per day on their holdings, providing the benefit of holding tokens before WPF begins functioning as a decentralized exchange.

This is a groundbreaking measure that will benefit early holders of GROW.