WHAT IS GZRO?
GZRO is a decentralized cryptocurrency that offers fast and secure transactions. GZRO utilizes the blockchain and information technology to create the GAME MARKET of its own. By taking advantage of the tools and resources offered by the GZRO GAME MARKET, both players and the game developers will be able to effectively and conveniently be a part of – and be involved in - everything the online gaming world has to offer.
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Coin Details:
Project Name: Gravity GZRO Coin Symbol: GZRO
Coin Technology: Novacoin Fork Algorithm: Script
Type: PoW/PoS (hybrid)
Current Supply:2,200,000,000 GZRO
Staking/PoS reward:21% per year
Total maximum supply:6,200,000,000 GZRO (6.2 billion coin)
Proof of Work: Not mineable after block 1000.
Proof of Stake Tech 21% passive income
Proof-of-Stake (PoS) is a much lighter and more energy-efficient alternative to Proof-of-Work (PoW). Instead of mining to discover blocks and validate transactions, PoS forges through a lottery-like process where each staked coin works like a raffle ticket.
Users who own coins will stake a certain amount on the network, the wallet will set an x amount aside where it cannot be spent. When the platform needs to create a new block, wallets with staked coins are chosen at random to validate the action. The more coins the wallet holds, and the more the wallet is online, the more chances the wallet will get chosen and receive the generated block reward.
Staking creates an incentive for holders to invest in a platform and use it on a regular basis. It’s good for the network and it’s good for the users, as they can earn back a percentage of their staked assets on a daily, weekly, monthly or yearly basis,
GZRO wallets stake at a rate of 21% per annum.
Newly staked/generated GZRO coins
Generated coins must receive 20 block confirmations before they can be spent. These newly generated GZRO coins will take 8 hours to mature until they can be used for staking.