Mad’s Crypto Corner #AMArathon with Gravis Finance Recap
Thursday, 3rd of March 2022, at 12 PM UTC, we just successfully hosted our 58th #AMArathon with Gravis Finance, (which was been going on for ±95 minutes), and represented by:
Mr. Darth | Founder of Gravis Finance
Some of you might didn’t participate or on there for it, you can look back at how was our #AMArathon went FROM HERE to RIGHT HERE. We are up with the recap of our #AMArathon with Gravis Finance and we hope our audiences get a better understanding about Gravis Finance. Happy Reading!
🔹1st Segment: Project Introduction🔹
I want to know about your background and, as a founder, why did you decide to build Gravis Finance?
Well, I’m from 2014 in traditional VC working as ananlyst and LP, I did a lot of deals with startups, and before VCs I use to be a startup as well. By the end of 2016 I was completely upset with VC and their approach. Crypto was a fresh breath for me. I’ve started as a CEO of marketing agency who whelped ICO to collect funds and attract community. In 2018 tech become my love and i begun to develop some enterprise level blockchain solution as a founder and Product owner, I’ve been traveling around the world and attended 300+ conferences, met people all around the world. I do love crypto because for me its a way to help people who are out of government support or poor countries, my goal is to create a tool that helps people to have a basic income. That’s what Gravis Finance about.
So what exactly is Gravis Finance? What kind of products does Gravis Finance bring to the DeFi + NFT space?
Gravis Finance is a unique ecosystem that unites DeFi with Gmart NFT marketplace for in-game assets and the highly anticipated online game – Evervoid. At Gravis Finance, we provide all the necessary instruments for managing your crypto assets on any chain. Gravis finance ecosystem consists of 3 main parts: Evervoid, Gswap and Gmart. Also we have two our own tokens $GRVS and $GRVX. With balanced tokenomics, two tokens woven seamlessly into the project and a clearly calculated economic model, Gravis Finance strives to provide any user with maximum comfort and profitability. Our mission is to give our users a tool to generate basic income in crypto.
Let’s get a bit closer to your products then. Can you give us a brief introduction of Gravis Finance’s products now? I have heard about Evervoid, Gswap, and Gmart, so please tell me something about those products!
- Evervoid – a revolutionary game that comes out on mobile devices 2022 with a well-balanced economy, colorful graphics and unique features from the ecosystem.
- Gmart – the first NFT marketplace for gaming assets, “STEAM” on blockchain. Buy and sell your favorite NFT assets from any game on any blockchain. Coming out on mobile devices in the 2022.
- Gswap – multi-chain AMM DEX which combines high functionality with a simple interface and advanced DeFi functions: liquidity migration from other exchanges, staking, Yield farming, Auto-farming, etc. By using multi-chain bridge you can quickly move assets from one blockchain network to another. We use our own blockchain nodes to quickly process transactions and orders. Now on BNB, Polygon, and Heco, coming soon on Solana, Polkadot, Avalanche and Near.
Gravis Finance is one window approach, kinda like supermarket.
What chain that Gravis Finance support as of now?
Right now it’s Heco, Polygon and BSC but we are preparing a massive update with 6 more chains.
Gmart is open for anykind of NFT comes form the game in the cryptospace right?
Absolutely!
And Gswap also have feature for bridging right?
Exactly! we are blockchain agnostic. We are going from users not from chains. As devs we are absolutely indifferent what chain to use.
May you share a little bit deeply about Evervoid one?
Evervoid growing huge. We came to the game as a hypothesis. And at the beginning it was just a barely animated NFT farming, but with the grow of active users and their active participation in brainstorming it grown into a complete time-management MMO with cool graphics, lore and scenarios. It’s gonna be live on Mobile this year and it amazing. We cant wait to show it to you, guys. The power of upcoming updates soon can be see in our cinematic trailer. But we always should remember: blockchain gaming it’s about profits. Any graphics can cure loses, right? So the main issue is balance, and it’s a tough math. Right now i haven’t seen stable models on the market. More or less they are struggling of the inflation. So we are trying to find a balance point, and more complex a game become more complex to find.
As you said earlier Gravis Finance make the game with balance ecosystem right? Then what is the way you choose to make this game more balance in economic models mate?
Well, I belive we did. But as i said before it’s just a start of the road, mate. It’s math, nothing more. The problem is the same – people wants more money. But if you give more – your tokenomics goes to hell. So you need to balance not only token metrics but the demand and wishes of users.
Gravis Finance use dual token right? $GVRX and $GVRS?
Yes, correct. So, we have two own tokens. GRVS is platform’s native governance token. GRVS holders form part of Gravis Finance’s decentralized organization and can help shape the development of the platform — such as by deciding how treasury funds should be spent or how the ecosystem fund is allocated. Also, GRVS can be used to buy premium in-game items such as unique ship skins, elite-tier equipment, or even asteroids. Also we have GRVX. It’s earned by playing the game and as a reward from staking/farming/autofarming. Can be used to buy in-game assets, such as loot boxes, characters, etc. Is a cross-chain bridge currency that can be exchanged for any asset in any supported network. We’re exploring the possibility of using our token not only as a DAO token, exclusively for the purchase of premium assets in the game but also as a universal token of the entire ecosystem. Indeed, it’ll also allow you to save on commissions; we’re adding a feature that offers reduced commission when trading on Gmart (if you’re a token holder). There’s also an opportunity to trade with zero commission on Gswap. Of course, Gswap, as a result, becomes more attractive for its users as the total commission is reduced, ending in larger profits. We have nice infographics that shows all utilities of GRVS:
A little update has just arrived 👇🏻
🔥We have changed the amount of metal received after classic mining operation.
This is part of the balance changes described 👉🏻 here: https://medium.com/gravis-finance/the-evervoid-resource-overhaul-f0c628ae7bda
👾Here are the current numbers:
▫️Keelback 0
▫️Harvester 0–1
▫️Mining Barge 3–5
▫️Flying Refinery 5–8
▫️Star Fort 13–15
▫️Leviathan 70–90
And that’s a couple words about our balance. Plus we are trying to work with random stuff, for example you can’t get a ship itself, you need to buy a lootbox. And its variable.
Is there any sale for the lootbox will come in near future?
Well, right now they are a bit frozen cause we are changing our mechanics. We are preparing some new stuff and new landings for Evervoid. You can see some sneak peaks here:
🚀Something brand new is on its way up.
💥We won’t spoil the surprise, but enable a little peek behind the curtain of development. An updated interface and design, as well as many more new things are in store.
🔥Interested? Stay tuned. We’re seriously looking forward to this one.
Also the LP token can be use for enhance the booster?
Yes, its a part of balancing efforts. Staking is one of the tools.
What make Gravis Finance unique in your opinion? Can you pin us some points that differentiate Gravis Finance with other DeFi-or-NFT-alone-segment-orientation-projects?
The main thing is that we build not just a game or a marketplace, but an ecosystem that helps people to understand better crypto. To be honest the most of the existing interfaces are awful. No docs, bad UX, we are trying to teach people how crypto works, and ecosystem helps us because there is no use to use any third party providers. It’s annoying, but we try to build a place where you can get anything you want and it simple, well designed, good coded fast and profitable. And it’s a long and tough road, but that’s the way!
How long you have been build Gravis Finance mate? And maybe you can spill some of partners behind you!
We started in a late april 2021. Partners? Yes we have some general partner like Polygon or Chainlink, dozens of games and marketing partners, but to be honest we build better code than marketing. It’s an obvious issue of any tech project. But I believe we gonna build a strong brand this year. The only thing we were always keen is our community. And we are looking for the new members, new supporters and new users. We are always near to help or to chat. We are pretty opened for any ideas or cooperation. So my better wish for this AMA is to see more new faces around. Im not selling to you, just trying to show what we do. We have so many local communities, and the most fantastic thing that all of our translations were made by our users.
What are the milestones that Gravis Finance had reach so far? In the near of time, what kind of milestones of it you are looking forward to reach?
Our main milestone is using different methods and mechanics for projects that want to gain quick popularity and make money on the hype. We always strive to be honest, so we are not planning to use any mechanics, but we want to see an organic growth of our community, because they are interested in us and see the point in us. Maybe this will not give an explosive growth, but in the long term in our opinion this is a much more correct strategy than burning money to attract people who are not interested in the product but just want to get a free token giveaway, prize etc.
🔹2nd Segment: Questions from Twitter 🔹
Question 1 from @Zcrylic: What are the ways in which I can increase the value and powers of the different NFT in the game? Once this is achieved, what are the benefits to the player of having the best NFTs in the game? This would increase the likelihood of improving performance or profits?
Let’s try to understand the classes of our NFTs. Basically we have:
- Characters
- Ships
- Equipment
Characters allow you to go through different scenarios in the game. For example, they allow you to find other characters or increase the chance of getting a reward. Ships are basic entities. We have quite a variety of upgrade mechanics for them, some modules increase mining speed, some increase volume, and some both volume and speed. With the advent of Lands in Q2 2022 will change the mechanics of the gameplay itself, there will be new classes NFT: lands and buildings. Change and genre of the game itself – time-management MMO. You will have to monitor mining, growth of your armies, terraforming, other players and clans attacking your land, additional space missions and mini-games (for example the nearest one is the second mission Drones, where you will have to compete with other players in speed).
I’ve got one thing here: you can get a free land either. It takes time for terraformating, but every player can get it.
Question 2 from @hindikiduniya: how the nft trading is designed? could you tell us about the main features and give us some details of each of them, from the ways in which we can generate profits and the Marketplace that you have designed for the game?
I would like to clarify a bit: Gmart is not just a marketplace for our NFTs, it is a marketplace for any gaming NFT on any network. Right now it only works with our NFTs, but we already have 10+ partnerships with different games, on more than 5 networks. Since Gravis Finance is an ecosystem, it gives users, and primarily token holders, a big advantage. For example, there is no way you can reduce the commission on OpenSea, and our token holders will be able to reduce them to almost zero value (I mean Gmart’s own commissions). This is the number one advantage. Another feature that allows you to earn more on the platform will be the Smart NFT Portfolio Management technology which is unique on the market. Since NFT become a real asset and you need to see your buy point and P&L, we developed a very interesting tool which gives you a detailed idea of how much your collection is worth, how much the floor price has gone up since you purchased your NFT and visually tells you the best time to buy or sell NFT. Despite the fact that this is not something special for, for example, Centralized Exchanges, this technology is not present at the NFT market. This greatly reduces the quality of your profit analytics. In addition, we have been developing for quite a long time and have gone through a number of iterations, which allowed us to speed up the site, improve its usability, reduce commissions and so on. And we have a plan to redesign Gswap the same way. Just imagine – DEX with 0 comission. How do you feel about, mate? It’s a freaking bomb!
Question 3 from @Tikaalol: Gravis Finance is a Decentralized Exchange. One of the big problems for such projects is low liquidity. So what strategy would you use to attract sufficient liquidity? Because the more liquidity there is in the pool, the less slippage the order will have.
Gravis Finance is an ecosystem first, not DEX. LOL. Our exchange is called Gswap. But let me dive into the history a little bit. We really started with Multi-chain DEX and Cross-chain Bridge. As of March 2021, I assumed 2021 would be the year of the development of bridges and multi-chain exchanges. And there were certain prerequisites for that. However, over time, we realized that being just another one DEX, even if with a cool design and fast operation, is not enough. We actively switched to developing a global ecosystem and shifted our focus a bit. However, we developed our own Yield Farming and released it. And what you really don’t know is that we’ve already developed and tested our auto-farming technology. It’s a really unique feature with auto-re-compound. It’s simple – you want more profits? Come to us and farm your favorite tokens on our wonderful auto-farming. Coming soon.
Question 4 from @Nguyenkosong1: I understand that Gravis Finance is easy to use for GRVS and GRVX tokens on 3 networks. However, how important is Gravis Finance to have dual tokens? How useful are each? And what are compatible networks and what benefits do they provide?
It’s super important! As a rule, projects don’t really think about what a token is for in the first place. That’s how it is in crypto – we’re creating a project, we need to make our own token, and then we’ll figure out why. It’s a token for the sake of a token. And this is not uncommon. Now about the two tokens we have. We proceeded from several thoughts:
- There is an economic paper from the 1970s explaining why a state should have two currencies (for the outside and for the inside market) and how this creates a balance
- Look at any game (e.g. Mortal Combat 11), there are always two kinds of currencies – gold (which is easy to earn, easy to spend and you need a lot of it) and souls (which is very difficult to accumulate, you can buy using real money and it is a rare and valuable resource)
Question 5 from @Robin87028165: Yield Farming has provided an avenue to help individuals increase their profits. Token inflation however, will start to happen in the near future so what do you think the impact of this will be to Gravis Finance Will this avenue for profit be degraded in the coming months/years?
Wow. Will reply in a philosophical way. I’ll tell you this – it has already had an impact. DeFi was a fresh breath in 2020, it was a resurgence after the crypto winter and we felt a strong bullish trend that lasted almost two years. But now DeFi is dying. Like any trend – it’s coming to an end. This is not good not bad and was predicted over a year ago by the same Andre Kronje. There are less and less DEX left, and there are no more than 5-10 different farming on different networks, where you can make money somehow. But the DeFi trend gave growth to NFT, GamiFi and Play2Earn. And that doesn’t mean that DeFi and Farming will disappear. Not at all, just that hybrid tools will emerge that will combine different technologies and approaches that will reduce inflation in different ways. It’s impossible to avoid it, because it’s a money machine. And the more you print it, the higher the inflation. And it is impossible to control it at some point. But I believe in math, I believe in technology, and I believe that in the future we can get more stable yield instruments. However, I wouldn’t expect crazy profits of 100% and 1000% APY from stable instruments, but 10-20% per year is a reasonable return that’s much higher than AAA bonds, for example. The market has matured and returns have fallen, but that’s natural growth and development. But the risks are going down as well.
🔹3rd Segment: Questions from Telegram🔹
Question 1 from @cob_ba_ba: How important is the role of the community in GravisFinance? How will you engage the community in GravisFinance development?
Importance is critical, the role – quite dramatic. We always keep on listening to the community.
Question 2 from @mary_582: In the Everoid game, Gravis Finance offers loot boxes that may contain the in-game item Ships and Ship Equipments. It is said that you will soon add more contents on your loot boxes in the future. Could you give us ideas on what to expect on your future loot box drops?
Equipment. Due to the story – earth is lack fo resourses, though, no more ships in containers but just some gear for droids.
Question 3 from @cryptotk1: Do the token holders have the right to participate in the governance of the project? What kind of decisions can they vote on about the project? please tell me!
In a year there will be DAO, and you can vote for commissions and some roadmap. But the main principle of our governance token is in additional utility features that I’ve been described earlier.
Question 4 from @MoFIJ5: Can you share your social media links so we can keep ourselves updated?
Our channels:
Every day we publish updates so it’s really useful to subscribe!
Question 5 from @facking92: Do you have any Coin Burn / BuyBack systems or any Token Burn plans to increase the value of Token & attract Investors to invest?
We do. But in my honest opinion it doesnt work good at any project.
Question 6 from @BANGLADESH1999: Did you consider community feedback/requests during the creation of your product in order to expand on fresh ideas for your project? Many projects fail because the target audience and clients are not understood. So I’d like to know who your ideal consumer is for your product?
Most likely. But I should say one thing: we are listening but not implementing all the ideas. We have our own development roadmap and some features couldn’t be implemented technically. Though we take the best ideas and trying to understand how we can improve our product.
Is there anything from you guys that you want to share with all the Madians here? Things that were not mentioned before?
Thank you all for your questions and attention. It was really hot. Obviously I dont like AMAs, but you were fantastic! Mods are the best! Our IDO will begin on March 20. This is the first part of our token sales. The second part of it will be on our website in early April. If you are interested in the project and want to participate in the public round, please fill out the form:
It was my pleasure. God bless! Comunity – you are brilliant. thank you!
