Gyre Token ($GYR)
Gyre Token ($GYR)
General Characteristics
Gyre Token ($GYR) is a crypto project built on the BNB Chain. Ubaid Chand, a long-time angel investor in digital assets, created and launched it in 2022. Since its inception, the project leaders have consistently driven efforts to accumulate wealth for users and provide them with the most utility. $GYR was launched to facilitate peer-to-peer money transfers between crypto users regardless of geographical boundaries. It also eliminates the need for third parties between buyers and sellers. Harnessing the BNB Smart Chain’s BEP20 token standard, $GYR assures users of secure transactions. These features are the selling point for the Gyre Token project, as many investors resonate with its goal.Roadmap
$GYR’s roadmap spans three years, divided into four quarters each year, beginning from the project's inception:- 2022: This covers building a core team, website design and development, launching the $GYR token, and the initial token offering.
- 2023: This covers creating a Gyre app, building the project’s community, and securing listings on crypto-based platforms like CoinCRED.
- 2024: The project secured a listing on LBank in the first quarter. In the final quarter, $GYR should have solid exchange listing proposals.
Functionality and Utility
Since its launch in late 2022, $GYR has functioned as a community token, offering staking options for users to earn yield from their existing tokens. The development team has allocated 10% of the total supply for marketing efforts, including rewarding users who grow their connections and build digitally. Gyre’s official whitepaper outlines an ambitious long-term vision. Planned future utilities for the token include metaverse compatibility, a native credit card, gaming integration, and e-commerce functionalities. This commitment to continuous development instills a sense of security and confidence in potential investors.Market Performance and Dynamics
$GYR has a total supply of 10 billion tokens held by 258k+ holders at the time of writing. According to current on-chain data, $GYR has a trading price of $0.00183, representing a 20.3% increase in the past 24 hours. It also has a market capitalization of $1.1 million. Such increases indicate investors are flocking to the project to accumulate profits.Community
$GYR has gathered a solid and supportive community on X and Telegram. As of July 16th, there are 4.3K+ followers on X and 7.2K+ Telegram subscribers.Pros
- Fast and cheap transactions on the BNB Chain
- A detailed roadmap and whitepaper
- Listings on prominent crypto-tracking websites like CoinMarketCap, CoinGecko, and CoinCRED
- Offers token staking.
5 Questions to the $GYR Team
- What inspired the creation of GYRE Token, and what unique gap in the cryptocurrency market are you aiming to fill with this project?
- GYRE Token emphasizes top-tier security infrastructure. Can you elaborate on the specific security measures and technologies you have implemented to ensure the safety and privacy of users' assets?
- How does GYRE Token aim to provide financial stability and freedom for its investors? Can you share some specific strategies or mechanisms that contribute to this goal?
- How does GYRE Token engage with its community and gather feedback to improve its offerings? Are there specific channels or platforms where investors can voice their opinions and suggestions?
- What are some of the key milestones or upcoming developments for GYRE Token that investors should look forward to? How will these milestones impact the project and its users?
- Building the core team and developing the website and app in 2022.
- Launching the GYRE Token, approaching listings, and conducting Initial Token Offerings in 2023.
- Listing on LBank, CoinMarketCap, CoinGecko, and CoinCRED, with further exchange listing proposals planned for 2024.
Binance Smart Chain
