Solana’s first sustainable rewards token
Solana space pioneer
GrowSol is an innovative token from the Solana Network that aims to redefine passive income in the ecosystem. By holding GrowSol tokens, users can easily accumulate Solana (SOL), making it a valuable utility token. In addition to providing rewards to holders, GrowSol is committed to expanding the Solana ecosystem. The project focuses on creating products and structures to foster growth within the Solana space by attracting more participants and developers.
GrowSol has set four key milestones to accelerate the growth of the Solana Chain and support the ecosystem.
Products around $GRW will make it the first sustainable rewards token.
• Launch of Typescript, a custom reward token
• GrowTrade: Telegram-based bot that supports GrowSol through buybacks.
• Learn more about AI. The biggest story about cryptocurrency right now
• What to expect from long-term holders
How does GrowSol work?
1. Tax collection
The contract collects an 8% tax in tokens on each buy/sell transaction and sets them aside.
2. Typescript
A custom script running on the VPS continues to collect taxes from the distributor every minute.
3. Swap to Sols
Once a certain threshold is reached, the collected tokens are automatically exchanged for Sols.
4. Reward everyone
Sol is distributed to holders according to the number of GrowSol they hold.
growth trade
All trading bots apply commissions to sales, and GrowTrade makes sure they are used the right way.
GrowTrade (GT Bot), a Telegram-based trading bot, implements a tax system that creates deflationary pressures by burning certain tokens for which a portion of each transaction is sold. The remainder of the transaction will be used to purchase GrowSol tokens, fueling continued demand for GrowSol within the ecosystem.
The bot’s rapid transaction trading aims to increase GrowSol’s trading volume and increase its market potential even through investors who do not trade GrowSol tokens.
When trading tokens with GrowTrade Bot, a small fee of 0.75% is charged upon sale. This fee is divided into three main tasks:
1/3 Burn (0.25%): Certain tokens sold are burned, creating deflationary pressure.
2/3 (0.25%) on purchase: The remaining portion of the fee is used to purchase GrowSol tokens to add demand and stabilize the token price.
3/3 Development (0.25%): Add more features to GT Bot
TradingBot Beta Release:
The beta launch of GrowTrade TradingBot is scheduled for two weeks after launch (March 20th). This release marks the beginning of a new era in trading, providing users with unparalleled functionality and speed of trading.
Sharing means growth
As one of its key milestones, GrowSol is preparing to release a proprietary Typescript script on GitHub to facilitate the creation of custom reward tokens for free. The goal of this initiative is to promote equal opportunity and accelerate growth within the Solana ecosystem.
By encouraging developers to create their own reward tokens, GrowSol hopes to spark innovation and creativity, ultimately attracting more individuals to the Solana Network. This release is the first of four major milestones envisioned by GrowSol.
How to purchase
GrowSol tokens are scheduled to be launched on March 6, 2024. Here’s a quick guide on how to buy:
Download Phantom Wallet: Set up Phantom Wallet, available as a mobile app or Chrome extension.
Buy SOL: Buy SOL on a cryptocurrency exchange that supports Solana trading.
Transfer funds to your wallet: Send Sols to your Phantom Wallet.
Exchange on FluxBeam: Connect your wallet to Fluxbeam.xyz and exchange Sol for GrowSol.
conclusion:
Join us on an exciting journey towards a brighter, more interconnected future of trading.
conclusion:
With its commitment to democratizing opportunity through the launch of Typescript scripts and the upcoming GrowTrade TradingBot beta launch, GrowSol is laying the foundation for a more inclusive and vibrant Solana community.
By enabling developers to create their own reward tokens and facilitating a seamless transaction experience, GrowSol invites individuals from diverse backgrounds to participate in the Solana ecosystem.
Homepage: https://growsol.io
Twitter: https://x.com/GrowSolOfficial
Telegram: https://t.me/GrowSolPortal
Disclaimer: The information provided in this press release is not an investment recommendation and is not intended as investment advice, financial advice or trading advice. We strongly recommend that you practice due diligence, including consulting with a professional financial advisor, before investing in or trading cryptocurrencies and securities.
