Gritti (GRI) Review



Click to see screenshots
Great Resilient Incentive (GRI) is an in-app token that functions as part of the dual token system on Gritti, a Web3-empowered lifestyle social app. GRI has an unlimited supply, and users can earn the token through different game modes in the social fitness application. It is an exciting token since users can obtain it when they equip themselves with NFTs while running outdoors. Users can acquire the NFTs in the form of sneakers through minting, building, or purchasing using the token.

No rating available for new coins
Released on December 3, 2022, 6:00 am
New Coin/Token Warning!
This is a new coin/token that has recently been released by its creators. Therefore there is often only very little information known about the founders and they have no history showing their intentions, which could be both good or bad. The risks related to buying this is extremely high. We never give any recommendations or advise on what you should buy or sell. All information on this page should be considered for education and informational purposes only. Never risk any money that you can not afford to loose. Speculating in crypto currencies is related to extremely high risks and is not suitable for everyone.

Visitor Consensus on Gritti Today
Positive: 53.13%Negative: 46.87%
What's your view on Gritti today?
 
›› Buy/Sell Gritti here

 

The Gritti (GRI) token is an in-app token on the world's first social fitness (SOFI) decentralized application invented by runners for runners. The token motivates these participants as they can record and analyze their running statistics and earn tokens in the different game modes. GRI has an unlimited supply, and its burning mechanism is through gamification, event participation, whitelisting, and purchasing unique products. Users can earn GRI by equipping a Sneaker NFT and begin running outdoors. Various factors influence how users earn GRI, such as the Sneaker NFT attributes, Sneaker NFT types, Durability, Sneaker NFT Levels, and Sneaker NFT rarity. When users join the platform, they initally earn "Pending GRI," which can be used to show users how to use the real GRIs and then they can convert them after a 21-day trial period.

 

A Bit About Gritti

GRI is a token under a SOFI app founded by runners for runners with its co-founders being Feng, its current CEO, Wilson, the CTO, and Joe, the Chief Marketing Officer. The token stands for Great Resilient Incentive, used in the application to reward runners for their activities and event participation. Even if the application is not actively used, users continue to earn GRI. The users need to have a Sneaker equipped in their app and move in a human-like manner to ensure token earnings remain active. The token can be described as a reward for fitness given to enthusiastic runners.

Upcoming move-to-earn disruptorCryptoLists.com
 

GRI is an in-app token that functions on the Gritti Application, promoting social fitness. The token was founded by runners and for runners, and it rewards them for their activities. Additionally, users purchase Sneakers to generate Energy and earn more GRI. Users can utilize the token to equip themselves with NFT Sneakers by building, purchasing, or minting GRI. The in-app token has an unlimited supply and is the primary token for use throughout Gritti. GRI burning mechanisms include purchasing unique products, whitelisting them, gamification, and event participation rights. Runners enjoy the social fitness rewards through the token, and they can analyze their progress to assess how they can earn more tokens.

 

Utility of Gritti?

Fitness and health enthusiasts can use this token as it gives them rewards based on their running. Users purchase the NFT sneakers and use them depending on the type they bought and earn differently. Dominant attributes of these sneakers influence the number of GRI tokens generated. The higher the efficiency, the more GRI tokens are generated per Energy used. The ventilation attribute also affects the level of additional rewards people receive. Also, durability rates influence the GRI earning efficiency rate.

Users can level up their Sneakers NFTs by spending GRI, and each level-up has a fixed duration. The time and GRI required increase depending on the level of the Sneaker. It's a process that can be hastened by spending more GRI, and some milestones cannot upgrade the Sneaker NFT unless one has run a specific distance.

Users can play different modes of games to earn GRI. For instance, users can stake routes they land on in Monopoly Mode, extract an amount from the challenger, and make GRI during these runs. Users can earn GRI by staking such routes and influencing users to explore new trails.

Gritti Price details

BSC Contract address: 0xd767713e787cb351e4dafb777dd93d54f5381d29
›› Details & Tokenomics
 

Advantages of Gritti

+ It facilitates a healthy lifestyle as an in-app token for Gritti.
+ Users utilize GRI to upgrade their NFTs.
+ Grants access to game mode participation within the Gritti ecosystem.
+ Holders of GRI have an event participation right related to Gritti.
+ Enables whitelisting and purchasing of special products.
 

Disadvantages

- GRI is relatively new to the crypto market.
- The token and its ecosystem are still under development.
- It is susceptible to price volatility.
- There is competition from other move-to-earn tokens.
- Limited crypto exchanges list Gritti.
 

Costs

▪ Rated at 8.5/10

The costs depend on the exchange you use, but since it's a BNB chain token, the costs are low. Users purchase the sneakers using BNB, which determines the amount of GRI one can earn. Users need one point of Energy corresponding to a 1 km distance to earn GRI. Energy is replenished at a rate of 6.25% of the maximum Energy every six hours over a four-day period that lets users rest and replenish.

 

Reputation and Buzz

▪ Reputation rated at 7.5/10
▪ Buzz rated at 8.5/10

Much discussion surrounds the GRI token as it is part of the Gritti Universe, which embodies the spirit of social fitness and connects the physical and digital worlds. People like that the token is backed by a team involved with running and surrounds more than 130 million users and 45,000 running communities. Users are impressed with how the token is at the forefront of social fitness, and it has led an impressive example in terms of user experience, transparency, and sustainability.

The token operates under an app that organizes runner training programs for more than 5 million users. People are excited to participate in the training programs such as the 5 km "Quick Run," 400m "high intensity" runs, recovery runs, and Cardio runs. Users anticipate more developments in the token as it is part of their journey in the practical completion of training which pushes their running to the next level.

 

FAQ

What is GRI Distance?

It's the distance a user has run while using Energy.

Is there a referral program to earn GRI?

Yes, the Gritti ecosystem rewards both the inviter and invitee upon successful registration as well as the purchase of NFTs.

 

History of Gritti

1st July 2022 - Gritti launches its official website with its lite paper containing information regarding the GRI token and its utility in rewarding a healthy lifestyle via its move-to-earn model and NFT-inspired running.

15th July 2022 -Gritti launches its official Telegram group for users to engage in and form a community to encourage running and earning GRI tokens. It then announces its Discord group on 19th July 2022. Users connect with runners with similar goals, locations, and interests.

22nd November 2022 - Gritti introduces the Stake run activity for users to win GRI rewards and compete against others for greater rewards.

30th December 2022 - It hosted a New Year's Referral reward event with a total prize pool of 1000%. Gritti thanked everyone who participated in the referral reward event on 4th January. Gritti was impressed with the community's enthusiasm as they depleted the $10,000 prize pool and added more on 6th January 2023.

31st December 2022 - Gritti completed sales of the Genesis Sneakers, and 2649 pairs were minted using the GRI token. 3000 Genesis Sneakers were reserved for marketing, and the rest burned in a burning ceremony.

›› Trade Gritti here›› Buy/Sell Gritti here

Screenshots from Gritti

Click for larger image
 

Gritti details and tokenomics

Gritti Ticker: GRI
BSC Contract address: 0xd767713e787cb351e4dafb777dd93d54f5381d29
Type of crypto: bsc-token
Resources & Social media
🔗Blockchain URL: https://www.bscscan.com
 

Other tokens or coins to check out

Since you are interested in Gritti, you may also want to check out the coin(s) or token(s) below?
Gritti Newsflash
    Win 200x prize pool with Gritti's new year running challengeWin 200x prize pool with Gritti's new year running challenge
    Monday, 23 Jan 2023 1:34 pm
    The Web3 fitness app, Gritti, have launched a competition aimed at those of us who need a little extra motivation to push through with our new year's resolutions! Ending on the 31st of January, and giving you ample chance to earn the company's Gritti (GRI) Token, the competition costs 200 GRI and the potential winnings are 200x the total pool...
    Read the full newsflash

Recent crypto sites
Recent crypto coins
CryptoLists.com
Copyright © 2019-2022, by Crypto Lists Ltd (CryptoLists.com). Company name: Crypto Lists Limited. Address: 5 Upper Montagu Street, LONDON W1H 2AG, England.
Jump to top