GRABITY - New Paradigm of the Internet

ICO market is nowadays pretty similar to the Wild West during the gold rush period. It is possible to earn money very quickly, sometimes even good money, but you have to find a perfect spot, or in this case, a good project to invest. Common thing to the Wild West? No guaranties and almost no law. It is pretty easy to find bad cowboys which are going to promise you golden mountains to steal your last piece of bread. So in all this mess, if you want to find your gold nugget, you can trust just your own brain composites.

After my research, I found this project in which I really put my faith: GRABITY. Very likely you haven’t heard about them, project is made by great team members. Nevertheless, guys have an advantage, many other teams does not: already existing product made on a very perspective field. But these are not all pluses I found in this project. Below you can read the analysis and decide on your own, do you want to send some pennies to the pot.

Grabity is a public Blockchain project, for the transformation of the Internet paradigm from centralized network to a distributed network. Current hardware performance has improved dramatically, even enough for smartphones to have better performance than previous servers. However, it does not use 100% of storage space or computing power. Anyone can share computer resources through already-possessed idle devices such as smartphones, tablets, and PCs, and users can receive rewards as much as they provide resources, and DApp developers can use the shared computer resources to operate services at a lower cost. When the Grabity project reaches the commercialization stage, anyone will be able to make the use of distributed nodes to switch the Internet paradigm.

The Orbits Network is Grabity's decentralized main net that draw a truly distributed P2P network by utilizing all wired/wirelessly connected idle computer resources. Transactions from Orbits Network are managed efficiently through using Genesis Hoisting technology, which can process transactions simultaneously and quickly. In addition, Smart Contract and resource files can be stored in separate portions into each by using the distributed storage technology and Defrag Function technology that can recall each part and execute in a streaming format.

FEATURES OF THE PLATFORM

Network layer

P2P-based overlay network. Verify and then propagate the transactions between nodes through the layer. The principal is to make the most use of basic network bandwidth.

Data Layer

Blockchain data structure and physical storage space. Includes Merkle Tree, Hash Function, Data Block, digital sign and etc. that store blocks and DApp files containing the transaction history.

Consensus Layer

Node that generates a transaction directly verifies its own transaction, and the transaction that has been verified by majority of certain nearby nodes is generated as a block. This is distributed to other nodes, and if there are any nodes that is determined to be malicious attacks, the transaction details are initialized and synchronized to the verified transaction details.

Application Layer

Provide the application interface on top of the Blockchain. Smart Contracts, virtual machines, DApp, etc. are included and directly linked between the data users.

Management Layer

Toolkit and SDK are provided to form the development of ecosystem and located the 3rd Party.

Grabity Ecosystem

The Grabity ecosystem consists of nodes, community, DApp, and platforms, and each institute contributes to the ecosystem based on the token economy.

The DApp Store

The value of the main net depends on the number of DApp. Most DApp users come from existing application users, so Grabity provides a familiar DApp Store for existing application users. Since the essential requirement to use DApp is the unrestricted storage space and transaction of tokens, DApp Store will be released on PC and mobile versions associated with other wallets and exchanges. The DApp Store is classified into various categories such as game, finance, social networking, media, health, education, music, etc. and the ranking system is based on an algorithm that comprehensively consider daily average number of users, satisfaction, transaction, and development.

Planet Wallet

Planet Wallet is the node client and official wallet of the Orbits Network. In order to secure the users, Planet Wallet will be released before the launch of the main net with the function of transferring token conveniently through mobile phone number, along with storing and transferring token in the application between exchanges. After the main net launch, node application function and DApp Store will be added.

GBT ecosystem entry incentives

The consumers of computer resources can use the Orbits Network using GBT for less than the cost of building or maintaining existing servers, and the provider of computer resources can obtain GBT by providing Orbits Network with idle resources or extra devices of their own devices.

Token Sale Details

Total Token amount: 10,000,000,000 GBT

Token Token sale amount: 7,000,000,000 GBT

Percentage of sales Token from total Token: 70%

Hard cap : 30,000,000 USD

Soft cap : 10,000,000 USD

Tokens except for the pre-sale and public sale are sold in private rounds.

Unsold tokens are due to be incinerated.

Pre Sale

Token Sale Rate:20%

Bonus:10%

The initial 10,000,000,000 GBT for the development and operation of the project are issued from the Ethereum network. The ERC20-based GBT will be replaced with the Orbits Network-based GBT after the main net launch. In addition, since the main net, GBTs are issued in addition to consideration of the inflation rate for the purpose of compensating computer resource providers. The rate of inflation can be flexible, but will be determined in a way that does not exceed 5% to protect token holders and ecosystem participants.

ROADMAP AND DEVELOPMENT PERSPECTIVE

Above you can see the roadmap — how the team sees their nearest and long-term future.

TEAM MEMBERS AND ADVISORY MEMBERS TO THE PROJECT

Team seems to be the strongest part of this project. It consists of innovative and talented people. Of course I cannot complain if we talk about their professional level, guys indeed are experts on their field.