BinStarter to Launch Grindery's IDO on March 10th, 2025

We are super excited to announce the upcoming Initial DEX Offering (IDO) of Grindery, scheduled for March 10th, 2025. Grindery is poised to revolutionize the Web3 landscape with its innovative solutions and user-centric approach, marking a significant milestone in making Web3 accessible and user-friendly for all.

Key Metrics

Public Sale Price: $0.039

Blockchain: Ethereum/ Polygon

Allocation: $100K

Initial Market Cap: $992,250

Vesting Schedule: 20% at TGE, 1-month cliff, 6-month vesting

Sale Link: https://binstarter.ai/launchpad

TGE Date: March 12th, 2025

About Grindery

Grindery is revolutionizing blockchain interactions with its next-generation smart wallet, designed specifically for Telegram's extensive user base. The wallet offers a keyless setup, gas-less transactions, and seamless transfers, supporting major EVM blockchains like Ethereum, Polygon, and Binance Smart Chain. Integrated with AI, it provides human-centric interactions, making Web3 as intuitive as mainstream social platforms. 

Grindery is backed by important players such as Binance Labs, COINKO, Jsquare Capital, ANKR, IDG Capital, Perridon Ventures, MH Ventures, FishDAO, WW Ventures, Gate Labs, KondrDAO, MarsDAO, Blackdragon and several Angel Investors.

Key Features of Grindery's Wallet

• Keyless Setup: Access your wallet without the hassle of managing passphrases or private keys.
• Gas-less Transactions: Eliminate gas fees for blockchain transactions, enhancing affordability.
• Setup-less Transfers: Send crypto as easily as sending a message, without requiring the recipient to set up a wallet.
• Social Address Book: Conduct transactions using real names or Telegram usernames, enhancing clarity and trust.
• Natural Language Chat: Interact with your wallet conversationally within Telegram or via a web app.
• EVM Compatibility: Support for a range of EVM blockchains, broadening blockchain interactions.
• DeFi Integration: Engage in token trading, swapping, bridging, and staking directly within the wallet.

Grindery is on track to achieve full self-custody by mid-2025, ensuring unparalleled security and ease of use for its growing user base. 

About Grindery's Products

Grindery Wallet

The Grindery Wallet is a next-generation smart wallet specifically designed for Telegram's extensive user base. Supporting EVM blockchains like Ethereum, Polygon, and Binance Smart Chain, it offers keyless setups, gas-less transactions, and seamless transfers. Unlike Telegram's default wallet, Grindery.ai enables broader blockchain interaction and is progressing towards full self-custody by the first half of 2025, ensuring unparalleled security and ease of use. Users can send crypto using real names, engage in natural language chat, and leverage the vast potential of EVM compatibility. Future expansions include DeFi integrations, advanced Web3 bots, diverse blockchain support, and complete decentralization. 

Merchant Platform

Grindery's Smart Wallet transforms digital commerce by enabling digital merchants, including dApps, protocols, and e-commerce stores, to accept one-click crypto payments through Telegram Bots and Mini-dApps. This integration marks a significant step towards making cryptocurrency a universally accepted payment method. Leveraging advanced automation infrastructure, Grindery empowers merchants to create user-friendly interfaces, facilitating crypto payments for businesses of all sizes and ensuring a smooth, secure transactional experience for their customers. 

Payment Network

Grindery's primary advantage for digital merchants lies in its growing user network. Similar to how credit cards ease transactions in traditional commerce, Grindery simplifies crypto payments, creating a seamless connection between users and merchants. As more users join with funded wallets, merchants are increasingly motivated to offer their services on the platform. This interplay between user growth and merchant services amplifies the network's value for all participants, fostering a robust ecosystem. 

Tokenomics

The GX and G1 tokens are the cornerstone of Grindery’s ecosystem, each serving unique and complementary purposes to drive growth, incentivize participation, and ensure long-term value creation.

The GX Token

The GX token is the core utility token within Grindery's ecosystem, powering all transactions from wallets to merchant platforms and dApps. Designed for long-term sustainability, it features thoughtful tokenomics, including vesting schedules and lockups, ensuring commitment from the team and investors. With a fixed supply of 1 billion tokens, GX offers real utility by fueling network activity and unlocking ecosystem features for users.

GX Token Distribution

Community Allocation: Empowering Users

Because users are the foundation of Grindery, and their activity defines the value of the platform and the GX token, 28% of the entire GX token supply has been allocated to the community. This ensures that users are not just participants but key stakeholders in the platform's success. When users join Grindery, deposit assets, and interact with dApps and games, they contribute directly to increasing the value of GX. That’s why the single largest allocation of GX tokens is reserved for them—they are the lifeblood and true owners of the ecosystem.

The G1 Token

Grindery has introduced the G1 token as an intermediary incentive to enhance user participation and security within its ecosystem. Users can earn G1 through various activities such as tasks, quests, staking, airdrops, and gaming, and can exchange it for GX tokens at any time. 

This dual-token system offers several advantages:

• Mitigating Web3 Risks: By using G1 as an intermediary, Grindery reduces the potential for abuse by automated scripts and bots that do not contribute real value to the platform.
• Flexible Distribution: G1 allows Grindery to adapt its distribution and pricing strategies to changing market conditions, ensuring efficient and responsive incentive management.
• Feature Testing: G1 serves as a testing mechanism for new platform features, ensuring smooth functionality before implementing GX rewards, thereby protecting users' assets.

This approach has led to significant user engagement, with G1 becoming the 5th most popular token by the number of holders on Polygon. 

Unlike many meme or clicker-game tokens, G1 is built around real, sustainable value, reflecting the genuine contributions users make to the platform through their activities.

How GX and G1 Work Together

The GX and G1 tokens function together to enhance the Grindery ecosystem. GX serves as the primary utility token, facilitating transactions and providing long-term value within the platform. G1 acts as an intermediary incentive, earned through various user activities such as tasks, quests, and staking. This dual-token system rewards meaningful participation, adapts to market conditions, and maintains the platform's integrity, positioning Grindery as a sustainable and community-focused leader in the Web3 space.

It's important to note that GX tokens acquired through exchanges are subject to vesting and lock-up periods. These periods are less than half of those required for team members and institutional investors, ensuring alignment and commitment across all participants. This structure fosters sustained engagement and a shared focus on the project's long-term success, contributing to a robust and enduring community around Grindery.

Looking ahead, while Grindery has made significant strides in the mobile wallet market, this is just the beginning. With billions of potential users yet to adopt crypto wallets and an ever-expanding universe of decentralized applications, Grindery is poised to capture substantial market share by delivering a wallet experience as transformative as the iPhone was for mobile technology. The journey ahead is filled with opportunities to redefine possibilities in the Web3 landscape.

Founders

Tim Delhaes: serial entrepreneur who has built, sold, and crashed multiple start-ups in South America and Silicon Valley. Over the last eight years, Tim has also led the journey of the agency group called Inboundlabs from a three-person team to a leading HubSpot partner with over 500 customers. 

Thinh Porrmann: background in Investment banking and Private Equity. Ex-founder of the largest online marketplace for luxury fashion in Vietnam. Educated at London Business School, EBS Business School and Singapore Management University.

Learn more about Grindery:

Pitch Deck  - Website - Twitter

About Binstarter

Launched in June 2021, Binstarter is a trailblazer in decentralized finance, renowned as the first multi-chain IDO platform with an Extended Insurance Protocol (EIP). Our platform is committed to transparency, fairness, and innovation, offering secure and efficient fundraising solutions for startups. At Binstarter, we aim to revolutionize the DeFi landscape by reducing risks, enhancing user experiences, and empowering startups for successful launches.

Website | Announcement Channel | Telegram Chat | Twitter | Blog