How does the ecosystem of Gyre Network work?
In Gyre Network, each individual requires to invest in 500 Gyres to enter the network. There are 5 prominent Gyre Network Incentive programs and 1 unique way to earn and generate income through Play & Earn games.
What is the total supply of “Gyre” tokens?
The total supply of Gyre Network tokens is 10,000,000,000 (10 billions).
What is the difference between Staking Income and Network Staking Income?
If any individual enters the Gyre network and holds (stakes) the Gyres for 200 days, he will get 0.3% of Gyres as staked income daily.
Whereas, Network Staking Income is the income which is generated by staking Gyres for 200 days by the whole network (chain), the quorum leader will get 3% of 0.3% (his network’s staking income) daily. The staking percentage of the leader changes at different levels.
What is a Play and Earn program?
Gyre Network provides a Play and Earn option to enter the Gyre ecosystem without investing any amount, through playing games on Gyre Network App. The individual gets a chance to win up to 10 Gyres in terms of reward.
On which technology the Gyre are based?
“Gyre '' tokens are based on the BEP-20 token standard of Binance Smart Chain.