Gracy PriceGRACYInactive

What is Gracy (GRACY)?

Gracy (GRACY) is an ERC-20 utility token that powers a web3 and AI-powered virtual assistant designed to improve workspace culture and team engagement. The project operates on the Ethereum blockchain and positions itself as a pioneering initiative that combines blockchain technology with artificial intelligence to enhance HR development and management. Gracy functions as a digital workspace member, joining teams on collaboration tools to help create productive and engaging online work environments. The virtual assistant is currently available for use on Slack messenger, with support for additional collaborative tools planned. The project was formerly known as Colawork and has since rebranded to Gracy, migrating from an old contract address to a new one. Gracy carries a total supply of 300,000,000 GRACY tokens, with 190,000,000 tokens currently in circulation, representing approximately 63.33% of the total supply. The remaining 36.67% of tokens are yet to be unlocked.

Key Specifications & Tokenomics

• Name: Gracy
• Ticker / Symbol: GRACY
• Blockchain / Platform: Ethereum (ETH)
• Token Standard: ERC-20
• Contract Address: 0x7c95e7ad2b349dc2f82d0f1117a44b561fa2699a
• Decimal Places: 18
• Explorer: etherscan.io
• Total Supply: 300,000,000 GRACY
• Max Supply: 300,000,000 GRACY
• Circulating Supply: 190,000,000 GRACY (63.33% of total supply)
• Remaining to be Unlocked: 36.67%
• Category / Tags: AI Applications, DEX Mode
• CertiK Rating: 2.8
• On-Chain Transactions: 5,640
• On-Chain Holders: 3,659

Who created Gracy?

Gracy was founded by Gracy Chen, who serves as the founder and CEO of the project. Gracy Chen brings over a decade of experience in business to the venture. Beyond her role at Gracy, she is the CEO of Bitget, a Seychelles-based universal exchange, and has a professional background that includes work as a television host, startup founder, and angel investor. She began her tenure at Bitget in 2022 as Managing Director and was promoted to CEO in May 2024. The project itself was formerly known as Colawork before rebranding to Gracy, and it migrated from an old contract address to a new one as part of this transition. Detailed public information regarding the broader development team beyond the founder is currently limited.

How does Gracy work?

Gracy operates as a virtual assistant that integrates into digital collaboration tools, beginning with Slack. The technology behind the platform blends blockchain and artificial intelligence, running on the Ethereum network. The system is designed to foster productive and engaging online work environments through several automated interactions. Public recognition features allow workspace members to acknowledge each other's contributions, with both the sender and receiver of recognition receiving token rewards. Communication encouragement mechanisms prompt members to start open discussions and randomly pair members for brief conversations, rewarding participation with tokens. Peer evaluation tools offer private feedback sessions where members provide constructive feedback for personal growth, and anonymous surveys can supply employee evaluation data to managers. Additionally, Gracy provides visualized analytics of member activities to enterprise managers, enabling performance measurement and employee evaluation. Accessing past data and analytics requires payment using GRACY tokens, while all core features on collaboration tools are provided free of charge.

What makes Gracy unique and valuable?

Gracy distinguishes itself by merging artificial intelligence with blockchain-based tokenomics to address workplace culture and human resources development. Rather than functioning solely as a productivity tool, Gracy introduces a reward-driven model that incentivizes positive workplace behaviours such as peer recognition, open communication, and constructive feedback. The project aims to gather high-quality, peer-evaluated HR data by integrating tokenomics into the evaluation process. Token rewards provide strong motivation for employees to evaluate colleagues and generate valuable HR data. By quickly securing a large number of data points through token incentives, Gracy plans to collaborate with various job search platforms to conduct a data sale business. The revenue generated from this activity is designed to circulate back to the platform via the GRACY token, which would then be used to provide further reward incentives to users for additional data acquisition. This creates a self-reinforcing cycle that aligns user participation with platform growth.

What is Gracy used for?

GRACY is an ERC-20 based utility token used as a means of reward and payment for activities within the Gracy platform. Token holders and platform participants can earn GRACY through various engagement activities, including giving and receiving public recognition, participating in open discussions and random chats, and completing peer evaluations and anonymous surveys. The token also serves as the payment method for accessing past data and analytics within the platform. Enterprise managers who wish to view visualized analytics of member activities must pay using GRACY tokens. Beyond these immediate utility functions, the token plays a central role in the project's broader data economy. The revenue generated from Gracy's planned data sale business with job search platforms will be circulated back to the platform via the GRACY token, which will again be used to provide reward incentives to users. This dual function as both an access token and a reward mechanism positions GRACY at the centre of the platform's engagement and data acquisition strategy.

How Is the Gracy ecosystem developing?

The Gracy ecosystem is in an active development phase, with the project having undergone a significant rebranding from its former identity as Colawork. The platform is currently available for use on Slack messenger, and the team has indicated that support for more collaborative tools is coming soon. This expansion into additional collaboration platforms represents a key avenue for ecosystem growth, as broader integration would allow Gracy to reach more teams and generate greater engagement. The project's roadmap includes the development of a data sale business in partnership with various job search platforms, which would create a revenue stream tied directly to the GRACY token. On-chain metrics show 5,640 transactions and 3,659 holders, indicating an established but still developing user base. The project maintains an official website, a whitepaper, and a presence on social media platforms including Twitter, and it has community sections on CoinMarketCap. The token trades on a limited number of active markets, and the project has not yet been officially listed on all major exchanges.

How to mine Gracy?

Gracy does not employ a traditional mining mechanism. As an ERC-20 token on the Ethereum blockchain, GRACY is not mined through proof-of-work or similar consensus processes. Instead, tokens are distributed as rewards for participation in platform activities. Users earn GRACY by engaging in public recognition, communication encouragement exercises, peer evaluations, and anonymous surveys within the Gracy virtual assistant environment. The token supply is fixed at a maximum of 300,000,000 GRACY, with 190,000,000 currently in circulation and the remaining 36.67% yet to be unlocked. There is no staking mechanism described for GRACY in the available materials. The primary method of acquiring GRACY is through active participation in the platform's engagement features or through trading on supported markets. This reward-based distribution model aligns token issuance directly with platform usage and data generation.

How to keep your Gracy Coin safe?

Storing GRACY securely requires an understanding of the available custody options. According to guidance from KuCoin, you can store your Gracy in the custodial wallet of a cryptocurrency exchange without having to manage private keys yourself. This option offers convenience but places trust in the exchange's security infrastructure. Alternatively, you can use a self-custody wallet, which may be a web browser extension, a mobile application, or a desktop application, giving you full control over your private keys and tokens. For enhanced security, a hardware wallet provides offline storage that protects against many online threats. Third-party crypto custody services and paper wallets represent additional options for safeguarding your GRACY holdings. When choosing a storage method, consider factors such as the amount of tokens you hold, your technical comfort level, and your need for frequent access. Always verify contract addresses and official sources before conducting any transactions, and be aware that the project migrated from an old contract address to a new one.