Grape PriceGRPInactive

What is Grape (GRP)?

Grape (GRP) is the native token of the Grape Ecosystem, a Layer 1 distributed ledger technology platform designed to facilitate the transition to what the project describes as "web4." The platform aims to combine the security and decentralisation of Web3 with the user-friendly accessibility of Web2 by integrating artificial intelligence into its core infrastructure. Grape operates on the Ethereum blockchain as an ERC20 token and features a total supply of 10,000,000 GRP. The project launched in 2023 and has since focused on building a suite of proprietary technologies, including the VINE distributed ledger, the ANNE AI engine, and Decentralised Cloud Storage. Grape positions itself as an infrastructure and AI-focused project with a strong emphasis on GameFi, virtual worlds, and decentralised applications.

Key Specifications & Tokenomics

• Name: Grape
• Ticker/Symbol: GRP
• Blockchain/Platform: Ethereum (ERC20)
• Contract Address (Ethereum): 0xec70ff4a5b09110e4d20ada4f2db4a86ec61fac6
• Consensus Mechanism: Directed Acyclic Graph (DAG) via VINE
• Project Category: Infrastructure, AI, Layer 1
• Total Supply: 10,000,000 GRP
• Max Supply: 10,000,000 GRP
• Circulating Supply: 4,453,944 GRP
• Token Type: ERC20
• Launch Date: 2023
• Official Website: https://grap3.com/
• Block Explorer: etherscan.io
• CertiK Rating: 3.3

Who created Grape?

The Grape project was launched in 2023, with Yahoo Finance listing its start date as July 27, 2023. The project published its Grape Presentation V7 document in December 2023, which outlines its technical vision and ecosystem structure. While the project maintains an official website and has established a presence across various cryptocurrency data platforms, detailed public information regarding the founding team, individual developers, or the organisations behind its creation is currently limited. The project has raised substantial funding through its token sale, indicating backing from investors, but specific names or profiles of the creators have not been widely disclosed in the available public resources.

How does Grape work?

Grape operates on a Layer 1 distributed ledger technology platform that utilises a Directed Acyclic Graph structure called VINE. Unlike traditional blockchain architectures, VINE is designed for asynchronous transaction confirmation, enabling high throughput of over 700,000 transactions per second. This architecture supports the platform's goal of widespread data decentralisation while maintaining speed and scalability. The ecosystem also incorporates ANNE, an AI neural network engine that assists developers in creating and deploying smart contracts and decentralised applications more efficiently. Additionally, Decentralised Cloud Storage serves as the backbone for file storage, ensuring data integrity and accessibility across the network. Together, these components form the infrastructure for a decentralised internet capable of supporting virtual worlds, gaming applications, and other Web4 use cases.

What makes Grape unique and valuable?

Grape distinguishes itself by being the only Layer 1 ecosystem that combines two proprietary solutions based on DAG and AI technologies to power virtual worlds and decentralised applications. The integration of VINE and ANNE creates a synergy between high-speed transaction processing and intelligent contract development. The project's focus on bridging Web2 and Web3 through AI-driven simplicity addresses a significant barrier to mass adoption: the complexity of interacting with decentralised systems. Furthermore, Grape's emphasis on GameFi allows users to convert their time and idle hardware into passive income, creating tangible utility beyond speculative trading. The collection of 3,333 NFTs adds another layer of engagement, serving as keys to unlock exclusive advantages within the ecosystem and demonstrating a practical integration of digital collectibles with platform utility.

What is Grape used for?

GRP serves as the primary utility token within the Grape Ecosystem, enabling access to all functions and services offered by the platform. Holders can use GRP to interact with decentralised applications, participate in virtual worlds, and engage with GameFi features that allow them to earn passive income through their time and hardware contributions. The token is integral to the ecosystem's economic model, facilitating transactions, smart contract execution, and potentially governance or staking mechanisms. As the ecosystem expands to include more DApps, games, and metaverse experiences, GRP is positioned to function as the medium of exchange and value transfer within this digital economy. Its role extends beyond simple transactions to encompass the broader functionality of a decentralised internet infrastructure.

How Is the Grape ecosystem developing?

The Grape ecosystem is in a building phase, having launched in 2023 and conducted a token sale that raised $35,000,000 in December 2023. The project has published its Grape Presentation V7 document outlining its technical roadmap and has been listed on BitMart as of December 31, 2024. The ecosystem is designed to support a wide range of applications, including decentralised cloud storage, AI-assisted smart contract development, and GameFi experiences. The project maintains an official website and has a presence on social platforms and cryptocurrency data aggregators. Development efforts appear focused on expanding the utility of the VINE and ANNE technologies, growing the NFT collection, and attracting developers and users to build on the platform. The ecosystem's trajectory suggests continued emphasis on integrating AI with decentralised infrastructure to support virtual worlds and mass adoption.

How to mine Grape?

Grape (GRP) operates as an ERC20 token on the Ethereum blockchain and utilises a DAG-based distributed ledger called VINE. The project documentation does not describe a traditional proof-of-work mining process for GRP. Instead, the ecosystem emphasises GameFi elements where users can turn their time and idle hardware into passive income, suggesting that participation in the network may involve contributing computational resources or engaging with platform activities rather than conventional mining. Staking or other consensus participation mechanisms may be part of the VINE architecture, but specific details on mining or staking GRP are not extensively documented in the available public resources. Users interested in earning GRP should refer to the official Grape website and presentation for the most current information on network participation.

How to keep your Grape Coin safe?

As an ERC20 token on the Ethereum blockchain, GRP can be stored in any compatible Ethereum wallet that supports ERC20 tokens. For optimal security, investors should consider using hardware wallets that keep private keys offline, protecting them from online threats such as hacking or phishing attacks. Software wallets and mobile wallets offer convenience but should be used with strong, unique passwords and two-factor authentication where available. It is critical to safeguard private keys and seed phrases, never sharing them with anyone and storing backups in secure, offline locations. Users should also be cautious of unsolicited messages, fake websites, and fraudulent tokens that mimic legitimate projects. Before interacting with any decentralised application or smart contract, verify the official contract address and ensure the platform is authentic. Regularly updating wallet software and staying informed about common cryptocurrency scams further enhances security.