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GRQ Token

GRQ Token

$GRQ

The primary token of the Get Rich Quick™ ecosystem. It's used across the platform, serves as the medium of exchange, and aims to maintain a soft peg to 1 $BERA.

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What Makes $GRQ Unique

Algorithmic Peg System

No collateral backing — the peg is maintained via protocol incentives and supply mechanics.

Volatility with Purpose

$GRQ may dip below or rise above peg, with built-in mechanics to stabilise it over time.

Core Utility

Used for emissions, liquidity, and protocol rewards.

Expansion & Contraction Mechanics

Expansion Phase (GRQ > 1 BERA)

  • New GRQ tokens are minted according to the protocol's expansion rate
  • Minted tokens are distributed to sGRQ stakers in the Pyramid Lounge
  • bGRQ bonds can be redeemed for GRQ, often with a premium

Contraction Phase (GRQ < 1 BERA)

  • No new GRQ is minted
  • Users can purchase bGRQ bonds at a discount, which burns GRQ
  • This reduces GRQ supply, helping to restore the peg

Summary

$GRQ is the soft-pegged primary token of the protocol. It's designed to maintain a value close to 1 BERA through algorithmic mechanisms that respond to market conditions. During expansion phases, new $GRQ is minted and distributed to sGRQ stakers in the Pyramid Lounge, creating a sustainable economic model that rewards long-term participants.

Token Allocation

Initial supply: 102,000 tokens

  • 2000 tokens allocated to establish initial protocol liquidity
  • 100,000 tokens distributed through Genesis Pool incentives

During expansion phases (when price exceeds peg), newly minted GRQ is allocated to:

Pyramid Lounge80%

Maintaining protocol equilibrium

Ecosystem Growth15%

Governance initiatives, Protocol Development

Lambo Fund5%

Because Lambo

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*Results may vary. By "may vary" we mean "won't happen."