
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:
Maintaining protocol equilibrium
Governance initiatives, Protocol Development
Because Lambo
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*Results may vary. By "may vary" we mean "won't happen."