The Great Crypto
Economic Asset
Tokenomic System
Great Crypto is a global cryptocurrency, designed to support sustainable economic development and fulfill social and environmental goals.
Theoretical Foundation: Based on the fundamental labor theory of value by Dr. Vo Xuan Truong and the total value of global economic assets digitized as of December 31, 2019.
Key Components
Great Crypto is built upon the fundamental labor theory of value, aiming to create a fair, sustainable, and transparent monetary system for the global economy. To achieve this, the token distribution and utilization mechanisms of Great Crypto must adhere to strict principles to ensure real value and sustainable development.
Global Reserve Economic Asset Tokenomic
A global reserve asset, ensuring the stability and liquidity of the system.
Global Reserve Economic Asset Treasury
A financial fund responsible for managing and coordinating reserve funds.
Global Real Economic Asset Transformation
The process of digitizing real-world economic assets.
1. Total Supply
Great Crypto will have a maximum supply determined based on global labor values and the development of the real economy. This helps prevent uncontrolled inflation and ensures that each token represents a specific labor value.
2. Token Allocation
Great Crypto are allocated to various funds to ensure balance and diversified development.
Details of the Global Reserve Economic Asset Tokenomic allocation:
Global Reserve Economic Asset Tokenomic Allocation Chart
Based on digitized data of Global Economic Assets as of 31
Total
455
trilion GRT
Each fund will continue to unlock its annual allocation based on the projected global economic forecast achieved in the Fourth Industrial Revolution. The supply is expected to be unlocked until the allocation is completed in 10,000 years. This quantity ensures that the supply of Great Crypto is distributed sustainably and steadily, aligning with the long-term goal of a sustainable global monetary system.
The allocation ratio for the Funds may be adjusted when there is a necessary increase or decrease in new or existing Funds. This increase or decrease will be approved through the consensus of the community, expert panel, and the Global Financial Council.
3. Distribution Mechanism
Great Crypto is not solely based on the 'Proof of Wealth' or 'Proof of Asset' mechanism but also implements the 'Proof of Task' mechanism, where users who perform meaningful tasks and contribute to the real economy will receive tokens as rewards. These tasks can include:
- Participating in community projects
- Providing real-world services or products
- Developing technological solutions
- Promoting global citizen responsibility
4. Inflation and Supply Management
The system is designed to control inflation and manage the token supply strictly. New funds and projects can only receive additional tokens after undergoing a rigorous approval process involving community voting and expert evaluation.
5. Token Utilization
Great Crypto tokens will have various applications:
- Payment method
- Tradable asset on cryptocurrency exchanges
- A tool to promote global economic, social, and environmental projects
6. Governance Mechanism
The Great Crypto user community will actively participate in governance through voting, ensuring that critical decisions regarding fund allocation, token supply increases, and project development are made with community consensus.
7. Real Economy Integration
Great Crypto transcends the digital realm by directly connecting with the real economy, from agricultural and industrial projects to social services. This ensures that every token is backed by genuine labor value and real assets.
The Great Crypto Economic Asset Tokenomic system is a visionary framework designed to promote sustainable and inclusive growth, fostering a fair and transparent monetary system for the global economy. By integrating blockchain technology with the fundamental labor theory of value, Great Crypto aims to empower individuals, communities, and nations to participate in a more equitable and prosperous future.