Author: Lea Kruger
Last updated: 2025-11-23 03:14
The following is a summary of the The Grand Banks whitepaper, expressed in simple terms to help you quickly understand the The Grand Banks whitepaper and gain a clearer understanding of The Grand Banks.
Wow, friend, so sorry! There is very limited information available about The Grand Banks project, and I’m still working hard to collect and organize it—please stay tuned. In the meantime, you can check out other information about this project displayed in the sidebar of this page. However, based on the scattered information currently gathered, I can summarize some general details about “The Grand Banks” project for you, but please note that this information may be incomplete, and the project’s activity level appears to be low, so this does not constitute any investment advice. For now, the name “The Grand Banks” in the blockchain space mainly refers to the following aspects: First, there is a project called “The Grand Banks” described as a **feature within the Narwhalswap ecosystem**. It was launched in April 2021, with the main purpose of allowing users to select and invest in liquidity mining (LP) funds, and providing a portfolio tracker to help users manage their investments. You can think of it as a “digital fishery,” where users put their digital assets (such as BNB, BUSD, NAR, or GRAND) into this fishery, and by providing liquidity, they “catch” more digital assets. The project’s native token is $GRAND, with a total supply set at 30,000 tokens, linearly minted starting from April 17, 2021. Of these, 88% of the tokens are used for mining rewards, and 12% are allocated to the team (including development, marketing, core team, etc.) and airdrops. Platform fees are also used for token buyback and burn to reduce circulating supply in the market. Secondly, another source describes “The Grand Banks” (with the same token symbol GRAND) as a **decentralized finance (DeFi) protocol** focused on digital asset lending. In this scenario, it acts like a “digital bank,” where users can lend or borrow digital assets through smart contracts (Smart Contracts—self-executing, tamper-proof contract code). If you have idle digital assets, you can deposit them into the lending pool to earn interest; if you need funds, you can provide collateral to borrow assets. This model aims to offer a secure, transparent, and efficient alternative to traditional finance, giving users greater control over their assets. However, it’s worth noting that, according to some cryptocurrency data platforms, the circulating supply and market cap of “The Grand Banks” project are currently both zero, which may indicate that the project’s activity is very low, or it may have already ceased operations. In summary, “The Grand Banks” appears to be an early (circa 2021) blockchain project, mainly focused on liquidity mining and DeFi lending, and issued a token called GRAND. But given its current data performance, if you’re interested in this project, be sure to conduct thorough research and remain highly vigilant about potential risks. **Not investment advice:** Please remember, all the above information is for educational purposes only and does not constitute any investment advice. The cryptocurrency market is highly volatile and risky, so be sure to fully understand the risks and consult professionals before making any investment decisions.
Disclaimer: The above interpretations are the author's personal opinions. Please verify the accuracy of all information independently. These interpretations do not represent the platform's views and are not intended as investment advice. For more details about the project, please refer to its whitepaper.
