Question 1

What is Giant Mammoth (GMMT)?

Accepted Answer

Giant Mammoth (GMMT) operates on the Giant Mammoth Chain, a blockchain network designed to enhance scalability and improve the speed and cost-efficiency of transactions. The project introduces a Layer 2 solution and a modular blockchain architecture, which aims to overcome the limitations posed by traditional blockchain scalability. By breaking down blockchain functions into separate layers (consensus, execution, and data availability), GMMT improves transaction speeds, ensures higher decentralisation, and provides better security through off-chain rollups like ZK-Rollup.

The native token, GMMT, is used across the platform and is essential for accessing various services. It also powers a staking system, providing rewards to users who stake their tokens or delegate them to validators on the Giant Mammoth network.

Question 2

What is Giant Mammoth (GMMT) used for?

Accepted Answer

Giant Mammoth (GMMT) is the utility token for the Giant Mammoth Chain, enabling users to participate in various platform services. It supports staking and rewards, where users can stake GMMT tokens with validators, contributing to network security and earning rewards. It also facilitates governance, allowing GMMT holders to participate in on-chain governance, voting on changes to system parameters like validator numbers or reward structures. GMMT is used for transaction processing, paying for fees across the platform, and benefiting from lower costs due to the modular blockchain and Layer 2 scaling solutions. Additionally, GMMT plays a role in ecosystem growth, funding and fostering the development of decentralised applications (dApps) and further protocol enhancements.

Question 3

Who created Giant Mammoth (GMMT)?

Accepted Answer

Giant Mammoth Chain was created and managed by the Mammoth Foundation, which aims to overcome traditional blockchain scalability issues by implementing advanced technology such as ZK-Rollup and Layer 2 solutions. The foundation's goal is to make blockchain services as pervasive and integrated into daily life as the Internet.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	GMMT-USDT GMMT_USDT	gateio	A	0.001310USDT	-7.22%	4,917,129.43GMMT	305	0.001412USDT	0.001439USDT
2	GMMT-USDT GMMT_USDT	poloniex	C	0.001640USDT	16.31%	23,526,915.26GMMT	682	0.001410USDT	0.002010USDT
3	GMMT-USDT GMMTUSDT	bitrue	D	0.001452USDT	3.94%	5,717,400.55GMMT	1,095	0.001397USDT	0.001455USDT
4	GMMT-INR GMMTINR	coindcx	-	0.1360INR	0.00%	1,214,316.57GMMT	101	0.1360INR	0.1450INR