Camelot Token GRAIL

1. Summary

Ranks

Liquidity

91

Developer

-

Social

88

Momentum (beta)

91

Stack Rank™

-

Price

$380.89 +11.2%

Market Cap

$7.42M (#1717)

Supply

19,359.00 / 82,725.00

Tags

Arbitrum Ecosystem Decentralized Exchange (DEX) Camelot Launchpad

More Metrics

Price
52W High price	$2,666.79
52W High date	3rd Mar 2024 (1 year ago)
All Time High (ATH) Date	19th Mar 2023 (2 years ago)
ATH Price	$4,643.22
% From ATH	-72.67%
All Time Low (ATL) Date	28th Dec 2022 (2 years ago)
ATL Price	$149.96
% From ATL	746.14%

Supply & Trading Volume
Trading Volume (24h)	$414,634.00
Total Supply	82,725.00
Max Supply	100,000.00
Circulating Supply	19,359.00

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Description

The Camelot Token, denoted by the symbol GRAIL, is a cryptocurrency designed to facilitate the decentralized exchange of digital assets within the Camelot ecosystem. It was founded in 2021. This ecosystem-centric platform is built on the Arbitrum network, which it fully supports.

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The Camelot Token, denoted by the symbol GRAIL, is a cryptocurrency designed to facilitate the decentralized exchange of digital assets within the Camelot ecosystem. It was founded in 2021. This ecosystem-centric platform is built on the Arbitrum network, which it fully supports.

Camelot DEX is designed to be highly flexible and customizable, allowing protocols to adapt and grow according to their specific needs. It employs an Automated Market Maker (AMM) that is engineered for flexibility and adaptability. This AMM allows each trading pair to have customized fees that can even differ based on the direction of the trade. This unique feature provides many possibilities for projects to boost trading volume or stabilize selling pressure.

Camelot introduces staked non-fungible tokens (spNFTs), which add a new layer of composability and utility to liquidity provision. These spNFTs are not just liquidity tokens but enable various use cases, from acting as collateral to being used in advanced custom strategies. They open up new avenues for composability and utility within the DeFi ecosystem.

Additionally, Camelot employs a dual-token system consisting of GRAIL and xGRAIL. GRAIL is the liquid, tradable token that powers the ecosystem, while xGRAIL is an escrowed governance token used for governance, permitting allocation to special contracts known as Plugins. This architecture enables Camelot DEX to offer a range of functionalities, from governance to yield boosting, providing an expanded utility landscape for its community.

The platform integrates features such as dynamic directed trading fees, which allow project teams to adjust trading fees based on market conditions. It also uses permissionless nitro pools to provide additional rewards to staked positions. Camelot operates as a launchpad for projects, allowing them to raise funds and guide liquidity within the Arbitrum ecosystem.

The token's smart contract definition provides rules and conditions for the token's usage and transactions, ensuring transparency, immutability, and security. It derives its name from the legendary tale of King Arthur and the Knights of the Round Table, aiming to bring transparency, security, and efficiency to the world of digital asset transactions.

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