This analysis explores the pivotal role of $GRND, the governance token of SuperWalk, in driving the decentralized exercise habit formation protocol. As the backbone of the SuperWalk ecosystem, $GRND facilitates community governance and revitalization efforts, while integrating with the app's NFT Shoes to add a layer of gamification and community engagement.

With a total supply capped at 1 billion tokens, the tokenomics of $GRND have been carefully structured, including a strategic distribution across various stakeholders, such as private investors, team members, partners, and the broader ecosystem.

This study aims to provide stakeholders with actionable insights on how $GRND and $xGRND are performing in the context of SuperWalk's evolving ecosystem and decentralized governance framework.

The $GRND token is the governance token of SuperWalk, designed to facilitate decentralized exercise habit formation and community-driven decision-making. With a total supply of 1 billion tokens, $GRND plays a pivotal role in the SuperWalk ecosystem by enabling staking into $xGRND for governance and rewards, as well as being used for various in-platform activities, such as staking for rewards, engaging in governance decisions, and influencing the protocol's future direction.

There is a mechanics of staking $GRND to receive $xGRND, an ERC-4626 compliant staking token. The GRND value ratio is central to staking and unstaking, with the ratio increasing as staking rewards accumulate, ensuring that the value of $xGRND relative to $GRND only grows over time. The staking system is designed to reward long-term holders, as $xGRND cannot decrease in value against $GRND.

In addition, a 7-day unstaking period exists, during which no rewards are accrued, further emphasizing the platform's long-term incentive structure.