Hybrid crypto exchange GRVT targets post-June token launch, raises community allocation to 28%
Hybrid crypto exchange GRVT plans its token launch after June 30, increasing the community allocation to 28% of the total supply.Summary
The hybrid decentralized exchange GRVT, which combines on-chain settlement with centralized trading features via a ZKsync-powered chain, plans to launch its GRVT token shortly after June 30, prioritizing the right launch moment over speed. Ahead of the Token Generation Event (TGE), GRVT has significantly increased the total community allocation to 28% of the fixed 1 billion token supply, with the portion reserved for Season 2 participants rising from 12% to 18%. This expansion rewards the growing user base without affecting previously earned allocations. The platform's current incentive campaign, Season 2, concludes at the end of June, and the token will initially trade on GRVT's spot market while the team pursues tier-one CEX listings. Platform activity has surged, with Total Value Locked reaching $107.1 million and open interest hitting $484.1 million during the current campaign. Before the launch, GRVT plans to introduce features like native Layer 1 yield via Aave integration and go live with spot trading by the end of April.
(Source：The Block)