Singapore, Singapore, August 5th, 2024,
Chainwire
Hybrid cryptocurrency exchange GRVT (pronounced
“gravity”), ZKsync’s first official Validium ZK Chain, launches its
Open Beta Testnet today. After months of anticipation, the 2.5
million waitlisted testers can now experience GRVT’s cutting-edge
features.
Blending the strengths of both CEXs and DEXs, GRVT empowers
users with self-custody of their assets and offers off-chain order
matching combined with on-chain settlements at an impressive
600,000 transactions per second (TPS). This unique model ensures
that transactions benefit from the speed of off-chain processes,
while all asset settlements remain secure and verifiable on the
blockchain.
To celebrate the Open Beta Testnet launch, GRVT offers exclusive
rewards to early participants:
- Be among the first 30,000 users to complete KYC verification
and win from a pool of 2.4 million $ZK tokens and 600,000 raffle
tickets.
- Claim raffle tickets immediately upon verification.
- To claim $ZK tokens, participate on Mainnet Day 1 (more details
about Mainnet will be announced later).
“GRVT aims to revolutionize financial markets by
integrating blockchain technology and self-custody solutions into
both TradFi and DeFi,” said Hong Yea, Co-Founder and CEO of GRVT.
“We are thrilled to open our platform to the public. By applying
blockchain settlement and trustless risk management to centralized
order book infrastructure, GRVT is transforming trading and
investment while upholding traditional security controls. I believe
this approach, starting with crypto markets, can reshape the entire
financial landscape.”
GRVT’s development is backed by Matter Labs, the creator of
ZKsync, along with support from prominent industry partners and
investors, including Delphi Ventures, Matrix Partners, Hack VC,
ABCDE Capital and so on.
For more information and to join the GRVT community, users can
visit grvt.io.
Disclaimer: Cryptocurrencies carry high risks. This content is
not a distribution of, or an offer or solicitation to provide,
financial services or products, nor a representation as to their
suitability or legality for you. GRVT is not a regulated entity and
your funds are not subject to regulatory protection. Before making
any decision based on this content, please seek financial and legal
advice, and carefully review our [Risk Disclosure and Disclaimer]
in full.
Singapore users: GRVT is not licensed, approved, authorised,
designated, recognised, registered or otherwise regulated under any
legislation administered by the Monetary Authority of Singapore
("MAS"). As such, users will not have the benefit of any regulatory
safeguards imposed by the MAS.
About GRVT
GRVT (pronounced “gravity”) is a hybrid derivatives exchange
enabling off-chain order matching and on-chain settlements at
600,000 TPS. Founded in 2022 and backed by Matter Labs, GRVT is
ZKsync’s first official Validium ZK Chain. Our mission is to
democratize the financial market with secure, self-custodial
solutions, providing a safe, efficient and simple trading
environment for everyone.
GRVT official website: https://grvt.io/
For media inquiries, users can contact: press@grvt.io
Social and Community: X | LinkedIn | Telegram | Discord
Contact
Reed
Li
GRVT
press@grvt.io