ZKsync-Powered GRVT’s Extremely Anticipated Open Beta Goes Stay Right now

Singapore, Singapore, August fifth, 2024, Chainwire

Hybrid cryptocurrency change GRVT (pronounced “gravity”), ZKsync’s first official Validium ZK Chain, launches its Open Beta Testnet at the moment. After months of anticipation, the two.5 million waitlisted testers can now expertise GRVT’s cutting-edge options.

Mixing the strengths of each CEXs and DEXs, GRVT empowers customers with self-custody of their property and provides off-chain order matching mixed with on-chain settlements at a powerful 600,000 transactions per second (TPS). This distinctive mannequin ensures that transactions profit from the velocity of off-chain processes, whereas all asset settlements stay safe and verifiable on the blockchain.

To have a good time the Open Beta Testnet launch, GRVT provides unique rewards to early contributors:

• Be among the many first 30,000 customers to finish KYC verification and win from a pool of two.4 million $ZK tokens and 600,000 raffle tickets.
• Declare raffle tickets instantly upon verification.
• To assert $ZK tokens, take part on Mainnet Day 1 (extra particulars about Mainnet shall be introduced later).

“GRVT goals to revolutionize monetary markets by integrating blockchain expertise and self-custody options into each TradFi and DeFi,” mentioned Hong Yea, Co-Founder and CEO of GRVT. “We’re thrilled to open our platform to the general public. By making use of blockchain settlement and trustless threat administration to centralized order ebook infrastructure, GRVT is remodeling buying and selling and funding whereas upholding conventional safety controls. I consider this strategy, beginning with crypto markets, can reshape your entire monetary panorama.”

GRVT’s growth is backed by Matter Labs, the creator of ZKsync, together with help from distinguished business companions and traders, together with Delphi Ventures, Matrix Companions, Hack VC, ABCDE Capital and so forth.

For extra info and to affix the GRVT group, customers can go to grvt.io.

Disclaimer: Cryptocurrencies carry excessive dangers. This content material will not be a distribution of, or a proposal or solicitation to offer, monetary providers or merchandise, nor a illustration as to their suitability or legality for you. GRVT will not be a regulated entity and your funds usually are not topic to regulatory safety. Earlier than making any resolution primarily based on this content material, please search monetary and authorized recommendation, and punctiliously evaluation our [Risk Disclosure and Disclaimer] in full.

Singapore customers: GRVT will not be licensed, accredited, authorised, designated, recognised, registered or in any other case regulated beneath any laws administered by the Financial Authority of Singapore (“MAS”). As such, customers won’t take pleasure in any regulatory safeguards imposed by the MAS.

About GRVT

GRVT (pronounced “gravity”) is a hybrid derivatives change enabling off-chain order matching and on-chain settlements at 600,000 TPS. Based in 2022 and backed by Matter Labs, GRVT is ZKsync’s first official Validium ZK Chain. Our mission is to democratize the monetary market with safe, self-custodial options, offering a protected, environment friendly and easy buying and selling atmosphere for everybody.

GRVT official web site: https://grvt.io/

For media inquiries, customers can contact: press@grvt.io

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ContactReed LiGRVTpress@grvt.io

This text was initially revealed on Chainwire