Singapore, Singapore, August 5, 2024, Chainwire
Hybrid cryptocurrency exchange GRVT (pronounced “gravity”), the first official Validium ZK chain from ZKsync, launches its Open Beta Testnet today. After months of waiting, 2.5 million waitlisted testers can now experience GRVT’s cutting-edge features.
Combining the strengths of CEX and DEX, GRVT enables users to store assets on their own and offers off-chain order matching combined with on-chain settlement 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 launch of the Open Beta Test, GRVT is offering exclusive rewards to early adopters:
- Be among the first 30,000 users to complete KYC verification and win a share of 2.4 million ZK tokens and 600,000 raffle tickets.
- Collect your lottery tickets immediately after verification.
- To claim your $ZK tokens, participate in Mainnet Day 1 (more details about the Mainnet will be announced later).
“GRVT aims to revolutionize financial markets by integrating blockchain technology and self-custody solutions across both TradFi and DeFi,” said Hong Yea, Co-Founder and CEO of GRVT. “We are excited to make our platform publicly available. By applying blockchain settlement and trustless risk management to a centralized order book infrastructure, GRVT is transforming trading and investing while maintaining traditional security controls. I believe this approach, starting with cryptocurrency markets, has the potential to change the entire financial landscape.”
GRVT’s development is supported by Matter Labs, creator of ZKsync, as well as prominent industry partners and investors including Delphi Ventures, Matrix Partners, Hack VC, ABCDE Capital, and others.
For more information and to join the GRVT community, users can visit grvt.io.
Disclaimer: Cryptocurrencies carry a high level of risk. This content is not a distribution, offer or solicitation of 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] fully.
Singapore Users: GRVT is not licensed, approved, authorized, designated, recognized, registered or otherwise regulated under any legislation administered by the Monetary Authority of Singapore (“MAS”). Accordingly, users will not benefit from any regulatory protections imposed by MAS.
About GRVT
GRVT (pronounced “gravity”) is a hybrid derivatives exchange enabling off-chain order matching and on-chain settlement at 600,000 TPS. Founded in 2022 and powered by Matter Labs, GRVT is the first official Validium ZK chain by ZKsync. Our mission is to democratize the financial market with secure, self-service solutions, providing a protected, capable, and basic trading environment for everyone.
GRVT Official Website: https://grvt.io/
For media inquiries, users can contact press@grvt.io
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