GRVT Revolutionizes Token Allocation: 20% Airdrop, New Reward Mechanism

Hybrid Encryption Transaction Platform GRVT has announced a significant development in its token allocation and reward mechanism. The platform, which specializes in hybrid crypto trading, has allocated 20% of its total token supply for the Genesis Airdrop. This allocation is part of a comprehensive upgrade to the platform's reward mechanism, aimed at incentivizing ecosystem contributors, traders, and liquidity providers.

The total token supply of GRVT has been set at 1 billion. The Genesis airdrop allocation is distributed as follows: 5% to ecosystem contributors, 11.5% to traders, and 3.5% to liquidity providers. This allocation reflects the platform's commitment to fostering a diverse and active user base.

Following a community vote, GRVT has adopted the Option C reward distribution scheme. Under this scheme, 75% of rewards are distributed based on points, with an additional 25% allocated to the community reward pool. This pool is distributed based on users' badge levels and activity, ensuring that even small contributors receive rewards. The badge system has been expanded from 9 levels to 12 levels to further incentivize users at different levels.

Key updates starting from Epoch 3 include a change in the Epoch settlement period from monthly to weekly. Non-API traders will receive double the trading points, and the reward platform is set to upgrade to accommodate the new reward mechanism. These changes aim to enhance the user experience and encourage more active participation in the platform.

The Genesis airdrop event will continue until the Token Generation Event (TGE). The final TGE time will depend on the achievement of key product milestones and user growth. GRVT emphasizes that all users who contribute to the ecosystem will receive a fair reward, reflecting the platform's commitment to rewarding user engagement and contribution.