GRVT Allocates 20% of Token Supply for Genesis Airdrop before Token Generation Event

GRVT, a hybrid crypto exchange combining DeFi and CeFi aspects, has announced Genesis Airdrop. As per GRVT, the platform is allocating 20% of the cumulative token supply for rewards in its Genesis Airdrop while preparing for the upcoming Token Generation Event.

Crypto exchange GRVT, which combines aspects of both DeFi and CeFi, has announced its Genesis Airdrop. The platform is allocating 20% of its cumulative token supply for rewards in its Genesis Airdrop, as it gears up for its upcoming Token Generation Event. The platform took to its official X account to reveal this groundbreaking airdrop.

GRVT Allocates 20% of Token Supply for Genesis Airdrop Ahead of Token Generation Event

For its Genesis Airdrop, GRVT is dedicating up to 20% of its total token supply, as per the announcement. This strategic decision was made following extensive voting and feedback from the community. The airdrop aligns with GRVT’s efforts to ensure inclusivity and fairness as it approaches the highly anticipated Token Generation Event.

According to GRVT’s exclusive allocation strategy, the 20% of the token supply amounts to a total of 1B $GRVT tokens. The platform has divided the Genesis Airdrop distribution into 3 separate reward pools. Notably, 5% of the allocated $GRVT tokens will be dedicated to the Ecosystem Reward pool, which supports initiatives related to the community and developers.

Furthermore, 11.5% is earmarked for the Trader Reward pool, rewarding active trading and participation in the market. The 3rd segment of these tokens takes into account 3.5% share that will go to the Liquidity Provider Reward pool, which incentivizes those who provide liquidity for the exchange. As the project progresses, the platform will announce the remaining token allocation within the total 1B $GRVT.

Community Feedback and Support Paves Way for $GRVT Airdrop

The feedback from the GRVT community played a crucial role in shaping this undertaking. Following multiple rounds of voting and discussions, the majority of members supported the final reward distribution model, known as “Option C.” This model allocates 75% of the total Genesis Airdrop allocation for individual user points.

According to GRVT, this points-based mechanism ensures the proportional distribution of rewards relative to user contributions. The remaining 25% of the total allocation is reserved for a pool dedicated to community bonuses. The platform also plans to expand the current 9-badge tiers to 12-badge tiers, which will guarantee fairness for top contributors and incentivize even minor yet valuable engagement.