GRVT Burns 1.1 Million Tokens as Countdown to Grvt 2.0 Begins
[PRESS RELEASE – Singapore, Singapore, October 20th, 2026]
The discretionary buyback represents shut to 1% of circulating provide and precedes 4 deliberate product milestones culminating in Grvt 2.0.
Grvt, a self-custodial buying and selling platform constructed by itself zero-knowledge (ZK) chain, introduced that the Foundation’s token issuer has accomplished its first GRVT token buyback, buying and burning 1.1 million GRVT tokens on the open market.
The transaction completely eliminated shut to 1% of GRVT’s circulating provide on the time of buy. It marks the primary of 5 milestones forward of the deliberate launch of Grvt 2.0 on the finish of November 2026.
A Discretionary Buyback with On-Chain Verification
The Foundation’s token issuer intends to conduct additional buybacks on a month-to-month foundation. Each transaction stays completely on the issuer’s discretion, with no predetermined buy quantity or assured schedule.
Buybacks are executed by an impartial execution companion, with bought tokens transferred to a chosen burn handle and completely faraway from circulation.
The transactions may be independently verified by the public buyback dashboard, which information the variety of tokens bought and burned, the share of circulating provide represented, cumulative burns and on-chain transaction hashes.
“The GRVT token is a vital a part of the ecosystem we’re constructing,” mentioned Hong, co-founder and CEO of Grvt. “We welcome the issuer’s buybacks as an illustration of its long-term dedication to the ecosystem and neighborhood. Grvt is increasing its merchandise and markets, and the issuer’s buybacks sit alongside that as a supportive mechanism aimed toward decreasing circulating token provide.”
Grvt Outlines Four Product Milestones
The announcement follows GRVT’s token technology occasion in July 2026 and precedes a collection of deliberate launches.
Grvt Earn, scheduled for the End of October, will introduce yield alternatives backed by tokenized belongings, with goal yields of up to 11%. Potential returns are anticipated to derive from underlying asset money flows, together with curiosity, premiums and invoice-related earnings. Asset-supplying companions will probably be introduced at launch. Target yields are usually not assured.
Stable Funding Perps, scheduled for November, will introduce perpetual futures linked to commodities, shares, overseas trade and indices. The contracts are deliberate to carry zero buying and selling charges and use once-daily funding. Grvt goals to listing greater than 1,000 markets by the tip of December 2026.
Yield as Margin, additionally scheduled for November, will enable eligible Grvt Earn balances to help buying and selling positions whereas persevering with to accrue yield, topic to relevant product phrases and danger parameters.
Grvt 2.0, scheduled for the End of November, will consolidate these capabilities right into a single self-custodial app, alongside a brand new title, visible identification, and the corporate’s 2027 roadmap.
Addressing Idle Capital
The enlargement follows a survey of Grvt merchants performed earlier in 2026. Six in ten respondents reported conserving not less than 1 / 4 of their capital on the platform idle, whereas many reported shifting funds elsewhere to pursue yields of 8% or extra.
Grvt’s upcoming merchandise intention to cut back the separation between incomes yield and deploying capital for buying and selling.
“Traders shouldn’t have to select between placing their capital to work and conserving it prepared to commerce,” Hong mentioned. “Grvt 2.0 is designed round a single self-custodial steadiness that may help each actions.”
Founded in 2022, Grvt at present helps perpetual futures throughout roughly 200 cryptocurrency and real-world asset markets.
The GRVT token launched in July 2026 and confers no possession, revenue or different financial rights.
Further particulars can be found within the full announcement.
About Grvt
Grvt is a self-custodial buying and selling platform working by itself zero-knowledge chain. The platform helps cryptocurrency and real-world asset perpetual futures and is creating merchandise that enable eligible balances to earn yield whereas supporting buying and selling exercise.
Learn extra at grvt.io.
The put up GRVT Burns 1.1 Million Tokens as Countdown to Grvt 2.0 Begins appeared first on CryptoPotato.
