{"id":241660,"date":"2026-10-20T13:09:33","date_gmt":"2026-10-20T13:09:33","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=241660"},"modified":"2026-10-20T13:09:33","modified_gmt":"2026-10-20T13:09:33","slug":"grvt-burns-1-1-million-tokens-as-countdown-to-grvt-2-0-begins","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=241660","title":{"rendered":"GRVT Burns 1.1 Million Tokens as Countdown to Grvt 2.0 Begins"},"content":{"rendered":"

[PRESS RELEASE \u2013 Singapore, Singapore, October 20th, 2026]<\/strong><\/p>\n

The discretionary buyback represents close to 1% of circulating supply and precedes four planned product milestones culminating in Grvt 2.0.<\/strong><\/p>\n

Grvt<\/a>, a self-custodial trading platform built on its own zero-knowledge (ZK) chain, announced that the Foundation\u2019s token issuer has completed its first GRVT token buyback, purchasing and burning 1.1 million GRVT tokens on the open market.<\/p>\n

The transaction permanently removed close to 1% of GRVT\u2019s circulating supply at the time of purchase. It marks the first of five milestones ahead of the planned launch of Grvt 2.0 at the end of November 2026.<\/p>\n

A Discretionary Buyback with On-Chain Verification<\/strong><\/p>\n

The Foundation\u2019s token issuer intends to conduct further buybacks on a monthly basis. Each transaction remains entirely at the issuer\u2019s discretion, with no predetermined purchase amount or guaranteed schedule.<\/p>\n

Buybacks are executed through an independent execution partner, with purchased tokens transferred to a designated burn address and permanently removed from circulation.<\/p>\n

The transactions can be independently verified through the public buyback dashboard<\/a>, which records the number of tokens purchased and burned, the percentage of circulating supply represented, cumulative burns and on-chain transaction hashes.<\/p>\n

\u201cThe GRVT token is an important part of the ecosystem we are building,\u201d said Hong, co-founder and CEO of Grvt<\/strong>. \u201cWe welcome the issuer\u2019s buybacks as a demonstration of its long-term commitment to the ecosystem and community. Grvt is expanding its products and markets, and the issuer\u2019s buybacks sit alongside that as a supportive mechanism aimed at reducing circulating token supply.\u201d<\/p>\n

Grvt Outlines Four Product Milestones<\/strong><\/p>\n

The announcement follows GRVT\u2019s token generation event in July 2026 and precedes a series of planned launches.<\/p>\n

Grvt Earn, scheduled for the End of October,<\/strong> will introduce yield opportunities backed by tokenized assets, with target yields of up to 11%. Potential returns are expected to derive from underlying asset cash flows, including interest, premiums and invoice-related income. Asset-supplying partners will be announced at launch. Target yields are not guaranteed.<\/p>\n

Stable Funding Perps, scheduled for November,<\/strong> will introduce perpetual futures linked to commodities, stocks, foreign exchange and indices. The contracts are planned to carry zero trading fees and use once-daily funding. Grvt aims to list more than 1,000 markets by the end of December 2026.<\/p>\n

Yield as Margin, also scheduled for November,<\/strong> will allow eligible Grvt Earn balances to support trading positions while continuing to accrue yield, subject to applicable product terms and risk parameters.<\/p>\n

Grvt 2.0, scheduled for the End of November,<\/strong> will consolidate these capabilities into a single self-custodial app, alongside a new name, visual identity, and the company\u2019s 2027 roadmap.<\/p>\n

Addressing Idle Capital<\/strong><\/p>\n

The expansion follows a survey of Grvt traders conducted earlier in 2026. Six in ten respondents reported keeping at least a quarter of their capital on the platform idle, while many reported moving funds elsewhere to pursue yields of 8% or more.<\/p>\n

Grvt\u2019s upcoming products aim to reduce the separation between earning yield and deploying capital for trading.<\/p>\n

\u201cTraders shouldn\u2019t have to choose between putting their capital to work and keeping it ready to trade,\u201d Hong said. \u201cGrvt 2.0 is designed around a single self-custodial balance that can support both activities.\u201d<\/p>\n

Founded in 2022, Grvt currently supports perpetual futures across approximately 200 cryptocurrency and real-world asset markets.<\/p>\n

The GRVT token launched in July 2026 and confers no ownership, profit or other economic rights.<\/p>\n

Further details are available in the full announcement<\/a>.<\/p>\n

About Grvt<\/strong><\/p>\n

Grvt is a self-custodial trading platform operating on its own zero-knowledge chain. The platform supports cryptocurrency and real-world asset perpetual futures and is developing products that allow eligible balances to earn yield while supporting trading activity.<\/p>\n

Learn more at grvt.io<\/a>.<\/p>\n

The post GRVT Burns 1.1 Million Tokens as Countdown to Grvt 2.0 Begins<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

[PRESS RELEASE \u2013 Singapore, Singapore, October 20th, 2026] The discretionary buyback represents close to 1% of circulating supply and precedes four planned product milestones culminating in Grvt 2.0. Grvt, a self-custodial trading platform built on its own zero-knowledge (ZK) chain, announced that the Foundation\u2019s token issuer has completed its first GRVT token buyback, purchasing and […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-241660","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/241660"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=241660"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/241660\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=241660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=241660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=241660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}