GRVT Burns 1.1 Million Tokens Ahead of Version 2.0
Edited by Steinar Vigdel Kolnes, Editor, Oslo
GRVT announced its first token buyback and burn, removing nearly 1% of circulating supply ahead of four planned product milestones.
GRVT said its Foundation’s token issuer bought 1.1 million GRVT tokens on the open market and burned them, completing its first buyback.
The discretionary purchase removed close to 1% of the token’s circulating supply. Burning tokens permanently takes them out of circulation.
GRVT operates a self-custodial trading platform on its own zero-knowledge blockchain. The buyback comes ahead of four planned product milestones leading to the rollout of GRVT 2.0.
Source: Bitcoin.com News
