GRVT, a ZKsync-based hybrid exchange, targets token launch post-June with community allocation raised to 28%.
DeFi & Yields ·
GRVT, a ZKsync-based hybrid exchange, has set its token launch for after June 30 and raised its community allocation to 28%. The move comes as the platform reports rising trading volumes. The expanded community share reflects a shift in the project's token distribution strategy ahead of the planned launch window.
The mechanics of the allocation adjustment and the exact timing within the post-June period remain to be detailed. No information has been disclosed regarding the total token supply, vesting schedules, or how the remaining 72% of tokens will be distributed across other categories such as core contributors, investors, or reserves.
What remains unclear is the specific launch date, the mechanism by which community members will receive or claim their allocation, and whether any prior announcements about community allocation had set a lower figure that prompted this increase to 28%.