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. The platform took to its official X account to reveal this groundbreaking airdrop.
GRVT Allocates Genesis 20% of Token Supply for Genesis Airdrop before Token Generation Event
For the Genesis Airdrop, GRVT is reportedly dedicating up to twenty percent of its overall token supply. This strategic decision resulted from the extensive voting and feedback from the community. The airdrop reinforces GRVT’s endeavors to maintain inclusivity and fairness while it moves near the most-expected Token Generation Event.
Based on the exclusive allocation strategy of GRVT, the 20% of the token supply accounts for a total of 1B $GRVT tokens. The platform has divided the Genesis Airdrop distribution into 3 separate reward pools. Particularly, five percent of the allocated $GRVT tokens will go to the Ecosystem Reward pool. This pool focuses on supporting the initiatives concerning the community and developers.
In addition to this, 11.5% is specified for the Trader Reward pool, benefiting active trading as well as market participation. Additionally, the 3rd segment of these tokens takes into account 3.5% share that will go to the Liquidity Provider Reward pool. This pool provides incentives to those who deliver liquidity for the exchange. Moreover, as the project advances, the platform will reveal the rest of the token allocation within the whole 1B $GRVT amount.
Comprehensive Community Feedback and Support Leads to $GRVT Airdrop
The feedback from the GRVT community played a noteworthy role in shaping the respective endeavor. Following comprehensive votes and discussions, the majority of the members supported the ultimate rewards dissemination model that goes by “Option C.” This model specifies 75% of the total Genesis Airdrop allocation for individual consumer points.
According to GRVT, the respective points-based mechanism guarantees the proportional distribution of rewards in line with user contributions. The other twenty-five percent of the entire allocation is kept separately for the pool responsible for community bonus. The platform also plans to expand the present 9-badge tiers to 12-badge tiers. This will reportedly guarantee fairness for peak contributors while also incentivizing minor but important engagement.
