GRVT Burns 1.1 Million Tokens as Countdown to Grvt 2.0 Begins
Singapore, Singapore, October 20th, 2026/Chainwire/--Grvt, a self-custodial trading platform built on its own zero-knowledge (ZK) chain, announced that the Foundation's token issuer has completed its first GRVT token buyback, purchasing and burning 1.1 million GRVT tokens on the open market.
The transaction permanently removed close to 1% of GRVT's 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.
A Discretionary Buyback with On-Chain Verification
The Foundation's token issuer intends to conduct further buybacks on a monthly basis. Each transaction remains entirely at the issuer's discretion, with no predetermined purchase amount or guaranteed schedule.
Buybacks are executed through an independent execution partner, with purchased tokens transferred to a designated burn address and permanently removed from circulation.
The transactions can be independently verified through the public buyback dashboard, which records...
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