[PRESS RELEASE – Singapore, Singapore, July 25th, 2024]

Hybrid cryptocurrency exchange GRVT, ZKsync’s first official Validium ZK Chain, will launch its Open Beta testnet on August 5. The public test aims to assess key account management and trading features, as well as users’ native biometric-enable self-custodial GRVT Wallet.

During the test, participants will have the opportunity to earn $ZK tokens, points for future GRVT airdrops, and other rewards by completing a series of quests.

The first challenge is to be among the first 30,000 people to successfully verify their account on GRVT to earn exclusive ZKsync rewards. Additional incentives are provided for sharing feedback on the testnet and participating in a future Bug Bounty program.

The GRVT team will enhance existing features and introduce new ones along with the Open Beta, including cross-chain bridging and Paymaster integration to reduce gas fees. Users can stay tuned for more future updates.

For more information and to sign up for GRVT’s waitlist, users can visit https://grvt.io/.

About GRVT

GRVT (pronounced “gravity”) is a hybrid derivatives exchange enabling off-chain order matching and on-chain settlements at 600,000 TPS. Founded in 2022 and backed by Matter Labs, GRVT is ZKsync’s first official Validium ZK Chain. Our mission is to democratize the financial market with secure, self-custodial solutions, providing a safe, efficient and simple trading environment for everyone.

GRVT official website: https://grvt.io/

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