The biggest innovation in the crypto space is the iteration of the financial industry (gambling). Without regulatory protection, traditional banks and securities will quickly decline under the impact of blockchain. 24/7 trading makes blockchain the best choice.
After recognizing this reality, you'll find that there are very few projects in web3 that can generate real income. Most are focused on growth and innovation around trading, as trading (gambling) is a basic human need. That's why Coinbase is willing to spend $200 per person to bring in users; everyone wants a piece of the trading facility growth.
Secured investment from Abu Dhabi's largest sovereign wealth fund ADQ's risk department, and this round of funding was solely invested by them, indicating they are not to be taken lightly. It's worth researching.
🌈 Project background
@grvt_io was established in the United States in 2022 and is the world's first compliant decentralized exchange (DEX), serving as institutional-grade crypto trading infrastructure.
🚀 Funding situation
Funding of $1,430,000, raised in 4 rounds. Projects that raise funds in phases according to a plan have a lower likelihood of fraud.
The most recent round of funding was $5 million from Abu Dhabi's largest sovereign wealth fund ADQ's risk department.
The main investors in the first three rounds include Delphi Digital from the U.S., Hack VC from the U.S., and Matrix Partners from China.
🚴 Founding team
Co-founder and CEO, Hong Gyu Yea, former Executive Director at Goldman Sachs in the U.S.
Co-founder and COO, Matthew Quek, former core member of the Blockchain Payment Technology Department at Singapore's DBS Bank.
Co-founder and CTO, Aaron Ong, former Engineering Manager at Facebook and Cronos Chain.
There are very few Asians who can reach the position of 'Executive Director at Goldman Sachs'; their abilities and connections in the financial circle must be extraordinary.
Additionally, the founding team has many Korean faces, which adds to my expectations for Upbit.
⛩ Airdrop weight
The official total token supply is 1 billion, with 20% explicitly allocated for airdrops, transparently disclosing three weights.
🔹 Trading reward pool (11.5%): Based on trading volume.
🔹 Liquidity reward pool (3.5%): Depositing provides liquidity.
🔹 Contribution reward pool (5%): Inviting, community tasks, etc.
🔸 A 20% share is indeed quite attractive. If there are fewer people and no competition, it might lead to significant gains.
🏄♂️ Airdrop interaction
1⃣ Official website registration
KYC is required, but we Chinese can use ID/passport to pass. I feel sorry for Americans; due to regulatory issues, many crypto projects do not allow them to register.
Registration link: https://grvt.io/exchange/sign-up?ref=3WQX4JB
After registering and logging in with an email, you need to scan a QR code with your phone, take a photo of your ID and a selfie, then upload it and wait for official verification. It won't be instant; manual review is required. I was approved the next day.
🔹 Be sure to check the information on the ID you photograph; I found an error and corrected it myself.
2⃣ Interaction insights
🔸 After completing KYC, we will receive a 'badge,' qualifying us for airdrops. Each badge corresponds to a portion of the airdrop share, so it's strongly recommended to complete KYC (KYC done in April will retroactively grant badges for March, effectively getting them all).
🔸 According to official statements, there has been an ongoing emphasis on sustained activity (hoping to gain loyal users). Maintaining activity every month is necessary to earn that month's badge, so please don't just rush to use it before TGE. I suggest interacting a few times each month.
🔸 Task interface: After connecting Twitter and Discord, completing a retweet can also earn points, equivalent to earning without investment, and you can also earn $ZK tokens.
🔸 There are many exchange-type projects. We can reasonably utilize them for position hedging, funding rate arbitrage, spot contract hedging, and other operations—getting multiple benefits from one.
✅ Summary
@grvt_io is a rare trading infrastructure that has received investment from government sovereign funds. Abu Dhabi's capital is Dubai, the world's crypto capital, and the funding and resource support it can provide is unparalleled compared to many other projects. That's why I added GRVT to my DEX interaction list.
My strategy involves hedging multiple projects, such as Backpack, Lighter, and GRVT positions, while also earning funding rates. This way, I can sleep peacefully without worrying about liquidation. I strongly advise against gambling.
If there are no new growth points by 2025, then continue to leverage trading platforms.
KYC is relatively a reverse studio; earn tokens based on labor input—what you sow is what you reap.
Brothers, hang in there, wait for the return of the bull market.
