GRVT Launches Open Beta Testnet for ZKsync Validium Chain

GRVT's Open Beta Testnet Launch

GRVT, a pioneering hybrid cryptocurrency exchange, is set to launch its Open Beta testnet on August 5 for ZKsync's first official Validium ZK Chain. This significant event aims to evaluate vital account management and trading capabilities, alongside the innovative GRVT Wallet, which incorporates native biometric-enabled self-custodial features.

Rewards and Participation

Participants in the testnet have the chance to earn $ZK tokens, accumulate points for future airdrops, and receive various rewards by completing designated quests. One of the initial challenges is to be among the first 30,000 users to successfully verify their accounts on GRVT, which offers exclusive ZKsync rewards. Additional incentives are available for providing feedback and engaging in a forthcoming Bug Bounty program.

Enhanced Features and Future Developments

With the Open Beta, GRVT is not only refining existing features but also introducing new enhancements like cross-chain bridging and Paymaster integration, aimed at reducing gas fees. These improvements are part of GRVT's commitment to offering a seamless and efficient trading experience. Users are encouraged to stay informed about future updates and developments.

About GRVT

Founded in 2022 and supported by Matter Labs, GRVT is a hybrid derivatives exchange that specializes in off-chain order matching and on-chain settlements, achieving speeds of 600,000 TPS. As the first official Validium ZK Chain on ZKsync, GRVT's mission is to democratize financial markets through secure, self-custodial solutions, ensuring a safe and efficient trading environment for all users.

For more details and to join the GRVT waitlist, visit their official website at grvt.io. Engage with their community on platforms like X, LinkedIn, Telegram, and Discord.