GRVT Burns 1.1M Tokens as Countdown to Grvt 2.0 Begins

A First Token Burn to Kick Off Grvt 2.0

GRVT, a self-custodial crypto trading platform built on its own zero-knowledge (ZK) chain, has completed its very first token buyback and burn event.

The Foundation's token issuer purchased 1.1 million GRVT tokens directly from the open market and permanently destroyed them. This move removed nearly 1% of the total circulating token supply at the time of purchase.

This buyback marks the first of five key milestones scheduled ahead of the planned rollout of Grvt 2.0 at the end of November 2026.

How the Discretionary Buyback System Works

The project's token issuer intends to conduct monthly buybacks moving forward. However, each transaction remains completely discretionary. There are no fixed purchase amounts or guaranteed execution schedules.

To maintain transparency, buybacks are executed through an independent execution partner. The acquired tokens are transferred directly to a designated burn address, removing them permanently from circulation.

Community members and traders can independently verify every transaction via a public buyback dashboard, which displays key details including:

• The exact number of tokens purchased and burned
• The percentage of circulating supply removed
• Cumulative burn totals over time
• On-chain transaction hashes for public auditability

Four Product Milestones Leading to Grvt 2.0

Following its Token Generation Event (TGE) in July 2026, GRVT is rolling out four strategic product upgrades leading up to its major platform version update:

1. Grvt Earn (Scheduled for Late October 2026)

Grvt Earn will introduce yield opportunities backed by tokenized fixed-income assets. The platform targets yields of up to 11%, generated through underlying asset cash flows such as interest, premiums, and invoice-related income. Asset-supplying partners will be announced at launch.

Target yields are subject to underlying asset performance and prevailing risk parameters; actual returns are not guaranteed and capital may be subject to market risks.

2. Stable Funding Perps (Scheduled for November 2026)

This feature will introduce perpetual futures contracts linked to traditional asset classes, including commodities, stocks, foreign exchange, and market indices. These contracts are planned to feature zero trading fees and a once-daily funding mechanism. GRVT aims to list over 1,000 distinct markets by the end of December 2026.

3. Yield as Margin (Scheduled for November 2026)

Yield as Margin will allow eligible Grvt Earn balances to act as collateral for active trading positions. This means balances can continue earning yield while supporting open positions, subject to applicable product terms and risk controls.

4. Grvt 2.0 (Scheduled for Late November 2026)

The final milestone consolidates all these yield and trading features into a single self-custodial application. The update will also reveal a new visual identity, brand name, and the official project roadmap for 2027.

Addressing Idle Capital in Trader Portfolios

The product expansion addresses feedback from a survey conducted with GRVT traders earlier in 2026. Six out of ten respondents reported keeping at least 25% of their capital idle on the platform, while many moved funds to external protocols when seeking yields of 8% or higher.

GRVT's upcoming releases aim to eliminate the trade-off between holding capital ready for trades and putting it to work earning yield.

"Traders shouldn't have to choose between putting their capital to work and keeping it ready to trade. Grvt 2.0 is designed around a single self-custodial balance that can support both activities." - Hong, Co-founder and CEO of GRVT

About GRVT Platform and Token Role

Speaking on the broader vision, Hong noted that token buybacks complement platform expansion:

"The GRVT token is an important part of the ecosystem we are building. We welcome the issuer's buybacks as a demonstration of its long-term commitment to the ecosystem and community. Grvt is expanding its products and markets, and the issuer's buybacks sit alongside that as a supportive mechanism aimed at reducing circulating token supply."

Founded in 2022, GRVT supports perpetual futures trading across approximately 200 cryptocurrency and real-world asset (RWA) markets. The GRVT token officially launched in July 2026 and confers no ownership, profit-sharing, or other direct economic rights in the issuing entity.