In December, the GRVT protocol introduced its inaugural reward program season, aiming to incentivize and appreciate the contributions of its most active users. This program is anticipated to lead to an airdrop, as suggested by a recent GRVT announcement. This article provides an in-depth look into the various ways to earn points and become eligible for the GRVT airdrop.
Understanding GRVT and Its Innovative Platform
What is GRVT?
Currently in its testnet phase, GRVT is emerging as a platform for trading hybrid exchange derivatives (HEX) based on Zk-Rollups technology, employed by the ZkSync network. This technology ensures a secure and scalable trading environment for users. GRVT will offer perpetual market trading, an options market, a trading strategy service with pre-established strategies by GRVT, and much more.
Key Features of the GRVT Platform
- Security: GRVT provides a safe trading experience with self-custody of funds, transaction confidentiality, multi-layer protection combining Web2 and Web3 security protocols, and strict compliance with KYC and AML procedures.
- Simplicity: The platform makes trading accessible and straightforward for all, with trading modes suitable for various expertise levels and effortless self-custody of assets without complex configurations.
- Scalability: GRVT stands out with its ability to process up to 600,000 transactions per second in under 2 milliseconds, eliminate unpredictable gas fees, and optimize capital management through portfolio margin and cross margin offers.
As of writing, GRVT’s full trading functionalities are yet to be launched, with only its referral system currently active for earning points.
How to Become Eligible for the GRVT’s Airdrop
Joining GRVT
To register on GRVT, visit the platform. Click on “Sign In” at the top right of the interface. After indicating your current trader status (individual or professional), enter your email and password. Use the code IQ5XL0X to receive 10 points upon joining.
The GRVT Reward System Explained
GRVT’s “balanced” reward program consists of three phases (0, 1 & 2), with the first phase (0) already concluded. In these phases, you can accumulate maximum points to be eligible for a future token airdrop.
Phase 1 Points System:
- 10 points for each direct invitation.
- 2 points for each indirect invitation.
- 10 points for being invited.
Phase 2 Points System:
- Activity Points:
- 100 points for each direct invitation (trader) from Phase 1, exchanging $2,000 within the first 3 months (after completing KYC).
- 10 points for each indirect invitation doing the same.
- Trading Points:
- 1 point for every dollar exchanged by a Phase 1 invited trader.
- 1 point for every $10 exchanged by an indirect Phase 1 invite.
Phase 2 is crucial in GRVT’s reward program. Overall, GRVT plans to distribute 10% of its total token supply through airdrops. Additionally, each participant will receive a “zkSync mystery box” containing undisclosed “treasures.”
Inviting Users to GRVT
Access the “Reward Dashboard” in the main interface of GRVT to find your affiliate code/link. Share this with your preferred contacts. A “quota” system limits the number of invitations you can use each week, resetting at the week’s end.
Final Thoughts on GRVT’s Airdrop
With the GRVT mainnet launch scheduled for April 2024, you have ample time to strategize and earn points through the referral system. The final and most crucial phase of this first season will be the third phase.
In conclusion, GRVT’s reward program offers a unique opportunity for users to engage and benefit from the platform’s growth. Stay tuned for further updates and developments as GRVT continues to evolve.
