GRVT Burns 1.1 Million Tokens as Countdown to Grvt 2.0 Begins

On October 20, 2026, Grvt said its foundation’s token issuer completed the first GRVT buyback, purchasing and burning 1.1 million tokens and removing close to 1% of circulating supply at purchase. Grvt is a self-custodial trading platform on its own zero-knowledge chain; the GRVT token launched in July 2026 and confers no ownership, profit or economic rights. The issuer plans further monthly buybacks at its discretion, with no guaranteed schedule, through an independent partner to a burn address verified on a public dashboard. The burn is the first of five milestones before Grvt 2.0, planned for the end of November 2026, with Grvt Earn due in late October and Stable Funding Perps and Yield as Margin in November.