GRNGrid receives $50 million investment commitment from GEM Digital

The GRN Association, a Swiss-based non-profit organization, announced today that it has secured a total investment of $50 million for the GRNGrid project from GEM Digital Limited, a venture capital focused on cryptocurrency.

on me GRNGrid, Layer 1 blockchain is eco-friendly, scalable and stable, with new DeFi features, users have the option to use nodes that run exclusively on renewable energy in their transactions.

GRNGrid’s renewable energy partners, which specialize in data centers and hosting facilities, have shown a strong interest in running network nodes as auditors. With their help, the company can begin the availability, speed, and sustainability of GRNGrid in the second quarter of 2023. New GRNGrid features such as GRNPay and Exnode will also encourage developers and consumers to connect to GRNGrid.

Introducing Proof of Stake V2 (PoS2), GRNGrid is the first blockchain with a consensus method specifically designed to deal with whales and achieve a fairer distribution. This consensus approach will provide more security, improved decentralization, and better financial sustainability.

GRN ($G), the original token of GRNGRid, will govern the blockchain by betting for validation and earning validation rewards. Consumers can provide liquidity to the inbuilt DEX index called Exnode.

The GRN Association protects the sustainable vision of GRNGrid, as well as providing funding for environmental projects. The association also deals with the ReCharge program, which enables GRNGrid auditors to reuse their equipment and reduce e-waste.

New funding from GEM Digital Co., Ltd. A digital asset investment company that will invest in further connectivity with top cryptocurrency exchanges, add new global professional partnerships, and build blockchain technology and infrastructure.

Frederic Fink: “The GRN Association is confident that with the support of GEM and community investment, GRN Grid can come to fruition and set the tone for a renewed blockchain with innovative features and sustainable development.”

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