cryptocurrency

GRNGrid receives $50 million investment commitment from GEM Digital

ZUG, Switzerland, September 19, 2022, Chenwire

The GRN Association announced today that it has secured a total investment of $50 million for the GRNGrid project from GEM Digital Limited, a crypto-focused venture capital.

About GRNGrid

GRNGrid It is an environmentally friendly, scalable and stable Layer 1 blockchain, with new DeFi features. In GRNGrid, 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.

GRNGrid also offers 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) is the original symbol for GRNGrid. The letter “G” will rule the blockchain by betting for validation and earning validation rewards. Consumers can provide liquidity to the inbuilt DEX index called Exnode.

The GRN Association is a Swiss-based non-profit organization that protects the sustainable vision of GRNGrid, as well as provides funding for environmental projects. The association also deals with the ReCharge program, which enables GRNGrid auditors to reuse their equipment and reduce e-waste.

The new funding from GEM will be invested in further connectivity with top crypto exchanges, adding new global professional partnerships, and building its 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.”

For more information visit:

GRNGrid | Twitter | cable

About GEM

GEM Digital Co., Ltd. It is a digital asset investment company. Headquartered in the Bahamas, the company is actively involved in sourcing, structuring and investing in promising tokens listed on more than 30 central and decentralized exchanges globally.

For more information visit:

GEM Digital Co., Ltd.

Contacts

Member of the Board of Directors

  • John de Frodi
  • GRN Association
  • john.devroede@grngrid.com

Member of the Board of Directors

  • Frederick Fink
  • GRN Association
  • Frederik.Vyncke@grngrid.com


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