GRVT faces user disappointment over TGE allocation unlock schedule

GRVT completed its token generation event on July 30, launching 1 billion GRVT tokens into the wild. The community response has been, let’s say, mixed. The hybrid exchange allocated 28% of its total supply to community rewards and airdrops, up from an initial target of 22%. The catch is that those tokens are locked behind a 12-month vesting schedule that parcels out access in chunks, starting with 40% at TGE, then 20% increments at months four, eight, and twelve. The unlock math The initial unlock released roughly 11.43% of total tokens to users, translating to a circulating supply of approximately 114 million tokens. At current trading prices between $0.26 and $0.27, that puts the circulating market cap in the neighborhood of $30 million. The next scheduled unlock is August 29, followed by another on November 29. Each of those events will release an additional 20% of airdrop allocations to eligible holders. In English: if you were allocated 10,000 GRVT, you got 4,000 at launch, and you’ll receive 2,000 more at each subsequent checkpoint over the next year. GRVT also introduced claim multipliers that increased the weight of a user’s claim based on various engagement factors. The id...