GRNGrid Achieves USD 50 Million Investment Commitment from GEM Digital – UKTN

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ZUG, SWITZERLAND, September 19, 2022, Chainwire

The GRN Association announced today that it has secured a total investment of $50 million in the GRNGrid project of GEM Digital Limited, a venture capital focused on digital currencies.

About GRNGrid

GRNGrid is an eco-friendly, scalable and stable Layer 1 blockchain, with new DeFi features. On GRNGrid, users have the choice to only use nodes that run solely on renewable energy for their transactions.

GRNGrid’s renewable energy partners, who specialize in data centers and hosting facilities, have shown great interest in running Grid’s nodes as validators. With their help, the company can kickstart GRNGrid’s availability, speed and durability in Q2 2023. GRNGrid’s new features, such as GRNPay and Exnode, will also encourage developers and consumers to connect on GRNGrid.

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GRNGrid also introduces Proof-of-Stake V2 (PoS2). GRNGrid is the first consensus method blockchain specifically designed to target whales and achieve fairer distribution. This consensus method will provide greater security, improved decentralization and better financial sustainability.

GRN ($G) is the original token of GRNGrid. “G” will control the blockchain by staking to validate and earn validation rewards. Consumers can provide liquidity to the built-in DEX called Exnode.

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The GRN Association is a Switzerland-based NPO (non-profit organisation), — protecting GRNGrid’s sustainable vision, as well as providing funding to environmental projects. The association also operates the ReCharge program, which allows GRNGrid validators to reuse their hardware and reduce electronic waste.

GEM’s new funding will be invested in further connectivity to the best crypto exchanges, adding new global professional partnerships and building out the blockchain technology and infrastructure.

Frederik Vyncke:

“The GRN Association is confident that with the support of GEM investment and the community, it can bring GRN Grid to fruition and set the tone for a renewable blockchain with innovative features and create sustainable development”

For more information visit:

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About GEM

GEM Digital Limited is a digital asset investment firm. Based in the Bahamas, the company actively sources, structures and invests in promising utility tokens listed on more than 30 centralized and decentralized exchanges worldwide.

For more information visit:

GEM Digital Limited

Contacts

board member

board member

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