GRNGrid secures 50 million USD investment Commitment from GEM Digital

Zug, Switzerland, 19 Sept 2022, Chainwire

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

About GRNGrid

GRN grid A green, scalable and stable layer 1 blockchain with new DeFi capabilities. In GRNGrid, users have the option to use only renewable energy-only nodes for their transactions.

GRNGrid’s renewable energy partners, which specialize in data centers and hosting facilities, have expressed a strong interest in running Grid’s nodes as validators. With their support, the company will be able to launch his GRNGrid availability, speed and sustainability in Q2 2023. GRNGrid’s new features such as GRNPay and Exnode will also facilitate developers and consumers to connect to GRNGrid.

GRNGrid also introduces Proof-of-Stake V2 (PoS2). GRNGrid is the first blockchain with a consensus scheme specifically designed to tackle whales and achieve a fairer distribution. This consensus method enhances security, increases decentralization, and improves financial sustainability.

GRN ($G) is GRNGrid’s native token. G manages the blockchain by staking to validate and earn validation rewards. Consumers can provide liquidity to a built-in DEX called Exnode.

The GRN Association is a Swiss-based non-profit organization (NPO) that protects GRNGrid’s sustainable vision and funds environmental projects. The association also handles a ReCharge program that allows GRNGrid validators to reuse hardware and reduce e-waste.

The new funding from GEM will be invested in further connecting with top cryptocurrency exchanges, adding new global professional partnerships, and building blockchain technology and infrastructure.

Frederick Wincke:

The GRN Association believes that with the investment in GEM and the support of the community, we can make the GRN Grid a reality, set the tone for a renewable blockchain with innovative features, and create sustainable development. doing.”

For more information, see:

GRN grid | | twitter | | telegram

About GEM

GEM Digital Limited A digital asset investment company. Based in the Bahamas, the company actively raises, builds and invests in promising utility tokens listed on over 30 centralized and decentralized exchanges worldwide.

For more information, see:

GEM Digital Limited

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