ZUG, SWITZERLAND, 19th September, 2022, Chainwire

The GRN Association announced today that it has secured an investment totaling $50M for the GRNGrid project from GEM Digital Limited, a venture capital focused on digital currencies.

About GRNGrid

GRNGrid is an environmentally friendly, scalable, and stable Layer 1 blockchain, with novel DeFi features. GRNGrid allows users to choose whether or not they want to use nodes that run exclusively on renewable energy in their transactions.

GRNGrid’s renewable energy partners, who specialize in data center and hosting facilities, have shown keen interest in running Grid’s nodes as validators. With their help, the company can kickstart the availability, speed, and sustainability of GRNGrid in Q2 2023. GRNPay, Exnode and other innovative features of GRNGrid will encourage both developers and consumers to connect with GRNGrid.

GRNGrid is also introducing Proof-of-Stake V2 (PoS2). GRNGrid is the world’s first blockchain to have a consensus system specifically for whale protection and fair distribution. This consensus method will provide greater security, improved decentralization, better financial sustainability, and increased security.

GRN ($G), is the native token for GRNGrid. G will manage the blockchain through staking and earning validation rewards. Exnode, the inbuilt DEX, is available to consumers.

The GRN Association, a Swiss-based NPO, is a non-profit organization that supports the sustainable vision of GRNGrid and provides funding for environmental projects. The ReCharge program allows GRNGrid validators and other users to repurpose hardware and reduce electronic waste.

The new funding from GEM is being used to further connect with top crypto exchanges, add new global professional partnerships and build out its blockchain technology 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 be setting the tone for a renewable blockchain with innovative features and create a sustainable development”

For more information, please visit

GRNGrid | Twitter | Telegram

About GEM

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

For more information, please visit

GEM Digital Limited

Contacts

Board Member

• John de Vroede
• GRN Association
• [email protected]

Board Member

• Frederik Vyncke
• GRN Association
• [email protected]