GroveToken: Multiple quad GVR burns prompt price move as Gate.io listing looms
GroveToken (GRV) has seen its value climb in the wake of a massive supply burn and its anticpated listing on a cryptocurrency exchange Gate.io earlier today.
The token was up 17% day-on-day at one point earlier on 27 September, but it quickly erased most of its gains in just a few hours after the Gate.io debut.
Three hours after the listing at 02:00 UTC, GRV was up just 1.7% day-on-day, when it was trading at $0.000000001375, according to CoinMarketCap.
Grove Token was launched on the BNB Chain (BNB), formerly the Binance Smart Chain, in March 2022 by Dubai-based green investment company Grove.
BNB to USD
The token's price was on an upward trajectory since July when the project’s chief executive John Ghemrawi was appointed as a managing director of Dubai’s first royal-owned metaverse business.
GVR started trading on the platform today after the team announced via Twitter it had burned 2.5 quadrillion tokens to further reduce its supply below 50%.
Bybit listing campaign
In the wake of a successful launch, the team behind GroveToken has begun campaigning to get its coin listed on another crypto exchange platform, Bybit.
Thankyou everybody that took part in the https://t.co/VyOydh5qGB startup! The results shown what a strong project we have in front of us today!
— GroveToken Official (@GroveToken) September 27, 2022
We now need your support to get listed at Bybit! Follow the instructions below, in return you could be rewarded up to $2000 in GVR! pic.twitter.com/0Qk203mlNM
GroveToken’s Twitter account called on its supporters to make an account on Bybit and vote for GRV to be listed. The team promised $2,000 in GVR if the voting efforts prove succesful.
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