Grngrid secures 50 million USD investment commitment from Gem Digital

The GRN Association announced today that it has secured an investment of a total of $ 50 million for the Grngrid project of Gem Digital Limited, a risk capital specializing in digital currencies.

via Grngrid

Grngrid is an environmentally friendly, scalable and stable layer-1 blockchain with new defi functions. On Grngrid, users have the choice of only using nodes for their transactions that are operated exclusively with renewable energy.

The partners for renewable energies from Grngrid, which specialize in data centers and hosting facilities, have shown great interest in operating grid nodes as validators. With their help, the company can boost the availability, speed and sustainability of Grngrid in the second quarter of 2023. The new functions of Grngrid such as Grnpay and Exnode will also encourage developers and consumers to connect to Grngrid.

grngrid also introduces Proof-of-Stake V2 (POS2). Grngrid is the first blockchain with a consensus method that was specially developed to combat whales and achieve a fairer distribution. This consensus method will lead to increased security, improved decentralization and better financial sustainability.

grn ($ g) is the native token from Grngrid. "G" will rule the blockchain by being demolished to maintain and validate validation premiums. Consumers can provide the built -in Dex called Exnode liquidity.

The GRN Association is an NPO (non-profit organization) based in Switzerland-and protects the sustainable vision of Grngrid and finances environmental projects. The association also manages the calcaries program that enables Grngrid validists to reuse their hardware and reduce electronic waste.

The new financing of Gem is invested in further connectivity with top crypto exchanges, adding new global professional partnerships and the expansion of blockchain technology and infrastructure.

Frederik Wyncke:

"The GrN Association is confident that it realizes with the support of Gem investments and the Community Grn Grid and can specify the sound for a renewable blockchain with innovative functions and create sustainable development."

For more information, visit:

Grngrid | Twitter | Telegram

about Gem

Gem Digital Limited is an investment company for digital assets. The company, which is based on the Bahamas based, actively invests, structured and invests in promising utility tokens, which are noted worldwide on over 30 centralized and decentralized stock exchanges.

For more information, visit:

Gem Digital Limited

contacts

Board member

Board member