GRVT opens airdrop registration amid backlash over new lock-up terms

Decentralized perpetual futures exchange GRVT has opened registration for its upcoming airdrop ahead of its Token Generation Event (TGE). Eligible recipients must complete registration and agree to the terms between 6:00 a.m. UTC on July 10 and 12:00 a.m. UTC on July 27. GRVT also introduced a "Multiplier Program," which increases a user's airdrop allocation if they agree to a longer vesting period. Participants can receive a larger share of GRVT tokens by opting to delay their claim for four or eight months post-TGE. However, the move has sparked complaints from the community over what they describe as an unexpected lock-up requirement for the previously announced airdrop. The cryptocurrency Telegram channel Coin Gachi Tuja noted that the new structure effectively reduces the allocation for users who do not choose a vesting option. The channel pointed out that this contradicts GRVT's earlier promise during its Season 1 campaign to distribute the full airdrop amount at the TGE.