The GRVT token has been announced on @ grvt_io 1. Total supply: Fixed 1 billion pieces, no inflation. 2. TGE time is at the end of June 2026. During this period, the team will focus on promoting several things: 1) promoting the listing of T1 exchange, 2) improving repurchase procedures, staking rewards, institutional support, etc., 3) supplementing products. The spot market will be launched at the end of April, Aave will integrate Earn layer, and Pay will integrate fiat currency with card payments. 3. S2 Extension: Reward distribution has increased from 12% of total supply to 18%, while the point distribution mechanism remains unchanged (based on trading volume, position, liquidity, etc.). 4. Token function: GRVT is not just an exchange token, but more like a membership key for the entire ecosystem. After holding or pledging, you can unlock a better platform experience, including lower transaction fees, higher profit limits, priority access to new products, and more. It is equivalent to about 3 months from now until TGE. For PERP, everyone's participation perspective and strategy are different. If it is purely an investment that earns 11.00%, the impact is not significant. However, if you want to seriously participate in brushing volume, earning points, and pursuing higher returns, it actually tests your personal abilities and strategies, There are several core issues: how to participate with the lowest cost, how to control transaction losses, how to evaluate future project FDV, and how to allocate and calculate strategies between different platforms I have also seen that many teachers have started to break down things very finely, such as the cost of single points and the input-output ratio of different brushing methods. This part is indeed worth more communication, especially in terms of capital efficiency and cost allocation under the multi platform parallel strategy. I have been involved in many PERP projects, and GRVT is one of the useful products. In the first season, there was a 10% airdrop. As long as you have participated before, you can open the Rewards interface and select Season 1, where you can see the number of airdropped tokens locked for Season 1.