Owning GRX: Uses, Storage and Risks

GRX is the native utility and governance coin of GRX Chain, an EVM-compatible blockchain in the GroveX ecosystem. You can use it to pay network gas fees, stake as a validator or delegator, and vote on on-chain governance proposals. The chain is intended to support DeFi, on-chain trading, payments and other Web3 applications, but those uses depend on projects and activity actually being available on the network.

GRX Chain uses Delegated Proof of Stake. Staking may help secure the network, but it is not the same as holding GRX in a wallet: you may need to delegate to a validator, and staking can involve lockups, validator performance risks or other conditions. GRX Chain does not publish staking terms or validator requirements here, so check those details before committing tokens. Governance rights also do not guarantee that a proposal will pass or that a decision will benefit holders.

Native GRX is for GRX Chain. Wrapped GRX (WGRX) is described as an ERC-20-style asset for integrations and decentralized-exchange liquidity, including on GRXswap. Native GRX and WGRX are not automatically interchangeable across networks: sending a token to an address on the wrong chain can leave it inaccessible.

Before withdrawing, depositing or adding a token to a wallet, check the network name and the exact asset contract through an official GRX Chain or GroveX channel. EVM compatibility alone does not prove that a wallet supports GRX Chain or that a displayed GRX token is genuine. The ticker is also used by unrelated crypto assets, so do not identify a token by ticker alone. Use a wallet that explicitly supports the relevant network and asset, and test with a small transfer if you are unsure. No contract address is included here, so do not guess one from a token search.

GRX has a maximum supply of 10,000,000. As of 2026-11-07, the reported circulating supply was about 9.51 million and total supply about 10.00 million. These are different measures: circulating supply counts tokens considered available in the market, while total supply includes tokens that may not be circulating. Confirm the latest figures before relying on them because supply data can change.

The project describes a burn in which a portion of designated fees is destroyed until a target threshold is reached. That does not mean every transaction burns GRX, and the burn threshold and fee share are not specified here. A maximum supply or burn mechanism does not ensure that demand will rise or that GRX will hold its value. If you compare token supply figures, check whether the data refers to native GRX, WGRX, or both; wrapped tokens can represent tokens held elsewhere and should not automatically be counted as additional native supply.

Keep your recovery phrase offline and private; anyone who obtains it can control the wallet. Use a wallet that supports GRX Chain, confirm the network before each transaction, and consider a hardware wallet if you hold an amount that would be costly to lose. Never share your seed phrase with a support agent or enter it into a website to claim, verify or recover tokens. Check the destination address and asset carefully, since crypto transfers are generally difficult to reverse.

GRX Chain and the GroveX exchange are described as being operated by separate legal entities, despite their close product integration. Do not assume that exchange account protections apply to self-custodied GRX, or that holding GRX gives you a claim on the exchange. Network, validator, smart-contract, custody and market risks remain. GRX Chain's audit status is not published here; verify any security claims and understand the risks before staking or interacting with DeFi applications.