Gridex price

GDX

#9384

Gridex is a fully on-chain order book trading protocol based on the novel Grid Maker Order Book (GMOB) model.

Unlike the current mainstream decentralized exchanges based on the Automated Market Maker (AMM) model, Gridex is based on order books. With the novel GMOB model, Gridex has significantly reduced the resource consumption of running an order book based system on-chain, making the gas cost comparable to that of AMMs.

Gridex was deployed on Arbitrum in February 2022, and will be deployed on Ethereum, Optimism, Polygon in the coming months.

GDX Token

The main purpose of issuing GDX is to be the native token of the Gridex PoS layer 0 blockchain. Before Gridex PoS is launched, GDX will be used for the Maker Rewards program.

GDX has a maximum supply of 200M. At first, GDX will be an ERC-20 token on Arbitrum, with a maximum supply of 104,000,000. The remaining 96,000,000 GDX will be minted after the official launch of Gridex PoS.

70% of maximum supply allocated to the community: 1. Airdrop 7%: Airdropped to community users in batches. 2. Maker Rewards 27%: Rewarded to users who place maker orders on a certain GDX trading pair. 3. PoS Rewards 36%: Rewarded to blockchain node operators for powering and securing Gridex PoS.

The other 30% is comprised of: 1. Core Contributors 12%: Minted after the launch of Gridex PoS, with 2-year linear vesting. 2. Development 8%: Used for the continuous development of Gridex, including Gridex PoS, minted linearly over 12 months. 3. Marketing 5%: Used for all the marketing costs of Gridex and its ecosystem, minted linearly over 12 months. 4. Early Investors 5%: Minted linearly over 24 months.

Gridex PoS

Gridex PoS is a cross-chain order book protocol and a layer 0 blockchain that supports all mainstream layer 1 blockchains and generalized layer 2s, including Bitcoin, Ethereum, Arbitrum, Optimism, Polygon, slated for mainnet launch in Q2 2024.