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Summary of Gridex (GDX)
Key Points
- Gridex is a fully on-chain order book trading protocol based on the Grid Maker Order Book (GMOB) model.
- It has reduced resource consumption, making gas costs comparable to Automated Market Makers (AMMs).
- Gridex was deployed on Arbitrum in February 2022 and will be deployed on Ethereum, Optimism, and Polygon soon.
- GDX is the native token of the Gridex PoS layer 0 blockchain with a maximum supply of 200M.
- 70% of the maximum supply is allocated to the community, and 30% is comprised of core contributors, development, marketing, and early investors.
About Gridex: Empowering the Future of Trading
Introducing Gridex (GDX): A Revolutionary Cryptocurrency
Gridex is a pioneering, fully decentralized on-chain order book trading protocol, built upon the innovative Grid Maker Order Book (GMOB) paradigm.
In contrast to prevailing decentralized exchanges that rely on the Automated Market Maker (AMM) paradigm, Gridex is built upon order books. By leveraging its innovative GMOB model, Gridex has substantially mitigated the resource-intensive nature of operating an on-chain order book system, thereby rendering the associated gas costs comparable to those of AMMs.
Gridex successfully launched on Arbitrum in February 2022, with forthcoming deployments slated for Ethereum, Optimism, and Polygon in the months ahead.
The GDX Token
The primary objective of introducing GDX is to serve as the native cryptocurrency of the Gridex PoS layer 0 blockchain. Prior to the launch of Gridex PoS, GDX will be utilized for the Maker Rewards program, fostering a robust ecosystem.
GDX boasts a capped supply of 200 million units. Initially, GDX will exist as an ERC-20 token on Arbitrum, with a limited supply of 104,000,000. The remaining 96,000,000 GDX tokens will be minted subsequent to the official launch of Gridex PoS.
Seventy percent of the maximum supply is allocated to the community, comprising: 1. Airdrop (7%): Distributed in batches to community users. 2. Maker Rewards (27%): Awarded to users who place maker orders on a specific GDX trading pair. 3. PoS Rewards (36%): Granted to blockchain node operators for powering and securing the Gridex proof-of-stake (PoS) network.
The remaining 30% is allocated as follows: 1. Core Contributors, comprising 12%: These tokens will be minted post-launch of Gridex PoS, subject to a 2-year linear vesting period. 2. Development, accounting for 8%: These tokens will be utilized for the ongoing development of Gridex, including Gridex PoS, and will be minted linearly over a 12-month period. 3. Marketing, representing 5%: These tokens will be allocated towards covering all marketing expenses for Gridex and its ecosystem, with a linear minting schedule spanning 12 months. 4. Early Investors, also 5%: These tokens will be minted linearly over a 24-month period.
The Gridex Proof of Stake (PoS)
Gridex PoS is a pioneering cross-chain order book protocol and a foundational layer 0 blockchain, designed to seamlessly integrate with a diverse range of mainstream layer 1 blockchains and generalized layer 2 solutions, including Bitcoin, Ethereum, Arbitrum, Optimism, and Polygon, with a slated mainnet launch in Q2 2024.
Unveiling the Unparalleled Excellence of Gridex
Initially, Gridex empowers traders to place maker orders of any price and size directly on the blockchain, benefiting from zero slippage and negative fees, without the need for deposits or withdrawals. Furthermore, anyone can freely create trading pairs on Gridex. As a fully on-chain decentralized exchange, Gridex will persistently operate as long as the underlying network (e.g., Ethereum, Arbitrum) remains functional.
Secondly, Gridex boasts composability, a hallmark of DeFi that enables the seamless integration of decentralized finance applications, much like interlocking Lego bricks. This means that, for instance, Gridex’s fully on-chain order book protocol can be leveraged to create a decentralized exchange (DEX) that harmoniously combines order books and automated market makers (AMMs).
Acquiring Gridex (GDX): A Comprehensive Guide to Exchanges and Marketplaces
We are thrilled to announce that GDX will be officially listed on D5.xyz, a cutting-edge decentralized exchange (DEX) and aggregator powered by Gridex, on March 15th, 2023.
Users who execute trades involving GDX on specific pairs via Gridex’s smart contracts or on decentralized exchanges (DEXs) powered by Gridex, such as D5.xyz, will be eligible to participate in the Maker Rewards program.