The GDX native currency of The Gridex, the first-ever on-chain trading protocol for the Ethereum ecosystem, has been formally listed on the D5 Exchange. According to data from CoinMarketCap, GDX increased by 422% to a record high of $0.742. Also, according to Arbscan’s data, over 10,000 addresses own GDX. Gridex has launched trading pairings such as GDX/USDT, GDX/USDC, and GDX/GMX to improve trading on D5 Exchange.
With a maximum supply of 200 million, GDX’s allocation is split into 30% for project development and promotion, compensating core contributors and early investors, and 70% for community distribution, including airdrop, PoS incentives, and maker awards. Starting on March 15th, 2023, the maker rewards campaign will run on Arbitrum One on the GDX/ETH trading pair (0.05% grid). The maker rewards campaign’s total prize pool is 54 million GDX. The top 1 address user received up to 39,448.36 GDX for yesterday’s trading after the first day of business.
Gridex Will Participate in Paris Blockchain Week 2023
Paris Blockchain Week 2023, which runs from March 20 to March 24, will have Gridex Protocol as a key partner. It is one of the most important international gatherings for the blockchain sector, bringing together some of the brightest minds. Business executives, financiers, entrepreneurs, and developers assemble to generate ideas and advance advancement. Speaking at the Summit Event will be Ali Al-Ali, the Technical Lead of Gridex and one of its founding members, who will discuss how on-chain order book trading protocol may be utilized to promote the acceptance and growth of global DeFi.
As the Gridex Protocol seeks to broaden its reach and impact in the sector, the partnership with Paris Blockchain Week 2023 represents a significant turning point. The company may increase its visibility and build connections with other thought leaders and innovators in the sector by participating in such high-profile events, opening the door for further partnerships and collaborations.
The Gridex Protocol is a permissionless, non-custodial trading protocol that runs on the Ethereum blockchain and consists of persistent, non-upgradable smart contracts. Gridex is built on order books, unlike the popular decentralized exchanges based on the Automatic Market Maker (AMM) concept. Gridex has significantly decreased the resource requirements for maintaining an order book-based system with its ground-breaking Grid Maker Order Book (GMOB) model, enabling it to be deployed and run on the Ethereum blockchain with gas costs that are comparable to AMMs.
The Gridex Protocol uses cutting-edge technology to provide a comprehensive DeFi solution that meets the needs of every trader to revolutionize the experience of trading cryptocurrencies.