Gridex’s Token to be Listed on D5 Exchange on March 15
Gridex Protocol, the popular non-custodial and permissionless trading platform was delighted to announce that its native token, GDX, will be listed on the D5 exchange platform on March 15. The quest to transform the decentralized finance (DeFi) space inspired the Gridex team to partner with D5 Exchange. Through the partnership, Gridex has been providing its users with cutting-edge solutions for businesses.
Recently the team completed a successful second-round airdrop program that enabled the firm to distribute over 3 million GDX-powered airdrops. The event has created more opportunities for Gridex to issue an additional 200000 GDX to commemorate the completed ten-day project.
Importance of Airdrop Crypto
The successful airdrop project motivates the Gridex team to launch its native tokens to multiple exchanges. The team revealed that the new token has huge potential to transform the DeFi world. The company announced on March 10 that the GDX token has a total supply of over 200 million.
Beyond this, the token will be listed among the ERC-20 tokens on the Arbitrum, holding a maximum supply of 104 million GDX. The remaining GDX assets will be released after the long-awaited launch. The company plans to share 70% GDX with the community by implementing a Proof-of-Stake (PoS) reward system to allow them to earn an additional income from their investment.
After the launch, the Gridex team plans to distribute 30% of GDX to its core team, including the creators, investors, project team and other staff.
The team behind the GDX remains optimistic that the token will create more opportunities for the company to develop groundbreaking technologies to strengthen the order book trading platform. Besides the proposed developments, the team plans to adopt unique promotional techniques to attract more customers. As per the report, the active participants of Gridex’s first and second airdrop rounds will receive fair trading deals.
Gridex Next Move
The ever-evolving crypto world has prompted the Gridex team to leverage their expertise to develop enriching assets that meet customer demands. The team invested in developing the Grid Maker Order Book (GMOB) model to expedite decentralized exchanges (DEX) transactions. Also, the attempt to launch seamless transactions on the centralized exchanges CEXs inspired Gridex to invest in developing a powerful linear movement tool Grid Price Linear Movement (GPLM).
In light of this development, the GMOB and GPLM technologies have enabled Gridex users to enjoy endless benefits, including low transaction costs, reduced gas charges, high liquidity and flexibility in trading. Besides the exclusive trading experiences, Gridex pledged to continue improving the security of its platform. The team has engaged fast-growing crypto security firm CertiK to assist the firm in meeting global auditing standards.
In addition, Gridex and CertiK plan to assess the company’s security infrastructures, including the smart contracts to safeguard the blockchain platform from exploits.
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