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gdx Price Live Data
The live GDX Token price today is $ 1.24 usd with a 24-hour trading volume of $10 528 usd. We update our GDX to usd price in real-time. GDX Token is up 9.54% in the last 24 hours. The current coinmarketcap ranking is #, with a live market cap of $0 usd.
What Is GDX Token (gdx)?
"What is the Project About?
Gridex Protocol is a permissionless and noncustodial trading protocol consisting of persistent, non-upgradable smart contracts on the Ethereum blockchain. Unlike the current mainstream decentralised exchanges (DEXs) based on the automated market maker (AMM) model, Gridex is based on order books.
What makes your project unique?
GMOB model: the solution to pain points of using an on-chain order book
Implementing an order book on the blockchain is difficult due to the performance limitations of public chains and high gas fees for transactions. The algorithm of a matching engine needs to use lots of resources on-chain, making it challenging to replicate the order book model.
Gridex Protocol resolves the issue of high gas costs for running an order book-based system on Ethereum by introducing the Grid Maker Order Book (GMOB) model, which uses narrow price ranges instead of specific prices for maker orders and awards negative trading fees for providing liquidity. This reduces resource consumption and lowers gas costs to levels similar to those of AMMs.
History of your Project:
Q4 2022: Gridex released its whitepaper
Q1 2023; Gridex Sponsored the European Blockchain Convention event held on Feb 15-17, 2023.
Q1 2023: Gridex has been audited by Certik.
What is Next for your Project:
Deploy Gridex on Ethereum Mainnet, Arbitrum, Polygon and Optmism
List tokens on exchanges
What can your token be used for?
Maker Rewards 27%
PoS Rewards 36%
Core Contributors 12%
Early Investors 5%
GDX Token PRICE
Fully Diluted Market Cap