The previous articles have introduced how D5 Exchange operates through the Gridex Protocol, however what are the incentives for makers to take part? Why would they want to take part?

Here is where the GDX token comes in:

GDX is the native token for Gridex Ecosystem and has been listed on the D5 Exchange since March 15, 2023. The GDX token is the current award for makers and takers who take part in D5 Exchange. The GDX token has a supply of 200 million: with 104 mil tokens (70%) on the ERC-20 network on Arbitrum, whilst the remaining 96 mil tokens (30%) are for Proof of Stake rewards and shall be minted after the launch of Gridex PoS in 2024.

70% will be allocated to the community as part of airdrops to promote the product, for maker rewards and PoS rewards. And the remaining 30% shall be used for marketing and project development and be used as rewards for early contributors, etc.

As the reward for our makers: all makers have to place orders on the GDX/ETH trading pair (0.05% grid). Once the orders are filled, users can get rewards the next day. Or users can use their own invite code to invite other users to participate in the rewards program using the method above and get rewards the same day as the invitees. Note: the rewards are only available with regards to 0.05% in the grid index.

For the specific calculations, please click here for methodology on how rewards will be calculated.

In the future, Gridex plans to launch a PoS mainnet in 2024, supporting popular layer 1 and 2 such as Polygon, Ethereum, whilst also creating cross-chain order books, with D5 Exchange successfully achieving aggregating liquidity across the entire blockchain network. The GDX token will be vital to the success of these systems and will be used as gas fees, for voting, etc.

Gridex have already launched 2 airdrops with giveaways of 54 mil tokens! And the 3rd airdrop has just gone underway (click here), all users are welcome to participate. The GDX token has already been listed on D5 Exchange and will undoubtedly be launched on more exchanges in the near future. Stay tuned!

The previous articles have introduced how D5 Exchange operates through the Gridex Protocol, however what are the incentives for makers to take part? Why would they want to take part?

Here is where the GDX token comes in:

GDX is the native token for Gridex Ecosystem and has been listed on the D5 Exchange since March 15, 2023. The GDX token is the current award for makers and takers who take part in D5 Exchange. The GDX token has a supply of 200 million: with 104 mil tokens (70%) on the ERC-20 network on Arbitrum, whilst the remaining 96 mil tokens (30%) are for Proof of Stake rewards and shall be minted after the launch of Gridex PoS in 2024.

70% will be allocated to the community as part of airdrops to promote the product, for maker rewards and PoS rewards. And the remaining 30% shall be used for marketing and project development and be used as rewards for early contributors, etc.

As the reward for our makers: all makers have to place orders on the GDX/ETH trading pair (0.05% grid). Once the orders are filled, users can get rewards the next day. Or users can use their own invite code to invite other users to participate in the rewards program using the method above and get rewards the same day as the invitees. Note: the rewards are only available with regards to 0.05% in the grid index.

For the specific calculations, please click here for methodology on how rewards will be calculated.

In the future, Gridex plans to launch a PoS mainnet in 2024, supporting popular layer 1 and 2 such as Polygon, Ethereum, whilst also creating cross-chain order books, with D5 Exchange successfully achieving aggregating liquidity across the entire blockchain network. The GDX token will be vital to the success of these systems and will be used as gas fees, for voting, etc.

Gridex have already launched 2 airdrops with giveaways of 54 mil tokens! And the 3rd airdrop has just gone underway (click here), all users are welcome to participate. The GDX token has already been listed on D5 Exchange and will undoubtedly be launched on more exchanges in the near future. Stay tuned!