At last, Gridex Protocol Delivers Get Books on Ethereum

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The Gridex Protocol is a permissionless and non-custodial buying and selling protocol consisting of a  established of persistent, non-upgradable intelligent contracts on the Ethereum blockchain.

Unlike the present-day mainstream decentralized exchanges based mostly on the Automated Market place Maker (AMM)  product, Gridex is based mostly on purchase textbooks. 

With the novel Grid Maker Purchase Guide (GMOB) product, Gridex has appreciably decreased the source use of working an buy e-book-dependent system. The model enables Gridex to deploy and run it on the Ethereum mainnet when making the fuel expense comparable to that of AMMs. 

Gridex is the initial at any time, absolutely on-chain, totally useful order book DEX constructed on Ethereum. This can make them have some key variances from all other DEXs on Ethereum: 

Important Features 

  1. Entirely decentralized: Deployed and operates on the Ethereum mainnet. The total transaction procedure is executed on-chain, with no deposit or withdrawal process necessary. Additionally,  any individual can produce any trading pair freely, without having any permission. 
  2. “Maker Orders” in their protocol have introduced a new infrastructure to the Ethereum ecosystem, letting buyers to spot orders of any dimensions and selling price while owning a zero slippage, zero-MEV, and lower-cost (even destructive-value) trading knowledge. 
  3. Absence of liquidity is now a detail of the previous. Even devoid of marketplace makers, Gridex will even now functionality beautifully. Not only are Gridex users capable to use the liquidity provided by other Gridex end users, but they are also equipped to use the liquidity aggregated from other DEXs, ensuring their swap end users have the potential to get the finest trade fees attainable.
  4. Following getting deployed on the Ethereum mainnet, the protocol will also be deployed on mainstream generalized Layer 2 networks of Ethereum, these kinds of as Arbitrum and Optimism. 
  5. Most of the native tokens (GDX) will be rewarded to the group of buyers in just in excess of a  month before and soon after the start. 100% of the protocol fees will be made use of to buyback and burn GDX. 

What are the upcoming measures? 

  1. The airdrop will get started on December 5. The testnet launch will stick to shortly afterward. 
  2. Sensible contracts are undergoing ultimate optimizations, which will be open up-sourced before the official start of Gridex. 

Please comply with the official Twitter for updates. 

Web-site | Whitepaper | FAQ | Twitter

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