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Gridex Protocol will go live on Arbitrum on March 1 and start the second round of airdrops

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The airdrop will last for 10 days, releasing 200,000 GDXS per day

Author: Gridex Protocol

Gridex, a technology-leading fully on-chain orderbook trading protocol, will launch and kick off its second airdrop campaign on the Arbitrum platform on March 1. The cooperation between Gridex and Arbitrum is of milestone significance. Using Arbitrum's second-layer capacity expansion technology, Gridex will provide users with lower Gas rates and faster and more efficient transaction services.

Using Arbitrum's layer-2 capacity expansion technology, Gridex can realize high-throughput, low-latency transactions, and its cost is significantly lower than that of Ethereum network. Secondly, Arbitrum's ecosystem also provides strong network effects. Gridex Protocol's strong integration capabilities ensure that it is able to tap into a larger user base and attract more liquidity to the platform, continuing its overall strategy of providing users with the best DeFi experience. By employing the latest technology and partnering with leading industry players, Gridex Protocol offers comprehensive DeFi solutions that meet the diverse needs of our users.

Gridex Protocol: new-generation DEX protocol

Gridex Protocol is the first fully on-chain order book transaction protocol in the Ethereum ecosystem, and is currently the only order book protocol that allows anyone to freely create any pair of transactions without having to obtain permission. Gridex Protocol fills the technical gap for the on-chain centralization of transactions dominated by AMMs, and its application will facilitate further large-scale use of DeFi.

Gridex protocol adopts Grid Maker Order Book (GMOB) mechanism and Grid Price Linear Movement (GPLM) algorithm. It solves the high cost problem of introducing CEX matching algorithm based on matchmaking engine into the chain and the problem of impermanence loss and slip point caused by traditional DEX based on AMM. It provides users with smooth trading experience like CEX while ensuring the transparency of user assets on the chain. Through its innovative "Maker Order", Gridex achieves the same order book Gas costs as AMMs with zero slip points and negative charges, while at the same time, Gridex users gain more liquidity through other users in the Gridex ecosystem, as well as through DEX applications.

In order to comprehensively protect users' asset security, Gridex Protocol uses the audit services of CertiK, a header blockchain security company, covering smart contracts, on-chain order books, and the overall security architecture. No critical vulnerabilities or high-risk issues have been found.

Second round of airdrops: 2 million GDXS for 10 days

The first round of Gridex's 4 million GDX airdrops ended on February 14, and users completed all their Token applications within 24 hours. The second round of Gridex air drops of 2 million GDXS is scheduled to begin on March 1 and will last for 10 days at a rate of 200,000 GDXS per day. Users are welcome to participate.