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Gridex protocol boosts up its Airdrop#2 rewards to 3 Million GDX

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Gridex Protocol has increased the total reward for the GDX airdrop#2 to 3 million GDX effective as of 6th March at 00:00 UTC. An extra 200,000 GDX will be distributed daily for the remaining 5 days of the event. To qualify for the airdrop, users must place maker orders and meet the requirements during the campaign period on the Arbitrum network using the ETH/USDC trading pair (0.05% grid). What’s more, a Leaderboard that periodically displays the latest airdrop rewards to the top 200 participants has been added to the Gridex official website.

Gridex Protocol and Arbitrum have formed a partnership that will offer users faster and more efficient transactions coupled with reduced Gas fees, thanks to Arbitrum’s Layer 2 scaling technology. By leveraging this technology, Gridex can facilitate high throughput and low latency transactions while keeping gas fees considerably lower than on the Ethereum network.

Gridex Protocol: A fully on-chain order book trading protocol

Gridex Protocol combines the benefits of centralized and decentralized trading by utilizing its proprietary Grid Order Maker Book (GMOB) model to facilitate the trading of ERC-20 tokens. Unlike traditional decentralized exchanges (DEXs) that use automated market maker (AMM) models, the GMOB model enables traders to execute trades of any size or price immediately while maintaining the security of a DEX.

By conducting transactions off-chain, potential trust issues associated with off-chain limit orders are eliminated. The risk of issues such as impermanent loss and slippage commonly found in AMM-based DEXs is reduced. The Gridex Protocol further ensures the safety of user assets through auditing services provided by blockchain safety pioneers CertiK, covering smart contracts, on-chain order books, and overall security architecture. 

The Gridex Protocol aims to revolutionize the crypto trading experience by utilizing cutting-edge technology such as the GMOB model, offering a comprehensive solution that caters to the needs of every trader. If widely adopted, the Gridex Protocol has the potential to change the entire ecosystem of DEX applications.

For details on the boost plan, please visit: https://airdrop.gdx.org/  

Disclaimer: This is a paid post and should not be treated as news/advice. 

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With Masters in Mass communication and journalism, Anjali's interests lie in blockchain technology adoption across emerging economies.
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