🪙GDEX Token

What is GDEX Token

GDEX is a double utility on Garuda DeFi, designed to ensures the holders to directly earn shares on protocol fees and involved in the governance platform. CA : terra16hzl7lge3jjnlazvut2ypt7upk68z5dycc9rwy608fah8q0y3fuslkenzc

Application and Benefits of GDEX

GDEX tokens play a significant role in the ecosystem of upcoming Garuda DEX, offering double utility :

• Protocol fees - Entitle holders to receive shares from fees generated by the usage / trading fee on the Garuda DeFi.

• Upcoming Governance - allow the holders to involve on the strategic management of Garuda DeFi development by voting participation or putting proposals up for voting.

Tokenomic

The Tokenomic about the allocation of 98.8 Million GDEX Tokens that represent 100% of DEX trading fee shares :

• GDEX presale, Investor that bought GDEX Token during presale.

• NFT holders, Early and new investors that invest NFTs on Garuda ecosystem

• DEX development, including maintenance, dev payments, marketing engagement and the future development.

• GRDX burn, 5% of the Trading fees will be use for GRDX Buyback on the market and Burn to increase the value of the GRDX token.

🔜 How to earn trading fee shares from GDEX?

By owned and stake GDEX, holders are eligible for earn shares from protocol fees generated from trading fees in Garuda DeFi platform.

The shares are proportionally based on :

( a / b = your shares ) * GDEX shares per period

Where a is your GDEX staked and b is the total GDEX staked. The shares can be claimed per period (1 hour) or more depends on the holders.

1. Stake the GDEX on Garuda DeFi cross staking platform.

2. Go to GDEX Shares https://garuda-defi.org/dex-shares

3. Claim the token rewards partially or by click "claim all"