# GDEX Token

<figure><img src="/files/2W5ZLh92G6aRS653SL7v" alt=""><figcaption></figcaption></figure>

## 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.\
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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 - a**llow 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 ](/products/swap.md#trading-fees):&#x20;

* **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.

<figure><img src="/files/ptVkG9TQmZ6GkZeihZuA" alt=""><figcaption></figcaption></figure>

## 🔜 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.&#x20;

The shares are proportionally based on :&#x20;

**( 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.&#x20;

1. [Stake the GDEX](https://garuda-defi.org/cross-staking/terra1dttut659lxn35m7elu794rglzjzmph3a7v8cs6866qn0csa05u7sk0jg3s/assets) on Garuda DeFi cross staking platform.&#x20;
2. Go to GDEX Shares <https://garuda-defi.org/dex-shares>
3. Claim the token rewards partially or by click "claim all"


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