What is GRX Chain?

GRX is the utility and governance coin of GRX Chain, an EVM-compatible blockchain utilizing a Delegated Proof of Stake (DPoS) architecture. Developed within the GroveX ecosystem, GRX Chain aims for fast finality, low transaction costs, and high throughput, supporting various decentralized finance protocols, on-chain trading, payments, and Web3 applications.

GRX functions for transaction fees, network security through validator and delegator staking, and governance participation. The total supply is capped at 10,000,000 GRX, with a deflationary model where fees are partially burned until a specified threshold is reached. Wrapped GRX (WGRX) allows integrations with ERC-20 standards and enhances liquidity on decentralized exchanges, while the GroveX platform serves as an entry point for users. GRX/GRX Chain and the GroveX exchange operate under separate legal entities despite their product-level integration.