GRX Chain
GRX #301Project Safety Score: 52%
Updated 1 day, 1 hour ago& Market
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GRX is the native utility and governance token of GRX Chain, a blockchain that utilizes an EVM-compatible, Delegated Proof of Stake (DPoS) architecture. The platform aims to facilitate fast transaction finality, low costs, and high throughput, serving as a base for DeFi protocols, on-chain trading, payments, and Web3 applications. The supply cap for GRX is set at 10,000,000 tokens, and the network employs a deflationary model that involves burning a portion of fees until a specific threshold is achieved.
GRX can be used for various functions including payment of gas fees, network security through staking by validators and delegators, and engagement in on-chain governance. Wrapped GRX (WGRX) allows for ERC-20 style functionality and liquidity on decentralized exchanges like GRXswap. Although closely integrated in product offerings, GRX/GRX Chain and the GroveX exchange are operated by different legal entities.
Risk Report
Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.
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