Place/Date: - February 28th, 2023 at 3:54 pm UTC · 3 min read
Gridex Airdrop #1 of 4 million GDX was finished in less than 1 day and 10,000 addresses have participated. 10 days later, Gridex officially announced the second airdrop of 2 million GDX will launch soon on the 1st of March. Are you ready?
Starting from the Arbitrum ecosystem, with Gridex as an advanced underlying trading protocol, D5 Exchange is going to be the first order book Dex&aggregator on Ethereum. CertiK’s audit has been completed and ABDK’s audit will be completed soon. Interact with ease!
Gridex Protocol is a permissionless, non-custodial trading protocol built using an immutable set of smart contracts on Ethereum. Through their novel “maker orders”, Gridex has achieved order book gas costs as low as AMMs with zero-slippage and negative fees.
D5.xyz is the first aggregator combining the power of order books and AMMs. With the revolutionary trading experience built on Gridex as well as liquidity aggregated from leading AMMs Uniswap and Curve, D5 is about to change the world of decentralized exchanges.
Date&Time: 1st of March 00:00:00 UTC – 10th of March 23:59:59 UTC
Important!! You need to meet ALL requirements for the airdrop!!
You can use the listed examples for a better understanding.
Rewards of a maker order = [M*C / ∑(M*C)] * T * 50%
The order amount is denoted by M;
The order coefficient is denoted by C;
The total daily maker rewards are denoted by T.
C is calculated in the following way:
When N ≤ 10, C = N3
When 10 < N ≤ 60, C = 1000 + (N – 10)2
When N > 60, C = 3500 + (N – 60)
If the maker order is not fully filled, or if it is canceled, within that day, C = 0.
*The reward for a given maker order depends on its share of the total M*C of all the maker orders in the same token, belonging to this trading pair on that day.
*The rewards are calculated separately for each of the two tokens in the ETH/USDC (0.05% grid) pair and the rewards are split equally between them.
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