[ad_1] <br><div id="main-body-container" itemprop="articleBody"> <p>London, UK, Dec. 05, 2022 (GLOBE NEWSWIRE) -- The Gridex Protocol is a permissionless and non-custodial buying and selling protocol consisting of a  set of persistent, non-upgradable good contracts on the Ethereum blockchain. Not like the  present mainstream decentralized exchanges based mostly on the Automated Market Maker (AMM)  mannequin, Gridex is predicated on order books. </p> <p>With the novel Grid Maker Order E book (GMOB) mannequin, <a target="_blank" href="https://www.globenewswire.com/Tracker?data=J66m7XjZJam5kuq1gb5Rmxgp4mGG4s2liQjSPReBkbGNoBBXr0sdZFitQSglwhFbWmHRF9Qg-CO-qY-8PlonJQ==" rel="nofollow noopener" title="Gridex">Gridex</a> has considerably decreased the  useful resource consumption of operating an order book-based system. The mannequin permits Gridex to  deploy and run it on the Ethereum mainnet whereas making the gasoline value similar to that of  AMMs. </p> <p>Gridex is the primary ever, totally on-chain, totally purposeful order guide DEX constructed on Ethereum. This makes them have some key variations from all different DEXs on Ethereum:<br/></p> <p><img data-state="draft" height="286" name="GNW_RichHtml_IMG" src="https://ml.globenewswire.com/Resource/Download/9897ea6d-a9cc-41b0-8e38-b0f163558f7c" title="Gridex Protocol.png" width="600"/><br/></p> <p><strong>Key Options </strong></p> <p>1) Absolutely decentralized: Deployed and runs on the Ethereum mainnet. All the transaction  course of is executed on-chain, with no deposit or withdrawal course of wanted. Moreover,  anybody can create any buying and selling pair freely, with none permission. </p> <p>2) “Maker Orders” of their protocol have launched a brand new infrastructure to the Ethereum  ecosystem, permitting customers to put orders of any measurement and worth whereas having a zero slippage, zero-MEV and low-cost (even negative-cost) buying and selling expertise. </p> <p>3) Lack of liquidity is now a difficulty of the previous. Even with out market makers, Gridex will nonetheless  operate completely. Not solely are Gridex customers ready to make use of the liquidity supplied by different  Gridex customers, however they're additionally ready to make use of the liquidity aggregated from different DEXs,  guaranteeing their swap customers the power to get the most effective alternate charges doable.</p> <p>4) After being deployed on the Ethereum mainnet, the protocol may even be deployed on  mainstream generalized Layer 2 networks of Ethereum, corresponding to Arbitrum and Optimism. </p> <p>5) Many of the native tokens (GDX) might be rewarded to the group of customers in simply over a  month earlier than and after the launch. 100% of the protocol charges might be used to buyback and  burn GDX. </p> <p>Gridex is way more than a DEX, however an infrastructure.<br/></p> <p><img data-state="draft" height="237" name="GNW_RichHtml_IMG" src="https://ml.globenewswire.com/Resource/Download/82c72a8c-8db4-4779-af44-9c4bb19f289a" title="Gridex Protocol Swap.jpeg" width="600"/><br/></p> <p><strong>What Are The Subsequent Steps? </strong></p> <p>1. The airdrop will start on the fifth of December. The testnet launch will comply with shortly afterwards. </p> <p>2. Good contracts are present process remaining optimizations, which might be open-sourced earlier than the official launch of Gridex. </p> <p>Please comply with the official Twitter for updates. </p> <p>Some hyperlinks: </p> <p><a target="_blank" href="https://www.globenewswire.com/Tracker?data=qB17R3LsyXvCNEHL7urTFYpAJpQ9NOKLUp_EzJirbc72N33DGaWiSskEtGDPvZlMMezhKVU3oi_taVx-TVO3Qw==" rel="nofollow noopener" title="Website">Website</a> | <a target="_blank" href="https://www.globenewswire.com/Tracker?data=JTTppnz-KPQNJigczaogXyMM14gcCXzsgSwA2QTVh-xqbZ6I66cTQCb_aShJ8PzM8iWi2GZdo0eX-aRe5XJDopVyCBvZIfElfuTCM1mrshY=" rel="nofollow noopener" title="Whitepaper">Whitepaper</a> | <a target="_blank" href="https://www.globenewswire.com/Tracker?data=c7NmLfn859KbmsW6T8K3pt3Inffk-_zQwcriQqvjqtGv5VJ36TwVay4jkLVlbzw7nr8jId_BEoVQ2bqlnT7zLQ==" rel="nofollow noopener" title="FAQ">FAQ</a> | <a target="_blank" href="https://www.globenewswire.com/Tracker?data=EMDVF7JbFzqqNTddK3vQPVj4-TSIaP08QJuFCqrpkedXONIlpVQx4wiFfGuBQAhETVUpgJJIIPys3NRBSue1EQ==" rel="nofollow noopener" title="Twitter">Twitter</a><br/></p> <pre/> <br/><img src="https://ml.globenewswire.com/media/MTlmN2VlOTQtNDY0My00NTExLWIxMzMtODQxZmMzMGMwMzg1LTUwMDExMTc4Nw==/tiny/Gridex-Protocol.png" referrerpolicy="no-referrer-when-downgrade"/> </div> <br>[ad_2] <br><a href="https://news.google.com/__i/rss/rd/articles/CBMifmh0dHBzOi8vd3d3Lmdsb2JlbmV3c3dpcmUuY29tL25ld3MtcmVsZWFzZS8yMDIyLzEyLzA1LzI1Njc3NzAvMC9lbi9GaW5hbGx5LUdyaWRleC1Qcm90b2NvbC1icmluZ3MtT3JkZXItYm9va3Mtb24tRXRoZXJldW0uaHRtbNIBAA?oc=5">Source link </a>