LOGX

1. Project Introduction

LogX is a liquidity solution focused on perpetual contracts on L2 chains. LogX is designed as a large DEX that brings together liquidity from different chains. Users do not need to manage gas fee tokens or the complexity of performing multiple transactions for each operation. LogX aims to provide unprecedented deep liquidity for professional traders and institutions.

2. Team Introduction

Anshu Agrawal is the co-founder of LogX. He graduated from the Birla Institute of Technology and Science in Pilani, India

3. Investment institutions

Coinbase Ventures, IOSG Ventures, Sequoia Capital, Global Founders Capital, Saison Capital, Titan Capital, MSA Capital, Better Capital, Hashed Emergent, Antler, DWF Labs, Saison Capital, Gate Labs, Coinswitch, Wagmi Ventures, Hashed Emergent, Antler, Cumberland DRW

4. Token application and distribution

Token application:

LOGX token holders will be able to stake them in order to participate in DAO governance votes and participate in decision-making votes on new chain integrations, new consumer application deployments, and budget approvals. $LOGX

Stakers participate in network revenue distribution

Gas fees

Airdrop

Token distribution:

Airdrop: 12%

Foundation: 15%

Core contributors: 16%

Investment and advisors: 17%

Future community rewards: 40%