[mangoquarterzipParticipant]

We invented a new order book model, significantly reducing resource consumption compared to the traditional CLOB model; that makes it possible to run a fully functional order book system as a set of smart contracts on the ETH blockchain while making the gas cost comparable to that of AMMs. We have named this novel order book trading protocol the “Gridex Protocol”.

**Key Features:**

1. Fully on-chain: Deployed and run on the ETH mainnet just like Uniswap.\* The entire transaction process is executed on-chain, with no deposit or withdrawal process needed.

2. “Maker Orders” in our protocol have introduced a new infrastructure to the ETH ecosystem, allowing users to place orders of any size and price while having a zero-slippage and low-cost (even negative-cost) trading experience.

3. Most of our native tokens (GDX) will be rewarded to community users in just over a month before and after the launch. 100% of the protocol fees will be used to buyback and burn GDX.

*\*The Gridex Protocol will also be deployed on mainstream generalized layer 2 networks of ETH, such as Arbitrum and Optimism.*

**Next Steps:**

1. Smart contracts are undergoing final optimizations, which will be open-sourced next month with the testnet launch.
2. The airdrop will begin shortly. Follow the official Twitter for the latest updates.

**Some Links:**

https://www.gridex.org/
Whitepaper: https://www.gridex.org/gridex-whitepaper.pdf
FAQ: https://www.gridex.org/faq
Twitter: https://twitter.com/gridexprotocol

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