LogX Network Price

LogX Network (LOGX) is a decentralized finance (DeFi) superapp designed for trading a variety of assets like perpetual contracts, leveraged prediction markets, and real-world assets (RWAs). It offers a seamless trading experience similar to centralized exchanges but with zero gas fees and fast transactions. The platform is built to scale across multiple blockchain networks, including Solana, Bitcoin, and Ethereum Virtual Machine (EVM) ecosystems, using advanced technologies like Arbitrum and Hyperlane for high performance.

LogX supports retail traders with features like gasless trading, multi-asset support, and up to 20x leverage for prediction markets. It also aggregates liquidity from major centralized exchanges, ensuring users have access to deep liquidity pools.

LogX Network is a DeFi superapp designed to provide seamless trading experiences for various financial products. It integrates features like perpetual markets, leveraged prediction markets, and meme coin trading. The platform aggregates liquidity from top centralized exchanges (CEXs), allowing users to access unlimited liquidity for their trades.

LogX leverages technologies like Arbitrum for scaling, Hyperlane for cross-chain communication, and AltLayer for network customization. These enable fast, gasless trading across more than 50 blockchain networks, ensuring smooth transactions with low fees. It also offers leveraged prediction markets with up to 20x leverage, and a launchpad for meme coins and real-world assets.

LogX aims to provide a CEX-like experience with high security, scalability, and ease of use, making it ideal for retail users looking for advanced DeFi trading options.

LogX Network was launched in July 2023 and was co-founded by Akshit Bordia and Anshu Agrawal, who have a background in blockchain and fintech development. The platform has rapidly grown, reaching over $20 billion in trading volume and gaining more than 1 million users within the first 10 months.

LogX is designed to provide a seamless trading experience, with features like leveraged prediction markets, perpetual trading pairs, and meme coin trading. The platform supports over 50 blockchain networks, including Arbitrum, Hyperlane, and AltLayer, ensuring fast and scalable transactions. In September 2024, LogX launched its mainnet and introduced its native token, $LOGX, which powers governance and gas fee payments across the platform.

The roadmap includes expanding leveraged prediction markets, integrating real-world assets (like real estate), and adding a mobile app for on-the-go trading.

The $LOGX token is a core part of the LogX Network ecosystem, serving multiple important functions:

1. Governance: You can stake $LOGX to participate in governance through a decentralized autonomous organization (DAO). This allows you to vote on key decisions like adding new blockchain integrations and approving budgets.

2. Revenue Sharing: If you stake $LOGX, you will receive a share of the platform’s net revenue through a buyback and distribution model. This allows you to earn passive income from the platform’s trading activities.

3. Gas Fees: $LOGX is used as the native gas token for transactions on the network. Stakers also get a 100% gas fee subsidy, making it cheaper to trade on the platform.

4. Trading Rewards: You earn boosted rewards when using the LogX platform for trading, especially if you hold or stake $LOGX.

5. Airdrops: Stakers are eligible for exclusive airdrops from both LogX and its ecosystem partners, providing additional earning opportunities.

6. Early Access: By holding and staking $LOGX, you gain early access to premium features and tools within the platform. 

In addition, you can trade LogX Network token against other cryptos listed on the KuCoin Spot Market to make the most of changing market conditions. After doing your own research, you can buy, sell or HODL $LOGX in your portfolio based on your investment goals and risk tolerance.

The $LOGX token has a maximum supply of 1 billion tokens and is designed to support the LogX Network's decentralized ecosystem. The tokenomics breakdown is as follows:

1. 40% is allocated to community rewards, aimed at incentivizing users and liquidity providers, and enhancing platform participation through trading and staking rewards.

2. 12% is reserved for airdrops, rewarding early supporters and adopters.

3. 17% is allocated to investors and advisors, with a lock-up and vesting schedule to attract strategic partnerships.

4. 16% is set aside for the core team, ensuring long-term commitment to the platform’s growth.

5. 15% is allocated to the LogX Foundation, which will manage liquidity, grants, and partnerships.