GoldX Token (GOLDX)
Last updated
Last updated
The GOLDX token is the native currency of the GoldX blockchain and platform, just like ETH on Ethereum.
Transaction fees Being the native currency on the GoldX blockchain, GOLDX is required to pay fees to the network in order to approve transactions.
Validation Token holders can stake GoldX to become a validator. The minimal staking requirement is 100K. The network is growing, currently there are 60 validators. ()
Voting Validators vote on protocol changes with their staked GOLDX. Which means validators with higher amounts of GoldX staked can have a bigger vote on network upgrades and governance changes (until phase 2 where delegation is activated)
Staking (for delegators) Any GOLDX holder can choose one or more validators to delegate any amount of GOLDX they wish. They receive a share of the GoldX block rewards proportionate to the share of their stake in the total stake, minus the minimum 15% fee paid to the validator(s).
Payments As GOLDX is the native currency on GoldX, sending it does not require interactions with smart contracts. Thus, GOLDX transfers are potentially faster and less costly in terms of transaction fees.
IMPORTANT: Merely possessing any amount of GOLDX tokens does not endow holders with any rights to participate in the governance of the GoldX platform or any revenue streams related to its real-world performance.
GOLDX is available for purchase on a number of centralized (CEX) and decentralized DEX exchanges.
Centralized exchanges: Gate.io, Huobi Global, MEXC Global, AscendEX, Bimart, Bittrex Global
DEXes: Uniswap V2 and V3 (Ethereum), PancakeSwap (Binance Smart Chain), Quickswap (Polygon), Voltage DEX (GoldX), Sushiswap (GoldX), 1inch (Ethereum), KyberSwap (Ethereum), Loopring (Ethereum).
The best information about the GOLDX trading volumes and prices on various exchanges can be found on the Coingecko "Markets" for the token.
A convenient current way of purchasing GOLDX straight from one's bank account is through using the wallet to deposit GoldX Dollars, and then swapping those to GOLDX via the in-app integration with Voltage DEX.
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At the moment, the GOLDX token is sometimes used by the project team to power liquidity rewards (yield farming) programs to boost liquidity on DEXes and the participation in the .
The ongoing liquidity rewards programs on DEXes can be discovered .
From time to time, the GoldX team uses GOLDX to pay rewards to the members of the community for various forms of participation and community engagement. The best way to stay up-to-date about these opportunities is to follow GoldX's .
The GOLDX token is also used to power GoldX grants and bounties. Please consult the section for more details.