LogX Network LOGX Price

What is LogX Network (LOGX)?

LogX is a powerful decentralized finance (DeFi) superapp that combines innovative features like cross-chain trading, perpetual markets, and leveraged prediction markets, all built to offer a seamless and robust trading experience. Operating on a scalable infrastructure supported by networks like Arbitrum, Hyperlane, and AltLayer, LogX connects users across blockchain ecosystems, including TON, Solana, Bitcoin, Move, and EVM, to create a truly interoperable DeFi platform.

How Does LogX Work?

At the core of LogX is its stable asset liquidity pool, comprising USDC and USDT, which serves as collateral and settlement for trades. Traders can use these stable tokens to open and close positions, providing high liquidity without the need for separate pools for each trading pair. This pooled liquidity is further enhanced by a dark oracle system that aggregates prices from centralized and decentralized exchanges (CEXs and DEXs) to ensure accurate and fair pricing, validated on-chain using the Pyth Oracle network.

Why LogX Stands Out

LogX aims to outperform centralized exchanges (CEXs) by offering users faster transactions, lower fees, and greater security. By leveraging Arbitrum Orbit as a Layer-2 scaling solution, the platform achieves the speed and cost-efficiency necessary to attract both casual and professional traders. Additionally, Hyperlane supports seamless cross-chain communication, allowing LogX to scale across over 50 blockchain networks for extensive compatibility.

Product Offerings

LogX serves as a versatile DeFi hub, featuring multiple products such as:

• Leveraged Prediction Markets: LogX is pioneering DeFi-powered prediction markets, allowing users to make informed trades with leverage.
• Spot Trading: Users can trade assets instantly within the app.
• Meme Coin Launchpads: Designed to engage the growing meme coin community with new investment opportunities.

Who Are the Founders?

LogX was co-founded by Anshu Agrawal and Akshit Bordia, experienced entrepreneurs with a history in blockchain and fintech. Both have backgrounds in building scalable products, having been early team members at India’s largest fintech startup, CRED, and have successfully launched projects in the Web3 space. Their vision is to bring LogX to millions of users globally, setting a new standard in DeFi.

LOGX Tokenomics

LOGX, the native token of LogX, has a max supply of 1 billion tokens. Pre-TGE, there are 130 million tokens in circulation (13% of the total supply). Post-TGE, 40% of the supply will be allocated to community rewards via trade-to-earn incentives and staking rewards, with no minting or burning planned.

Backers and Investors

LogX is supported by notable investors, including Coinbase Ventures, IOSG Ventures, Hashed Emergent, and Cumberland VC. These strategic partnerships underline LogX’s commitment to scaling the DeFi space with extensive liquidity and advanced trading products.

In summary, LogX is designed to offer a cutting-edge DeFi experience that rivals traditional exchanges, providing users with speed, security, and the flexibility to trade across multiple blockchain ecosystems.

What is unique about LogX Network (LOGX)?

LogX is unique for its DeFi superapp model that combines cross-chain trading, perpetual and leveraged prediction markets, and seamless liquidity aggregation from top CEXs like Binance and Coinbase. Built for scalability, LogX operates across over 50 blockchain networks, supported by Arbitrum and Hyperlane for fast, secure, and low-cost transactions.

Who are the founders of LogX Network (LOGX)?

LogX was co-founded by Anshu Agrawal and Akshit Bordia, both seasoned entrepreneurs and engineers with extensive experience in fintech and blockchain. Together, they previously scaled products at India’s largest fintech, CRED, and have launched multiple successful Web3 projects.

Who are the backers/investors of LogX Network (LOGX)?

LogX is backed by top industry investors, including Coinbase Ventures, IOSG Ventures, Hashed Emergent, and Cumberland VC, all of which support LogX’s mission to redefine DeFi by providing vast liquidity and accessible trading tools.

Where can I buy LogX Network (LOGX)?

 Gate.io, KuCoin, CoinEx, Pancakeswap V3 (Arbitrum)