Name: LogX
SKU: LOGX
Price: 0.015796563114 USD

LogX Liquidity Pool is a stable asset pool constituting USDC and USDT. Which means traders can trade using USDC or USDT as collateral and PnL of the traders are also settled in the same collateral token. Liquidity providers can provide USDC/USDT in return for the LLP token which is the liquidity token for LogX.LogX uses a dark oracle that aggregates prices from various centralised and decentralised dexes to agree upon a common median value of price. This aggregated price value is compared against price from the Pyth Oracle network and written to chain. This comparison is done on chain and the aggregation from multiple sources makes sure that a common market price for token pair is taken into consideration.LogX liquidity pool is composed of stable tokens (USDC and USDT). Every trade is placed against a collateral token of either of these two stable tokens. This eliminates the issue of maintaining high liquidity for each token pair separately, which one would have to do in an order book model for a DEX.Traders can trade against the liquidity pool regardless of the index token; the same liquidity will be available for each index token listed on LogX. This means that as long as the platform has enough stable token liquidity, traders can use that liquidity to open leveraged positions on any index token.

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Audit

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Airdrop Season 1

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 Investors & Advisors 

Team

Sep, 16 2024 LogX has raised a strategic round bringing the total capital raised to $10.1M.

LogX

LogX is a perpetual exchange offering high-leverage trading on Layer 2 blockchains.

Hashed Fund

DWF Labs

Gate.io

Saison Capital

WAGMI Ventures

Cumberland

CoinSwitch

Kairos Capital

Antler

Coinbase Ventures

IOSG Ventures

Peak XV Partners(ex-Sequoia India)

Better

Amplify.LA

MSA Novo

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LogX LOGX

LogX Funding Insights

Fundraising Info

Tokenomics

Initial values

Token allocation

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Funding Rounds and IEO

LogX Investors and Backers

Trending Token Sales

Name	Tier	Type
Coinbase Ventures	1	Venture
Hashed Fund	2	Venture
IOSG Ventures	2	Venture
DWF Labs	2	Venture
Peak XV Partners(ex-Sequoia India)	2	Venture
Gate.io	3	Exchange
Saison Capital	3	Venture
Better	3	Venture
Amplify.LA	3	Venture
WAGMI Ventures	4	Venture