🛠️Use Case
GRDX have 3 key factors as a strong use case. Utility, Renounced and Deflationary token.
Utility Token, GRDX can be seamlessly integrated into the Garuda Ecosystem across various applications :
Decentralized Finance (DeFi) : GRDX serves as a native token payment on Garuda DeFi
NFTs Marketplace: GRDX takes part on BigbangX from Marketplace Fees Percentage to burn the tokens.
Onchain Gaming: Within gaming, GRDX acts as an in-game currency for purchases (IAP) and P2E rewards, enhancing the gaming experience
Validator : GRDX as rewards token to Garuda Universe Delegator in Luna classic thru buyback and airdrops mechanism from validator commission.
Renounced Ownership, $GRDX embraces decentralization by renouncing ownership. The smart contract owner renounce the control over the contract, enhancing trust and transparency within the community. It ensures that no single entity or individual can manipulate the token's supply, rules, or functions after renouncement.
Deflationary Mechanism, $GRDX incorporates a deflationary mechanism by regularly burning a portion of the token supply. This reduction in supply over time aims to create scarcity, potentially increasing demand and the token's intrinsic value. The burning will works from :
Trading fee volume-based on DEX (Terraswap and Terraport)
Garuda DeFi transactions performance
BigbangX Marketplace fee transaction.
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