LogX Network price

LOGX

#1269

LogX was Co-founded by Anshu Agrawal and Akshit Bordia.

Anshu Agrawal: A trader since 2017, Anshu was a founding team member at what is now India's largest FinTech, currently valued at ~$7B. He is also an angel investor in over five Web3 startups, an engineer by education, lives and breathes distribution hacks in web3

• Anshu’s twitter: https://twitter.com/anshuagrawal\_

• Anshu’s linkedin: https://www.linkedin.com/in/anshuagrawal240/

Akshit Bordia: Akshit has been tinkering with blockchains since 2019 and was also an early founding member of the same company as Anshu. An engineer by profession, Akshit has been building products with Anshu for the last nine years, starting from their university days.

• Akshit’s twitter: https://twitter.com/AkshitBordia

• Akshit’s linkedin: https://www.linkedin.com/in/akshitbordia

The founders have 5+ years of Blockchain entrepreneurship experience & have shipped multiple successful products in the past:

• Built and scaled a core payments product to over $100 million in ARR at CRED (the largest fintech in India).

• Launched a crypto yield app in 2021 for Asian markets, which attracted over 250k users within 6 months.

• Shipped 'Gaspay' at ETH Denver in 2023 and won the DeFi track.

• (Current Project) Scaled LogX to over $19 billion in trading volume with more than 160K traders in just 10 months

The max supply of LOGX is capped at 1 billion tokens, with no additional issuance planned beyond this limit. There are no mint and burn rules in place, meaning the total supply will not increase over time.

At the time of writing this(pre TGE) it's decided that there will be 130 million LOGX coins in circulation, which represents 13% of the total max supply of 1 billion LOGX tokens.

Post-TGE, additional tokens will be distributed as follows: 40% of the total supply is allocated for community rewards, which will be distributed through “Trade-to-earn” and LOGX staking reward programs. These tokens will be released as unlocked LOGX tokens.

For complete tokenomics check: Tokenomics