LogX Network: Revolutionizing On-Chain Trading Platforms

CoinEx
4 min readSep 30, 2024

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LogX Network is a game-changer. It will transform decentralized trading. LogX is an easy-to-navigate platform that aims to make on-chain trading as efficient as traditional exchanges. It seeks to bridge DeFi and everyday users.

This article will explore LogX’s advanced features and tech. It will examine how it gives users powerful tools while upholding decentralization. Its goal is to create an ecosystem that empowers users in their financial pursuits, not to trade.

What Is LogX Network?

LogX Network is a pioneering on-chain trading platform that redefines how traders interact with digital assets. At its core, LogX is a liquidity solution primarily focused on perpetual contracts, allowing users to trade seamlessly.

One of LogX’s key appeals is its community support, which has been fundamental in driving its development. As more users contribute to this ecosystem, the inherent value of having a reliable, efficient trading venue becomes increasingly apparent.

The platform boasts several unique features. For instance, it offers gasless trading — eliminating the burden of transaction fees for users — alongside advanced technological advancements that enable high transaction speeds and greater liquidity. LogX’s infrastructure is built to manage thousands of trades simultaneously, creating an optimal trading experience.

Background and History of LogX Network

LogX Network was co-founded by Anshu Agrawal. He has a tech and finance background. The network has gained traction since its start. Key milestones are $13.5 billion in trading volume and 155,000 active traders across networks. This growth reflects the platform’s efficiency and community support.

The market performance of LogX shows promise, with strong backing from reputable investors like Coinbase Ventures and Sequoia Capital. Understanding the project’s tokenomics is essential. The native token, LOGX, plays an integral role in governance and incentivization, allowing holders to actively participate in influencing the platform’s future.

The Price Change of LOGX on CoinEx

As of September 28, 2024, the price of LOGX (the token associated with the LogX project) has seen notable fluctuations. ​Over the last 24 hours, its price has surged by 14.03%, bringing its current value to $0.04114 USD.​ Looking at a broader perspective, the price has increased by 8.86% over the past week.

For those interested in diving deeper into the market performance of LOGX, more details can be found on the official CoinEx page here.

Tokenomics

Overview

*This article does not constitute investment advice.

Frequently Asked Questions About LOGX

What sets LogX Network apart?

LogX Network will provide a trading experience unlike any other. It will be faster, more secure, and easier than CEXs.

It’s known for its scalability across 50+ blockchain networks. It also supports diverse retail products.

What is the future vision for LogX?

LogX aims to improve decentralized trading experiences by delivering a familiar yet cutting-edge experience. Its features drive user engagement using advanced blockchain technology.

About CoinEx

CoinEx was founded in 2017, upholds the “user-first” principle and aims to explore new models in the industry and promote the circulation, application and development of blockchain technology. Supporting 18 language markets, covers over 200 countries and regions, provides more than 1,200 cryptocurrencies trading, and reaches over 1,700 trading markets, serving more than 10 million registered users. As a world-leading exchange, CoinEx has already been established as a comprehensive ecosystem and provides a wide range of service choices, including CoinEx, CoinEx Wallet, CoinEx Smart Chain, CoinEx Explorer and CoinEx Charity.

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