1.1 Welcome to Grovex Blockchain

What is GRX Blockchain?

GRX is a cutting-edge EVM (Ethereum Virtual Machine) compatible blockchain designed for the next generation of decentralised applications and digital assets. Built to offer an unparalleled user experience, GRX stands out with its extremely low transaction fees, averaging just $0.000021 per gas, making it one of the most cost-efficient networks available. Like established chains like Ethereum and BNB Smart Chain, GRX provides a robust and familiar environment for developers while addressing critical challenges in scalability and affordability.

Our Vision & Mission

At GRX, we aim to forge a trusted, easy-to-use, fast, and reliable blockchain that is also technically extremely cheap. We envision an ecosystem where innovation flourishes without the burden of high costs or technical complexities. Our core commitment extends beyond just the technology; we are dedicated to fostering a vibrant builder community by prioritising project listings on our upcoming exchange and actively encouraging dApp builders through a dedicated funding scheme and enhanced visibility opportunities.

Addressing Key Blockchain Challenges

GRX directly tackles some of the most pressing issues facing current blockchain ecosystems:

• Prohibitive Transaction Costs: By offering gas fees as low as $0.000021, GRX eliminates the financial barrier to entry and continuous usage for both developers and end-users, enabling micro-transactions and more complex dApp interactions.

• Limited Accessibility & Support for Builders: We prioritise project success by offering a streamlined path to listing on our exchange and providing direct funding and visibility to innovative dApp creators. This empowers builders to focus on development rather than fundraising or market access.

• Need for Reliable and Fast Infrastructure: GRX is engineered for speed and reliability, ensuring a smooth and responsive experience for all decentralised applications and transactions.

The GRX Advantage: Key Differentiators

GRX differentiates itself through several unique features:

• Ultra-Low Transaction Fees: Our gas fee structure is designed for maximum affordability, enabling a wide range of applications that might be uneconomical on other chains.

• Sustainable Tokenomics (GRX):

  • Total Supply: 10,000,000 GRX

  • Decimals: 18

  • Name/Symbol: GRX

  • Dynamic Gas Fee Distribution: Gas fees are strategically divided as:

    • 20% to Delegators

    • 20% to Validators

    • 60% Burned (up to a maximum burn cap of 1,000,000 GRX)

    • This burn mechanism creates deflationary pressure and benefits all token holders.

• Multi-Asset Pegged Tokens: GRX will support the introduction of USDT on the GRX chain, along with BTC, XRP, ETH, and ADA as pegged tokens. This significantly enhances interoperability and liquidity, and opens up new possibilities for cross-chain value transfer within the GRX ecosystem.

• Developer & Project Centric Ecosystem: Our commitment to providing priority exchange listings, funding schemes, and visibility ensures that project builders and dApp developers have the resources and support they need to thrive.

Who Is This Documentation For?

This documentation serves as a comprehensive resource for:

• Developers: Looking to build, deploy, and interact with smart contracts and dApps on an efficient EVM-compatible chain.

• Project Builders: Seeking a supportive ecosystem for launching and growing their blockchain initiatives.

• Users: Interested in understanding and utilising the GRX network, its native token (GRX), and its pegged assets.

• Blockchain Enthusiasts & Researchers: Curious about GRX's innovative approach to scalability, cost-efficiency, and ecosystem development.