# 1.2 About GRX Chain GRX Chain is GroveX’s proprietary high performance blockchain and the foundation for the next generation of Web3 applications and decentralised finance. **Owned and operated by GRXCHAIN Inc** in BVI, it is built for both developers and users, with a focus on efficiency, scalability, and sustainable ecosystem growth. ### An EVM compatible foundation GRX Chain is fully compatible with the Ethereum Virtual Machine. Developers can migrate dApps and smart contracts from Ethereum and other EVM networks with minimal changes, using familiar tools and standards. This lowers the barrier to entry and accelerates ecosystem expansion. ### Designed for performance and security * **Consensus:** Delegated Proof of Stake for fast finality, strong security, and energy efficiency * **Throughput:** Engineered to achieve more than twenty thousand transactions per second for smooth user experience even under heavy load * **Security:** Built on strong cryptography and best practice engineering to protect against common blockchain vulnerabilities ### The GRX token and governance * **Native gas:** GRX is the network’s native currency for ultra low fees * **Staking:** Validators and delegators secure the network and earn rewards via **staking.grxchain.io** * **Governance:** Token holders will participate in on chain decision making via **proposal.grxchain.io** * **Supply discipline:** A deflationary burn mechanism is part of the tokenomics design * **Exchange alignment:** On the GroveX exchange, all marketing activities and new project listing fees are payable exclusively in **GRX**, creating continuous buy pressure and reinforcing on chain utility ### The GroveX advantage and ecosystem synergy Backed and supported by **GroveX Pty Ltd** in Australia, GRX Chain benefits from strategic guidance, brand reach, and a large user base. GroveX will * Monitor the growth and stability of GRX Chain * Encourage new projects to build on GRX Chain with dApp funding initiatives and technical enablement * Deepen integration between the exchange and the chain to drive adoption and liquidity ### Launch timeline * **Launch window:** Q4 2025 * **Public readiness:** mainnet endpoints live, explorer available, staking portal open * **Status labels:** in progress for liquidity seeding and wallet integrations ### Day one scope * **Core services:** RPC, explorer, staking, GRXswap user interface * **Canonical assets:** WGRX and GroveX pegged pairs for initial liquidity * **Tooling:** EVM compatibility with Remix, Hardhat, Truffle, ethers.js, web3.js ### Pre launch checklist * Contracts verified on **grxscan.io** with compiler and constructor details * Multisig and timelock active for admin and upgrade roles * Public addresses published in Developer Resources * Incident and communication runbooks linked from docs * Official token lists include WGRX and pegged assets with contract addresses ### Post launch commitments * Monitoring and alerts live for network health, transaction success, and gas bands * Seven day green monitors before marking features complete * First governance proposals targeted after the initial stability period * Monthly roadmap update and AMA with notes archived in docs ### Bug bounty and responsible disclosure * Responsible disclosure email **** * Safe harbor language in SECURITY.md for good faith research * Bounty scope and rewards table to be posted in docs at launch ### Updated roadmap and materials * **Working product target:** Q4 2025 * **Coin release schedule:** publishing this quarter in docs * **Whitepaper:** publishing in docs when liquidity seeding begins ### Quick safety and ownership footer * Trust only these domains **grxchain.io**, **grxscan.io**, **rpc.grxchain.io**, **grovex.io**, **grxswap.io**, **staking.grxchain.io** * **GRX Chain** is owned and operated by **GRXCHAIN Inc** in BVI * **GroveX exchange** is operated by **GroveX Pty Ltd** in Australia > Always verify official domains and contract addresses on **grxscan.io** and never share seed phrases or private keys. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.grxchain.io/1.-introduction-and-overview/1.2-about-grx-chain.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.