7.4 Tokenomics

Operator: GRXCHAIN Inc. (BVI) owns and operates GRX Chain and related portals (e.g., staking and governance). GroveX Pty Ltd (AU) operates the GroveX exchange. Nothing herein is financial or investment advice; see the GroveX/GRXCHAIN Terms of Service and Privacy Policy.

Role & Design

GRX is the native cryptocurrency of GRX Chain, powering transactions, security, and governance across the network. WGRX is the wrapped ERC-20 representation used for trading, integrations, and program payouts. Both align with GroveX exchange utility.

Asset Representations

• GRX (native coin): used for gas and protocol-level operations; no token contract address (native asset).

• WGRX (wrapped ERC-20): 1:1 representation of GRX for DEX/CEX trading and integrations; redeemable for GRX via the official wrapper.

• Official WGRX contract (GRX Chain): 0x45C7287F897B3A79Cd3f6e4F14B4CE568f023bD5

Token Utility

• Gas fees: GRX pays for all on-chain transactions and smart-contract execution on GRX Chain.

• Network staking (DPoS):

  • Delegators: stake GRX to support validators and earn a share of network rewards (minimum stake: 32 GRX via staking.grxchain.io).

  • Validators: secure the network and participate in DPoS consensus (minimum validator stake: 100 GRX; active set up to 21 validators by stake/performance).

  • Slashing/performance: misbehaviour or material downtime may be penalised per the validator policy.

• Governance: GRX holders may propose and vote on protocol parameters and upgrades (proposal.grxchain.io).

• GroveX exchange integration:

  • Payments: marketing and listing fees for new projects on GroveX are payable in WGRX (wrapper of GRX) under GroveX policies.

  • Note: integrations may evolve over time and do not constitute price targets or performance assurances.

Wrapping & Unwrapping (WGRX)

• Peg: WGRX is intended to maintain a 1:1 redeemability with GRX.

• Mechanics: users can wrap GRX to WGRX and unwrap WGRX to GRX via the official wrapper UI or directly through the WGRX contract; network gas fees apply.

• Control and changes: wrapper behaviour and fees (if any) are governed by protocol contracts and/or governance; updates will be posted on official channels.

Holder Benefits (GroveX Integration)

All benefits are subject to posted program terms, eligibility, abuse-prevention, and local compliance. Rebates are typically credited in WGRX unless stated otherwise. Caps and timelines may apply.

• Tier 1 — 10 to 99 GRX: up to 50% rebate on Spot trading fees.

• Tier 2 — 100 to 999 GRX: up to 100% rebate on Spot trading fees.

• Tier 3 — 1,000 to 9,999 GRX: up to 100% Spot rebate; 50% rebate on Margin/Derivatives fees; priority access to selected staking pools.

• Tier 4 — 10,000+ GRX: up to 100% rebate on Spot/Margin/Derivatives fees; up to 80% share of affiliate trading fees generated on GroveX; priority access to airdrop campaigns (Tier 4+), special staking pools, and selected IEO/IDO allocations on GroveX or GRX Chain.

Distribution & Allocation

Initial circulating supply: 10,000,000 GRX Max supply: 10,000,000 GRX (fixed cap; no further minting)

• Initial DEX liquidity (GRXswap, paired WGRX-USDT): 500,000 WGRX

• Centralised liquidity (GroveX and other CEX listings, WGRX markets): 3,000,000 WGRX

• Marketing and ecosystem growth: 1,000,000 GRX/WGRX (as appropriate)

• Ecosystem development fund (grants/partners/dApps): 2,000,000 GRX/WGRX

• Team (5-year vesting; 100,000 GRX per year): 500,000 GRX

• Treasury (ops, reserves, community initiatives): 3,000,000 GRX/WGRX

• Total: 10,000,000 GRX (with WGRX minted/burned against GRX as needed for liquidity)

Vesting & Transparency

• Team and any other locked allocations are held in on-chain vesting contracts (addresses to be published).

• Treasury and Ecosystem Fund are managed via multi-sig with published signers and policies.

Supply, Fees & Emissions

• Max supply: 10,000,000 GRX (no further minting beyond the initial allocations).

• Issuance: no protocol inflation; network rewards are funded from fee/revenue allocations described below.

• Mint/Burn authority: burn operates per protocol logic; any future changes to supply mechanics require governance approval.

Deflationary Mechanism & Reward Transition

Until the burn threshold is met, a defined portion of network fees and eligible protocol revenues is allocated as follows:

• Delegators: 20%

• Validators: 20%

• Burn: 60% (permanently removed from circulation)

Burn threshold: when an aggregate 1,000,000 GRX has been burned via this mechanism, the burn step ceases. Thereafter, 100% of this allocation becomes network rewards, split as:

• Delegators: 50%

• Validators: 50%

Note: if GRX Chain later introduces a base-fee burn (EIP-1559-style), its interaction with this mechanism will be documented via governance and protocol docs.

Initial Reference Price

At launch, GRX has an initial public reference price of US$1.00, implying a US$10,000,000 reference market capitalisation based on the initial circulating supply. This is informational only; actual market prices may differ and can be volatile.

Governance & Parameters (at launch)

• Active validators: up to 21 (governance-adjustable).

• Minimum stakes: 32 GRX (delegators); 100 GRX (validators) — governance-adjustable.

• Elections: validators are selected by stake and performance within DPoS.

• Slashing: enforced for defined misbehaviour/downtime; details in the validator policy and protocol docs.

• Upgrades: protocol parameters (e.g., fee factors, gas limits, validator set size) can be adjusted through governance.

Disclaimers

• No promises of price or performance; utilities and integrations (including GroveX payments, rebates, listings) may change.

• Jurisdictional limits; some features or benefits may be unavailable depending on local laws or sanctions.

• Forward-looking statements, plans, and parameters may evolve through governance, technical changes, or regulatory developments.

• Conflicts disclosure; GRXCHAIN Inc. and/or GroveX may hold GRX/WGRX, operate validators, seed liquidity, or fund grants and incentives; see ToS sections on disclosures and controls.

Security & Official Links

• Always verify WGRX contract: 0x45C7287F897B3A79Cd3f6e4F14B4CE568f023bD5

• Only trust addresses and portals listed on the Official Channels page.