# 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. --- # 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/7.4-tokenomics.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.