LogX Network Announces $LOGX Token Launch for 24th September

British Virgin Islands, September 17th, 2024 – Coinscribble by Coinbound/ LogX, the DeFi SuperApp, the first in the market to introduce leverage prediction markets, has announced its token launch date as 24th September via Twitter. Alongside this, LogX revealed that it has raised $10.1M in a funding round featuring investments from Hashed Emergent, Cumberland VC, Saison Capital, Gate Labs, DWF Ventures, Antler, Coinswitch Ventures, Wagmi Ventures, and Kairos Capital.

The airdrop claims will go live on the Arbitrum Network, with $LOGX listed on various CEXs starting at 12:30 PM UTC.

$LOGX token has been deeply embedded into the LogX Network ecosystem to provide value to all the stakeholders.

The token features a capped supply of 1 billion tokens, split across multiple categories: 67% is allocated to the community, 17% to strategic investors & advisors, and 16% to the founding team. Out of the 67% allocated to the community, early supporters, including airdrop participants, will receive 12%.

Additionally, $LOGX will act as the native gas token, providing 100% gas fee subsidies to stakers, and enabling governance participation for DAO voting on key decisions like chain integrations and budget approvals.

” We are excited for LOGX to become more community-owned as we move forward and to reflect this, we have reserved 67% for Community. This token launch represents a significant step in our journey.” Akshit Bordia, Co-founder of LogX.

Brief About LogX:

LogX Network is a DeFi superapp, providing a smooth trading experience for perpetual markets, leveraged prediction markets, and more. It is supported by Arbitrum, Hyperlane, and AltLayer. LogX Network sources liquidity from major centralized exchanges like Binance, Coinbase, and OKX, ensuring unlimited liquidity for DeFi users.

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