GOLDDIGGERS X LOGX

GOLDDIGGERS X LogX AMA Recap – Key Takeaways


Introduction (Host: Moonshine & Founder: Akshit)

The AMA session introduced LogX, a next-generation trading platform designed to enhance liquidity aggregation, risk management, and security. The platform aims to replace traditional exchanges by creating a more transparent and user-friendly ecosystem.

Akshit emphasized LogX’s commitment to security, highlighting that the platform has undergone multiple audits from Salas, PeckShield, and CredShield. Additionally, LogX has conducted manual bug bounty programs to further strengthen its security. The team is fully doxxed, actively participates in public AMAs, and attends major blockchain events like ETH Denver and Token 2049.

Project Key Points

• Security & Transparency: LogX has three public security audits and runs ongoing bug bounty programs to ensure platform safety.

• Oracle Protection: To prevent oracle manipulation attacks, LogX has multiple oracle integrations and fallback mechanisms in place.

• Liquidity Aggregation: The platform integrates liquidity from various sources to offer a seamless trading experience.

• Token Utility: The LogX token is at the core of the ecosystem and has multiple use cases, including:

• Gas fee payments on the LogX network.

• Revenue-sharing model where platform fees are used to buy back tokens and distribute them to stakers.

• Staking with 18-20% APY as an incentive for long-term holders.

• Liquidity farming partnerships with projects like Aerodrome and Gradium to improve market depth.

• Future collateral use case, allowing traders to use LogX tokens as margin for trading.

• Governance: Any staker, regardless of token amount, can participate in governance, making decision-making inclusive and community-driven.

• Sustainable Staking Rewards: Unlike many projects, LogX does not introduce inflation to distribute staking rewards. Instead, rewards are funded through platform revenue, ensuring sustainability.

• Marketing & Community Growth: The LogX team focuses on long-term growth rather than short-term incentives. Their strategy includes:

• Authenticity and transparency to build trust.

• Early listings of assets (sometimes ahead of major exchanges like Binance and OKX).

• Product-first approach, ensuring users genuinely appreciate the platform’s value rather than relying on promotions.

Community Q&A Highlights

• Funding Rate Mechanism: LogX maintains price stability between perpetual contracts and spot markets using an Open Interest (OI) balance-based funding formula. If long positions exceed shorts, longs pay a higher funding fee to shorts.

• Balancing Token Utility & Governance: The token serves both as a transactional currency (gas fees, trading collateral) and a governance tool. LogX ensures balance by redistributing platform revenue to users, making governance participation financially rewarding.

Closing Remarks

• Akshit: The crypto market is volatile, but LogX is focused on long-term value creation, trust, and high-quality technology. The team is dedicated to continuous innovation and user-centric development.

• Host (Moonshine): Encouraged users to join LogX’s community on Telegram and Twitter (X) for updates and future announcements.

The AMA concluded with an open invitation to revisit LogX’s progress in future sessions, ensuring ongoing engagement with the community.

LOGX OFFICIAL LINKS :

WEBSITE

TWITTER

DISCORD

TELEGRAM

GOLDDIGGERS OFFICIAL LINKS :

WEBSITE

TELEGRAM

TWITTER

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