ChainCatcher news, the on-chain perpetual DEX LogX announced the completion of a $4 million strategic funding round on X, bringing its total funding to $10.1 million, with participation from Hashed Emergent, Cumberland VC, Saison Capital, Gate Labs, DWF Labs, Antler, Coinswitch Ventures, Wagmi Ventures, and Kairos Capital.LogX will use the new funding to develop into a DeFi super application, offering leveraged prediction markets and exotic perps, while expanding to TON, Solana, Bitcoin, Move, and the EVM ecosystem.According to the Web3 asset data platform RootData, LogX completed a $6.1 million seed funding round in February this year, with participation from Coinbase Ventures, Sequoia Capital, and others.

ChainCatcher message, the on-chain perpetual DEX LogX on platform X will conduct its TGE on September 24.According to RootData, LogX is an L2 on-chain liquidity solution focused on perpetual contracts. LogX is designed as a large aggregator that brings together liquidity from different chains. Users do not need to manage Gas fee tokens or deal with the complexity of executing multiple transactions for each operation. LogX aims to provide unprecedented deep liquidity for professional traders and institutions.

ChainCatcher news, the on-chain perpetual DEX LogX has released the LOGX token economic model, which includes:Core team share: 16%;Investors and advisors share: 17%;First quarter airdrop share: 12%;Foundation share: 15%;Future community rewards share: 40%.It is reported that LOGX token holders can receive net income sharing and related ecological airdrops.