The Gamedex token (ticker: GDX) is a utility token. The GDX token follows the ERC-223* standard (an improved version of ERC-20) and runs on the Ethereum blockchain. Its utility is derived from its numerous uses:
GDX is used to buy, sell, and trade digital collectibles on the Gamedex platform.
GDX is used to buy pay-to-play games on the Gamedex platform.
GDX tokens can be used in some games.
GDX token holders gain governance rights, including voting on which projects should receive grants and whether milestone payments should be released.
GDX token holders pay lower fees on the Gamedex exchange, to the extent that they hold GDX.
* Note: In many places we refer to GDX as an ERC-20 token in order to avoid needless confusion.