GMX Token Reward Distribution is now live
According to the official news, GMX Token Reward Distribution is now live, completing the transition from the previous ETH-based reward model to the new “Buyback and Distribute GMX” model. GMX has just conducted its first GMX Token Reward Distribution today. 30% of the GMX V1 fees and 27% of the GMX V2 fees will be used to buy back GMX tokens for distribution. The buyback process allows anyone to deposit GMX tokens in exchange for fees that are currently pending distribution.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
FWOG's Market Capitalisation Surpasses $300 Million, a Record High
BlackRock IBIT's pre-market volume today was $61 million, 55 per cent active buy orders
Probability of 25BP Fed rate cut in November rises to 99.7% after NFP release
U.S. stocks open higher en masse after sharp non-farm payrolls blowout
Trending news
MoreCrypto prices
More
