The number of coins circulating in the market and available to the public for trading, similar to publicly traded shares on the stock market.
Yes, there is a referral program on GMX.io. Users can get fee discounts and earn rebates through the GMX referral program. The referral program has a tier system to prevent gaming through self-referrals.
DOGS is a Telegram native dog-themed memecoin, designed to build a fun community around its beloved dog mascot, Spotty, and to leverage Telegram’s large user base for good.
As you can see, the GLP liquidity provider is in a betting relationship with the trader, and when the trader wins, the GLP liquidity pool shrinks. Conversely, when a trader loses money, the GLP liquidity pool grows.
This result is not surprising; a simple search on the Net shows that more than 90% of traders are losing money. Even with a 50% chance of being right and a 50% chance of being wrong, the expectation of profit for traders on GMX is still negative, as each trade is burdened with fees for opening and closing positions and capital costs for maintaining them.
Users should be cautious of CEXs that currently offer no-KYC services, as history has shown that many popular platforms initially allowed no-KYC trading but eventually adopted KYC to comply with regulatory pressures.
The GMX token serves as a website utility and governance token. It enables staking, fee payments, and participation in DAO governance within the GMX decentralized exchange platform. The live price of GMX is updated and available in real time on copyright.
This reduces the price volatility of GMX and provides a stable source of income for pledgers. Users who stake GMX tokens also receive Multiplier Points, which boost the user’s share of GLP liquidity pool proceeds by a certain percentage.
The tokenomics is as follows: 6M GMX allocated for XVIX and Gambit migration; 2M GMX paired with ETH for liquidity on Uniswap; 2M GMX set aside for vesting from Escrowed GMX rewards; 2M GMX tokens to the floor price fund; 1M GMX tokens designated for marketing, collaborations and community developers; 250K GMX tokens distributed to the team linearly over a 2-year period.
GMX is a fast-growing spot and perpetuals DEX on the Arbitrum and Avalanche networks. GMX supports low trading fees and zero price-impact trades for assets on their exchange. Just like many CEXs would, GMX allows leveraged trading too, supplying traders on their platform with up to 50x leverage.
With its innovative technology and unique features, GMX has the potential to disrupt traditional financial systems and pave the way for a new era of digital finance.
There needs to be a reduction in transaction costs to get more people willing to trade, which creates a positive cycle where more fees and revenues attract more liquidity.
* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.io.
GMX innovatively redefines liquidity pools, allowing users to exchange assets at a low cost and without price slippage, even for large transactions. For liquidity providers, GLP liquidity pools are not plagued by impermanent losses. They can add and redeem liquidity with a single asset and earn various revenues, such as transaction fees, funding rates, and liquidation fees.