$GMX
1. What is GMX?
GMX is a decentralized perpetual exchange platform that allows users to trade cryptocurrencies with leverage (up to 50x) on a decentralized infrastructure. It operates on Arbitrum and Avalanche blockchains, offering low fees and deep liquidity.
2. GMX Token Basics
-Token Symbol: GMX
-Blockchains: Arbitrum, Avalanche
-Token Type: Utility + Governance
-Total Supply: Capped (exact supply varies due to emissions/burning mechanisms).
3. GMX Token Utilities
-Governance: Holders can vote on platform upgrades, fee structures, and other proposals.
-Staking: Users stake GMX to earn esGMX (escrowed tokens) and a share of platform fees (paid in ETH/AVAX).
-Liquidity Mining: Liquidity providers (GLP token holders) earn rewards in GMX.
-Fee Discounts: Reduced trading fees for GMX stakers.
4. Tokenomics (Key Metrics)
-Revenue Sharing: 30% of trading fees distributed to stakers.
-Inflation Control: Emissions decrease over time; some fees are used to buy back and burn GMX.
-esGMX: Escrowed tokens vest over 1 year, incentivizing long-term participation.
5. Recent Developments (2024–2025)
-Cross-Chain Expansion: Potential integration with new chains.
-Institutional Adoption: Growing use by hedge funds and algorithmic traders.
-Partnerships: Collaborations with DeFi protocols for enhanced liquidity.
