Decentralized Spot and Perpetual Exchange where you can trade BTC, ETH, AVAX and other top crypto currencies with up to 30x leverage directly from your wallet.
I. Project Introduction
GMX is one of the top on-chain DEX with deep liquidity for major crypto currencies like BTC, ETH, AVAX etc which is currently available on Arbitrum One and Avalanche networks.
With $450 million liquidity from 1000s of defi users, GMX has enable over $70 billion in total spot and perp volume to date and generated $93 million in fees since its launch in Sep 2021.
GMX supports low swap fees and zero price impact trades. Trading is supported by a novel unique multi-asset pool called GLP that earns liquidity providers fees from market making, swap fees and leverage trading. Dynamic pricing is supported by Chainlink Oracles and an aggregate of prices from leading volume exchanges.
II. Token Information
1) Basic Information
Token name: GMX (GMX)
Total supply:13.25 Million
Tokens in Circulation: 8.09 Million
TGE Date: Aug 31st 2021
Price for early investors: There was no early investors or seed round, but the GMX DAO was formed through governance votes bringing together the GAMBIT (BSC) and XVIX (ETH) communities who received 45% of the token supply colelctively. The protocol launched with a token price of $2.00
III. Related Links
Official Website: https://gmx.io/#/
Whitepaper Link: https://gmxio.gitbook.io/gmx/
Blockchain explorer Links:
Community Related links:
Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. Huobi does not take responsibility for any resulting direct or indirect losses.
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