GMXToken reward distribution is now live

BlockBeatNews

2024-10-30 13:38:40

GMX-2,69%

ETH-0,02%

BlockBeats News, on October 30th, according to official sources, GMX announced that the distribution of rewards for its Token is now live, marking the completion of the transition from the old model based on ETH rewards to the new ‘buyback and distribute GMX’ model. GMX has just conducted its first GMX Token reward distribution today. 30% of GMX V1 fees and 27% of GMX V2 fees will be used to repurchase GMX Tokens for distribution. The repurchase process allows anyone to deposit GMX Tokens in exchange for the current fees to be distributed.

View Original

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Comment

0/400

No comments