It is strongly advised to undertake your own due diligence and seek advice from relevant professionals before making decisions based on this announcement.
GMX is a decentralized exchange that uses a multi-asset liquidity pool, and boasts low swap fees and zero price impact trades. It offers spot and perpetual contracts trading.
The tokenomics is as follows: 6M GMX allocated for XVIX and Gambit migration; 2M GMX paired with ETH for liquidity on copyright; 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.
Maximum number of solvent molecules to add if they fit in the box. If zero (default) this is ignored
You can customize the token to be received by changing the "Receive" token in the "Close Position" menu. Note that this may perform a swap from your profit token to the token you select if needed, the swap fees will be shown in the "Close Position" menu.
GMX provides traders with a complete set of tools for spot as well as long/short trading, with a strong focus on cost savings, no arbitrage, pelo funding fee and minimal settlement possibility.
The max allowed leverage of a pool will decrease as the Completa open interest of the pool increases, this is to guard the pool against gaming of price impact using high leverage positions. This mainly affects markets with less liquidity but can affect high liquidity markets if the open interest is very large. The interface will show a warning if the max allowed leverage will be exceeded.
A GMX email account is easy and stress-free to set up! Follow these seven steps and start benefitting from all the great services GMX has to offer.
Bitcoin (BTC) is the world’s top copyright by market cap and has the potential to become a globally accepted digital store of value.
GMX is a popular decentralized exchange that specializes in perpetual futures trading. Launched on the Ethereum Layer 2 network Arbitrum in late 2021 and later deployed to Avalanche, the project has quickly gained traction by offering users leverage of up to 30 times their deposited collateral.
The major difference between perpetual contracts and normal futures contracts is contract expiration. Whilst the traditional form of futures contracts has a stated expiry date after which the contracts can pelo longer be traded, perpetual contracts have pelo expiry period. Thus, a trader’s position is valid for as long as they leave it open and maintain it.
The amount of profit and loss for a position, excluding changes in your collateral's value, will be proportional to your position size.
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