GMX Token Reward Distribution is now live
According to the official news, GMX Token Reward Distribution is now live, completing the transition from the previous ETH-based reward model to the new “Buyback and Distribute GMX” model. GMX has just conducted its first GMX Token Reward Distribution today. 30% of the GMX V1 fees and 27% of the GMX V2 fees will be used to buy back GMX tokens for distribution. The buyback process allows anyone to deposit GMX tokens in exchange for fees that are currently pending distribution.
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