ADVERTISEMENT
  • About
  • Advertisement
  • Disclaimer
  • Term Of Use
  • DMCA
  • Privacy Policy
  • Cookies Policy
  • Submit Guest Post
  • Contact Us
Best Crypto Blog Website
  • HOME
  • COINS
    • ICO
    • AIRDROPS
  • MINING
  • TRADE
    • COINS
  • PR
  • NEWS
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • Crypto News
    • DEFI NEWS
    • Ethereum News
    • Government News
    • NFT NEWS
    • Ripple News
  • CASINO
  • MORE
    • WALLET
    • INVESTMENT
    • Affiliate Program
    • Buy Crypto
    • CLOUD MINING
    • DEFI
    • Exchange
    • Fintech
    • Forex
    • Lending
    • NFT
    • Web Hosting
Advertisement
No Result
View All Result
Wootfi Media
  • HOME
  • COINS
    • ICO
    • AIRDROPS
  • MINING
  • TRADE
    • COINS
  • PR
  • NEWS
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • Crypto News
    • DEFI NEWS
    • Ethereum News
    • Government News
    • NFT NEWS
    • Ripple News
  • CASINO
  • MORE
    • WALLET
    • INVESTMENT
    • Affiliate Program
    • Buy Crypto
    • CLOUD MINING
    • DEFI
    • Exchange
    • Fintech
    • Forex
    • Lending
    • NFT
    • Web Hosting
Advertisement
No Result
View All Result
Wootfi Media
No Result
View All Result
ADVERTISEMENT
Home DEFI

Gmx Review : Read Everything About Gmx 2023 Updated

Bixer Simond by Bixer Simond
15/05/2023
Gmx Review : Read Everything About Gmx 2023 Updated
Share on FacebookShare on Twitter

Gmx Review By Wootfi. Hello Wootfi visitors today we come with another defi article about Gmx one of the defi project . Please note this article is not investment advice only written for educational purposes . Do your own research before investing your time or money at Gmx.

About Gmx

GMX is a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades. Trading is supported by a unique multi-asset pool that earns liquidity providers fees from market making, swap fees, leverage trading (spreads, funding fees & liquidations) and asset rebalancing. Dynamic pricing is supported by Chainlink Oracles along with TWAP pricing from leading volume DEXs. For token holders: Tokenomics and Rewards For liquidity providers: GLP For traders: Trading

Basic Details About GMX Review

ProjectOverview
Project NameGMX
Token SynmbolGMX
Project Total SupplyPolygon$179.24k Celo$102.39k
Circulating Supply8,678,278 GMX
Contract Address0xfc5a1a6eb076a2c7ad06ed22c90d7e710e35ad0a
Twitter Page Click Here To View
DocumentationClick Here To Visit Documentation
Official Website Click Here To Visit Website

What is GoodGhosting and how does it work?

GMX is a German-based email service provider. It allows users to create an email account and send and receive emails using the GMX platform.

To use GMX, you will need to create an account by providing your name, email address, and a password. Once your account is created, you can log in to the GMX website or use an email client such as Microsoft Outlook or Apple Mail to access your email.

You can compose, send and receive emails, organize your emails with folders, manage your contacts and check your calendar. You can also use additional features such as email filters, signatures, and automatic replies.

GMX also offers additional services such as online storage, calendar, and tasks. It’s a free service and also provides paid plans for additional features like more storage, email forwarding, and more.

How To Use GMX? 

The GMX exchange offers a viable alternative to traditional exchanges, allowing users to trade and earn by providing liquidity for market making. Trading requires no registration process or account, with users requiring only their wallets. Users can start a leveraged trade by setting their preference to “long” or “short.” Users can also access low-fee spot swaps, allowing them to swap between assets in the GLP pool. All open trades appear under the “positions” tab, and opening or closing a leveraged trade costs 0.1% of the position size.  Users can also stake their GMX tokens, earning a yield with boosted and compounded rewards. 

GMX Price Live Data

The live GMX price today is $50.89 USD with a 24-hour trading volume of $18,902,872 USD. They update the GMX to USD price in real-time. GMX is down 3.08% in the last 24 hours. The current CoinMarketCap ranking is #85, with a live market cap of $427,930,160 USD. It has a circulating supply of 8,409,186 GMX coins and the max. supply is not available.

Features Of GMX Defi Project

Reduce Liquidation Risks

An aggregate of high-quality price feeds determine when liquidations occur. This keeps positions safe from temporary wicks.

Save on Costs

Enter and exit positions with minimal spread and zero price impact. Get the optimal price without incurring additional costs.

Simple Swaps

Open positions through a simple swap interface. Conveniently swap from any supported asset into the position of your choice.

Escrowed GMX

Escrowed GMX (esGMX) can be used in two ways:

  1. 1.Staked for rewards similar to regular GMX tokens
  2. 2.Vested to become actual GMX tokens over a period of one year

Each staked Escrowed GMX token will earn the same amount of Escrowed GMX and ETH / AVAX rewards as a regular GMX token.

Note that Escrowed GMX (esGMX) is not meant to be transferrable unless you are doing a full account transfer. The amount of GMX or GLP required to vest esGMX is unique per account and capped to the rewards received by that account. Please do not buy esGMX off the market or OTC as you will not be able to vest them.

The Referral Program

The referral program has a tier system to prevent gaming through self-referrals, this helps to ensure that referrers receive the rebates for the users they brought onto the platform.

  • Tier 1: 5% discount for traders, 5% rebates to referrer
  • Tier 2: 10% discount for traders, 10% rebates to referrer
  • Tier 3: 10% discount for traders, 15% rebates to referrer paid in ETH / AVAX, 5% rebates to referrer paid in esGMX

Anyone can create a Tier 1 code. To upgrade your code to Tier 2 or Tier 3:

  • Tier 2: At least 15 active users using your referral codes per week and a combined weekly volume above $5 million
  • Tier 3: At least 30 active users using your referral codes per week and a combined weekly volume above $25 million

Is GMX safe?

The GMX team is completely anonymous, which means that all users should proceed with caution. That said, the protocol has amassed over $375m in total value locked, which means that it is trusted by high-net-worth and institutional investors. The platform has also been extensively audited by ABDK Consulting, you can find the full audit on the GMX Github.

Tags: Gmx ReviewHow It Work GmxHow To buy Gmx
Bixer Simond

Bixer Simond

Bixer Is Long Term Writer & Editor At Woodfi . His Hobby Is Writing Article For Wootfi Visitors . His Main Focus Area Is Crypto , Affiliate , Blockchain , NEFT , ICO . In Free Time He Loves To Research New Things

Next Post
Best Forex Brokers In Spain

Best Forex Brokers In Spain : Deep Review & Its Pros & Cons

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

LATEST .PRESS RELEASE

PEGA 1 1676379343sjZXKCHI3O

PEGA Pool Announces the Official Launch of Its Eco-friendly Bitcoin Mining Pool

15/05/2023
Gamer Stock 22 1683049259Nc1X62m3uz

Metacade’s Highly Anticipated MEXC Listing Confirmed For 4th May

01/06/2023

LATEST NEWS

Join the Sports Tournament on 1xBit

Join the Sports Tournament on 1xBit: Any Ticket Can Turn Up 50 mBTC

01/06/2023
Save Easter Eggs with 1xBit and Win Crypto

Save Easter Eggs with 1xBit and Win Crypto

18/05/2023
Venezuelan authorities urged mining companies and cryptocurrency exchanges in the country to stop working

Venezuelan authorities urged mining companies and cryptocurrency exchanges in the country to stop working

24/04/2023
Ethereum price

Ethereum price back to critical support: ETH technical analysis

24/04/2023
Altcoin rising 55% by challenging the falling market

Altcoin rising 55% by challenging the falling market

22/04/2023
Ripple price lost critical $ 0.5 support: XRP's new target

Ripple price lost critical $ 0.5 support: XRP’s new target

22/04/2023
Wootfi Media

Welcome to Wootfi, your number one source for all things [Cryptocurrency]. We’re dedicated to giving you the very best of [Crypto Review], with a focus on [Blockchain Technology ], [Crypto News], [Investment Website].

Follow Us

Categories

  • Affiliate Program
  • AIRDROPS
  • Best Crypto Wallet
  • Bitcoin News
  • Blockchain News
  • Buy Crypto
  • Cardano News
  • CASINO REVIEW
  • CLOUD MINING
  • COINS
  • Crypto News
  • Crypto Press Release
  • DEFI
  • Earning Survey Sites
  • Education Platform
  • Ethereum News
  • Exchange
  • Features
  • Fintech
  • Forex
  • Format Folder
  • Government News
  • Guide
  • ICO
  • Investment
  • Lending
  • News
  • NFT NEWS
  • Press Release
  • Ripple News
  • Uncategorized
  • WALLET
  • Web Hosting
ADVERTISEMENT
  • About
  • Advertisement
  • Disclaimer
  • Term Of Use
  • DMCA
  • Privacy Policy
  • Cookies Policy
  • Submit Guest Post
  • Contact Us

© 2023 WOOTFI - Develop by WOOTFI.
All content on Wootfi.com is provided solely for informational purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security, product, service or investment. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. For More Details Contact Us At - [email protected] .

No Result
View All Result
  • HOME
  • COINS
    • ICO
    • AIRDROPS
  • MINING
  • TRADE
    • COINS
  • PR
  • NEWS
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • Crypto News
    • DEFI NEWS
    • Ethereum News
    • Government News
    • NFT NEWS
    • Ripple News
  • CASINO
  • MORE
    • WALLET
    • INVESTMENT
    • Affiliate Program
    • Buy Crypto
    • CLOUD MINING
    • DEFI
    • Exchange
    • Fintech
    • Forex
    • Lending
    • NFT
    • Web Hosting

© 2023 WOOTFI - Develop by WOOTFI.
All content on Wootfi.com is provided solely for informational purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security, product, service or investment. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. For More Details Contact Us At - [email protected] .