GMX: 1 million Tokens have been repurchased
ChainCatcher news, GMX stated on social platform that it has repurchased 1 million GMX Tokens and distributed them to stakers according to the BB&D rewards model.
Search results for "GMX"
Wednesday
2025/05/14
GMX: 1 million GMX Tokens have been repurchased.
BlockBeats news, on May 14, GMX stated on social media that it has repurchased 1 million GMX tokens and distributed them to stakers according to the BB&D rewards model.
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GMXToken reward distribution is now live
BlockBeats news, on October 30th, according to official sources, GMX announced that the reward distribution of its Token has now gone live, marking the transition from the old model based on ETH rewards to the new 'buyback and distribution of GMX' model. GMX just completed 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
AltCoin market conditions are warming up, with BANANA rising nearly 20% in the past 24 hours
The AltCoin market has warmed up, with BANANA, HOOK, NFP, GMX, IMX, APT, and FTM and other seven Tokens experiencing 24-hour increases of 19.44%, 19.25%, 13.04%, 12.77%, 10.30%, 9.51%, and 9.06%, respectively.
GMX initiates on-chain voting to change the income distribution model to buyback and distribute GMX
Golden Finance reported that GMX announced that the 'Change the Revenue Distribution Mode to Repurchase and Distribute GMX' proposal has passed the Snapshot vote and started on-chain voting. The voting will end on August 5th. The proposal suggests changing GMX's current revenue distribution mode from 'repurchasing ETH and distributing ETH' to 'repurchasing GMX and distributing GMX'.
Tuesday
2025/04/15
GMX has officially selected LayerZero as its messaging partner for multichain expansion.
BlockBeats news, on April 15, GMX officially selected LayerZero as its messaging partner for multi-chain expansion through a majority vote of 75.54%. This integration will bring the following advantages to GMX: • Ability to scale to over 125 Blockchains; • All contracts and security are fully controlled by GMX; • Fast, zero slippage asset transfers; • Utilizing battle-tested infrastructure trusted by billions of dollars in assets and hundreds of applications.
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GMX and MIM_Spell contracts were attacked by a Hacker, resulting in a loss of 13 million dollars.
According to the Gate.io News bot, a report from the blockchain security company PeckShield has detected that the crypto assets trading platform GMX and MIM_Spell related contracts have been hacked. This attack resulted in approximately 6260 Ether (ETH) being stolen, with losses amounting to 13 million dollars based on current market prices.
The news was first published by the crypto assets information platform Wu Shuo.
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$GMX reached a high of $35.13, and the GMX proposal suggests increasing the buyback distribution coverage to 90%.
gate News: On November 26th, the GMX community proposed a new proposal to increase the current Buyback and Distribution (BB&D) coverage ratio from 27% to 90%. According to the proposal, a total of 103,764 GMX tokens (about 5% of the circulating supply) were repurchased in the past 30 days, with a total value of $3.3412 million. As a result, $GMX reached a high of $35.13 this morning and has now fallen to $32.35.
gate data shows that $GMX price has pumped 2.27% in the past 24 hours, with the current price at $32.35, market cap of $317.81M, and 24-hour trading volume of $77.74K.
GMX announced two important governance proposals on Snapshot. These votes involve updating the maximum leverage parameters on GMX and establishing a GMX token pool and market on GMX V2. The governance vote to establish a GMX token pool and market on GMX V2 is to determine the potential listing of GMX tokens on the market. GMX token's Oracle feeds have been tested and will be deployed on Avalanche in June 2024. The voting options include creating different GMX markets, such as the GMX-USDC market or the GMX-GMX market.
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Friday
2025/04/11
Aster has launched Mining point acceleration and contract experience funds, special benefits for trading users of platforms like Hyperliquid are waiting to be claimed.
Aster has launched a Mining Points Acceleration and Contract Trial Fund event, where users participating in platforms such as Hyperliquid, Drift, and GMX can obtain a 1.1x Mining Points acceleration and 100 USDT Contract Trial Fund. Aster also announced the launch of Aster Pro mode, allowing users to earn Rh Points by trading in Aster Pro mode starting from April 10.
GMX Community initiates the proposal of changing the income distribution model to repurchase and distribute GMX
The GMX community has initiated a proposal to suggest changing the GMX revenue distribution model from repurchasing ETH to repurchasing GMX, in order to enhance long-term value retention capabilities, optimize user experience and protocol strategic flexibility, while fully preserving real income advantages.
Monday
2025/04/07
GMX v1 liquidated old BTC positions, incurring $13 million in costs, some of which will be used to repurchase GMX.
PANews April 7 news, according to @SigmaSquared monitoring, the GMX v1 platform recently liquidated an old BTC position, generating over $13 million in fees, including borrowing costs. It is reported that 30% of this fee will be used to buy back GMX Tokens. In addition, it was mentioned that a $4 million TWAP (time-weighted average price order) is currently affecting a Token with a market capitalization of $100 million.
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GMX proposes to increase the coverage range of repurchase and distribution expenses from 27% to 90%
GMX proposal plans to increase the coverage of repurchase and distribution expenses from 27% to 90%, supporting Token repurchase and Airdrop mechanisms, and increasing the monthly repurchase amount of GMX to 345,534, with a repurchase value of $8.489 million. However, the changes may affect the performance of GMX prices, and the benefits and negative impacts will be borne by the holders.
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The GMX Multiplier Points system has been updated, and MP has been converted to esGMX at a ratio of 25:1.
Odaily Planet Daily News GMX announced on X platform that its Multiplier Points system has been updated, and MP has been converted to esGMX at a ratio of 25:1. The received esGMX can be vested based on the user's current average stakeToken quantity.
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GMX's new proposal suggests changing the profit distribution mode from "repurchasing ETH and distributing ETH" to "repurchasing GMX and distributing GMX"
The GMX team proposes to replace the original profit distribution model of "repurchasing ETH and distributing ETH" with "repurchasing GMX and distributing GMX", which can enhance the long-term value retention ability of Token, optimize user experience, and strategic flexibility of the protocol. In the new model, 30%, 70%, and 27% of the fees will be used to repurchase GMX Token to create continuous buying pressure, promote the stability and rise of Token price; while users can choose to keep GMX unchanged or convert it to ETH or AVAX when receiving or compounding.
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Thursday
2025/03/13
GMX Solana officially launched, supporting SOL and USDC to participate in Liquidity Mining
PANews March 13 news, according to the GMX-Solana official announcement, GMX Solana has officially launched, users can now mint GLV using SOL or USDC, provide Liquidity, and earn Money Laundering in selected markets.
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$GMX price fell 14% in the short term due to a certain Whale/institution dumping 267,000 GMX
Gate News: According to Yu Jin monitoring, in early June, a Whale or institution purchased 302,000 GMX (USD 13.47 million) at an average price of USD 45 through six addresses, which pushed the GMX price up by 12%. Six hours ago, this Whale/institution transferred a total of 267,000 GMX (USD 8.5 million) to exchanges through four addresses for sale. This caused the GMX price to drop from USD 33 to USD 28, a decrease of 14%. This Whale/institution suffered a loss of USD 4 million on GMX.
gate data shows that the price of $GMX has dropped by 2.57% in the past 24 hours, with the current price at $30.28, market cap at $297.27M, and 24-hour trading volume at $201.66K.
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GMX launches GMXLiquidity treasury GLV
GMX launches a decentralized derivative protocol and announces the launch of GMX Liquidity Vault (GLV), an automatically rebalancing vault that provides deep liquidity for traders and higher capital efficiency for LPs. The first vault launched is GLV [WETH-USDC], which users can purchase using ETH, USDC, or 7 other underlying GM Tokens.
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GMX: The proposal of 'Buyback GMX and distribute GMX' has been approved and is waiting for implementation.
BlockBeats news, on August 8th, according to the official announcement from GMX, the GMX community initiated a proposal to 'change the income distribution model to repurchase and distribute GMX', which has received majority support from the GMX DAO and is currently waiting to be executed. The proposal aims to utilize the advantages of 'repurchase' to enhance the long-term value preservation capability of GMX, optimize user experience and protocol strategic flexibility, while minimizing model changes and fully retaining the advantages of 'real income'.
The GMX community is about to implement the proposal of 'changing the income distribution model to repurchase and distribute GMX'.
PANews reported on August 8th that GMX announced on the X platform, "The proposal to change the income distribution model to repurchase and distribute GMX" has received majority support from the GMX DAO and is currently in line for execution.
Sunday
2024/05/26
According to the Snaphot voting page, the governance voting for the governance proposal released by the previous GMX to establish a GMX Token pool and market on GMX V2 has ended, according to the voting results:
1. Create a GMX-USDC Token pool and market, and then create a GMX-GMX with 98.66% support;
2. Only create GMX-USDC Token pools and markets to get 1.12% support;
3. Only create GMX-GMX Token pools and markets with 0.18% support rate;
4. Create a GMX--GMX Token pool and market, and then create a GMX-USDC to get 0.03% support;
5. The GMX market is not listed to receive 0% support.