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GMXToken reward distribution is now live
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.