What is GMX

1. Project Introduction
GMX is a decentralized perpetual contract trading platform built on the Arbitrum and Avalanche networks, supporting both spot and perpetual trading. Users can trade with up to 50x leverage while retaining full control over their assets. GMX utilizes the multi-asset liquidity pool GLP to offer a low-slippage trading experience. The platform aims to create a transparent, fair, and efficient trading environment through on-chain smart contracts.
Summary: GMX provides users with a secure, efficient, and low-cost decentralized leveraged trading platform, fostering innovation and growth in the decentralized finance (DeFi) sector.
2. Team & Investment Info
Team:
The GMX team operates anonymously, prioritizing technical development and community engagement, emphasizing decentralization and community-driven principles.
Funding:
Fair Launch (2021): GMX launched fairly without presale or private rounds, with token distribution mainly through community mining and incentives.
Partners: Collaborations with projects like Chainlink and The Graph enhance platform performance and user experience.
3. Social Media URLs
X: https://x.com/GMX_IO
Telegram: https://t.me/GMX_IO
Discord: https://discord.com/invite/H5PeQru3Aa
4. Token Info
Token Symbol: GMX
Total supply: 9,680,036 GMX
Token Type: Arbitrum
Issuance/Burn Mechanism:
GMX has a fixed total supply, with no continuous issuance mechanism.
A portion of platform revenue is used to buy back and burn GMX tokens, reducing supply and potentially increasing value.
Contract Address: Avalanche: 0x62edc0692bd897d2295872a9ffcac5425011c661
Token Distribution:
Community Incentives: 60%
Ecosystem Fund: 30%
Marketing and Partnerships: 10%
5. Related Links
Official Website: https://gmx.io/
Medium: https://medium.com/@gmx.io
DefiLlama: https://defillama.com/protocol/gmx
Other Info: https://www.rootdata.com/Projects/detail/GMX?k=MTMyMA%3D%3D