GMX (GMX) Self Reported Market Capitalization Tops $234.11 Million

GMX (GMX) traded down 1.8% against the US dollar during the one day period ending at 8:00 AM E.T. on September 6th. GMX has a market capitalization of $234.11 million and approximately $9.03 million worth of GMX was traded on exchanges in the last 24 hours. One GMX token can currently be purchased for about $24.22 or 0.00043341 BTC on popular cryptocurrency exchanges. In the last week, GMX has traded down 5.5% against the US dollar.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded 6.5% higher against the dollar and now trades at $0.0530 or 0.00000095 BTC.
• P2P Solutions foundation (P2PS) traded 2.9% higher against the dollar and now trades at $154.07 or 0.00275706 BTC.

GMX Profile

GMX launched on September 1st, 2021. GMX’s total supply is 9,666,098 tokens. The official message board for GMX is gmxio.substack.com. GMX’s official Twitter account is @gmx_io and its Facebook page is accessible here. GMX’s official website is gmx.io.

According to CryptoCompare, “GMX is a decentralized spot and perpetual exchange that enables low swap fees and zero price impact trades. It operates with a multi-asset pool that generates liquidity provider fees from market making, swap fees, and leverage trading. The platform leverages Chainlink Oracles and aggregates prices from leading volume exchanges to support dynamic pricing.
While GMX hasn’t provided clear information about its founders, the platform utilizes the GMX token within its ecosystem. The GMX token offers various functionalities, including rewards, staking, vesting, and multiplier points. Users can earn rewards, stake tokens for benefits, convert Escrowed GMX to GMX through vesting, and use Multiplier Points to enhance ETH/AVAX APRs. The token plays a vital role in facilitating activities and providing incentives within the GMX ecosystem.”

GMX Token Trading

It is usually not presently possible to buy alternative cryptocurrencies such as GMX directly using U.S. dollars. Investors seeking to acquire GMX should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy GMX using one of the aforementioned exchanges.

GMX/USD price chart by TradingView