GMX Achieves Self Reported Market Cap of $276.30 Million (GMX)

GMX (GMX) traded 4.3% lower against the U.S. dollar during the twenty-four hour period ending at 18:00 PM ET on August 25th. One GMX token can now be purchased for $28.66 or 0.00044476 BTC on cryptocurrency exchanges. GMX has a market cap of $276.30 million and $25.25 million worth of GMX was traded on exchanges in the last day. During the last seven days, GMX has traded up 12% against the U.S. dollar.

Here’s how other cryptocurrencies have performed during the last day:

• Aidi Finance (BSC) (AIDI) traded down 2.2% 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 down 2.2% 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 up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded 4.7% higher against the dollar and now trades at $0.0620 or 0.00000096 BTC.
• P2P Solutions foundation (P2PS) traded up 0.9% against the dollar and now trades at $159.24 or 0.00247155 BTC.

GMX Token Profile

GMX’s launch date was September 1st, 2021. GMX’s total supply is 9,642,035 tokens. GMX’s official Twitter account is @gmx_io and its Facebook page is accessible here. The official message board for GMX is gmxio.substack.com. The official website for GMX 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.”

Buying and Selling GMX

It is usually not currently possible to purchase alternative cryptocurrencies such as GMX directly using U.S. dollars. Investors seeking to trade GMX should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase GMX using one of the exchanges listed above.

GMX/USD price chart by TradingView