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Topic: What is GMX Crypto? (Read 65 times)

legendary
Activity: 2156
Merit: 1622
Top-tier crypto casino and sportsbook
August 25, 2022, 01:14:29 AM
#2
I think you should move your topic here  - https://bitcointalk.org/index.php?board=159.0 As its more like a project advertisement rather that discussion thread.

Where will your dex take liquidity from? If those are not $XX Bilion pools its crazy to go with 2x not even talking about x30.

Why you need 2 tokens to run 1 dex? Uniswap needed 0 to start up one of the best defi project. Launch token to monetize it after it become the biggest DEFI. You need 2 tokens to start?
member
Activity: 156
Merit: 14
August 24, 2022, 11:11:38 PM
#1
The term GMX Crypto refers to the GMX DEX.

It is the first perpetual and spot exchange on Arbitrum, which later goes live on Avalanche in 2022.

GMX basically lets users put on Long, or Short orders with leverage up to 30x to take advantage of price volatility and earn profits.

The exchange on the other hand offers an instant swap with optional limit order on top of ready liquidity.

GMX Crypto Coin exists as the main fuel of GMX DEX in a dynamic incentive mechanism.

By staking GMX, you will have various privileges offered by its ecosystem.

Learn more in our article What is GMX Crypto?

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