GameX (GMX)

$ 0.0000000

Market Cap Volume Last Trade

GameX Details

Built On Launch Date Proof Type Max Supply Circulating Supply Website
0 0 NO
Platform Block Reward Block Time Block Number Net Hashes Per Sec GameX
0 0 Trade

GameX (GMX) price today is $0.0000000 USD. Trading volume was 0.00 GMX in the last 24 hours. Current market cap of GameX is $0 USD. GameX has a circulating supply of 0 GMX coins out of a maximum supply of 0 GMX coins.

An In-Depth Look at GMX (GMX)

What is GMX (GMX) and how does it work?


GMX (GMX) is a decentralized cryptocurrency that was launched on 13th of September, 2021. It is a margin trading platform built on the Arbitrum network. GMX stands for Global Markets Exchange. The platform offers a variety of features such as staking, liquidity providing, and margin trading up to 30x leverage. With GMX, users can trade Ethereum and Bitcoin perpetual contracts as well as popular DeFi tokens. The GMX token is used as the native utility token in the GMX platform, providing users with various benefits and incentives.

GMX aims to solve some of the major limitations of existing decentralized exchanges. It offers high-speed, low-cost transactions, and a unique rewards system that incentivizes users to stake their tokens and provide liquidity to the platform.

Technical Aspects

GMX operates on the Arbitrum network, a Layer 2 solution for Ethereum that aims to improve the speed and reduce the cost of transactions. This makes it possible for GMX to offer a high-speed, low-cost trading experience, with transaction fees that are significantly lower than those on the Ethereum mainnet.

One of the key features of GMX is its rewards system. Users who stake GMX tokens or provide liquidity to the platform earn rewards in the form of GMX tokens. This system is designed to incentivize user participation and help to ensure the stability and liquidity of the platform.

Another important aspect of GMX is its risk management system. The platform uses a system of smart contracts to manage risk and ensure the solvency of the platform. This includes an automated liquidation system that is designed to protect users from major price swings and ensure the stability of the platform.


Being a decentralized platform, the core team behind GMX is not publicly disclosed. The project is largely community-driven, with decision-making power vested in the token holders. The governance model is designed to ensure that the platform remains decentralized and resistant to censorship or undue influence.

GMX has attracted support from a number of prominent investors and partners in the cryptocurrency and DeFi space. This includes investment from venture capital firms, as well as partnerships with other DeFi platforms and services.

The launch of GMX on September 13, 2021, marked a significant milestone in the project's development. Since then, the platform has grown rapidly, attracting a large number of users and establishing itself as a promising player in the DeFi space.

In conclusion, GMX offers a unique approach to decentralized trading, combining the speed and low cost of the Arbitrum network with a unique rewards system and robust risk management. With its strong community support and growing user base, GMX is an exciting project to watch in the DeFi space.

How Does GMX (GMX) Make Money?

GMX (GMX) operates within the ambit of the rapidly evolving cryptocurrency world. It employs a few different methods to generate profits, which are as follows:

Transaction Fees

Like many other decentralized platforms, GMX makes a significant portion of its income from transaction fees. Every time a user makes a transaction, whether it's buying, selling, or trading GMX tokens, a small fee is levied for the service. This fee forms a part of GMX's revenue stream.

Staking Rewards


is another avenue through which GMX generates money. The platform encourages its users to participate in its staking program by offering them an opportunity to earn rewards. When users stake their GMX tokens on the platform, they receive a percentage of the transaction fees as rewards, depending on the amount they stake. The more tokens a user stakes, the higher the potential rewards. This not only promotes token retention but also helps GMX earn money by increasing the liquidity of the token.

Yield Farming

GMX also makes money through

Yield Farming

. This process involves users lending their cryptocurrencies to others via the smart contract system. In return, these users are rewarded with more tokens. The process increases the supply of the token and the platform's liquidity, ultimately benefiting GMX.

How Can I Make Money with GMX?

Making money with GMX involves understanding its ecosystem and leveraging the opportunities it offers. Here are some ways you can make money with GMX:

Buying and Holding GMX Tokens

The simplest way to earn money with GMX is by

Buying and Holding

its tokens. This strategy is based on the expectation that the price of GMX tokens will rise over time. You purchase the tokens, hold onto them for a period, and then sell them when their market price increases. However, this method requires a good understanding of the market trends and patience to wait for the right time to sell.

Staking GMX Tokens

As mentioned earlier, GMX offers its users the opportunity to earn money through


. By staking your GMX tokens, you can earn a steady income in the form of transaction fee rewards. The more tokens you stake, the larger the potential rewards. This method is relatively low risk and can provide a consistent income, especially if the price of GMX token appreciates over time.

Participating in Yield Farming

GMX users can also make money by participating in

Yield Farming

. By lending your tokens to others through the platform's smart contract system, you can earn additional tokens as rewards. This method provides a way to earn passive income from your existing GMX tokens. However, it is important to understand that yield farming involves a certain level of risk, as the return depends on the borrowing demand and the market value of the tokens.

In conclusion, GMX offers multiple avenues for both the platform and its users to generate revenue. As with any investment, understanding the risks involved and conducting thorough research is crucial before diving into the world of GMX and cryptocurrency at large.

How Can I Buy GMX (GMX)?

The process of purchasing GMX (GMX) is fairly straightforward and can be broken down into several steps.

Create an Account on Binance

The first step is to create an account on a reliable cryptocurrency exchange. Binance is an excellent choice for this purpose, given its wide range of available cryptocurrencies and advanced security features.

Verify Your Account

After creating your account, the next step is to verify your identity. This process, also known as Know Your Customer (KYC), is a standard requirement on most exchanges. It involves uploading identity documents and a selfie for verification.

Secure Your Account

Before proceeding with any transactions, it is recommended that you secure your account. This can be done by setting up two-factor authentication (2FA) using an app like Google Authenticator.

Deposit Fiat or Cryptocurrency

Once your account is secure, you can proceed with depositing funds. Binance allows you to deposit both fiat and other cryptocurrencies.


After funding your account, you can finally purchase GMX (GMX). Simply navigate to the markets page, find GMX in the list of available cryptocurrencies, and proceed with the transaction.

Store Your GMX in a Secure Wallet

After purchasing GMX, the final step is to store your newly acquired cryptocurrency in a secure wallet. This is a vital step as it safeguards your investment from online threats associated with exchanges.

For a more detailed guide on how to buy GMX, you can visit here.

What are the Best Wallets for GMX (GMX)?

To securely store your GMX (GMX), you will need a safe and reliable crypto wallet. The best wallets for GMX are those that offer robust security features, ease of use, and support for multiple cryptocurrencies.

Ledger Nano X

The Ledger Nano X is a hardware wallet that supports over 1,500 different cryptocurrencies, including GMX. This wallet is known for its first-rate security features, which includes a secure chip and a custom operating system designed to protect your assets.

Trezor Model T

The Trezor Model T is another hardware wallet that is well-suited for storing GMX. It features a touchscreen for ease of use, and it supports over 1,000 different cryptocurrencies. Like the Ledger Nano X, the Trezor Model T is highly secure and is designed to keep your GMX safe from online threats.

Trust Wallet

For those who prefer a mobile wallet, the Trust Wallet is an excellent choice. The Trust Wallet is a multi-currency wallet that supports GMX and many other cryptocurrencies. It also features a built-in Web3 browser, allowing you to interact with decentralized applications (dApps) directly from the app.

Remember, the safety of your investments is paramount. Always ensure that your chosen wallet is secure and that you have complete control over your private keys.

How Can I Find More GMX (GMX) News?

Keeping up-to-date with the latest news and developments is crucial for anyone involved in cryptocurrencies. The GMX (GMX) platform is no different. Here are some useful resources to keep an eye on for the most recent information about GMX.

GMX Website

The official GMX website is the first port of call for anyone looking for the most reliable and up-to-date information about GMX. It offers a comprehensive overview of the platform, its features, and its roadmap for future development.

GMX Twitter

The GMX Twitter account regularly posts updates and news about its platform. This is an excellent source for real-time information and announcements directly from the team behind GMX. Following this account will also give you insights into the team's vision and strategy.

Coins Similar To GMX (GMX)

If you're interested in GMX, you might also want to look into other similar cryptocurrencies. Here are four coins that share some similarities with GMX in terms of their functionality, features, or goals.

Frax Share

Frax Share is an innovative cryptocurrency that aims to provide a highly scalable, decentralized, and secure network. It's part of the Frax protocol, which is a fractional-algorithmic stablecoin protocol. For more information about Frax Share, how it works, and its latest developments, visit the link provided.

Rocket Pool

Rocket Pool is a next-generation Ethereum proof-of-stake (PoS) infrastructure service, designed to be fully compatible with Ethereum 2.0. Rocket Pool allows individuals and businesses to earn interest on their Ether holdings by participating in Ethereum's new PoS consensus mechanism. Find out more about Rocket Pool and its features by clicking on the link.


dYdX is a decentralized cryptocurrency platform for margin trading, borrowing, and lending. It allows users to trade with up to 10x leverage, earn interest by lending their assets, and save on fees. It's designed to be transparent, open, and fair. If you're interested in learning more about how dYdX works, visit the link provided.

Lido DAO

Lido DAO is a decentralized autonomous organization for the staking and liquidity of the Ethereum network. It allows users to stake their Ether in a decentralized and secure manner, offering them the opportunity to earn rewards for their participation. To find out more about Lido DAO and its unique features, click on the link provided.

In conclusion, GMX is a fascinating platform with a promising future. Whether you're an investor, a developer, or a crypto enthusiast, staying informed about GMX and similar coins can help you make the most of the opportunities in the rapidly evolving world of cryptocurrencies.

GameX Markets

Rank Exchange Country Coin Types Fees Trade
1 Hong Kong 287 Currencies including GMX 0.04% - 0.4% More info
2 Cayman Islands 366 Currencies including GMX 0,10% More info
3 Singapore 1669 Currencies including GMX Varies More info
4 Cayman Islands 723 Currencies including GMX 0.04% - 0.4% More info

GameX Price Chart