GMX (GMX) Reaches One Day Trading Volume of $9.61 Million

GMX (GMX) traded up 1.7% against the dollar during the 1-day period ending at 16:00 PM ET on September 10th. During the last week, GMX has traded 5.2% lower against the dollar. GMX has a total market cap of $235.99 million and $9.61 million worth of GMX was traded on exchanges in the last 24 hours. One GMX token can currently be purchased for about $24.40 or 0.00042198 BTC on popular exchanges.

Here is how related cryptocurrencies have performed during 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 2.2% lower 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 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.
  • MVP Coin (MVP) traded 9.4% higher against the dollar and now trades at $0.0690 or 0.00000119 BTC.
  • P2P Solutions foundation (P2PS) traded 1.8% higher against the dollar and now trades at $153.99 or 0.00266302 BTC.

GMX Token Profile

GMX was first traded on September 1st, 2021. GMX’s total supply is 9,671,646 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.”

Buying and Selling GMX

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

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