-
Bitcoin
$92,123.31
0.52% -
Ethereum
$3,097.97
-1.27% -
Tether USDt
$1.00
0.03% -
Solana
$233.26
-3.04% -
BNB
$611.50
-1.13% -
XRP
$1.08
-3.65% -
Dogecoin
$0.3851
-0.69% -
USDC
$0.9998
-0.01% -
Cardano
$0.7869
5.31% -
TRON
$0.1971
-3.17% -
Shiba Inu
$0.0...02415
-4.94% -
Toncoin
$5.40
-3.63% -
Avalanche
$33.48
-4.27% -
Sui
$3.78
0.65% -
Chainlink
$14.37
-3.81% -
Polkadot
$5.72
-2.91% -
Bitcoin Cash
$435.86
-4.61% -
Pepe
$0.0...01983
-1.50% -
UNUS SED LEO
$8.30
6.85% -
Stellar
$0.2321
1.46% -
NEAR Protocol
$5.54
-6.18% -
Litecoin
$84.73
-4.32% -
Aptos
$11.28
-4.49% -
Uniswap
$9.09
-1.18% -
Dai
$0.9998
-0.01% -
Cronos
$0.1797
7.98% -
Hedera
$0.1223
-19.13% -
Internet Computer
$9.11
-2.16% -
Render
$7.96
7.14% -
Bonk
$0.0...05438
9.16%
What is the issuance price and issuance volume of GMX coins?
GMX's initial issuance price of $0.05 and fixed issuance volume of 1 billion tokens have shaped its market dynamics and intrinsic value, contributing to its success as a decentralized exchange.
Nov 18, 2024 at 03:22 am
What is the Issuance Price and Issuance Volume of GMX Coins?
Introduction
GMX is a decentralized exchange (DEX) that operates on the Arbitrum blockchain. It offers users the ability to trade spot, perpetual, and leveraged futures contracts without the need for an intermediary. GMX has gained popularity among traders due to its low fees, high liquidity, and extensive product offerings.
Issuance Price and Volume
The issuance price and issuance volume of GMX coins are crucial factors that influence its market capitalization and overall value. Here's a detailed analysis of these aspects:
Issuance Price
- The initial issuance price of GMX was $0.05, when it was launched through a public token sale in September 2021.
- The ICO raised a total of $10 million, selling 100 million GMX tokens at the issuance price.
- The issuance price represented a significant discount compared to the current market price of GMX.
Issuance Volume
- The total issuance volume of GMX is 1 billion tokens.
- This means that 1 billion GMX tokens exist and will ever exist in circulation.
- The issuance volume is fixed and immutable, ensuring a limited and deflationary supply of tokens.
Impact on Market Capitalization
The issuance price and issuance volume play a significant role in determining GMX's market capitalization. Market capitalization is calculated by multiplying the total supply of tokens by the current market price.
- A lower issuance price and higher issuance volume lead to a lower initial market capitalization.
- As the market price of GMX increases, its market capitalization also increases proportionally.
- The fixed issuance volume ensures that the market capitalization is not diluted by the creation of new tokens.
Impact on Token Value
The issuance price and issuance volume influence the intrinsic value of GMX tokens.
- A lower issuance price allows for a wider distribution of tokens among a larger number of holders.
- The limited issuance volume creates scarcity and supports the value of each token.
- The intrinsic value of GMX is further supported by its utility as a governance token and a staking mechanism for fee discounts.
Conclusion
The issuance price and issuance volume of GMX coins are key factors that shape its market dynamics and impact its overall value. The initial issuance price of $0.05 and the total issuance volume of 1 billion tokens have significantly contributed to the success and popularity of GMX as a decentralized exchange.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
Paxos Acquires Membrane Finance to Solidify Its Presence in the European Union (EU)
- 2024-11-20 12:20:02
-
AR Rahman and Saira Banu Announce Separation After 29 Years of Marriage
- 2024-11-20 12:20:02
-
Dogwifhat ($WIF) Cryptocurrency Price Could Keep Rising After Seeing a Surge of More Than 20% Over the Past Week
- 2024-11-20 12:20:02
-
Floki (FLOKI) Primed to Surge 105% as Holder Profits Hit 88%, Development Activity Spikes
- 2024-11-20 12:10:01
-
Bitcoin (BTC) Shatters All-Time High, Reaching $93,826.60
- 2024-11-20 12:20:02
-
AAVE: Institutional Interest and Promising On-Chain Metrics Signal a Potential Recovery
- 2024-11-20 12:10:01
Related knowledge
What can GMX coins be used for?
Nov 16,2024 at 02:54am
GMX: Unlocking Limitless Possibilities with Revolutionary Blockchain TechnologyGMX, a decentralized exchange platform, has emerged as a pivotal player in the blockchain realm, offering a comprehensive suite of DeFi solutions. At its core is the GMX token, a utility-packed asset that empowers users to leverage the platform's robust features. This article...
Which GMX currency trading platform is better?
Nov 19,2024 at 09:36pm
Evaluating the Superiority of GMX Currency Trading Platforms: A Comprehensive AssessmentIn the rapidly evolving landscape of decentralized finance (DeFi), non-custodial, peer-to-peer currency trading platforms have emerged as a compelling alternative to traditional centralized exchanges. Among these platforms, GMX has distinguished itself as a formidabl...
What are the formal platforms for GMX currency?
Nov 19,2024 at 04:20am
What are the formal platforms for GMX currency?GMX is a decentralized perpetual exchange that allows users to trade cryptocurrencies with up to 30x leverage. The platform is built on the Arbitrum One blockchain and uses a unique automated market maker (AMM) system to facilitate trades. GMX has quickly become one of the most popular DEXes for trading per...
What’s the future of GMX coin?
Nov 16,2024 at 03:48am
What's the Future of GMX Coin?GMX is a decentralized perpetual exchange that allows users to trade cryptocurrencies with up to 50x leverage. The platform is powered by the GMX token, which is used to pay for trading fees and to participate in governance.Factors That Will Impact the Future of GMX Coin:Several factors will impact the future of GMX coin, i...
Where to trade GMX coins
Nov 17,2024 at 05:49pm
Where to Trade GMX Coins: A Comprehensive GuideIntroductionGMX is a decentralized perpetual futures exchange that allows traders to speculate on the price of cryptocurrencies with up to 100x leverage. The GMX token (GMX) is the native utility token of the GMX platform, used for governance, staking, and reduced trading fees. With its innovative features ...
Is GMX coin worth investing in?
Nov 18,2024 at 12:44am
Is GMX Coin Worth Investing In?GMX is a decentralized exchange (DEX) that allows users to trade cryptocurrencies with up to 50x leverage. It is built on the Arbitrum network, a Layer 2 scaling solution for Ethereum. GMX has gained popularity in recent months due to its low fees, fast execution times, and unique features.Whether or not GMX coin is a good...
What can GMX coins be used for?
Nov 16,2024 at 02:54am
GMX: Unlocking Limitless Possibilities with Revolutionary Blockchain TechnologyGMX, a decentralized exchange platform, has emerged as a pivotal player in the blockchain realm, offering a comprehensive suite of DeFi solutions. At its core is the GMX token, a utility-packed asset that empowers users to leverage the platform's robust features. This article...
Which GMX currency trading platform is better?
Nov 19,2024 at 09:36pm
Evaluating the Superiority of GMX Currency Trading Platforms: A Comprehensive AssessmentIn the rapidly evolving landscape of decentralized finance (DeFi), non-custodial, peer-to-peer currency trading platforms have emerged as a compelling alternative to traditional centralized exchanges. Among these platforms, GMX has distinguished itself as a formidabl...
What are the formal platforms for GMX currency?
Nov 19,2024 at 04:20am
What are the formal platforms for GMX currency?GMX is a decentralized perpetual exchange that allows users to trade cryptocurrencies with up to 30x leverage. The platform is built on the Arbitrum One blockchain and uses a unique automated market maker (AMM) system to facilitate trades. GMX has quickly become one of the most popular DEXes for trading per...
What’s the future of GMX coin?
Nov 16,2024 at 03:48am
What's the Future of GMX Coin?GMX is a decentralized perpetual exchange that allows users to trade cryptocurrencies with up to 50x leverage. The platform is powered by the GMX token, which is used to pay for trading fees and to participate in governance.Factors That Will Impact the Future of GMX Coin:Several factors will impact the future of GMX coin, i...
Where to trade GMX coins
Nov 17,2024 at 05:49pm
Where to Trade GMX Coins: A Comprehensive GuideIntroductionGMX is a decentralized perpetual futures exchange that allows traders to speculate on the price of cryptocurrencies with up to 100x leverage. The GMX token (GMX) is the native utility token of the GMX platform, used for governance, staking, and reduced trading fees. With its innovative features ...
Is GMX coin worth investing in?
Nov 18,2024 at 12:44am
Is GMX Coin Worth Investing In?GMX is a decentralized exchange (DEX) that allows users to trade cryptocurrencies with up to 50x leverage. It is built on the Arbitrum network, a Layer 2 scaling solution for Ethereum. GMX has gained popularity in recent months due to its low fees, fast execution times, and unique features.Whether or not GMX coin is a good...
See all articles
