Sunday, February 20, 2022

GMX - a revenue earning governance token


GMX - a revenue earning governance token
https://gmx.io/GMX is the governance token for the a decentralized perp and swap platform GMX.io. Unlike most defi tokens that earn through inflation, GMX earns ETH and AVAX fees from swaps and trades on the platform. GMX token holders earn 30% of all platform fees.https://ift.tt/NpzaJsb now the 30 day annualized revenue for token holders is 30M which means that at current price ($29) for every token you buy you will make $4 per year in ETH or AVAX.However this does not account for growing revenue streams from increased trades, integration with swap aggregators (GMX has zero slippage and thus is typically best price), X4 release (next fee generating product).If revenue doubles from current a $29 buy nets you $8 per year. If revenue can 5x a $29 buy nets you $20 per year and you have paid for your tokens in less than 1.5 years.This is not your typical defi ponzi tokenomics, this is revenue from usage being sent back to governance holders just like defi should be. GMX token holders are the bank and this model will be copied by others in the future.The team is fully anonymous and the community is growing.Check the product out and see for yourself.
Ingrandisci immagine - Repost: GMX - a revenue earning governance token (from Reddit.com)

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