The $GMX token is the native governance and utility token of GMX, a decentralized exchange focused on offering spot and perpetual trading. GMX operates on the Arbitrum and Avalanche , providing , high-speed trading with the ability to trade with leverage.
Here are some key features of :
Governance: holders can participate in the governance of the GMX platform by voting on proposals, changes, and improvements to the protocol.
Staking and Rewards: Users can stake $GMX tokens and earn rewards in the form of ETH (on Arbitrum) and AVAX (on Avalanche). Staking helps secure the platform and allows participants to receive a share of the platform’s trading fees.
Decentralized Liquidity: is designed to offer decentralized liquidity through liquidity providers , who can earn fees from both spot and perpetual trades.
Low Fees and Leverage: aims to offer competitive fees and support leveraged trading, differentiating itself from other DEX platforms.
The $GMX token plays a central role in the ecosystem by enabling decentralized governance and incentivizing users to participate in the protocol’s growth and liquidity provision.