coin image

GMXGMX to BDT

188
Token
৳4,994.61 0.51%
0.000638 BTC2.27%0.0126 ETH1.53%

Low (24h)

৳4,889.53

৳5,036.86

GMX to BDT Price Today

188
Token
Market Cap
৳47,612,828,862.88
Market Dominance
0.02%
Market Cap
৳47,612,828,862.88
Market Dominance
0.02%
Fully Diluted Market Cap
৳47,612,828,862.33
YTD (%)
-21.16%
Volume (24h)
৳2,679,327,230.98
Volume / Market Cap
0.05627
Circulating Supply
9,532,840 GMX
Max Supply
-
Total Supply
9,532,840
1h24h7d30d60d90d
0.48%-0.51%-3.28%-13.85% 3.80% -15.19%





GMX to BDT

coin image GMX

1

GMX

=

BDT

GMX Risk Analysis

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2

GMX (GMX) Markets


GMX Quarterly Returns

YearQ1Q2Q3Q4Total
2021--5.41%38.84%46.35%
202282.20%-60.64%160.90%3.07%92.83%
202383.08%-26.61%-27.44%36.14%32.72%
Average82.64%-43.63%66.73%39.03%85.95%

What is GMX (GMX)?

With GMX, you can trade top cryptocurrencies directly from your wallet with up to 30x leverage and no swap fees.

A multi-asset liquidity pool operates on the DEX. Fees can be earned by those who provide liquidity. Market making, asset rebalancing, leveraged trading, and swaps all incur these fees.

The exchange hopes it can attract users as well as providers. The DEX also offers 'dynamic pricing' due to its low fees and the Chainlink (LINK) oracles implemented. A price feed aggregated across its platform also eliminates the risk of liquidations caused by temporary wicks."

Avalanche (AVAX) and Arbitrum blockchains supported GMX as of 30 November 2022.


 

Who founded GMX?

There needs to be more information about who founded GMX. Two previous protocols by the same team, XVIX and Gambit, have been successfully launched.

A new AMM called X4 is also being developed by the team. My understanding is that X is the developer in charge.


 

How does GMX work?

 In addition to its unique features, GMX is not the first decentralized derivatives market.

Community-operated liquidity pools, known as 'unionized,' are the core of GMX. In leveraged trading, GLP provides liquidity. (Leverage makes it easy!) GLP holders earn when traders lose.


 

Two types of fees are charged to traders on GMX:

  • 1% of the position size is the trading fee for opening a trade.
  • "Borrow fee" equivalent to (assets borrowed)/(total assets in the pool) * 0.01% per hour.

Depending on the asset, the borrowing fee changes: it's lower for less prevalent and more elevated for more widespread assets.


 

All platform fees are split between GMX and GLP token holders:

  • 30% to GMX stakers.
  • 70% to GLP holders, i.e. liquidity providers.



 

How Does GMX Work? 

A multi-asset pool known as GLP facilitates trading on GMX. Uniswap and Chainlink are both altcoins, and there are 50-55% stablecoins, 25% ETH, and 20% BTC in the mix.

In GMX, liquidity providers' liquidity is added by minting GLP (GMX Liquidity Provider Tokens). This blockchain allows them to earn 70% of all fees from minting GLP. It is important to note that GLP does not suffer an impermanent loss like some liquidity pools.

This liquidity pool is open to anyone interested in becoming a supplier and earning fees. Aside from perpetual swaps, users can also trade spots in the assets provided. A GLP token holder becomes a counterparty to traders when they lose a trade as they provide liquidity to leveraged trades.

You can mint a GLP token with any index asset and burn a GLP token for a return of any index asset. There is no transferability or automatic stake for this token, unlike the GMX token. There is a difference between Arbitrum and Avalanche regarding GLP's price, rewards, and index composition.


 

GMX Stacking

Connect your wallet and click "Stake" to stake your GMX tokens and earn rewards.

After the transaction is confirmed on-chain, you will be rewarded 30% of GMX's protocol fees and esGMX and Multiplier Points.

GMX users will see that "Total Rewards" increases all three reward types. Your earned rewards can be staked and compounded by clicking "Compound."




 

Why GMX?

In the case of a perpetual swap, there is no expiry date, so the instrument can be held for an indefinite period. To support very leveraged positions, endless in DeFi requires little capital upfront.

A specific feature of the GMX project is non-custodial perpetual swap trading, emphasizing a user-friendly user experience. Longs and shorts can be executed on GMX quickly, efficiently, and cheaply. LPs earning money from leveraged trading and swaps can also contribute assets to the protocol's multi-asset pool system.

The perpetual futures market is also crowded with competitors within the DeFi space. Additionally, centralized exchanges will always hold a significant market share, which poses a threat to the market as a whole.


 

Is GMX a Good Investment?

As of September 2021, GMX tokens were trading for around $15. Soon after its launch, the token was caught up in a recent significant crypto market crash. 

Between November 10, 2021 (when the crypto market started falling precipitously) and mid-June 2022 (when the market finally managed to stabilize), the overall industry market cap dropped by 69 percent (from $3 trillion to $920 billion). 

Concurrently, GMX's token price declined somewhat less severely by 58 percent (from $33 to $14).

On September 1 (the time of this writing), the token's value rose from $14 in mid-June to $47.80, an increase of 241 percent from its mid-June price of $14. 9 percent of the cryptocurrency market (from $920 billion to $1 trillion) has increased since the beginning of the year.

This token is clearly very popular in the market. Various options are available to advanced traders on the platform, which is a critical factor for this optimism. 

A new feature, X4, is in the pipeline for the exchange. Liquidity providers can customize the pool and option structure using X4, an AMM pool concept.

Accordingly, GMX is one of the best long-term investment options, given its recent rally and the strategy adopted by the platform.


 

GMX(GMX) Token Metrics
 

Token Name: 

GMX


 

Ticker: GMX

24h volume:



 

$ 7.48 million ($ 7,480,873)
Market cap:$ 27.55 million ($ 27,553,397)
Fully diluted market cap:$ 27.55 million ($ 27,553,397)
Circulating supply:643,154.00 GMX
Total supply:Total supply
Issuance blockchain:Avalanche
Avalanche contract address:0x62edc0692BD897D2295872a9FFCac5425011c661 .

 


 

Where is the GMX(GMX) coin available?

GMX(GMX) is available on a variety of cryptocurrency exchanges. The list of quick, secure, and easy exchanges is listed below.

  • Binance
  • Huobi
  • Bybit
  • Gate.io
  • Bitget
     

You can check the whole list of exchanges here to buy GMX(GMX).

 

How much is a one GMX worth now?

The current price of the GMX(GMX) is ৳4,994.61, with a current market cap ৳47,612,828,862.88.

What is the GMX stock symbol or ticker?

GMX is a ticker symbol of the GMX.

How many GMX coins are there in circulation?

At the movement,9.53M GMX tokens are already in the market out of 9.53M GMX.

How can I invest in GMX?

There are many options for buying crypto, and GMX can be purchased from many crypto exchanges at any time.Just visit DigitalCoinPrice to get the world's best crypto exchanges list and buy GMX. It's a quick, easy, and secure way to buy GMX(GMX).

Is GMX a stablecoin?

No, It is not a stablecoin.

What was the Highest price for GMX?

GMX had an all-time low of 0.00.

Can GMX be mined?

No, the GMX (GMX) coin cannot be mined.

GMX Price Prediction

The current GMX to BDT price is ৳4,994.61. In the last 24 hours, GMX to BDT price has gone up by -0.51%. The cryptocurrency market is volatile and never predicts its price movement, and it requires expertise and knowledge, and it is such a problematic take. Let's look at what our experts and market analysts discuss regarding future GMX price prediction.

Portfolio Tracker

Using a crypto portfolio tracker has become more convenient than it was in the past. This tool enables you to keep track of your crypto assets. As an example, you have acquired GMX at different prices, which makes it difficult to identify the individual purchasing prices. A portfolio tracker lets you identify profit and loss. Also organise it.

Coin Converter

By exchanging GMX against fiat currencies (such as the U.S. dollar or Japanese yen) or using them as payment for goods and services, GMX can be earned or received in various ways. GMX considers as the most popular cryptocurrency, and on the other side, USD is the most demanding fiat currency globally. Today, almost every fiat currency has been paired with the GMX, including GMX to PHP, GMX to INR, GMX to NGN, GMX to THB, GMX to CAD, GMX to PKR, GMX to IDR , GMX to EUR , GMX to AUD , GMX to BDT and many more in the queue. The given all are fiat currency and the most widespread pairs in the market.

Would you like to know how many cryptocurrencies 1 GMX is equivalent to other cryptocurrencies or vice versa? With Digitalcoinprice's Cryptocurrency Converter Calculator, you can easily convert cryptocurrency pairs. You can convert and check any crypto pairs like GMX to FET, GMX to MEMEAI, GMX to PEPE, GMX to EGGY, GMX to ONDO, GMX to REI, GMX to RIO, GMX to VLX .

GMX to BDT price today is ৳4,994.61, which is Down by -0.51% over the last 24 hours. There has been an hourly Rise by 0.48%. GMX's market cap currently sits at ৳47,612,828,862.88 BDT, holding up for a market cap rank at #188. The volume were at ৳2,679,327,230.98 BDT GMX ranks no 188 in the market capitalization of GMX is at ৳47,612,828,862.88 and its volume for 24 hours is ৳2,679,327,230.98. GMX are under circulation, with total supply of 9.53M and the Maximum supply of 0.

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GMX to BDT Price Statistics

Live GMX Price in BDT

GMX to BDT

৳4,994.61

Percentage Change ( 24h )

0.51%

৳147.33
24h High / Low

৳5,036.86 /

৳4,889.53

Trading Volume 24h

৳2,679,327,230.98

Volume / Market Cap

0.05627

Market Dominance

0.02%

Market Rank

188

Market Cap

৳47,612,828,862.88

Fully Diluted Market Cap

৳47,612,828,862.33

All Time High

৳23,845.57

2198.32%
All Time Low

0.00

Infinity%
Circulating Supply

9,532,840 GMX

Total Supply

9,532,840 GMX

Max Supply

-