TechFlow News, on July 20, decentralized perpetual exchange GMX launched a new proposal to change its current revenue distribution model from "buying back ETH and distributing ETH" to "buying back GMX and distributing GMX." The main points include:
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Using 100% of fees from GMX V1 and 27% from V2 to repurchase GMX tokens, with an estimated annual buyback amount of approximately $36.63 million.
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Users can still choose to convert GMX into ETH or AVAX, maintaining the existing user experience.
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The new model aims to create sustained buying pressure on the GMX token, enhancing price stability and growth potential.
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Expected to improve GMX token liquidity and attract more long-term, large-scale capital.
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Address zombie wallet issues and strengthen value retention capabilities.
