TechFlow news, October 30 — According to an official post on X, GMX announced that its token reward distribution is now live, marking the completion of the transition from the previous ETH-based reward model to the new "buyback and distribute GMX" model. GMX has just completed its first GMX token reward distribution, with 30% of GMX V1 fees and 27% of GMX V2 fees allocated toward buying back and distributing GMX tokens. The buyback mechanism allows anyone to deposit GMX tokens in exchange for a share of the currently available fees pending distribution.
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