Meanwhile, the DEX recently suffered an exploit that allowed a crypto trader to leverage its zero slippage feature to gain over $565,000 by manipulating the price of the AVAX token. Dovey "Rug The Fiat" Wan □□□ October 5, 2022 We spent zero in cex listing or mm, and took a long way to develop natural progression and recognition from big guys like to eventually make the moveĪ major milestone for us, so blessed to have ya all Congrats to all the blueberry gang □□□ $GMX up 30% just now haha what's going on What a nice way to wake up, proud on the team and here to see gmx go to 1bn+ market cap With the scene set, let’s take a look at what the Binance DEX experience offers its users. The crypto community is bullish on the GMX token, with many praising the exchanges for their decision. With the decentralized finance ( DeFi) boom of 2020, a number of DEXs have sprung up, including Uniswap, Sushiswap and Curve Finance by January 2021, monthly volume on decentralized exchanges hit 55 billion. The DEX has seen the token listed on several centralized exchanges and has recently scored several partnerships. Decentralized exchanges are like that, minus the hassle of sign-ups. There arent anyt any deposit charges, however there can be a 0.1 transaction price while paying in different currencies. Sign up with your email, come up with a strong password, verify your account, and start trading cryptocurrency. According to token terminal data, GMX revenue rose to $12.94 million in the previous 30 days. Published Updated 9m TL DR You probably know the drill with cryptocurrency exchanges. The decentralized protocol’s revenue has also steadily grown over the last 30 days. GMX incentivizes its token holders as they receive 30% of the protocol revenue for staking. Meanwhile, around $370 million in assets are staked on the platform. It is based on two networks, Ethereum layer2 protocol Arbitrum and Avalanche.ĭefillama data showed that its TVL is currently $453.98 million, with $388.6 million Arbitrum, while $65.38 million is on Avalanche ( AVAX). The DEX allows users to trade spot and perpetual futures at low fees through its trading interface. GMX token gained wide popularity in early September when its value rose above the $50 mark during a period when the broader market was trading flat. FTX also stated that the asset would go live on its platform by 2 PM UTC. ![]() 5.īinance revealed that it would list the token in its Innovation Zone with three trading pairs by 10:00 UTC. It offered 10%, or 20 million, BNB tokens to angel investors, 40%, or 80 million, tokens to the founding team, and the remaining 50%, or 100 million, to the various participants through the ICO process.The native token of decentralized exchange GMX (GMX) has spiked 35% to $54.11 after two leading crypto exchanges announced they would be listing it on Oct. It was launched during an initial coin offering (ICO) in July 2017 and has a strict maximum of 200 million BNB tokens. At the time of writing, Binance had a market cap of more than $56 billion and ranks behind only Bitcoin, Ethereum, and USD Tether in terms of market cap.īinance coin initially ran on the Ethereum blockchain with ERC 20 standard but has since become the native coin of the Binance chain. In a post released by world leading cryptocurrency trade exchange Binance, all fees for tokens to be listed on the platform will go to charity USDT/USD 1.12 0.00 BNB/USD 340.84 0.Binance was created as a utility token for discounted trading fees in 2017, but its uses have expanded to numerous applications, including payments for transaction fees (on the Binance Chain), travel bookings, entertainment, online services, and financial services.Every quarter, Binance uses one-fifth of its profits to repurchase and permanently destroy, or "burn," Binance coins held in its treasury.BNB was initially based on the Ethereum network but is now the native currency of Binance's own blockchain, the Binance chain.Binance Coin is the cryptocurrency issued by the Binance exchange and trades with the BNB symbol.
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