Cryptocurrency Q&A
What is the maximum supply of GMX?
What is the maximum supply of GMX?
lucas_taylor_teacher
Tue Oct 01 2024
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6 answers
1525
Could you please clarify for me what the maximum supply of GMX tokens is? I'm interested in understanding the total number of GMX tokens that will ever be in circulation, as this can have a significant impact on the value and scarcity of the token over time. Is there a specific cap on the total number of GMX tokens that will be created, or is the supply unlimited? Thank you for your help in answering this question.
6 answers
Michele
Thu Oct 03 2024
The process of minting new GMX tokens also includes a 28-day time lock. This time lock serves as a buffer period, allowing the community to review and discuss the decision to mint new tokens before they are actually created.
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IncheonBeautyBloom
Thu Oct 03 2024
The total maximum supply of GMX tokens is capped at 13.25 million, a finite number designed to maintain scarcity and drive value appreciation. However, the system is designed to be flexible and adaptable to the changing needs of the ecosystem.
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BlockchainEmpiress
Thu Oct 03 2024
The inclusion of a time lock in the governance voting process adds an extra layer of security and stability to the GMX ecosystem. It ensures that the decision to mint new tokens is not made rashly or without proper consideration.
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Margherita
Thu Oct 03 2024
A unique governance mechanism allows for the potential minting of additional GMX tokens. This mechanism ensures that the decision to mint new tokens is made collectively by the community, rather than by a centralized authority.
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KatanaBladed
Thu Oct 03 2024
BTCC, a leading cryptocurrency exchange, offers a range of services that cater to the needs of cryptocurrency traders and investors. Among these services are spot trading, futures trading, and a secure wallet solution.
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