Bitget Lists GMX in Innovation Zone - $20,000 GMX Token Prizes to be Won!
Dear Global Bitgetters,
We are thrilled to announce that GMX/USDT (GMX) will be listed in the Innovation Zone.
To celebrate the launch of GMX on Bitget, the project team has organized a trading contest, with $20,000 GMX up for grabs! Check out the details below:
Deposit Time: Activated
Trading/Withdraw Time: October 5, 10 AM (UTC)
Campaign Period: October 5, 10 AM (UTC) - October 13, 10 AM (UTC)
To participate in the following campaign, please click on the [Register Now] button below:
Promotion 1: Register to claim $10
Register and complete KYC during the campaign period and click the “Register” button to earn up to $10 in GMX. Prize pool: $5,000 in GMX.
Promotion 2: Trade/Deposit and Share 5,000 USDT New Users Bonus
Users who make their first deposit or spot trading of no less than $100 in GMX will be rewarded $5 in GMX each. For the first 1000 users only.
Promotion 3:Trade and Share $10,000 in GMX
Users whose accumulated trading volume of GMX/USDT reaches $100 can share a prize pool of $10,000 in GMX. The winners will be rewarded proportionally according to each GMX/USDT trading volume compared to the total amount of volume traded by all winners during the campaign period.
Eg. If your accumulated spot trading volume of GMX/USDT is X, and the total participants' accumulated spot trading volume of GMX/USDT is Y, then your prize will be: X/Y*10,000 in GMX.
Introduction
What Is the GMX Token?
The GMX token is used on the exchange for governance and staking purposes. Holders of the token can vote on a variety of proposals concerning the platform’s operations. The token can be staked on the exchange in return for three types of rewards:
- Escrowed GMX
- Multiplier points
- Standard rewards in ETH (for Arbitrum) or AVAX (for Avalanche)
The standard rewards on the platform include 30 percent of the exchange’s revenue from swaps and leveraged trading.
What Is GMX?
GMX (GMX) is a decentralized spot- and perpetual-trading crypto exchange whose users can benefit from its low swap fees and zero price impact trades through leverage trading and market making. GMX uses Chainlink oracles to source dynamic pricing info from a variety of exchanges.
The exchange provides services on the Arbitrum Layer 2 protocol and the Avalanche (AVAX) blockchain. More than three-quarters of the trading activity transpires on Arbitrum, with Avalanche providing a much lower volume of trade.
Total Supply: 13,250,000 GMX
Contract Address (Arbitrium): 0xfc5a1a6eb076a2c7ad06ed22c90d7e710e35ad0a
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Terms and Conditions：
- For this campaign, all participants have to click the “register now” button to register the campaign, otherwise it would be unvalid.
- Participants are required to complete verification (KYC) in order to participate in the campaign.
- Rewards will be sent to the winner's spot account within seven working days from when the campaign ends.
- All participants must strictly adhere to Bitget’s terms and conditions.
- In case of cheating or using multiple accounts for rewards or other illegal behaviour, Bitget reserves the right to disqualify the users involved and forfeit their rewards.
- Bitget reserves the right to amend or revise the terms of this event or cancel this event at any time and for any reasons without prior notice at its sole discretion.
- Bitget reserves the right of final decision regarding this event. If you have any questions, please contact our support team.
Disclaimer
Cryptocurrencies are subjected to high market risk and volatility despite high growth potential. Users are strongly advised to do their research and invest at their own risk.
Bitget Team
October 5, 2022
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