GMX is newly listed

 GMX is the newcomer this month, with trading in mind the crypto sets its way in the biggest exchange that there is.

The main new feature is leveraged trading positions with up to 30 leverage from one simple wallet.

They offer multiple ways to leverage your trades and a wallet system that allows for compounding and vesting self-build trading and earning mechanisms which allow its traders to benefit from leverage and yield.

From its view, it looks like a promising new platform and trading way, which grants a lot of benefits to its traders.

Trades go from buying to the reward phase where you can also vest your points that you earn from buying coins and increase by compounding the reward that you earn, after compounding comes the claiming which transfers the traded coins back to your wallets.

In theory, this means more coins per traded and a yield on top of it. With it comes also a multiplier bonus which will yield additional AVAX/ETH Rewards which are distributed by seconds.

The rates are made once a month.

So this looks like a very promising new way to trade tokens as the reward and multiplier system seems very promising and they promise a lot of yields.

The token it self is also not very cheap and goes by 45 USDT by the moment already peaked 60 USDT today and shows alot of promise to go even higher.

I'm very eager to try this system out and see how it works for hands-on.