Cryptocurrency Q&A
What is the max supply of GMX coins?
What is the max supply of GMX coins?
CharmedClouds
Mon Oct 07 2024
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6 answers
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Could you please clarify for me the maximum supply of GMX coins? I'm interested in understanding the total number of GMX coins that will ever be in circulation. Is there a finite limit to the number of GMX coins that can be mined or created, or is the supply potentially unlimited? Understanding the maximum supply is crucial for assessing the potential scarcity and value of GMX coins in the future. Thank you for your assistance in clarifying this important aspect of GMX.
6 answers
ethan_carter_engineer
Wed Oct 09 2024
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EchoWhisper
Wed Oct 09 2024
The total supply of GMX tokens is capped at 13.25 million, ensuring scarcity and potential for appreciation. However, this limit is not absolute.
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BlockchainBaronGuard
Wed Oct 09 2024
The possibility of minting additional GMX tokens exists, albeit through a rigorous process. This mechanism involves a governance vote, where stakeholders can deliberate on the necessity of expanding the token supply.
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GangnamGlamourQueen
Wed Oct 09 2024
To ensure stability and prevent abrupt changes, the decision to mint more GMX tokens is accompanied by a 28-day time lock. This period serves as a buffer, allowing for careful consideration and mitigating the risk of impulsive decisions.
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CryptoPioneer
Wed Oct 09 2024
The implementation of such a governance system underscores the decentralized nature of GMX and the importance of community input in shaping its future.
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