This week's GMX buyback plan has new developments. The project team has reclaimed approximately 16,800 GMX tokens from the market, continuing to advance their buyback & distribution strategy.
The current data looks good: if you lock your tokens now, the annualized yield over the next 7 days is 11.94%. This remains attractive for token holders.
Looking at a longer period, GMX's buyback plan has already repurchased over 2 million tokens (specifically 2,031,625), which means that stakers have on average earned a 21.59% return. This ongoing token buyback mechanism is indeed contributing to the long-term value accumulation of the ecosystem.
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blocksnark
· 01-09 07:27
Only 16,800 GMX, and this buyback effort still isn't as aggressive as I imagined
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11.94% annualized sounds good, but how many people can really stick with it
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Over 2 million tokens were bought back, but the token price is still this way, kind of ironic
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Staking a 21.59% return rate, the question is how is the unlock period calculated?
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The continuous token burning mechanism sounds good, but I’m worried it’s just surface-level
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How is this data calculated? Is there any trick with the average return rate?
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Damn, they’re starting to talk about buyback stories again, but what about the real earnings for token holders
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The GMX team’s approach at least proves they are still working seriously
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An annualized 11.94% is no longer impressive; it depends on how long they can sustain it
View OriginalReply0
VitalikFanboy42
· 01-09 03:35
Really? The buyback力度 this time is quite good, 2 million tokens?
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Annualized 11.94% sounds pretty good, just depends on how long it can last
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Buying back tokens every week, this approach is indeed quite interesting
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A 21.59% return? As long as you can hold on to it, right?
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GMX is serious about its work, gotta admit that
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Locking for 7 days and earning 11.94%, feels a bit risky
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Cumulative buyback of over 2 million tokens, no wonder it's a serious project
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By the way, how long can this buyback mechanism last?
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Annualized nearly 12%, considering the current market, it's quite good
View OriginalReply0
StakoorNeverSleeps
· 01-08 15:07
Annualized 11.94% sounds good, but don't get cut, it depends on how long this buyback can last
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2 million tokens bought back? Feels a bit虚假, is the actual circulating supply shrinking?
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21.59% return? The data is a bit猛, but staking收益 this thing depends on whether it can持续
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GMX bought back again,感觉项目方还是有点良心, just see how long they can坚持
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Lock-up for 7 days at 11.94%, sounds诱人 but who dares to all-in now?
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Continuous buybacks确实能撑盘, but don't tell me this is价值积累... still need market验证
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Over two million tokens回收, if there isn't大量新增流入, this数字还是挺硬的
View OriginalReply0
ZKProofEnthusiast
· 01-08 15:05
Hey, this return rate is quite tempting, but I'm worried it might be just a fleeting moment.
View OriginalReply0
RektButSmiling
· 01-08 14:59
11.94% annualized? Bro, this yield rate is indeed impressive, but it depends on how long you can stick with it.
Wait, 2 million tokens were bought back? That's a pretty aggressive buyback, no wonder some people say GMX is serious about its work.
An average return of 21.59%... this data is pretty crazy, is it real or not?
I need to think more about locking up tokens, after all, the market can change at any time.
GMX's mechanism is pretty good; at least it's not just a scam.
View OriginalReply0
FloorSweeper
· 01-08 14:58
ngl the 11.94% apy sounds juicy but we've seen this before... accumulation phase trap or legit value play? 🤔
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SillyWhale
· 01-08 14:48
An annualized return of 11.94% is really tempting. Did they buy back another 16,800 this week? It seems the project team is quite attentive.
View OriginalReply0
BrokenRugs
· 01-08 14:37
An annualized return of 11.94%, I just want to ask if this is real or just on paper...
2 million tokens have been repurchased, so why is the price still staying low?
Staking is locking, once locked in, you have to gamble on whether it can hold up later. Anyway, I don't dare.
Buybacks are good, but I'm afraid that when I wake up, there will be another black swan.
21.59% sounds great, but in this day and age, who still believes in such promises?
Getting half of that actually in hand would be considered a blessing.
This week's GMX buyback plan has new developments. The project team has reclaimed approximately 16,800 GMX tokens from the market, continuing to advance their buyback & distribution strategy.
The current data looks good: if you lock your tokens now, the annualized yield over the next 7 days is 11.94%. This remains attractive for token holders.
Looking at a longer period, GMX's buyback plan has already repurchased over 2 million tokens (specifically 2,031,625), which means that stakers have on average earned a 21.59% return. This ongoing token buyback mechanism is indeed contributing to the long-term value accumulation of the ecosystem.