GMX initiates on-chain voting to change the income distribution model to buyback and distribute GMX

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Golden Finance reported that GMX announced that the ‘Change the Revenue Distribution Mode to Repurchase and Distribute GMX’ proposal has passed the Snapshot vote and started on-chain voting. The voting will end on August 5th. The proposal suggests changing GMX’s current revenue distribution mode from ‘repurchasing ETH and distributing ETH’ to ‘repurchasing GMX and distributing GMX’.

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