GMX Referral Code
Are you looking for a GMX Referral Code?
Get 5% OFF trading fees on GMX.
Sign up using our GMX Referral Code BULLRUN and start saving on trading fees!
+ Get up to 15% of your friends' trading fees when you invite them to trade on GMX!
Disclaimer: We want to emphasize that this is not financial advice. Cryptocurrencies operate in a volatile market, where values can drastically fluctuate in a blink of an eye. It is imperative to conduct thorough research and seek guidance from a qualified financial advisor before investing.
GMX stands as a decentralized exchange platform that offers a seamless trading experience, encompassing both spot and perpetual trading. One of GMX's distinctive features lies in its support for low swap fees and a revolutionary absence of price impact on trades, enabling traders to execute substantial transactions at the precise mark price. This is particularly beneficial during high volatility periods, as a spread is introduced between the Chainlink price and the median price of reference exchanges.
The trading ecosystem on GMX is underpinned by a unique multi-asset pool. This pool not only facilitates liquidity provision but also generates fees for liquidity providers through market making, swap fees, and leverage trading. The pricing dynamics are intelligently managed with the integration of Chainlink Oracles and a comprehensive aggregation of prices from prominent volume exchanges, ensuring accuracy and reliability.
The pricing mechanism within GMX is designed to eliminate price impact, allowing traders to engage in sizable trades without influencing the market price. The mark prices, displayed alongside each market, dictate the execution prices for various positions. For long positions, trades are initiated at the higher mark price and concluded at the lower mark price. Conversely, short positions commence at the lower mark price and finalize at the higher mark price. The chart prominently illustrates the average of these two mark prices, providing traders with valuable insights.
In terms of fees, GMX adopts a transparent approach. Opening or closing a position incurs a fee equivalent to 0.1% of the position size. Long positions are collateralized with the respective token being longed, such as ETH for Ethereum longs or WBTC for Bitcoin longs. On the other hand, short positions are collateralized with supported stablecoins like USDC, USDT, DAI, or FRAX. Swaps required during position management attract regular swap fees, ranging from 0.2% to 0.8% of the collateral size. The exact fee is contingent on whether the swap enhances or diminishes the overall balance. Additionally, an execution fee, detailed during the trading process, contributes to covering the expenses associated with blockchain network usage.
GMX employs a streamlined two-step process for opening, closing, or editing positions. Users initiate the first transaction to request their desired action, while dedicated "Keepers" monitor the blockchain for these requests and subsequently execute them. The cost of the second transaction, referred to as the "Execution Fee," is transparently displayed during the confirmation stage. This fee is directed towards compensating the blockchain network for its processing services.
GMX's innovative approach to trading, with its fee structure, pricing mechanisms, and commitment to low price impact, positions it as a compelling choice for traders seeking a reliable and cost-effective decentralized exchange experience.
If you would like to start using GMX, you can do so by using our GMX Referral Code!
|🎟️ GMX Referral Code||BULLRUN|
|🏆 GMX Discount||5% OFF|
|🎁 Refer and Earn||15% Fees|
GMX Referral Program
The GMX referral program offers users the opportunity to enjoy fee discounts and earn rebates by referring others to the platform. By following a simple process, users can create their own referral codes and share them across various platforms.
To create a referral code, individuals need to navigate to the Referrals page within the GMX platform. Clicking on the Affiliates tab allows them to generate a unique referral code using a combination of letters, numbers, and underscores. It's important to note that these referral codes are case-sensitive and should be created on both the Arbitrum and Avalanche networks to earn rebates on both platforms.
Once a referral code is generated, users can obtain their referral link by clicking on the copy icon adjacent to the code. This referral link can be shared on different platforms such as Twitter or Telegram. When someone clicks on the link and creates an account, the referral code becomes associated with their account. Consequently, whenever this referred user executes a trade, they receive a discount, and the referrer earns rebates based on their trading fees. Notably, rebates continue to accrue even if the referred user switches devices, as the referral code is permanently stored in the contract during their initial trade.
Rebates and discounts from V1 are distributed in ETH on Arbitrum and AVAX on Avalanche every Wednesday. Users can review their rebate history on the Referrals page. For V2 trades, discounts are automatically applied to reduce trading fees, and affiliate rewards accumulate with each trade. These rewards can be claimed through the "Claimable Rebates" feature on the Referrals page.
It's important to be aware that the terms of the referral program are subject to change, determined by GMX token holders. The complete referral terms can be found on the GMX website.
The GMX referral program employs a tiered system to prevent misuse and ensure fair rewards allocation. The tiers and corresponding benefits are as follows:
- Tier 1: Traders receive a 5% discount, and affiliates earn a 5% rebate.
- Tier 2: Traders get a 10% discount, and affiliates receive a 10% rebate.
- Tier 3: Traders enjoy a 10% discount, affiliates earn a 15% rebate in ETH/AVAX, and a 5% rebate in esGMX.
While anyone can create a Tier 1 code, users have the opportunity to upgrade to Tier 2 or Tier 3 by meeting specific criteria:
- Tier 2: At least 15 active users using the referral code weekly, with a combined weekly trading volume exceeding $5 million.
- Tier 3: At least 30 active users using the referral code weekly, with a combined weekly trading volume surpassing $25 million.
Those who meet these criteria can contact @GMXPartners on Telegram to upgrade their code. Rebates and discounts apply to both opening and closing fees for leverage trading.
GMX Referral Code FAQs
The GMX Referral Code is BULLRUN
If you need a referral code for GMX that works you can head on over to RushRadar.
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The cryptocurrency market is one of the fastest-growing markets today and has become a popular option for those looking to diversify their portfolios, if you'd like to sign up for a GMX account, you can use our GMX Referral Code.
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