Dutch crypto exchange Bitvavo is currently showing notable activity. Recently, crypto news has been regularly dominated by new entrants across the broad crypto spectrum. Our country’s largest exchange today again announced the arrival of two new crypto coins. GMX (GMX) and JasmyCoin (JASMY) are now tradable on the trading platform. After reading this article you will know exactly what these projects involve.
If you don’t have an account at Bitvavo yet, you can now benefit from a nice welcome bonus. By registering via this link you will receive free 10 euros On your account. You can then spend this amount on the desired cryptocurrency.
GMX: Crypto DEX
GMX is one decentralized exchange, also called DEX, launched in September 2021 on the Ethereum (ETH) scaling network Arbitrum (ARB). If you delve deeper into the history books, you will find that GMX is a renaming comes from the Gambit exchange launched in 2017. In January 2022, GMX was also launched on the Avalanche Network (AVAX), which is also an Ethereum Virtual Machine (EVM)-enabled blockchain.
GMX is a decentralized spot and perpetual exchange that allows users to trade directly from their wallet without the need for a third party. In addition, traders with perpetual contracts can trade up to 50x leverage Use on GMX.
The GMX token is both a utility as a guide Sign. GMX token holders have a say in decision making to influence the future of DEX.
In addition, among other things, the token can be pledged in such a way that it is entitled to 30 percent of all trading fees generated. Besides the GMX token, the platform also has the GMX Liquidity Provider Token (GLP), which users receive when they provide liquidity to the platform. 70 percent of all trading fees go to the holders of these GLP tokens.
JasmyCoin: Ethereum-based token
JasmyCoin is a so-called ERC-20 token, i.e. a token that runs on the Ethereum blockchain. Jasmy Coin was created by Jasmy Inc., a company run by former Sony executives, and like GMX, was founded in 2017.
The Jasmy platform creates and maintains an infrastructure that allows data owners to securely store and share their data and gives users full control over who has access to that data. In addition, it offers the possibility to understand the use of personal data and to make them anonymous during use.
Users can upload their personal data to the so-called Jasmy Personal Data Locker (PDL) in exchange for JASMY tokens, while companies use JASMY tokens to access this data.
