ChainCatcher message, GMX announced that its token reward distribution is now live, completing the transition from the old ETH-based reward model to the new buyback and distribute GMX model. GMX has just conducted its first GMX token reward distribution, with 30% of GMX V1 fees and 27% of GMX V2 fees being used to buy back GMX tokens and distribute them. The buyback process allows anyone to deposit GMX tokens in exchange for the currently pending distribution of fees.