Gmx (GMX)

GMX is a crypto-asset issued on the Ethereum blockchain that serves as the reserve asset for the Marshall Islands sovereign fiat currency, called the Marshall Islands SOV. The Marshall Islands SOV is a legitimate tender, backed by GMX tokens, that is legal tender in the Republic of the Marshall Islands. The SOV is the first national digital currency with full sovereign acceptance. GMX is a stablecoin. It is designed to maintain a constant price of 1 unit of Marshall Island SOV, regardless of market conditions. The price stability is achieved by minting and burning of GMX tokens by the Marshall Island government, and interference from its Central Bank. GMX tokens are also used to pay for transactions on the SOV platform, and it is the only asset that can be used for transactions within the Republic of the Marshall Islands. GMX was founded by Mark D. Young, a former Investment Banker and entrepreneur who saw the potential of the Marshall Islands SOV in terms of economic stability and opening up new economic opportunities for the people of the Marshall Islands. It is a joint project of the government of the Marshall Islands, Tribe Network, Neema and Deltec Bank & Trust. What makes GMX token unique is its feature of stablecoin. As an asset-backed currency, GMX tokens remain stable in value despite market fluctuations. This is an advantage for traders who want to park their money in a stable asset and not worry about its value depreciating. GMX can be used to purchase goods and services like any other currency, and can also be used as an investment in the Marshall Islands SOV platform. GMX tokens will be accepted in more than 100 countries where the SOV is recognized as a legitimate tender. GMX tokens can be bought and sold on various crypto exchanges like Bitfinex, Gate.io, KuCoin and Poloniex. It can also be bought and sold using fiat currency in a private over the counter (OTC) sale.