Odaily News According to official news, the reward distribution of GMX tokens is now live, completing the transition from the previous ETH-based reward model to the new "buyback and distribute GMX" model. Today, GMX just made its first GMX token reward distribution. 30% of GMX V1 fees and 27% of GMX V2 fees will be used to buy back GMX tokens for distribution. The buyback process allows anyone to deposit GMX tokens in exchange for the current fees to be distributed.