# GMX: Transition from “Buyback ETH and Distribute ETH” to “Buyback GMX and Distribute GMX”

**URL:** <https://gov.gmx.io/t/gmx-transition-from-buyback-eth-and-distribute-eth-to-buyback-gmx-and-distribute-gmx/3693>\
**Category:** Proposals\
**Tags:** governance\
**Created:** [July 20, 2024, 2:23am UTC](https://gov.gmx.io/t/gmx-transition-from-buyback-eth-and-distribute-eth-to-buyback-gmx-and-distribute-gmx/3693 "2024-07-20T02:23:45Z")\
**Posts on this page:** 1\
**Showing post:** 38

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**Author:** ![shogun](https://sea2.discourse-cdn.com/flex020/user_avatar/gov.gmx.io/shogun/32/415_2.png) [@shogun](https://gov.gmx.io/u/shogun)\
**Post date:** [July 23, 2024, 3:37am UTC](https://gov.gmx.io/t/gmx-transition-from-buyback-eth-and-distribute-eth-to-buyback-gmx-and-distribute-gmx/3693/38 "2024-07-23T03:37:51Z")

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The implementation plan from X’s solution is good and feasible, reduced and extended interval buys reduce risks of front-running.

I think this well-thought out model, enhances GMX, instead of ETH or AVAX as a fee storage. Which fulfills a greater demand and benefit for the GMX token.

Thanks for making this proposal, and responding to feedback from the community, I will be a proponent for it.

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_[View the full topic](https://gov.gmx.io/t/gmx-transition-from-buyback-eth-and-distribute-eth-to-buyback-gmx-and-distribute-gmx/3693)._