# 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:** 48

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**Author:** ![Saulius](https://sea2.discourse-cdn.com/flex020/user_avatar/gov.gmx.io/saulius/32/455_2.png) [@Saulius](https://gov.gmx.io/u/Saulius)\
**Post date:** [July 26, 2024, 8:13am UTC](https://gov.gmx.io/t/gmx-transition-from-buyback-eth-and-distribute-eth-to-buyback-gmx-and-distribute-gmx/3693/48 "2024-07-26T08:13:35Z")

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> [@luca\_D2](#):
>
> Addressing Concerns on the Buyback GMX Proposal

Thank you for detailed comment. It has eased my concerns a little and seeing overwhelming support on snapshot vote my stance now changes from objection to neutral.

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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)._