KISS (Keep it Simple Stupid) GMX price is just a subset of Trader's Fee

1

Hi, me is lover of GMX.
Great Tech, lousy price.
Lurker of GMX community, and gov.
Decide to share my POV, hoping my corporate experience helps.

TLDR; 10x your marketing. before u die.

KISS.
GMX unfortunately, is not a meme coin, nor a coin with huge potential.
Just like Beyond Meat, BYND, the stock price is the highest $178 when there are huge potential, and it collapsed ($0.99) once the public sees the real market size and potential.

GMX is not less than a dollar because of one thing and one thing only:-
Profit sharing.
Dividends are distributed, block by block, and APR is around 10% to 20%

We have a great product, but the team has been so focused on building a great product that they forgot they need people to use it.
do not just double the marketing,
Do not double the trader fees,
go for ten times of current trader volumes.

Treasury is huge, spend it wisely of course, but also do not be so cautious that things move like a snail. (The way I see it, everyone in GMX is responsible and do not want to be the one that pushes too hard and waste money, THAT is the killer of GMX. You guys move too slow, and too worried.

GET AN OUTSIDER IN AND GIVE HIM POWER.
HE CAN RESPECT THE DEVELOPERS, THATS ALL.
SPEND THE MONEY ON MARKETING. EVERY DOLLAR WASTED is finding out what does not work, and hence, improve the next marketing dollar.

You can either die slowly or prosper.

  1. Lots of paid adverts, whatever your budget is now, double it. Hire external consultant. hire new guy. Make it such that your marketer department is double or triple current mancount.

  2. Lots of X.com presence. Get Paid Ads on X. Get KOL on X, not talk abt buying $GMX, that ship has sailed, but to get KOL to talk abt trading on GMX. USE GMX.
    X.com is the #1 social media for Crypto, and you should spend as much money as possible on it, and then add more.

  3. TikTok- i am not an expert on shorts, but go for shorts, get some retailers to trade.

  4. Make it easy for retailers who do not understand crypto to come in.
    Setup MoonPay or whatever credit card. They don’t even have to know how they onboard, as long as it is easy.
    I ain’t a technical expert, but this is how casino shines, they make it easy for you to take money to the casino.
    ATMs, credit card, forex counter, eligibility of credit for whales, etc etc.
    Do the same.
    Make it easy for users to come
    If the fees are expensive, then let the pple decide whether they want to pay the fees to onboard with their credit card. Offer another cheaper option like crypto wallets.

Streamline everything.
IF GMX is still scare like a timid mouse, then get GMTRADE to rush the retailers shit.

  1. Obviously go for crypto wallets. I believe they rather add on hyperliquid or lighter or Aster now, but do what you need to do to get them offer an alternative perps.
    Bribe them. Give them USDC. Give them tokens. Give them equity.
    Don’t keep thinking of win-win partnership. Go for LET THEM WIN FIRST.

Or and let the DAO die.
I am a happy stake holder as long as my absolute amount of fee goes up.
I do not care abt voting.
I have no doubts the APR will always remain 10-20%, because once fee goes up, the price will follow and the APR will always be 10-20%. Thats the market telling you people are seeking decent returns of 10-20% and they will buy and hold it and causing price to go up.

PS: love the devs, but sorry the markets are cruel.
Sony has a great phone but f**ked up marketing. Screw the japanese.
Apple has a lousy phone (in the beginning) but absolutely understand the UIUX part, and demolished the public with great marketing.
(Thats hyperliquid now.)

GMX team, pls do not be defensive and explain. Its okay, i am a gmx lover and i would not sell (not until $0.99 like BYND)
Just go talk internally and go do it.
Do not call for DAO vote.
Onwards!! Trust whatever GMX hires to to consult and lead the marketers!!!

2

Honestly im ok to remove the dao aspect and give team full control with the vision focus on trading vol, more traders via marketing and token price.

The voting aspect delay things and just painfully slow in implementation.

2 Likes
3

I agree with your general sentiment. But please note that plenty things you mention are already being done now. Advertisements for GMX, campaigns with content creators, outreach to wallets, GMTrade aggressively experimenting with new asset classes and claiming Solana market share.

If only it were that simple, honestly.

EVERY DOLLAR WASTED is finding out what does not work, and hence, improve the next marketing dollar.

This doesn’t apply if all the Marketing campaigns are simultaneous, broad, and capacity-constrained. That makes it harder to make the most of them and extract good data from them. It does work if you can properly analyze the effectiveness of your campaigns, and optimize the next one based on those results and lessons :slightly_smiling_face: