# GamersXP Token $GMXP

## GamersXP Token $GMXP

* Exchangeable on Tier 1 CEXs and DEXs
* Spend $GMXP across platform products: dApp schemes, NFTs, Giveaway entries, Marketplace purchases, and more
* Earn through GamerXP dApp, raffles, or tournament victories
* Boost earnings by playing games and accessing prize-winning opportunities
* Users will be able to swap, stake, and add to liquidity pools via GamersXP DeFi App for passive income

Transaction Fees & GMXP Utility:

* GMXP transaction fees: 4% per transaction
* Breakdown: 2% burned, 20% distributed to holders, 78% to research & development wallet for growth
* GMXP Token: ERC-20 deflationary utility token, powered by Matic Network
* Utility: Purchasing game schemes, eSports entry, minting user NFTs, giveaway tickets, P\&E game purchases, and crypto-rewards and mnay more
* Ecosystem Currency: GMXP used as the ecosystem's crypto-reward currency

Rewarding Crypto Holders:

* 20% of fees rewarded to holders
* Not a revenue share with GamersXP or any company
* Independent, non-affiliated users receive the fee split
* Reflects smart contract popularity, not company efforts

Token Burn:

* 2% fee burned
* Result: Continuous supply decrease, creating deflationary token model