# 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 --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://gitbook.gamersxp.io/whitepaper/economy/gamersxp-token-usdgmxp.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.