GMX Blueberry Club Is Coming To NFT Paris

A warm welcome to GMX Blueberry Club, joining us at NFT Paris 2023!

Blueberry Club, an NFT community building within the GMX ecosystem, will be hosting a booth at the NFT Paris Conference.

What is the GMX Blueberry Club?

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GMX Blueberry Club is a generative NFT (non-fungible token) collection consisting of 10,000 blueberry NFTs on the Arbitrum network, dedicated to the decentralized exchange GMX.io and its Web3 community.

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Available on the popular NFT marketplace OpenSea, the NFTs in the GBC collection were generated using 130+ unique hand-drawn traits. Interestingly, the GBCs were a free mint for users of GMX, otherwise, they would cost 0.03 ETH per NFT.

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At its core, Blueberry Club is a DAO, managing a treasury currently worth over $1.5 million in GMX and GLP tokens. From mint funds to NFT royalties, and even earning yield from GLP tokens, the treasury has multiple channels of income.

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The GBC collection allows NFT owners to earn yield, using a treasury that receives revenue from the sale of each NFT, as well as from other products such as Blueberry Lab - a tool that allows users to customize their NFT berries by adding new on-chain attributes to them.

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But GBC isn't stopping there. They have yet to launch even more products, including:

- GBC Trading: GMX Leveraged Trading on Blueberry Club Website with additional features

- Puppet Mirror Trading: A copy trading social platform that will allow members to mirror the trades of top traders on GBC

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At a floor price of 0.3 ETH, and the GMX ecosystem ever-growing, GBC certainly has a bright future ahead.

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Leveraging GMX Tools: The DAO Way

The GMX decentralized exchange, which went live in September 2022 on two major blockchain networks (Arbitrum and Avalanche), offers margin trading with up to 50x leverage, a unique feature that was long-awaited by the crypto trading community. Notably, the GMX DEX platform has an impressive total volume of over $19B and more than 200,000 users.

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In a short period of time, GMX has taken significant market share from competitors like dYdX, and launched itself to the top 100 tokens by market cap in the crypto universe. The promise of this project cannot be overstated.

So, how does this benefit GBC holders?

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Well, aside from the main logic that a community within GMX will flourish along with the ecosystem, there's another way GBC holders are literally "earning" for holding.

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GMX offers esGMX to the GBC community, as a form of support for building within their ecosystem. For holders of GBC (and some GMX tokens), you will essentially get an esGMX airdrop for free. Aside from this, the Blueberry Club is rolling out treasury rewards, which give holders ETH/AVAX generated from their GLP yield, yet another incentivization for holding a GBC NFT.

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In summary, GMX Blueberry Club is distributing gains from GMX, back to the community. It's a truly wonderful NFT staking mechanism, backed strongly by yields in strong cryptocurrencies such as ETH and AVAX.

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How Is GMX Blueberry Club Partnering With NFT Paris?

We're thankful to have GMX Blueberry Club at NFT Paris 2023.

GBC will be hosting a booth at the NFT Paris Conference, and many more details about their community will be available on-site.

We can't wait to see what GBC has in store for us, are you?

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Closing Thoughts

In summary, GMX Blueberry Club is one of the pioneering NFT communities within the GMX ecosystem. As a relatively young protocol, GBC could very well end up as an OG NFT collection, and perhaps a very valuable blue chip if GMX turns out to be a huge success.

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Once again, we're excited to see what GBC has for us at their booth. See you there, coolkidz!