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What is the GPX?

The Global Performance Index (GPX) is a unique algorithm developed by TheXchange that shows how Issuers rank on VirtualStaX based on the activity on their account and the movement of their StaX. 

It comprises a complex mix of metrics, including the Volume Weighted Average Price (VWAP), diversity of  followers and backers, price performance since first auction and the platform's social metrics, and is represented as a number out of /1000. 

How does it work?

  1. Issuers participate in an auction, which evaluates the demand for their StaX.
  2. As the auction completes, the listing price per StaX is determined.
  3. Users can now buy, hold, and sell StaX on the secondary market. 
  4. Further social participation and interaction, combined with trade will drive the GPX. 
  5. The GPX will fluctuate depending on the above activities.

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