Gaimin

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Discover Gaimin's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Gaimin?

Gaimin (GMRX) is a utility token powering the GAIMIN ecosystem, a PC gaming platform that leverages users' computational resources for passive monetization through video rendering and blockchain computations. The token rewards users for their participation and can be used to purchase digital gaming assets on the marketplace, enhancing their gaming experience. As a deflationary token, GMRX has built-in gamified staking and burning features, with a total supply of 100 billion tokens.

How is Gaimin used?

Gaimin (GMRX) is a utility token that powers the internal economy of the Gaimin ecosystem, a blockchain-based platform that combines gaming and decentralized computing. Here are the key ways GMRX is used:

  1. Purchasing Digital Assets: GMRX allows users to buy digital gaming assets, such as NFTs, on the Gaimin marketplace, enhancing their gaming experience.

  2. Enhancing Gaming Experience: The token is used to unlock exclusive features and content within the platform, providing a superior gaming experience for users.

  3. Passive Monetization: Users can earn GMRX by participating in the gaimin.cloud network, which monetizes their computational resources for tasks like video rendering and blockchain computations. This earned GMRX can be traded or used within the ecosystem.

  1. Gamification and Rewards: The token is used to incentivize user engagement through gamified staking, burning, and community rewards, ensuring a constant flow of GMRX into the market and maintaining users' purchasing power.

  2. Token Economy: GMRX is the core of the Gaimin token economy, with 100% of income from monetization rewards used to buy back GMRX from the market, creating a deflationary token supply.

Overall, GMRX is the central currency for transactions and interactions within the Gaimin ecosystem, facilitating a seamless and rewarding gaming experience for users.

How do I store Gaimin?

To store Gaimin (GMRX) tokens securely, it is recommended to use a cryptocurrency wallet. There are two main types of wallets: software wallets (also known as hot wallets or digital wallets) and hardware wallets (also known as cold wallets).

Software wallets are connected to the internet and are less secure, but they are more convenient for frequent transactions. Examples of software wallets include Metamask, which supports millions of assets and blockchains.

Hardware wallets, on the other hand, are more secure as they store your crypto keys offline. Ledger is a highly secure hardware wallet option for storing cryptocurrencies. Each hardware wallet comes with a seed phrase, which acts as a key to unlock the wallet and transfer its contents between devices. It is recommended to store the seed phrase in a physical form, such as metal seed phrase storage solutions, to protect it from loss or destruction.

It is generally not recommended to store your GMRX tokens on an exchange, as exchanges can be vulnerable to hacking or bankruptcy, which could result in the loss of your funds.

How to buy Gaimin?

To buy Gaimin (GMRX) tokens, follow these steps:

  1. Choose an Exchange: Select a reputable cryptocurrency exchange that supports GMRX, such as KuCoin, Gate.io, CoinEx, Bybit, or MEXC. Ensure the exchange is available in your country and offers the necessary trading features.

  2. Create an Account: Register for a free account on the chosen exchange by providing the required personal information, including your name and email address. Complete any necessary identity verification steps to increase withdrawal limits and unlock additional features.

  3. Fund Your Account: Deposit funds into your exchange account using a suitable payment method, such as a credit or debit card, bank transfer, or peer-to-peer trading. The available payment methods may vary depending on the exchange.

  1. Buy GMRX: Navigate to the exchange's trading section and select GMRX as the cryptocurrency you want to buy. You can choose between a Market Order or a Limit Order. A Market Order executes the purchase at the current market price, while a Limit Order allows you to set a specific price at which you are willing to buy.

  2. Store Your GMRX: Once you have purchased GMRX, you can store it in your exchange account or transfer it to a personal cryptocurrency wallet, such as Metamask, for additional security and flexibility.

  3. Monitor Your Investment: Keep track of your GMRX investment's performance and adjust your strategy as needed.

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History of Gaimin

Gaimin (GMRX) is a utility token designed to support the ecosystem of GAIMIN, a company focused on harnessing the computational power of gaming PCs for decentralized data processing services. The token was created to reward users for allowing their PC-based GPUs to participate in the gaimin.cloud network, which processes artificial intelligence data, renders videos, and powers blockchain computations.

Early Development and Fundraising

Gaimin conducted several fundraising rounds, including an Initial Exchange Offering (IEO) and Initial DEX Offering (IDO), between March 8 and March 26, 2024. These rounds raised a total of $1.79 million, with prices ranging from $0.000175 to $0.0029 per token.

Listing and Trading

GMRX was listed on cryptocurrency exchanges on March 25, 2024. The token is designed to be deflationary through policies such as burning and staking, and users are incentivized to retain their tokens through new services like The Colosseum, a fantoken area for GAIMIN's esports team, Gaimin Gladiators.

Gaimin's Ecosystem

Gaimin's platform provides a range of services, including a marketplace for digital assets and merchandise, a dashboard for tracking rewards, and a wallet for managing tokens. The company also owns Gaimin Gladiators, a top esports organization, and is developing a mobile application to enhance user interaction and accessibility.

Strategic Objectives

GAIMIN aims to eliminate barriers to entry for Web3 games and deliver a paradigm shift in Web3 gaming. The company is focused on targeting gamers as users and providing them with a seamless gaming experience while monetizing their computational power.

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How Gaimin works

Gaimin (GMRX) is a cryptocurrency that operates within the GAIMIN ecosystem, a Web3 gaming platform designed for gamers. The platform allows users to earn passive rewards in the form of GMRX tokens by contributing their PC resources, specifically their GPU power, to perform blockchain computations. This process is fully automated once the user downloads and installs the GAIMIN software on their Windows PC, which requires a minimum of 4GB of VRAM.

The GMRX rewards are calculated based on several factors, including the user's PC specifications, the type of GPU, the length of time the software is running in the background, and the number of referrals introduced. Additionally, users can earn rewards through gamification, such as watching live streams and achieving time goals.

The GMRX token is the native utility token of the GAIMIN ecosystem and is used to purchase digital gaming assets on the marketplace, enhancing the gaming experience. As a deflationary token, GMRX has built-in gamified staking and burning features, with 100% of income from monetization rewards used to buy back GMRX from the market, providing constant buy pressure to help maintain users' purchasing power.

The platform ensures user safety by allowing users to control the percentage of GPU power dedicated to monetization. Users can turn it on or off at any moment, and the software is designed with security in mind, built by top developers with a focus on quality code and security.

GAIMIN is positioned to capitalize on the growing demand for next-generation gaming experiences by providing a robust infrastructure for Web3 gaming. The platform's ability to monetize users' computational resources and return up to 90% of the rewards back to its gamers ensures a large user base with ongoing purchasing power.

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Gaimin's strengths

The token Gaimin (GMRX) has several strengths that make it an attractive investment opportunity:

  1. Decentralized Computing Network: Gaimin operates a blockchain-based platform that leverages the collective processing power of users' GPUs to facilitate decentralized computing. This network allows users to monetize their idle GPU capacity, creating a robust and decentralized ecosystem.

  2. Reward Mechanism: GMRX serves as the primary reward mechanism within the Gaimin ecosystem. Users receive GMRX tokens for participating in the gaimin.cloud network, which can be traded for other cryptocurrencies or used to purchase digital assets or merchandise within the platform.

  3. Gaming Integration: Gaimin seamlessly integrates gaming with decentralized computing, allowing users to earn rewards while engaging in their favorite games. This fusion of gaming and blockchain technology creates a unique and engaging experience for users.

  1. Marketplace and Digital Assets: The Gaimin marketplace offers a diverse range of digital assets, including NFTs, gift cards, and branded merchandise. Users can purchase these items using their earned GMRX tokens, enhancing the overall user experience.

  2. Mobile Application: The development of a mobile application aims to enhance user interaction and accessibility, expanding Gaimin's user base and providing users with easy access to their accounts, wallets, and marketplace transactions.

  3. Esports and Community Engagement: Gaimin's esports organization, Gaimin Gladiators, promotes the brand within the gaming community and engages with gamers on a deeper level, fostering a sense of community and driving user adoption.

These strengths position Gaimin (GMRX) as a promising investment opportunity, combining the power of decentralized computing, gaming, and digital assets to create a robust and engaging ecosystem.

Gaimin's risks

Gaimin (GMRX) is a high-risk investment due to significant volatility in the cryptocurrency market. The token's value can fluctuate rapidly, and investors should be prepared for potential losses. The risks involved include market demand, user adoption, and competition from similar platforms, which can impact the token's growth potential.

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Did Gaimin raise funds?

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Gaimin’s team

  • Martin Speight: CEO & Co-founder, experienced entrepreneur and business strategy consultant with over 28 years of experience in sales and marketing.
  • Andrew Faridani: CMO & Co-founder, founder of Canada’s largest local digital agency with 18 years of experience in online advertising, branding, and social media.
  • Calvin Adamus: CPO & Co-founder, Gaimin creator with product-specific knowledge and strategic advisor for community building and referral programs.
  • Clive Aroskin: COO & Co-founder, operations and logistics specialist with significant entrepreneurial startup experience and expertise in referral programs and community development.
  • Robert Van: Co-founder, 30 years of business formation and management experience, startup investor specializing in technology and blockchain.
  • Marc Bray: Chief Communications Officer, experienced in IT industry with 30 years of experience, combining technology consulting with marketing and business qualifications.
  • Casey James: Chief Investment Officer, experienced in investing in early-stage AAA non-blockchain games, Gamefi P2E, and crypto infrastructure projects.
  • Joseph Turner: Chief Gaming Officer, gaming and esports advisor for English-speaking markets, former professional player and coach.
  • Maximiliam Jonsson: Chief Crypto Officer, experienced in blockchain technologies and IT product development.
  • Alan O’Neill: Digital Enterprise Architect, thought leader, investor, and facilitator of Metaverse, Blockchain, and Web 3.0 projects.
  • Nicky Butt: Serial entrepreneur, gaming enthusiast, and investor in Metaverse, Blockchain, and Web 3.0 projects.
  • Ross Mason: Successful technology entrepreneur, founder of MuleSoft and Dig Ventures, investor in early-stage Web 2.0 and Web 3.0 companies.

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