Gamium

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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 Gamium?

Gamium (GMM) is a cryptocurrency token that powers a Web3 and Metaverse technology company. Its mission is to create the first interconnected Metaverse, allowing for multi-metaverse compatible avatars and assets. The token is used for governance and as a medium of exchange within the Gamium ecosystem, providing users with access to various features and benefits, including token-gated experiences and staking rewards.

How is Gamium used?

Gamium (GMM) is a utility and governance token primarily used within the gaming-based blockchain ecosystem. It serves as an in-game currency and is essential for accessing various features within the Gamium metaverse. The token can be staked to generate extra economic rewards and provides social benefits to its holders. Additionally, Gamium's metaverse experiences are only accessible to $GMM holders, making it a crucial component of the project's ecosystem.

How do I store Gamium?

To store Gamium (GMM) tokens, you have several options based on your needs and preferences. Here are a few methods:

Storing on an Exchange

You can store your Gamium (GMM) tokens in your KuCoin account. This provides quick access to trading products like spot and futures trading, staking, and lending. KuCoin serves as the custodian of your crypto assets, so you do not need to manage your private keys. However, make sure to set up a strong password and upgrade your security settings to prevent unauthorized access to your funds.

Non-Custodial Wallets

For enhanced security, you can withdraw your Gamium (GMM) to a non-custodial wallet. This type of wallet grants you complete control over your private keys. You can use various types of wallets, including hardware wallets, Web3 wallets, or paper wallets. Be sure to store your private keys securely, as losing them may result in the permanent loss of your Gamium (GMM).

Cold Wallets

Cold wallets are considered the safest option for long-term storage. They are offline, reducing the risk of hacking. There are two types of cold wallets: hardware wallets and paper wallets. These wallets are not connected to the internet, making them highly secure for storing your Gamium (GMM) tokens.

Other Wallet Options

You can also store your Gamium (GMM) tokens in other wallets like Trust Wallet, which supports various blockchain networks. These wallets can be used for both desktop and mobile devices.

How to buy Gamium?

To buy Gamium (GMM) tokens, follow these steps:

  1. Choose an Exchange: Select a reliable cryptocurrency exchange that supports Gamium (GMM) trading. Popular options include KuCoin, CoinEx, gate.io, and MEXC. Ensure the exchange accepts customers from your country and offers the necessary trading features you need.

  2. Create an Account: Register a free account on the chosen exchange by providing personal information such as your name and email address. Some exchanges may require KYC verification to increase withdrawal limits and unlock additional features.

  3. Fund Your Account: Deposit funds into your exchange account using a payment method accepted by the exchange. This can include credit/debit cards, bank transfers, or transferring existing cryptocurrencies from another wallet.

  1. Navigate to the Gamium Market: Find the Gamium (GMM) trading pair on the exchange, such as GMM-USDT or GMM-BTC.

  2. Place a Buy Order: Decide whether to use a Market Order or Limit Order. A Market Order executes the purchase immediately at the current market price, while a Limit Order allows you to set a specific price for the purchase.

  3. Confirm and Complete the Purchase: Review the details of your order, then confirm the purchase. Once the order is executed, your Gamium (GMM) tokens will be credited to your exchange account.

  1. Store Your Gamium: Transfer your Gamium tokens to a secure wallet to store them safely. This can be a software wallet, hardware wallet, or a cold storage option.

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

Additionally, you can also buy Gamium on decentralized exchanges (DEX) by following these steps:

  1. Choose a DEX: Select a DEX that supports Gamium (GMM) trading.
  2. Set Up a Wallet: Download and set up a Web3 wallet like Metamask or an App wallet like Trust Wallet.
  3. Transfer Funds: Transfer the necessary cryptocurrency (e.g., ETH or BNB) to your wallet.
  4. Connect to the DEX: Connect your wallet to the DEX.
  5. Swap for Gamium: Use the "Swap" feature to exchange your cryptocurrency for Gamium (GMM).
  6. Confirm the Transaction: Review and confirm the transaction details.

Remember to always research the exchange and DEX you choose, and be cautious of scams and fake tokens.

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History of Gamium

Gamium (GMM) is a cryptocurrency token that was created by Alberto Rosas García, a software engineer and blockchain developer from Barcelona, Spain. The project began in mid-2021, with the goal of building a decentralized social metaverse. The development was led by Rosas' company, Gamium Corp, which was established in September 2021. The project gained significant traction with a successful financing phase in April 2022, raising over $2.2 million.

The initial launch of Gamium involved the deployment of smart contracts for its GMM utility and governance token. This was accompanied by the development of a decentralized application (dApp) to explore the Gamium world, which is made up of non-fungible tokens (NFTs). Additionally, an application was created to encourage the utility of the GMM token through staking.

Gamium's tokenomics were updated in September 2022 to delay the vesting of tokens for the team and advisors, aiming to give the token time to settle. The project's vision is to create a 3D metaverse powered by the GMM and MST tokens, offering a unique experience where users can create avatars that serve as self-sovereign identities (SSIs) for both Web3 and Web2 environments.

Gamium continues to evolve, with ongoing development and updates to its metaverse. The project has captured the attention of a large community seeking to explore the possibilities of blockchain-based metaverses.

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How Gamium works

Gamium (GMM) is a governance and medium of exchange token within the Gamium ecosystem. Here's an overview of how it works:

Tokenomics
  • Token Supply: The total supply of GMM tokens is 50 billion, with over 3.48 billion in circulation.
  • Tokenomics Update: The vesting system for the Team and Advisor groups was delayed to give the token a chance to settle.
Governance and Staking
  • Governance: GMM holders have access to token-gated experiences and assets, as well as staking benefits.
  • Staking: Users can stake GMM tokens to earn rewards and participate in the governance of the platform.
Buy-Backs and Token Burns
  • Buy-Backs: The project performs quarterly GMM buy-backs using income from Uniswap liquidity provider fees.
  • Token Burns: There are further token burns using penalties for early unstaking, contributing to deflationary tokenomics.
Metaverse Integration
  • Gamium World: The 3D metaverse is built around the GMM token, allowing users to explore and interact with virtual avatars and NFTs.
  • Avatar SDK: Avatars serve as Self-Sovereign Identity (SSI) for both Web3 and Web2, enabling seamless interaction across digital spaces.
Trading and Liquidity
  • Uniswap V3 Interface: Users can buy and sell social tokens (MSTs) using the built-in Uniswap V3 interface within the Gamium app.
  • Liquidity: Each MST has 90% of its liquidity used to seed a Uniswap pool on Binance Smart Chain, providing liquidity for traders.
Token Utility
  • GMM as Medium of Exchange: GMM is used as a medium of exchange between different metaverse currencies.
  • MST Token: MST (Metaverse Seal Token) is a utility and reward coin used for social features, accessing exclusive content, purchasing NFTs, and using Gamium apps.

Gamium is a complex project with multiple components, but at its core, it aims to create a decentralized social metaverse where users can interact, trade, and govern using the GMM token.

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Gamium's strengths

The token Gamium (GMM) has several strengths that contribute to its potential growth and adoption:

  1. Governance and Medium of Exchange: GMM serves as both a governance token and a medium of exchange within the Gamium ecosystem. This dual role allows it to facilitate transactions and decision-making processes within the platform.

  2. Deflationary Tokenomics: Gamium employs a deflationary tokenomics model, which involves quarterly token buy-backs and burns using income from Uniswap liquidity provider fees. This approach helps maintain a stable token supply and can positively impact the token's value.

  3. Staking Benefits: GMM holders can participate in staking, earning real yields and further incentivizing token holders to contribute to the platform's growth.

  1. Token-Gated Experiences: GMM provides access to exclusive experiences and assets, enhancing the user experience and encouraging token adoption.

  2. Metaverse Integration: Gamium's integration with its own 3D metaverse offers a unique and immersive environment for users, setting it apart from other social token platforms.

  3. Strong Backing: Gamium has received significant funding, including investments from major players like Telefónica, which can help support the project's development and growth.

  1. Multi-Exchange Listing: GMM is traded on multiple exchanges, including BitMart, KuCoin, and Gate.io, increasing its accessibility and liquidity.

These strengths collectively contribute to Gamium's potential for growth and adoption in the cryptocurrency market.

Gamium's risks

Gamium (GMM) is a cryptocurrency that carries several financial risks for investors. One of the primary risks is the volatility of the cryptocurrency market, which can cause significant price fluctuations. This volatility can result in substantial losses if not managed properly.

Another risk associated with Gamium is the potential for manipulation. According to InvestorsObserver, Gamium receives a high risk rating due to the possibility of market manipulation. This means that the token's price can be influenced by various factors, making it challenging to predict its performance.

Additionally, using leverage to trade Gamium can be risky but also potentially profitable. However, it is crucial to understand the specifics of Gamium's trading risks, including the impact of market sentiment on its price. This highlights the importance of careful risk management when investing in Gamium.

Overall, investors should be aware of these financial risks and carefully consider them before making investment decisions in Gamium.

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Did Gamium raise funds?

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Gamium’s team

  • Alberto Rosas García: Co-CEO and founder of Gamium, a well-known software engineer and blockchain developer from Barcelona, Spain, who began developing Gamium in mid-2021.
  • Alejandro Rosas García: Co-CEO and co-founder of Gamium, twin brother of Alberto Rosas García, with a background in mathematics, data science, and software engineering.

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