05 set Gambit Price: GAMBIT Live Price Chart, Market Cap & News Today
These are vested for 2 years, with monthly unlocks beginning one month after mainnet launch. While CoinGecko cannot provide details on the launch of GMBT tokens, you can stay updated on GMBT’s price movements by adding GMBT to your watchlist. Gambit’s current circulating supply is 100.00B GAMBIT out of max supply of 100.00B GAMBIT. In terms of market cap, Gambit is currently ranked #3106 in the Ethereum (ERC20) Tokens sector and ranked #315 in the Gaming sector.
How does the price performance of Gambit compare against its peers?
Because this asset is pegged to 1 USD, it is a direct competitor to USDC/USDT/BUSD/DAI, all while generating a yield. Once farming begins it will be possible to purchase USDG via Pancake Swap. Even so, because USDG is a stable-coin pegged to 1 USD your best bet is to mint it via the Gambit platform. You can redeem USDG at any time for its dollar-equivalent value.
The CoinCodex Cryptocurrency Price Tracker
You can store coins on exchanges after purchase but we recommend using a dedicated wallet for security and long term storage. They are the best choice for those storing a lot of value or planning to hold long term. We wanted to deploy on a chain where people could use our product and use it a lot. We did not want to be gatekept by high fees where only whales can afford the barrier to entry. We have also been actively following Ethereum’s development and we know that Optimism seems to be right around the corner.
How to add Gambit (GAMBIT) to MetaMask?
GAMBIT is down -45.25% against Ethereum and down -47.44% against Bitcoin in the last 1 month. The distribution of the fees is in the form of BNB rewards. The table above shows the number of days which Gambit closed above a certain price level.
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- Our goal is to make derivatives trading accessible, understandable and secure for everyone.
- Finally, our team’s combined experience in DeFi/crypto has shown us that the demand for on-chain leverage is extremely high.
- We did not want to be gatekept by high fees where only whales can afford the barrier to entry.
Buy & sell Gambit (GAMBIT) with fiat currencies (USD, CAD, AUD, EUR, GBP etc) or another coin such as BTC or ETH. There will be a minting button on the platform when then mainnet is live. The supply of xGMT will https://turbo-tax.org/ be distributed to GMT holders via a liquidity distribution event. This means GMT holders can pool GMT/USDG and receive xGMT in return. Gambit price in US Dollar has decreased by -42.73% in the last 1 month.
Gambit calculates rewards based on your wallet address and its respective transaction history. This means you can buy/farm xGMT, hold it for a week, sell it, and still be able to claim your rewards. There is no need to claim first and then trade like on some other platforms. If you would like to know where to buy Gambit at the current rate, the top cryptocurrency exchange for trading in Gambit stock is currently Uniswap v2. From a security perspective, everything operates on an open blockchain network. All transactions can be signed only by the user, and all liquidations are carried out on-chain.
It’s not just about catering to tech enthusiasts or early adopters. It’s about ensuring that everyone, regardless of background or expertise, can participate in this transformative space. Universal access to crypto can democratize finance, foster innovation and reduce financial inequality. In 2016, the world of cryptocurrency was still in its nascent stage, shrouded in complexity and largely confined to tech enthusiasts and early adopters. The jargon was intimidating, the user interfaces were clunky, and the general public viewed crypto as a mysterious, almost esoteric domain. It was in this environment that I stumbled upon crypto in a most unexpected way.
Learn more about how crypto prices are calculated on CoinGecko. That’s why I founded JOJO—an exchange for people to trade derivatives—to address these issues comprehensively. Our approach involves offering extensive educational resources, prioritizing intuitive design and transparency and implementing simplified yet robust security measures. Our goal is to make derivatives trading accessible, understandable and secure for everyone. This is often the case for very short lived farms where there is no token utility. Because xGMT generates fees from real utility Gambit provides to traders, a fair market value will form.
It became increasingly clear that for crypto to realize its full potential, it needed to be demystified and simplified. Continuous efforts are required to provide fair and transparent services to crypto users, and still more needs to be done to make these platforms accessible to a broader audience. Farming, especially in the very beginning, can be unpredictable. Typically, staking GMT/USDG for xGMT, then compounding into the xGMT/USDG pool, will be the optimum risk/reward strategy. It is important to note that in the first few hours there could be a lot of volatility during xGMT price discovery.
We will have a temporary seed of circa 50k USD value in the xGMT/USDG pool to help accelerate this price discovery. The tokens for seeding this pool will come from team USDG and treasury xGMT. Once the bootstrapping phase has ended and community liquidity is deep we will withdraw the bootstrap liquidity. We will donate any incidental profits from IL back to the community. For those inexperienced with farming who do not want to take any risk whatsoever, the best strategy will likely be to swap a share of their GMT to xGMT. Doing so when the liquidity is deep enough to minimise price impact.
The Gambit team’s development ethos is that a good product is the lynchpin of a successful marketing campaign. In keeping with this culture we have been working tirelessly to have a smooth, robust, viable product working before initiating a marketing campaign. Large scale trading and swapping necessitates deep liquidity. To generate this liquidity there needs to be a low-risk, income-generating asset to incentivise depositing.
Impermanent loss is a reduction in both gains and losses. So if your tokens increase in value by 200%, due to impermanent loss your LP will be worth only 150% more. A general rule of thumb is IL is a 20% tax on gains and a 20% refund on losses compared to straight holding. Nonetheless, we have been working very hard to ensure that xGMT emissions offset IL.
This means that no one can misappropriate users’ assets, nor can anyone maliciously trigger liquidation. While pursuing a Ph.D. in physics, I encountered a cyberattack that inadvertently introduced me to the world of crypto. One day, our lab’s computers were hacked, and we received a message from the attacker demanding payment in bitcoin to restore our systems. Faced with no other options, my team and I scrambled to understand this unfamiliar asset. We ended up with some leftover bitcoin and, to our surprise, watched as its value started to increase shortly after the transaction.
Therefore we wanted a chain that would make deploying on Ethereum post-Optimism easy. BSC met those criteria and we couldn’t be happier with the results. The trading volume of Gambit (GAMBIT) is $294.83 in the last 24 hours, representing a -50.30% decrease from one day ago and signalling a recent fall in market activity. He previously co-founded DODO, a decentralized digital asset exchange, and gambit coins studied for his Ph.D. in physics from Peking University. We believe that crypto has the power to reshape the financial landscape, democratizing access to financial services and empowering individuals around the world. My journey from an unexpected, curious newcomer to the founder of a community-first crypto company has reinforced the critical importance of making crypto accessible to all.
An advantage of pooling with USDG is that half of your LP tokens are generating rewards while you stake. Gambit price today is $ 0.0₅1826 with a 24-hour trading volume of $ 290.37, market cap of $ 182,642, and market dominance of 0.00%. GMBT tokens are currently unavailable to trade on exchanges listed on CoinGecko. Information will be updated when the token is available on centralized/decentralized exchanges. Adding Gambit (GAMBIT) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. The price of Gambit (GAMBIT) is calculated in real-time by aggregating the latest data across 1 exchanges and 1 markets, using a global volume-weighted average formula.
We can achieve this by separating fees from governance on launch. Doing so paves the way to aggressively expand and pursue strategic partnerships. We also saw an opportunity to reward our community for their ceaseless commitment to our vision. This is why we burnt the entirety of our treasury and team GMT tokens, reducing net supply from 1 million to 401,469. Additionally, when formulating the tokenomics of xGMT we reduced the treasury stake. In a situation where the two market caps are equal, this would mean the community owns 86% of the protocol.
The most popular exchange to buy and trade Gambit is Uniswap V2 (Ethereum), where the most active trading pair GAMBIT/WETH has a trading volume of $294.81 in the last 24 hours. The urgency of the situation forced us to quickly learn about bitcoin, its acquisition and its utility. We navigated through online exchanges, figuring out how to set up a digital wallet and purchase the necessary amount. This experience, though stressful, opened my eyes to the potential and volatility of cryptocurrencies. What initially seemed like a digital mishap turned into a gateway to a revolutionary financial technology. A working product that actively generates returns gives us the leverage needed to negotiate with other major players in DeFi, many of whom have already been communicating with us.
Even so, because liquidity in the beginning will be low, some volatility is to be expected. You must mint an amount of USDG equivalent to the value the GMT you wish to use. Then on Pancake Swap you simply add USDG and GMT liquidity, then stake your pool tokens on the Gambit site. It receives fees from the trades, mints, and zero-slippage swaps conducted via Gambit.
We intend to pursue these partnerships aggressively and engage the wider DeFi community through a series of outreach programs. Finally, our team’s combined experience in DeFi/crypto has shown us that the demand for on-chain leverage is extremely high. So once the platform is live and facilitating trades, we will be poised to absorb a great deal of this demand. This meant ensuring that tokens that we sold in a presale (GMT) were not expected to receive a dividend of any sort. There is always a risk of ‘impermanent loss’ when pooling your tokens.
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