> For the complete documentation index, see [llms.txt](https://docs.gbm.auction/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.gbm.auction/introduction/welcome-to-gbm-auctions.md).

# Welcome to GBM Auctions

<figure><img src="/files/awNKS86cidkEgBBmAOT5" alt=""><figcaption></figcaption></figure>

**Welcome to the official wiki for GBM Auctions**

In a GBM Auction, bidders earn when they get outbid. \
This transforms auctions into high-engagement, high-efficiency tools for uncovering true market value and gives every participant a win-win experience.

Our incentivized bidding model introduces a powerful new price discovery primitive for DeFi, NFTs, and Real-World Assets.

Whether you're an artist, creator, founder, collector, or trader, GBM offers a new way to sell and acquire assets - one that’s fun, fair, and rewarding.

The GBM Auction protocol will enable anyone to launch their own custom-branded GBM Auction House in just a few clicks and instantly tap into a thriving community of bidders and collectors.

### 🔍In this wiki, you'll find:

* What GBM is, why it matters and how a GBM Auction works
* What GBM has achieved so far, our partners, and how to join the community
* A breakdown of the protocol and what you can do with it
* $GBM tokenomics, protocol reward systems, staking and governance mechanics
* Our roadmap and vision for the future of GBM