GBM: A New Kind Of Auction

The Web3 Auction Standard

Redefining Auctions

Traditional auction formats like English and Dutch auctions weren’t built for Web3. In a world of instant transactions and smart contracts, these legacy systems fall short — and it shows.

Problems with legacy auctions:

• ❌ Front-running vulnerabilities - exposing bidders to MEV and manipulation

• ❌ Winner-takes-all outcomes - discouraging broader participation

• ❌ Poor price discovery - capping seller upside

• ❌ Unfulfilled bids - causing delayed or failed settlements

• ❌ High bidder regret - reducing long-term engagement

• ❌ Inefficient auction speed - dragging out auctions unnecessarily

• ❌ Low engagement and no gamification - making auctions feel static and uninspiring

These outdated formats simply don’t align with the automated, transparent, and incentive-driven dynamics of Web3.

Enter GBM

That’s why we created GBM — a Web3 native auction protocol that fixes the flaws of old models. What makes GBM different:

• ✅ No front-running - each new bid must reference the hash of the previous highest bid

• ✅ Not winner-takes-all - all bidders are rewarded when outbid

• ✅ Superior price discovery - incentives drive more competition without forced price caps

• ✅ No failed settlements - all bids are fully funded the moment they’re placed

• ✅ Less bidder regret - rewards soften the emotional cost of not winning

• ✅ Greater efficiency - bidders are encouraged to show their true price early

• ✅ More engaging - gamified mechanics make auctions more dynamic, interactive, and fun

GBM auctions aren’t just fairer, they’re smarter. This is what Web3 auctions should feel like.