Token Purpose & Utility

The Fuel That Powers The GBM Protocol

Token Purpose

The GBM Token ($GBM) is the economic engine of the protocol. It aligns incentives across all participants in the GBM ecosystem - including builders, bidders, sellers, stakers, and governance contributors.

As the cornerstone of the GBM Auction Protocol, the token is designed to:

• Incentivise participation across all participants in the GBM ecosystem

• Drive adoption of GBM’s auction technology across Web3 and beyond

• Foster a loyal, engaged community aligned with the protocol’s long-term growth

Token Utility

The $GBM utility token unlocks a variety of benefits and features across the protocol. Most utilities require holding, spending or staking tokens to be accessed.

Key initial utilities of the $GBM token include:

1. Auction House Publishing Payment

Used to pay publishing fees when launching a new GBM auction house, alongside other accepted currencies.

2. Auction Currency

Projects and communities can choose to accept $GBM tokens as a bidding currency in their auctions.

3. Staking Rewards

Holders can stake their $GBM tokens to receive rewards from the protocol’s rewards pool, with distributions decided by community governance.

4. Voting Power

$GBM token holders can vote on proposals and help govern the future of the protocol

5. Preferential Auction Incentives

Token holders who meet specific staking thresholds can unlock enhanced incentive rates when bidding in GBM auctions across the protocol.

Over time, as the protocol develops, expect further utility to be ascribed to $GBM tokens.

Note: There is no guarantee, promise, or expectation of resale value or financial return. GBM tokens are utility tokens, intended for use within the GBM Protocol.