How Does The IDA Work

Step-by-Step Breakdown of the GBM Token Auction Flow

⚙️ How It Works

1. Predefined Token Bundles

A series of $GBM utility token bundles in varying sizes (e.g. 1,000, 10,000, 100,000 $GBM tokens) will go on auction simultaneously — each starting at 0 $USDC.

2. Place Bids On Bundles

Connect your wallet on the IDA site to view all available token bundles. You can then place bids on any bundle to try and win the specified amount of $GBM utility tokens allocated to it.

3. Get Rewarded if Outbid

If you're outbid, your full bid is refunded — and you earn an incentive reward, just like in a typical GBM Win-Win auction.

4. Winning Bidders Receive SBTs

At the end of the auction, if you win one or more bundles, you'll automatically receive Soulbound NFT Tokens (SBTs) in the same wallet you used to bid. These SBTs represent your winning $GBM utility token allocations.

5. Claiming Your Tokens

Once the auction ends, winners can visit the claim section of The GBM Dashboard site, connect the same wallet used to bid, and claim the $GBM utility tokens tied to their winning bundles.

🏷️ Buy It Now Option

Each token bundle will also have a Buy It Now price. If you prefer not to participate in the auction, you can choose to purchase a bundle outright at that fixed price.

📊 Reference Price & DEX Listing

Once the IDA concludes, the weighted average final bid price across all won bundles will be used to establish the post-IDA reference price for the token’s initial DEX pair.

📣 More Info Coming Soon

As we get closer to the IDA launch, we’ll share more detailed tutorials, UI walkthroughs, and updates about the IDA with the community.

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.