Gamium (GMM) is a company that offers blockchain digital identity and metaverse solutions.
They claim Gamium’s DiDit will be the world’s largest “interoperable identity and financial protocol.” However, they admit Didit is still under construction.
Didit will give each user a decentralized digital identity that will support data transfers and payments. They claim businesses can use DiDit to onboard customers. Didit can protect identities by creating an Identity Layer 0 or Internet Identity Layer.
Gamium plans to launch Didit in 2023. An Avatar Generation Event will proceed Didit’s Beta Launch. Hence, Didit could operate as both an avatar and a digital identity similar to Liquid Avatar’s products. In contrast to Gamium’s solutions, Liquid Avatar’s products are already live online.
The other Gamium product is Genesis. Genesis will be a social media platform that could serve as a “YouTube of 3D Experiences.” They claim Genesis will let users create their own digital worlds and explore other digital worlds using an advanced search engine.
They claim Genesis will be easy to use because of a no-code Software Development Kit (SDK). Theoretically this will allow people with no programming skills to install Genesis. Gamium plans to hold a Genesis World Launch in 2023.
They will give Genesis and Didit away free to encourage their use. Hence, we consider both products Freemiums.
The Gamium (GMM) Token
Gamium (GMM) is the governance and utility token for Gamium’s ecosystem. Hence it is the token for both Didit and Genesis.
Interestingly, Gamium runs on both the Binance Smart Chain (BNB) and Ethereum (ETH) blockchains. Hence, Gamium is both a BEP-20 and an Ethertheum request for Contact or ERC-20 token.
This is a smart move because Binance and Ethereum are two of the world’s most popular blockchains. For example, CoinLore estimates there were hundreds of BEP-20 tokens operating on 7 March 2023.
They will unlock GMM gradually to limit volatility. Current plans call for Gamium to unlock GMM over a 24-month period and slowly distribute it to supporters, stakers, and speculators.
Gamium will create two GMM staking pools to create liquidity. Users will stake GMM directly in the GMM Pool.
A GMM-Binance USD (BUSD) liquidity pool will let users stake Gamium to a GMM-BUSD pair. They use BUSD because it is a stablecoin that makes payments in US dollars. Hence, this pool provides dollar liquidity. The GMM-BUSD pair will trade on the Pancake Swap decentralized exchange (DEX).
Gamium will create a liquidity protocol (LP) token speculators can stake to the GMM-BUSD pool. Users can earn rewards from the GMM-BUSD liquidity pool.
What Value does Gamium offer?
Gamium (GMM) is a refreshing DeFi protocol because its developers admit Gamium is a for profit company. However, Gamium is a defi protocol a decentralized autonomous organization (DAO) governs.
I think the only value at Gamium is theoretical because Genesis and Didit are under construction. Hence, we cannot know if Gamium’s technology works or makes money.
Mr. Market concurs because CoinMarketCap gave it a 0.1531₵ Coin Price on 8 March 2023. CoinMarketCap gave Gamium a $32.183 million Market Capitalization, a $75.729 million Fully Diluted Market Cap, and a 24-Hour Market Volume of $4.198 million on 8 March 2023.
How Much Value does Gamium Offer?
They base those prices on a Circulating Supply of 20.801 billion GMM, a 50 billion GMM Maximum Supply, and a 21.756 billion GMM Total Supply. Gamium had a $3.101 million Centralized Exchange (CEX) Volume and a $1.025 million Decentralized Exchange (DEX) volume on 8 March 2023.
Gamium was the 17th most trending cryptocurrency on 7 March 2023. CoinMarketCap reports. CoinMarketCap ranked Gamium the 474th largest cryptocurrency on 8 March 2023.
Meanwhile, CoinGecko ranked Gamium 542nd and gave it a 0.15367₵ Coin Prince on 8 March 2023. CoinGecko gave Gamium a $313.415 million Market Capitalization, and a $4.016 million 24-Hour Trading Volume on 7 March 2023. They base those numbers on a 21.247 million GMM Circulating Supply and a 22.191 million GMM Total Supply.
Although Gamium’s value is theoretical. I think it is a cryptocurrency speculators need to watch because I think there is a real demand for avatars and digital identity, particularly in Gaming.