GBM Auctions (gbm)

The Initial Distribution Auction for $GBM has successfully closed. $520k+ raised. $1.2m+ bidding volume. $40k+ earned by bidders. Congratulations and thank you to everyone who participated in these historic auctions on Base. This is just the beginning...

• 0 replies
• 0 recasts
• 1 reaction

We just witnessed history in the making! Someone just placed a bid for $100,000 USDC on bundle #1 in the $GBM IDA. This whale is currently winning 5m $GBM tokens in this bundle! WOW. https://ida.gbm.auction

• 0 replies
• 0 recasts
• 1 reaction

$GBM IDA bidders experiencing our win-win auctions on Base. Over $37,000 USDC has been earned by bidders. Don't miss the party.

• 0 replies
• 0 recasts
• 0 reactions

I just completed Farcaster Memory in 14 moves on the @atlas frame!

• 0 replies
• 0 recasts
• 9 reactions

Spring feels fully underway in the Southern Hemisphere! My new strawberry patch is looking pretty good. So much more to plant, so much more to grow, so much grass to touch. Hope you have an amazing day ❤️

• 3 replies
• 1 recast
• 11 reactions

Check out this top-tier video from @thrax, which does a fantastic job of explaining why YOU should be using GBM Auctions! "You literally can't lose" You can see more of Thrax's work at his website: https://t.co/bOe7juBQ0q

• 1 reply
• 4 recasts
• 16 reactions

Token sales ARE so back. The issues with existing token launches were clear: unfair access, poor price discovery, extractive systems and misaligned incentives. Coinbase has made some improvements, but it hasn't provided a real fix. The solution is here: The GBM IDA. The IDA is open to EVERYONE = fair access for all New tokens in an IDA start at 0, the price of the token is defined by the market demand = true price discovery. Anyone who participates in an IDA has only two outcomes, earning USDC or winning new tokens = value creation for everyone, not value extraction for the few. Every bid is onchain and most importantly - every participant in an IDA has a win-win experience. This is the way to change token launches so that the onchain experience is positive, fair and engaging - for everyone. @barmstrong.farcaster.eth - you've already used our auction model to bid in Song A Day auctions, so you're familiar with it, but we'd love to chat more about our Initial Distribution Auction (IDA) model!

• 1 reply
• 3 recasts
• 6 reactions