GBM Auctions

@gbm

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145 Followers

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We feel you. ❤️

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3 - 💰 What happens to the final pot? As with any auction, the highest bidder wins the item - that's only fair. But, unlike other auctions, previous bidders are now rewarded for being outbid and incentivized to take part in the price discovery of an asset. The seller benefits from a scenario where bidders want to participate and everyone goes home with something instead of nothing. This is what makes our Win-Win auction model ideal for buyers and sellers. If you'd like to see how it works in practice, check out our simulator 👇 gbm.auction/simulator

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2 - 📊 Breaking it down further Transparency should be key to any auction. Which is why participants can see every important detail during our auctions. All bidding history. The original bids refunded. The incentives earned. Plus the potential incentive before placing a new bid. Everything is stored onchain.  Every bid, every transaction, every outbid incentive earned - visible, verifiable, immutable.

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1 - 🔧 The Auction Mechanics Every GBM auction requires each new bid to be at least 5% higher than the last. When you’re outbid, you get your full bid back, plus an incentive that is paid for from the next bidder’s increase. Example: - Bidder A bids 1 ETH - Bidder B bids 1.05 ETH - Bidder A receives 1 ETH back + a portion of the 0.05 ETH (the incentive) This makes every bid part of a Win-Win economy. To make things as simple as possible, your refund and your incentive are paid in the same cryptocurrency you are bidding with. To see how these calculations work, you can use our auction simulator, link at the end of the thread... so keep reading 👀

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Auctions shouldn't just be about the final bid, everyone who participates should benefit. That is why GBM Auctions rewards bidders, empowers creators and promotes fairness to onchain commerce. We've built a system where sellers win, buyers win, and bidders win. GBM incentivises participation. Let’s simulate it 👇

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We are at the NFC summit in Lisbon, Portugal today! Catching up with old friends, making new connections and checking out the latest Web3 Pop Culture.

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🚨 Something big is coming to @base 🚨 The rebrand is live but there is BIG NEWS coming soon. Maybe you'll be getting an airdrop, maybe you'll be getting an opportunity for unlimited Win-Win situations, maybe you'll be part of redefining the auction standard... Want early access to this news? → Explore: web3.gbm.auction → Join: https://discord.com/invite/gbmauction

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In a GBM auction, everybody wins and nobody walks away empty handed. Our Win-Win model ensures that even if you’re outbid, you'll get your bid back, plus an added incentive for bidding in the first place. The next generation of auction is here and it's fair, fun and rewarding.

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🤔 Why GBM? Traditional auctions have their drawbacks, often caused by a lack of participation which can cause issues with market pricing. Despite this, auctions are still the best way to connect buyers and sellers. But they could be better. With GBM Auctions, everybody wins: → Sellers win → Buyers win → Bidders win Driven by participation, powered by protocol, and embedded in the future of onchain markets.

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🖌️ A refined look for redefining the auction standard We know that our auction model is innovative and exciting, but our Web3 branding needed a refresh. So, we dug deep and worked from the ground up: - New UX - Modern UI - Refreshed content We've kept things premium, yet playful. Fun, as well as functional.

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The new standard for onchain auctions is here. And it has a brand new look. Say 'hello' to our modern, bold and meaningful brand refresh: a playful colour palette of geometric forms symbolising inclusion, collaboration and convergence. This isn't just a new lick of paint, this is an overhaul. New look. New tech. New era of value distribution. Let’s dive in 👇

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@nibel is an absolute legend. ❤️

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https://medium.com/gbm-auction/the-sandbox-launches-their-next-round-of-bid-to-earn-auctions-677e7ee72cc0 Another opportunity to earn as The Sandbox launch GBM Auctions for their latest 'Adventure World: The WildLands' release. Earn $SAND or win LAND. Bid-to-Earn auctions make this a win-win!

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Did you attend Farcon 2025? How did you find the event?

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GM to our fellow based builders! Hope you have a productive, fun and healthy week ahead. What are you working on this week?

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Who is at Token2049 this week? Looking forward to meeting our fellow builders at this event!

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Coin EVERYTHING Squishy aka Chonky is cute af btw.

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I look slightly too happy in this picture hahaha Was a genuine pleasure to chat and connect with you! Bring back the 🏴‍☠️ life :D Here is a picture of the Moa bird we were talking about. RIP.

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Who else is attending the EthCC conference in Cannes? We'll be there and would love to connect with fellow builders who are going to be there!

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ChatGPT does it for free though?

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