GBM is a new auction system that turns every bid into an opportunity. In a GBM auction, bidders either win the item or earn when they are outbid. It is a win-win system that transforms traditional price discovery into an engaging, incentive-driven experience.
By rewarding participation directly within the auction, GBM attracts more bidders, intensifies competition, achieves better prices and gets to those prices more efficiently. It also makes auctions a more exciting and rewarding experience for everyone involved.
After powering more than 80,000 auctions and generating over 200 million dollars in onchain volume, GBM is now evolving into a fully open protocol. Anyone will be able to launch their own GBM-powered marketplaces without needing to write any code, and every $GBM token holder will share in the value created as the protocol grows.
The Initial Distribution Auction, or IDA, is a new and fairer way to launch tokens using GBM auction technology. We have adapted our proven Win-Win system, which has already powered tens of thousands of NFT auctions, to work for the initial launch of a fungible utility token, in this case, the $GBM token.
In the IDA, you compete for token bundles. Each bundle includes a 12 month soulbound NFT with its own traits and rarity, which also grants the holder the right to claim a set amount of $GBM tokens on distribution day. If you are outbid, you earn rewards instantly. All bundles start at zero and rise through open bidding. As funding targets are met, new waves of bundles are released, so supply grows only as genuine demand increases.
When the auctions close, the weighted average of all winning bids will set the official future GBM listing price. Up to 50 percent of the funds raised will be used to buy and burn GBM tokens from the open market once listed, creating structural demand and longer term alignment between token holders and the protocol.
The IDA is a fairer, more fun, and rewarding way to launch tokens.
We at GBM have spent years building, testing, and refining our Win-Win auction system before deciding to launch a token. Our technology is fully audited, battle-tested, and already operating across more than five different EVM networks.
Our product is live, revenue-generating, and trusted by users from all over the world. More than 7,000 bidders have taken part in over 80,000 GBM auctions, generating more than 200 million dollars in onchain volume and over 6 million dollars in bidder rewards. High-profile participants in previous GBM auctions include Jesse Pollak, founder of Base Network, and Brian Armstrong, founder of Coinbase. We have also run auctions with Gavin Wood and Vitalik Buterin, two of Ethereum’s co-founders.
We have over 30 Web3 clients already using our technology, including Aavegotchi, The Sandbox, Unstoppable Domains, ENS, Decentraland, Songadaymann, Footium, Freename, and Coinage Media.
After several years of live operation and product refinement, we are now evolving from a B2B platform into an open decentralised protocol that is ready to scale!
The GBM token ($GBM) sits at the centre of the GBM Protocol, aligning all participants across the ecosystem including bidders, sellers, partners, and builders. It powers the auction network and captures the value created as adoption grows across markets and applications.
$GBM is designed to reward participation, drive growth, and support the long-term development of the protocol. Its distribution model focuses on fairness, transparency, and alignment between the community and the core contributors shaping the next phase of GBM.
The GBM token ($GBM) is the economic engine of the GBM Protocol. It aligns incentives across all participants in the ecosystem, including builders, bidders, sellers, stakers, and governance contributors.
As the cornerstone of the GBM Auction Protocol, the token is designed to encourage participation, drive adoption of GBM’s auction technology across Web3 and beyond, and foster a loyal community aligned with the protocol’s long-term growth.
Holding, staking, or spending $GBM unlocks access to a range of features and benefits across the protocol, including:
Used to pay publishing fees when deploying a GBM auction house, alongside other accepted currencies.
Projects and communities can choose to accept $GBM tokens as a bidding currency in their auctions.
Holders can stake their $GBM tokens to earn rewards from the protocol’s fee pool, with distributions determined by governance.
Token holders can vote on protocol proposals and help shape GBM’s future development.
Staked token holders who meet certain thresholds can access enhanced outbid incentive rates when bidding in GBM auctions across the protocol.
As the protocol evolves, additional utilities and integrations will continue to expand the role of $GBM across the ecosystem.
GBM is backed by leading investors from across the crypto ecosystem and has been featured in several top-tier industry publications.
We are a full-time team of 10 people and our founders Hugo, Edouard & Guillaume are 3 crypto industry veterans who have been working in the space together for over a decade now with a proven track record of building and scaling real products in the industry.
Before building GBM, we launched Cryptograph, one of the first NFT projects to raise over $500K for charity and sell Vitalik Buterin’s first-ever NFT, and GBM Domains, a platform to tokenise and auction Web2 domain names as NFTs using the GBM Win-Win auction model.
The GBM IDA marks the start of a new era for GBM as we evolve from a proven, revenue-generating B2B software product into a fully open, onchain protocol and ecosystem.
The information presented on this website is provided by GBM Auctions for general informational purposes only. Nothing contained herein constitutes or should be construed as financial, investment, legal, or other professional advice.
Digital assets are speculative and involve a high degree of risk. The functionality, utility, or future value of any tokens or products referenced is not guaranteed and may be subject to change. Prospective participants should conduct their own due diligence and consult independent professional advisers before making any decisions based on the content of this site.
