- GMR is the native utility token of GMR Finance, a project for the gaming community.
- The native GMR token is a deflationary BEP20 token from the Binance Smart Chain and was launched with a fixed supply of 1 quadrillion tokens.
- GMR Finance started to bring the gaming community, game developers and content creators on a single platform.
The one-day volume of GMR Finance (GMR) cryptocurrency soared by 5184 per cent and topped the trending charts in Canada as the increasing price of the digital asset took crypto enthusiasts by surprise.
Over the last 24 hours, the price of GMR cryptocurrency catapulted by 222 per cent to US$ 0.0000001942 apiece, according to CoinMarketCap.
What is GMR, and where to buy the GMR crypto?
Also known as Gamer Finance (GMR), the project started to bring the gaming community, game developers and content creators on a single platform through the network's utility token.
GMR is the native utility token, and as per the project's website, this token is built by the gamers and the gamers.
GMR Finance mentions that gaming within the cryptocurrency world is an untapped market, and it could unleash its potential by bringing the gaming community together. With the rise of e-gaming across the globe and non-fungible tokens (NFTs), it seems that the gaming and crypto industry could witness a higher demand for crypto enthusiasts and gamers.
According to the project's whitepaper, taking advantage of the RFI tokenomics, GMR Finance has designed an investor-friendly contract that comprises a redistribution fee on every transaction, which means giving back to the project's community.
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GMR Finance is also building an application for gaming fans that will feature content from partners and an on-platform NFT marketplace. The application would allow fans and creators to tokenise their streaming backcatalogue for sale inside the NFT hub.
The native GMR token is a deflationary BEP20 token from the Binance Smart Chain and was launched with a fixed supply of 1 quadrillion tokens.
Of the 10 per redistribution fees on every transaction, three per cent is burned and transferred to the dead wallet, two per cent is added back to the liquidity pool five per cent is rewarded to GMR token holders.
To buy the GMR token, there are a few top exchanges for trading in this cryptocurrency. If you are interested in the digital asset, you could use BitMart, PancakeSwap, ApeSwap (BSC) and ZT to buy the cryptocurrency.
According to CoinGecko, the cryptocurrency had clocked an all-time high (ATH) of US$ 0.000000873 per token on May 9, 2021. In comparison, the all-time low was US$ 0.000000025312 on June 26, 2021.