What is socialize-to-earn Gamium (GMM) crypto? Things to know

April 28, 2022 03:58 AM AEST | By Versha Jain
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  • It is the first Decentralized Social Metaverse that aims to interconnect all metaverses.
  • For using Gamium Metaverse, one needs to have an Avatar. So, users need to mint their Avatars to use its features.
  • The Gamium economy is powered by two tokens. GMM is the governance and exchange token, and the MST token is used as a utility and reward token.

The Gamium (GMM) token gained traction ahead of its "Broadening the Vision" event scheduled at 8:00 pm CET. However, the token was trading 9.91% lower at US$0.009454 at 9:04 am ET on Wednesday.

Gamium's co-founders will explain the company's next steps on the technical and marketing aspects during the event. The company's YouTube channel will also broadcast the online event.  

What is Gamium - The center of the metaverse?

Gamium is a Web3 and Metaverse technology company. It is the first Decentralized Social Metaverse, with a mission to connect all Metaverses. With Web3.0, Gamium unites different virtual worlds through avatars and assets which are multi-metaverse compatible.

The project builds Avatars, a digital identity used across different Web3 and Metaverse applications with unique interoperability. It provides a Decentralized Social Metaverse for anyone to make whatever they want using Gamium SDK, its software development kit.

Avatars are the creators of the Gamium Metaverse. 

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Genesis city is the center of the Gamium world. It has Gamium buildings with unique applications like decentralized chats, DeFi applications, job portals, and 3D calling apps. Outside the Genesis city, there are 10 neighborhoods, with islands and districts, where avatars can live and build anything of their choice.

For using the Gamium Metaverse, one needs to have an Avatar. So, users must mint their Avatars to use its features.  

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The Avatar can access any application on its metaverse in a 3D environment. One can create a community, interact with DeFi apps, build 3D assets, go shopping, have immersive communication with people worldwide, find jobs, and earn money. 

Users get rewards for socializing with other avatars within Gamium.

The Gamium project earns income by customizing avatars, cosmetics, selling land, fees from users’ NFT sales, fees for DeFi transactions and IMO, and advertising. 

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What is socialize-to-earn Gamium (GMM) crypto? Things to knowData Source: coinmarketcap.com

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GMM token:

Two tokens power the Gamium economy. GMM is the governance and exchange token, and another token is MST which is used as a utility and reward token. 

The GMM token has a market capitalization of US$39.22 million. The token has a self-reported circulating supply of 4.17 billion GMM out of the total supply of 4.93 billion. It is available for purchase on MEXC, BitMart, Gate.io, and LBank, among other crypto exchanges.

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Bottom line:

The crypto space is seeing the regular entry of new projects with earning potentials, such as play-to-earn (P2E), move-to-earn, watch-to-earn, etc. Gamium is a socializing-to-earn (S2E) project which allows users through their avatars to monetize social interactions. 

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