Great to see @brian_armstrong spotlighting token launches, but the next evolution is already here: IDAs (Initial Distribution Auctions).
@GBMauction’s IDA model rewards people directly for aiding in price discovery. As a participant you either win tokens or you get outbid and earn an instant return for helping establish the fair market price.
Auctions start at $0, so everyone gets the same chance to get in at the ground floor (not just VCs), following an open, market driven process. No more extraction - only rewards.
Everybody wins in an IDA!
We’ll be showcasing this with the $GBM token launch on the 24 November on @base to show the world what the future of token launches really looks like. 🚀
XP is the key to earning your $GBM airdrop.
You can get XP in two ways:
Participate in auctions during the GBM Auction Festival: https://t.co/XXfIAnfZ3x
Join our Zealy community and complete quests: https://t.co/YmLP5qIdyg
Start earning before its too late!
The season of winning is underway, and this is your guide to participation🎪
By the end of this thread, you will be one step closer to maximising your $GBM rewards 👇
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.
How does the IDA provide a better solution than the new Coinbase token sales?
I'm glad you asked 😃
The IDA is open to EVERYONE, not just a list of specific users that are deemed 'loyal' = 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.
Bidding in an IDA is not only rewarding, but with a built-in Buy&Burn fund, you're actively contributing to the long term structural demand for the token = aligned incentives for every participant at every level.
Every bid is onchain, every piece of information is available, every bid affects the token price and most importantly for us - 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.
We don't believe that changing the token launch model so that it rewards a different group of people based on your own rules and definitions is the way forward.
@brian_armstrong - you've already used our auction model to bid in @songadaymann's auctions, so you're familiar with it, but we'd love to chat more about our Initial Distribution Auction (IDA) model!
The $GBM IDA begins on the 24th November, so if you're reading this, you can experience it for yourself soon.
🧠 What are GBM Auctions?
If you’ve been around the block, you'll know winning is rare. A guaranteed win? Even rarer.
So, how does our Win-Win model work?
- Incentives are set by the seller, fully onchain.
- Outbid? Outstanding. Get your full bid back, plus earn an incentive.
- Designed to reward every participant, not just the highest bidder.
Start exploring the new auction standard 👇
https://t.co/xQOgDoHxs9
Seems people like our new PFP.
While we have your attention, how about an event code for the @mini_cto airdrop on Penguinbase?
If we get 200 RTs on this post within 24H, we’ll drop a mega event code for our $CTC holders.
Click click click 👇
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After successfully completing the DeShare Public Testing, the ultimate pre-TGE airdrop journey has begun.
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I just finished "FriendlyGiant.Agent and ISPOverse Quiz" in the @ispolink Airdrop campaign and earned 2000 points.
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In case you missed the news 👇
$13.5M raise led by @BITKRAFTVC
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