After Day 3 of the $GBM IDA on @base
2234 bids placed.
$380,000+ USDC raised.
$31,600+ USDC earned by bidders.
Ready for an exciting weekend of bidding?
Experience a better way to launch a new token:
https://t.co/ETVpa8NWlq
There are now 24 hours remaining in the $GBM IDA.
If you want to own a piece of the GBM Auction Protocol, and to benefit as it grows - this is your last day to bid!
Win $GBM or earn $USDC.
Experience the win-win token sale where everybody wins!
https://t.co/ETVpa8OuaY
In case you missed it... the @TheSandboxDAO community voted with an overwhelming 'YES' in SIP-36
This approved proposal will enable LAND owners to bundle and auction their Estates via GBM Auctions!
Another milestone in our long-standing partnership with @TheSandboxGame ❤️
We love win-win moments, so we’ll be running the 'SuperFest 2.0' event for the first 24 hours of the $GBM IDA
Every bid = 1 raffle entry
Multiple bids = multiple entries
With a $10k prizepool and DOUBLE XP from all bidding activity, you won't want to miss out on SuperFest 2.0!
Here's my free Bid 2 Earn tutorial for the @GBMauction IDA
I will be heavily bidding in the $GBM auctions on @base on the 24th of November
Think it could get quite exciting and potentially be a new meta especially with current market conditions
Increases chances of crazy attention once people find out they can earn $ just from getting outbid
Had an awesome conversation with @hnmcdonaugh from @GBMauction, where he broke down how they’ve built a true win-win auction model for:
📈 Traders
🖼️ NFT collectors
💰 DeFi enthusiasts
👥 And anyone participating in onchain capital markets
GBM’s design serves both sides of the market: People looking to acquire assets and those looking to sell them.
Whether you’re a bidder or a seller, you walk away with some form of value ✅
After Day 1 of the $GBM IDA on @base
1900+ bids placed.
$350,000+ USDC raised.
$27,000+ USDC earned by bidders.
We'd love for you to take part or show your support!
https://t.co/ETVpa8OuaY
Just 5 hours remaining to join SuperFest 2.0.
Every bid placed during SuperFest 2.0 = one entry into our raffle with a prize pool of $10,000 USDC 💰
All bidding activity also earns you DOUBLE XP for the $GBM Auction Festival Airdrop!
Join now: https://t.co/ETVpa8OuaY
Big shoutout to our friends at @GBMauction as they roll out their biggest auction event yet ⚡️
We’re proud to keep building together 🤝
Also $SAND holders, you’ll want to keep an eye out 👀Special quests and prizes headed your way soon 🤑
The $GBM Initial Distribution Auction is LIVE on @base
Bid to win $GBM token bundles or earn up to 10% in USDC every time you get outbid.
Experience a new kind of token launch where everybody wins!
https://t.co/HcPhN8VuBX
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.
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 👇
🧠 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
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!
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. 🚀
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