It's official, the $GBM IDA goes live on November 24, 2025 and runs for 7 days.
The $GBM IDA site is now live at https://t.co/ETVpa8OuaY
Check out the site to learn more about $GBM's Initial Distribution Auction and how you can earn up to 11% in USDC every time you're outbid!
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
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. 🚀
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
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 ❤️