Just been skipping over the questions that have been covered already, as well as any FUD/trolls. This isn't a two week pump and dump like the rest of these coins coming out, things are moving forward just fine but they do take time. Please continue to check the spreadsheet which has been updated daily with trades, as well as tokens that have been burned.
https://docs.google.com/spreadsheets/d/1unCcQPa-_u34gZ0oKwWoIG6F_CbP0umK1x3tN2-qHAI/We have just created a Slack channel for GAM to offer a more-direct communication platform for everyone. Please private message your email address or send it via a direct message on Twitter (
@GambitCrypto) to receive an invite. [All are welcome]
For the immediate future, we will be continuing to add interested traders to fill the remaining open spots in the ladder, since this will offer a stronger sample for the top 10 that will be competing for BTC. As always, if you have any nominations or think you can compete, let's get in touch. Trading data is starting to come in, although quite a bit slower than originally planned with how dead the crypto markets have been. There is also the factor that a few people are only reporting their best calls, rather than all of them, which was to be expected. We're already actively going reaching out to more forex-exclusive traders to balance this out. We are also going to be bringing in more traders who already post all of their positions publicly on Tradingview, their websites, or twitter. We feel these individuals shuld have an easy time assimilating into this community.
Moving forward, we will be using the Twitter account for posting updates on the burn address, as well as when trades are completed.The biggest concern so far has been that there were no exact dates set for when the real BTC trading begins. We have been going with the slow and steady approach of paper trades, because the more trader performance data we have, the better the chances that the majority of trades will be profitable in the future. With that being said, I understand the concerns with how slow the cryptocurrency markets/trades have been as of late. The original idea was to wait until 10 traders were selected, but instead what we can do is just assign low BTC amounts at first and expand that way. Everyone should expect that with real BTC instantly on the line, the list may be quite volatile for the first few trades, but this should offer a happy-medium for everyone involved. Between bringing on more traders who are out of the cryptocurrency industry, and slowly ramping up the real btc trades,
we can plan on starting the real trading as early as next week.As of this morning, there have been 3853.2769 tokens burned (in addition to the unsold crowdfund ones). With 937.8 tokens generated via Proof of Stake, this means that there are effectively 2915.47503 fewer GAM than were available in the initial crowdfund. More information is on the spreadsheet listed above.
To reiterate, the long-term end-game goal of Gambit is to have as many outside revenue sources as possible that may bring in new BTC as Gambit buy support. All tokens that are purchased are permanently burned, effectively combating PoS inflation and helping to potentially increase the rarity of Gambit. I would recommend messaging us your email account so we can invite you to the Slack channel where discussions are easier and more direct. Lastly, bookmark the spreadsheet.
awesome update, thanks dev. keep GAM going strong, value should only increase with a bit more time. this place is a toxic shithole of FUD so just clean up the thread when needed.
