Gambit price is $0.37713900
The current price of the Gambit (GMT) is $ 0.37713900, with a 24-hour trading volume of 61.7. The price has increased by +0.00% in the last 24 hours.
Gambit (GMT) is fundamentally a protocol designed for creating interest-generating stablecoins which are backed by leverage. The GMT token operates as the governance token, and is used to manage the distribution of the protocol’s fees. These fees are generated from multiple sources within the protocol, including minting and burning gUSD, opening and closing positions, as well as from funding rates.
More precise information about the creators of Gambit might not be openly available, but it's developed and managed by a team of blockchain and finance experts who strive to provide functionalities like interest-generating stablecoins backed by leverage.
Gambit functions by using its GMT token for different purposes within its protocol. When users of the protocol carry out actions like minting or burning of gUSD, opening or closing positions, or changes in funding rates, fees are generated. These fees are then managed and distributed by the GMT token. This token also has a governance role, giving holders the power to propose and vote on changes to the protocol.
Gambit is unique as it merges the world of stablecoins and leveraged trading. It's a protocol that generates interest on stablecoins, which is something not commonly seen in the crypto world. Furthermore, the leverage backing for the generated stablecoins provides a level of financial backing that can enhance the stability and value of the stablecoin, thereby potentially offering more security to the users.
Security for assets like Gambit should always be top priority. While the best practices for security can vary, generally it is a good idea to keep your GMT tokens in a secure and reliable wallet. It could be a hardware wallet, software wallet or even a paper wallet depending on your preference and resource availability. Always make sure to enable maximum security features like two-factor authentication, encrypted backups, and biometric protections.
The current circulating supply of Gambit (GMT) is 0.4M tokens. It's important to understand that the maximum total supply of these tokens is 0.4M. As more tokens are minted or burned, the circulating supply could change accordingly.
As a governance token for Gambit protocol, GMT's primary use is in managing distribution of the protocol's fees. Additionally, holding GMT tokens gives owners the right to propose and vote on changes to the protocol. In a broader sense, GMT also serves as a catalyst for interacting with and benefitting from the Gambit protocol's unique system of generating interest on stablecoins backed by leverage.
Gambit (GMT) can be purchased on the following exchanges: Bittrex, CoinExchange. Remember that it's incredibly important to do thorough research before purchasing any crypto asset, and only buy through secure and reliable platforms.
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