Frequently asked questions around GMEE, answered here.
What is GMEE?
GAMEE token (GMEE) is an ERC-20 fungible utility token launched on the Ethereum blockchain with a bridge to Polygon and Binance Smart Chain. Simply put, a gaming currency on blockchain.
What is the utility of the token?
The GAMEE Token is designed to be the means of access to fun gaming experiences, the purchase of NFTs, and the currency to decide and manage hubs, the land of Arc8. Enabling fun experiences and gaming events for a massive community of players, with one currency at the core, providing access to rewards in tokens and NFTs from partners, sponsors and gaming companies.
The purpose of GAMEE Token is to serve as a medium of action, reward, and incentive that connects multiple game titles on the GAMEE platform.The total supply of GAMEE Tokens is 3,180,000,000 tokens, it is being gradually released as the utility of the token gets deeper (with increased usage inside our gaming platform).
Please follow official announcements by GAMEE or Animoca Brands for more updates.
GAMEE on Polygon versus GAMEE on Ethereum. What is the difference?
GAMEE uses Polygon as Layer 2 scaling solution, to avoid high gas fees incurring on Ethereum.You can still get GMEE on Ethereum on exchanges and use it in our staking events staking.gamee.com, however, for playing Arc8 and purchasing G-Bots, you will need GMEE on Polygon.
GAMEE token has also bridge to Binance Smart Chain. Please note, you need GMEE on Polygon to play Arc8 and purchase G-Bots.
How can I change GMEE on Ethereum for GMEE on Polygon?
How to change GMEE between Ethereum-Polygon-Binance Smart Chain?
We are using Anyswap router to enable seamless movement between different chains, so that our users can come from all ecosystems and take their token to another one. Please read our blog post with an example of bridging to Binance Smart Chain:
GAMEE is focused on casual-style games, mobile-screen first. These games are typically easy to learn and quite challenging to master. We have around 80 games in this genre live already, for our next plans, we aim to take these to a next level, in terms of quality and art.
Do you have any staking rewards for holders?
Yes! Our token staking events are typically rewarding users for adding GMEE token to various liquidity pools. Follow us on social media or check staking.gamee.com to see the current event live.
In case you stake you LP token and do not claim it, no worries, the site will stay there and you can keep you LP token staked until a next event.
What are the ways that GAMEE generates profits/revenue to maintain your project and what is its revenue model ?
GAMEE token is used to pay for entrance fees to skill-based tournaments in Arc8, purchase & upgrading GAMEE NFTs, this revenue is collected in the Treasury, future foundation for community decision-making.
Secondly, GAMEE generates profit from advertising and sharing a percentage of ad revenue back as cash prizes for players in our Prizes App.