What is Gambit (GAM)?
Future of GAM Cryptocurrency and know how to buy GAM

#1 - What is Gambit

Gambit is one of the old cryptocurrencies that is attracting crypto enthusiasts because of its increasing usability for crypto traders. The coin is gaining traction because it stands among the top 10 affiliates for numerous cryptocurrency exchanges and brokers.

Gambit: The Basics

  1. Gambit is a platform that provides a combination of cryptocurrency trading, hedging and asset acquisitions.
  2. It was launched on 6 May 2015. The Gambit cryptocurrency is denoted by the symbol GAM. Initially its total supply was 2.5 million GAM.
  3. Gambit coin is the utility token for buying Gambit’s products and services like charting and trading tools, analysis, etc.

Gambit Development

  1. Dimaggio Company (DBA GambitCrypto), a private trading group based in Seychelles owns the Gambit platform. The group is active on chat-room 24*7, trading bots, technical charting and analysis and also posts specially designed trading signals.
  2. In 2017 Gambit forked out of its own blockchain to run on Ethereum classic as an ERC token. It used proof of Concept until July 2017 & then moved to Proof of Stake.
  3. Traders, miners, developers, designers, programmers, charterers, etc. form the Gambit community. They first raise a starting fee of about 0.75 Bitcoins after which they gain access to all views of Gambit Proprietary Trading for their lifetime.
  4. The Gambit development team claims to be curating an extensive online course to teach the basics of financial analysis. It will also give voting rights in future for upgradations of the platform and products.

 

#2 - Gambit Transaction Mechanism

  1. The profits from trading other cryptocurrencies by the members of the Gambit Private Trading Group are used to buy Gambit coins with the profits after which those coins are destroyed/ burned.
  2. Gambit community completely destroys the coins that are acquired from the development, financing and acquisition of assets. This is done through Proof of Burn. So, the total supply of Gambit coin will decrease over time. These coins are sent to a black hole address where they will not be accessible & hence, be destroyed.

Features

  1. Gambit platform users can avail of special discounts on trading fees & also get commission from Gambit by signing up on the platform. This maintains liquidity in the network & also pays for the development of new trading instruments for all.
  2. The trading groups are provided with a platform to discuss upcoming coins, price movements, charts, ideas, trade signals, current news, crowdsales, etc.
  3. Users can also customize bots & indicators for better analysis. The platform is regularly developing & adding new bots & indicators for improving user experience. The cost of additional indicators is charged over & above the 0.72 BTC membership fee.
  4. Gambit simplifies trading & can increase profits as it provides its members with trade setups that have unique & customizable trading tools, indicators, buy/sell signals, bots, strategies, etc.

 

#3 - How to Buy and Store Gambit?

How to buy Gambit/ How to buy GAM

GAM coin is available to trade on a few exchanges like HitBTC, EtherDelta, etc. But it can get difficult to get the best price for your transactions. This is where CoinSwitch steps in.

  1. While cryptocurrency exchanges provide you with a platform to buy or sell the GAM cryptocurrency, CoinSwitch, the largest cryptocurrency conversion platform, comes in to help you make the right decision by providing the prices for GAM. This way you can choose the best deal for you!
  2. You can also buy, sell and trade over 300 cryptocurrencies for the GAM crypto. It offers interchangeability and unified experience for all cryptocurrencies with a wide offering from all major exchanges.

Gambit Storage

Gambit is an ERC-20 token, which means it is supported by any Ethereum wallet natively. Following wallets can be used to store GAM coins :

  • MyEtherWallet
  • MetaMask

 

#4 - What is the future of Gambit?

Also Read: Complete Analysis of Gambit | Live Gambit (GAM) Price Charts And Predictions

  1. As of July 2018, its market capitalisation stands at $11.5 million.
  2. The coin has been increasing at a fairly constant rate & its total supply is reducing gradually. So, some analysts are suggesting that it will emerge as a prominent utility token which people would want to hold. Priced at around $7 in October 2017, it rose with rapid pace to touch over $33 in January ’18.

Price History

Date

Open

High

Low

Close

Volume

Market Cap

Jul 01, 2018

4.77

5.01

4.55

4.77

356

5,726,017

Jun 01, 2018

6.15

6.57

6.08

6.56

5,331

7,387,242

May 01, 2018

9.27

9.28

8.87

9.28

2,726

11,125,511

Apr 01, 2018

6.31

6.37

5.66

5.93

1,024

7,576,411

 

#5 - How is Gambit different from other cryptocurrencies?

  1. Gambit being a popular affiliate of multiple cryptocurrency exchanges and brokers, has seasoned crypto investors onboard who share their unique & personal charts and other relevant information which can be exclusively accessed on Gambit platform. This content is updated everyday on the platform.
  2. Gambit members also get exclusive discounts of up to 60% on popular ICOs, a discount that gives Gambit an edge over other retailers.
  3. The coin does not perform proof of deposit anymore. This means that effectively inflation rate can be reduced to 0%. Hence, more funds will be available for the development of the platform and exchange liquidity.

 

#6 - Should you invest in Gambit/ invest in GAM?

  1. Gambit may be an interesting option for new crypto buyers who lack basis technical expertise as they get to interact with professional traders & analysts who share their knowledge exclusively on Gambit. Trading ideas may be used by investors to get the best out of their investments in any cryptocurrency.
  2. Gambit provides exclusive information about gaming, altcoins, domains, etc. This should encourage more investors from all segments to put their money in the coin to get real experiences, ideas & latest trend developments.
  3. In the long-term, Gambit could serve as a rare self-funded trading token with an ever-diminishing supply & ability to sustain a negative inflation rate. The decrease in supply & an increase in demand can increase its price and lure more investors to adopt GAM coins.
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