PRESS RELEASE. Zug, Switzerland, 25th March 2024 – GAIMIN, the world’s leader in delivering GPU-based decentralised data processing services through gaimin.cloud, today announces its GMRX utility token will be listed on cryptocurrency exchanges.
GMRX is a utility token designed to support GAIMIN’s ecosystem, rewarding users for allowing their PC-based GPUs to participate in gaimin.cloud, processing artificial intelligence data, rendering videos and powering blockchain computations.
Introducing GMRX
GAIMIN has established a decentralised, distributed data processing platform, creating the largest world-wide DePIN with over 50,000 active GPUs processing data for artificial intelligence services, video rendering and powering blockchain computations.
Through GAIMIN’s free-to download PC-based app (www.gaimin.gg) a user allows their device to process data in gaimin.cloud, receiving GMRX in return for participation. The amount of GMRX received is determined by the capability and performance of their devices, the level of participation allowed by the user and the fees paid to GAIMIN for the data processing job. GAIMIN returns upto 90% of the fee back to the user, retaining just 10% for operational costs.
GMRX consolidates the payments received into a single cryptocurrency which a user can retain or transact through GAIMIN’s marketplace, or trade via cryptocurrency exchanges. GAIMIN’s GMRX strategy is to create a deflationary token through a number of different policies, such as burning and staking, and incentivising users to retain their token through new services, such as The Colosseum, the fantoken area for GAIMIN’s esports team, Gaimin Gladiators. Fans will be incentivised to acquire GMRX and hold it in return for unique and limited edition merchandise from their favourite players and teams.
Martin Speight, CEO of GAIMIN commented, “Listing of GMRX has been a strategic objective of GAIMIN for a few years. Market conditions are now perfect for a successful launch of GMRX which provides the springboard for GAIMIN to grow its business, and provide tangible returns to all participants in the wider GAIMIN ecosystem”.
Although significant, the listing of GMRX is just one component in the long term strategic objectives of GAIMIN. Eliminating the major barriers to entry for Web3 games, GAIMIN is at the forefront in delivering games built on new and emerging technologies.
Martin concluded “GAIMIN’s strategic business focuses on targeting gamers as users.Our technology expertise, knowledge and partnerships enables us to be at the forefront of gaming technology and services, including the development of the world’s first L2 blockchain dedicated to gaming.”
Integrating publicly listed GMRX into GAIMIN’s Web3 blockchain gaming strategy allows game developers to not only develop the first truly playable Web3 games, but also provides them with a ready made economy for use within their games. GAIMIN is delivering a paradigm shift in Web3 gaming; games developers can focus on game design and gameplay, GAIMIN will deliver the Web3 blockchain backbone and in-game economy.
About GAIMIN
GAIMIN.IO Ltd (GAIMIN) is a UK and Swiss-based gaming company focused on helping the gaming community monetize the computational power of their gaming PC. GAIMIN has created a decentralized data processing network harnessing underutilized processing power typically found in gaming PCs to create a world-wide decentralized data processing network, delivering supercomputer performance.
With a free-to-download PC-based application, GAIMIN monetizes the under utilised performance through innovative approaches to delivering supercomputer-level data processing performance from a world-wide network of independent processing devices which power GAIMIN.CLOUD. Focusing initially on video rendering and AI data processing, with an always available service to power blockchain computations, the GAIMIN data processing network is continuously delivering data processing services and returning rewards back to its user community.
GAIMIN rewards users in its own cryptocurrency, GMRX which can then be used for purchases on the GAIMIN Marketplace for NFTs, in-game assets, accessories, and merchandise, or it can be converted to fiat or a different cryptocurrency.
For more information on GAIMIN click on this link: www.gaimin.io
To download the GAIMIN app, please go to www.gaimin.gg
For up-to-date information, please follow the following GAIMIN social media accounts:
For further information, please contact:
The Americas, Middle East and Australian Pacific – Andrew Faridani, Chief Marketing Officer for GAIMIN (based in Toronto, Canada): andrew@gaimin.io
UK and Europe – Marc Bray, Chief Communications Officer for GAIMIN (based in Manchester, UK): marc@gaimin.io
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Source: Bitcoin
