GAIMIN Introduces GMRX Token: A Utility Token Powering Decentralized Data Processing

 


GAIMIN has introduced GMRX, a utility token designed to support its ecosystem by rewarding users for allowing their PC-based GPUs to participate in gaimin.cloud. This platform processes artificial intelligence data, renders videos, and powers blockchain computations. GMRX incentivizes users to participate in this decentralized, distributed data processing network, which boasts over 50,000 active GPUs worldwide.


Through GAIMIN's free-to-download PC-based app, users can allow their devices to process data in gaimin.cloud, earning GMRX in return. The amount of GMRX received depends on the capability and performance of their devices, their level of participation, and the fees paid to GAIMIN for the data processing job. GAIMIN returns up to 90% of the fee back to the user, retaining only 10% for operational costs.


GMRX consolidates the payments received into a single cryptocurrency that users can retain, transact through GAIMIN's marketplace, or trade via cryptocurrency exchanges. GAIMIN aims to create a deflationary token through burning and staking, encouraging users to retain their tokens by offering new services such as The Colosseum, a fantoken area for GAIMIN's esports team, Gaimin Gladiators. Fans can acquire and hold GMRX in return for unique merchandise from their favorite players and teams.


Martin Speight, CEO of GAIMIN, stated, "Listing GMRX has been a strategic objective of GAIMIN for a few years. Market conditions are now perfect for a successful launch of GMRX, providing the springboard for GAIMIN to grow its business and provide tangible returns to all participants in the wider GAIMIN ecosystem."


While the listing of GMRX is significant, it is just one component of GAIMIN's long-term strategic objectives. GAIMIN aims to eliminate major barriers to entry for Web3 games and is leading in delivering games built on new and emerging technologies.


GAIMIN's strategic business focuses on targeting gamers as users. The company's technology expertise, knowledge, and partnerships enable it 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 develop truly playable Web3 games and provides them with a ready-made economy for use within their games. GAIMIN is delivering a paradigm shift in Web3 gaming, allowing game developers to focus on game design and gameplay while GAIMIN provides the Web3 blockchain backbone and in-game economy.


About GAIMIN:

GAIMIN.IO Ltd 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 worldwide decentralized data processing network, delivering supercomputer performance.


With a free-to-download PC-based application, GAIMIN monetizes the underutilized performance through innovative approaches to delivering supercomputer-level data processing performance from a worldwide network of independent processing devices powering GAIMIN.CLOUD. The GAIMIN data processing network continuously delivers data processing services and rewards back to its user community in its own cryptocurrency, GMRX, which can be used for purchases on the GAIMIN Marketplace or converted to fiat or other cryptocurrencies.

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