GM Wagmi price

GM

#4367

Although meme coins are a dime a dozen, GM stands out by its inclusiveness and appeal to all crypto holders across blockchain rivalries. While crypto communities tend to be quite tribal and prioritize the success of “their” blockchain over that of others, the “gm” meme is a unifying factor used by the entire space, which is captured by the GM token.

Its goal is to create a self-sustaining ecosystem and community that is run by a DAO and spreads the message of GM around the globe. In practice, this means:

• Providing each holder with a simple and effective way to get exposure to crypto assets;
• Operating as a community-focused and community-driven decentralized network;
• Bringing positive change through community-driven charitable contributions.

In its roadmap, GM Wagmi sketches how it wants to become a cross-chain asset, despite launching first on Ethereum due to its security and longevity. A GM bridge will open a new user base on a different blockchain to the movement and give the token cross-platform utility, making it more interoperable in the process. Moreover, users could avoid Ethereum’s notoriously high gas fees by operating on a chain like BSC. Currently, the project is in talks with the team that built a bridge for Floki Inu.

Another roadmap goal is a GM decentralized exchange, which would provide a trusted solution to swap tokens to and from GM. In addition, GM would charge listing fees that could contribute to the project’s marketing budget and charity goals.

GM has a total supply of 1 trillion, half of which was burned at launch. The remaining 500 billion GM are in circulation. Initially, each transaction was subject to a 10% tax. 4% of each transaction went to the marketing wallet, 4% was used as Uniswap auto liquidity locking, and 2% was used as reflections.

To comply with U.S. regulations and further the project's growth, the team turned off the 10% tax and converted it into a 1% flat burn tax for all transactions. Doing so prevents liquidations and retains the token’s deflationary dynamic. Since its inception, GM has burned 3% of its total supply in addition to the 50% burned at launch.

GM launched on Ethereum, an unusual choice for a meme coin due to its rather high transaction fees. The team opted for Ethereum because it has the highest user base and is one of the most secure blockchains with a proven track record. In that sense, GM is different from other meme coins that tend to launch on BSC or Polygon.

Ethereum is one of the most popular blockchains and the go-to solution for many decentralized applications. Its proof-of-work consensus mechanism requires miners to mine new Ether and ensures that Ethereum is one of the safest blockchains in the crypto industry. A set of decentralized nodes validates transactions and secures the Ethereum blockchain.

Check out Dogelon Mars (ELON) — an Elon Musk-themed Doge copycat.

Check out Safemoon Inu (SMI) — a meme coin based on Safemoon.

Read our deep dive into GM Wagmi.

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