Gomble Games, the blockchain branch of mobile gaming studio 111 percent also known as 111%, is preparing for the launch of its native GM token, as detailed out to Finbold on Tuesday, April 15.
The GM token generation event (TGE) will begin on April 16, 1 AM UTC, with listings on major centralized (CEX) and decentralized exchanges (DEX) following shortly after.
Gombel’s GM token
More than just a cryptocurrency, the GM token is expected to bring players and blockchain developers on GOMBLE’s ecosystem closer together by offering benefits to each group.
For example, it offers discounts on in-game purchases and unlocks rewards for players through mechanics such as teaming up in staking pools that hinge on in-game performance.
Likewise, the token serves as a utility key for developers, giving them access to player data through GOMBLE’s on-chain SQUAD system, funding opportunities, marketplace transactions, etc.
A buyback-and-burn mechanism will also be implemented to help manage the token supply and ensure its longevity.
To further empower the community and encourage participation, governance features and new utilities have been announced for the near future.
GOMBLE Ecosystem Airdrop
To mark the GM token launch, GOMBLE has announced an Ecosystem Airdrop Campaign.
The initiative spans 12 Web3 projects and offers rewards distributed based on user activity and token holdings.
GOMBLE’s Proof of SQUAD (PoSQ) model will track and validate collaborative play and social dynamics.
This approach, according to independent research, boosts daily retention by 7% and increases spending among paying users nearly 7x.
The growth of the GOMBLE ecosystem
GOMBLE has been gaining a lot of momentum with $10 million in funding from backers like Yzi Labs, Hashed, Spartan, Shima Capital, and Animoca Brands.
The platform now also boasts over 3.5 million users (2.8 million active each month) and more than a million followers on X, Discord, and Telegram.
In addition, the platform’s Launchpool #3 Campaign saw 8.6 million missions completed, 360 billion SQUAD Coins deposited, over 653,000 unique wallets joining in, and around 2.29 million transactions ($300,000 in volume).
