- In order to facilitate communication between game developers and players, the $GM token will function as a utility asset at the core of the GOMBLE ecosystem.
- Players will be able to utilize $GM to make discounted in-game purchases across all of the platform’s titles.
In preparation for the launch of its Token Generation Event (TGE), Gomble Games, the blockchain division of mobile gaming studio 111%, is getting ready to launch its native token, $GM. In the near future, a number of respected cryptocurrency exchanges (CEXs) and decentralized exchanges (DEXs) will list the GOMBLE native token, which will become available for claim beginning on April 16 at 01:00 UTC.
In order to facilitate communication between game developers and players, the $GM token will function as a utility asset at the core of the GOMBLE ecosystem. Players will be able to utilize $GM to make discounted in-game purchases across all of the platform’s titles. Players may earn $GM via social activities inside the gameplay, such as participating in team-based staking pools that are related to the results of games. GOMBLE’s onchain SQUAD activity data is accessible to builders via the use of $GM, which also facilitates grant-based funding and marketplace sales. Additionally, $GM is necessary for partner onboarding, recurring service fees, and marketing activations.
GOMBLE and the games that are participating in the platform will be responsible for managing the buyback and burn mechanism, which will also play a role in the platform’s viability. Over the course of time, further features and governance capabilities will be implemented in order to promote a paradigm of game development and community participation that is more participatory.
Yzi Labs (Binance Labs), Spartan, Hashed, Shima Capital, and Animoca Brands are among the investment companies who have contributed a total of $10 million to GOMBLE to date. The number of users on the platform exceeds 3.5 million, and there are 2.8 million gamers who are active on a monthly basis. More than one million people have become followers of the company via its many social networks, which include X, Discord, and Telegram.
The recent Launchpool #3 initiative of the platform resulted in an increase in participation on-chain as well as the addition of new users. During the course of the campaign, more than 8.6 million missions were successfully completed, 360 billion SQUAD Coins were deposited, and more than 2.29 million transactions were received. In addition, the platform saw involvement from 653,600 distinct wallets and a volume of onchain transactions that exceeded an amount of $300,000.
Jun Park, Senior Investor of Hashed stated:
“We’re proud to support the launch of its ecosystem and the team. GOMBLE combines deep experience in traditional gaming with a clear understanding of Web3, executing quickly to grow its ecosystem and engage its community.”
Lionel Pek, Investor of The Spartan Group stated:
“GOMBLE represents what Web3 gaming should be. A player-first ecosystem that rewards engagement, social play, and long-term commitment. Its ability to scale from Web2 success to Web3 innovation makes it one of the most promising projects in the space today.”
An Ecosystem Airdrop Campaign has also been announced by GOMBLE in advance of the start of the token launch. The campaign will provide rewards to users across a total of twelve different Web3 projects, some of which are Gods Unchained, SuperChamps, and Seraph. The distribution will be determined by the activity of users and the tokens they own. Here, users may verify whether or not they are eligible.
Individual metrics, such as high scores, rankings, and the amount of time spent in-game, have been the primary emphasis of traditional gaming systems for a very long time. Despite the fact that social factors like collaboration and community building have played a significant part in the way players experience games, these aspects have generally been overlooked or not rewarded.
GOMBLE tackles this shortcoming by creating an on-chain mechanism that records and rewards social engagement. This mechanism includes GOMBLE SQUAD, a dynamic social gaming portal that improves team-based cooperation. The approach used by GOMBLE has been validated by independent research, which reveals that the portal has increased daily retention by 7%, and that new competitive components have increased the average expenditure of paid customers by about 6.7 times than before.
The approach that GOMBLE takes to Web3 gaming is based on well-known design principles while integrating decentralized elements. This strategy was built on the basis of 111%, a mobile gaming studio that has more than 110 million members worldwide. One of the most important aspects of this paradigm is the implementation of Proof of SQUAD (PoSQ), which is a system responsible for documenting and confirming social participation inside games. Players have the ability to represent their efforts in-game beyond their own performance with the help of PoSQ. These contributions may include positions such as team strategists or community organizers. In this way, developers are provided with new tools that enable them to identify a wider variety of user behavior and interaction.
The blockchain division of 111%, which is considered to be one of the most successful casual gaming companies in the world, established Gomble Games. Ten million dollars has been raised by Gomble Games, which has received support from Yzi Labs (Binance Labs), Animoca Brands, Hashed, and Spartan.
Through the use of their extensive expertise in mobile casual gaming, they are developing novel play-to-earn games for the blockchain. Additionally, they are working to establish a significant mobile gaming ecosystem by using the distribution networks of their parent firm and the high-quality games that they have developed.
