Gamer (GMR) is a blockchain project launched in May 2021 that aims to create a full-fledged GameFi ecosystem. Built on the BNB Chain, the project offers users a “Play-to-Earn” game called “Battle Leet” where they can passively earn GMR tokens. GMR is the project’s native cryptocurrency and uses the BEP-20 contract.
In addition to the game, the platform provides users access to a variety of additional features, such as an NFT Hub and a social network. Content creators can create NFTs, graphics, videos, etc., using the project’s development tools. According to the whitepaper, the project aims to bring together players, content creators, and game developers on a single platform using the native GMR token. In this Zatrun.com article, you can find out what Gamer is, how it works, and on which exchange GMR tokens are listed.
What is Gamer (GMR)?
The BNB Chain-based Gamer ecosystem revolves around its core game, Battle Leet, a 3D game where players witness battles between unique NFT-based “Leets,” or fighting robots. By entering the arena with a Leet, users can fight other players and earn rewards in the form of cryptocurrency. Additionally, users can enhance their main character with “Droids,” small element-based robots. The game also offers Leet Chests that can be purchased with money, from which three different NFT-based assets can be obtained.
Meanwhile, there is also a 10,000-piece NFT collection called NFL (Non-Fungible Leet) available in the game. Each NFL represents a battle robot registered on the blockchain, and each robot has different characteristics. Furthermore, the robots can be customised with various accessories. In addition to the game, the project offers various development tools for content creators. With these tools, creators can design their own NFTs and offer them for sale on the platform’s market.
How Does Gamer Work?
Gamer (GMR) aims to provide users with a complete GameFi experience. This is made possible through the game launched in the market, where you can earn money by defeating your competitors. Additionally, with development tools, you can create and sell your own NFTs. NFT sales are made with BNB payment. BNB is the native cryptocurrency of the BNB Chain and is based on the Binance exchange. In addition to creating NFTs, the project has a social media platform. On this forum-like platform, you can watch the broadcasts of your favourite players.
The project was originally released as GMR Finance but later rebranded as Gamer. In addition to social and game-based products, the platform also offers some DeFi services such as staking. If you plan to play the Battle Leet game, you need to sign up for the platform through the project’s website. Then, you should purchase a battle robot from the NFL market and install the game on your computer. This way, you can start enhancing your Leets and defeating your competitors by entering the game.
What is GMR? Is It a Good Investment?
GMR Token is a BEP-20 token created using OpenZeppelin standards and distributed on the BNB Chain. According to the project’s website, the cryptocurrency’s smart contract was designed with the future in mind and to allow for seamless inter-chain functionality. The roadmap shows that the cryptocurrency will become available for use on Ethereum, Cosmos, and Kronos blockchains in the future. The cryptocurrency used in the gamer ecosystem has use cases such as NFT trading, staking, and governance.
Users can access content development tools through GMR Token. Additionally, they can sell their own NFTs and receive payment with this cryptocurrency. Therefore, GMR Token holds a significant place in the gaming economy. All NFTs, including Battle Leets and Droids, are purchased with BNB and GMR. Additionally, the token can be staked as a building block for GameFi. Users who stake their tokens earn passive income. Finally, the cryptocurrency ensures the platform’s decentralisation, allowing token holders to join the platform’s governance community if they wish.
Finding information about GMR Token was quite difficult. The project’s whitepaper was complex. As a result, it seems quite challenging for new investors to access and understand the project. However, since its launch, the project has been losing value. GMR Token, which initially traded at $0.19, is now valued at $0.009. Additionally, the project has dropped to the 4279th position on CoinMarketCap. Currently, there are many Play-to-Earn game tokens in the market, and Gamer needs to further develop itself to compete.
