GM:FRENS | GM Token Stats + NFT Drop!

in LeoFinance4 months ago

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leofinance.io

GM:FRENS!

The GM token project has been live for 15 days now, and things are definitely getting interesting. The first thing that you'll notice if you head over to Threads is that the #GMFRENS tag is number 2 on trending, just under the Threads tag itself. Not too shabby after the Trending Topics got a refresh, and is going to be updated every 7 days. If you have no idea what I'm talking about, click the link to the GM token project GM:PAPER which explains in detail what the project is.

Basically - GM:FRENS is a cross-blockchain social experiment that I have been wanting to do for some time. You mine GM tokens by using the #GMFRENS tag on Threads, once per day. The whole idea behind the project is to encourage users to use Threads, and interact with one another on a daily basis. Hive is a very active community, and the LeoFinance community is always popping off. My goal with this project is to get every single Hive user to use Threads at least once per day. Outside of that - it's to grow the Threads side of LeoFinance exponentially.

GM:Miner V0.1 NFT Drop

With all that being said, GM is a very weird project, which I promised from the beginning. I've got a deep passion for NFTs and have been wanting to do an NFT prject for a long time, independent of anything else. I'm just not ready for that yet, but the time will come. For now, I decided there need to be a few things in place for GM:FRENS to really take off. Number one - there needs to be a market for it. I've already paid the 1000 WAX fee to create a market for GM on Alcor.exchange, which is the best WAX DEX.

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As you can see, there is no liquidity currently. I've spent a good bit of my own funds to get the project going, and it's time to let the community do some funding for the project. Of course, I told you there would be no sale of the GM token itself, and I'm sticking to that. So my way of raising some funds for the project is to sell GM:Miner NFTs. These are 420 limited edition NFTs that can be staked to mine GM tokens daily. This is the first time I've ever created an NFT collection and a drop on WAX, so it's very basic. Remember - I'm a degen on the internet just like you.

The GM:Miner NFTs will be sold on WAX via a drop NeftyBlocks. They will be on sale from Wednesday 9/28/2022 at 4:20 PM EST to Saturday October 1st at Midnight. Of course, I know everyone doesn't have spare WAX laying around (you can get it on Hive Engine) so I am also offering the option to pay in HBD. GM:Miner V0.1's will be sold for 15 WAX (around $1.10) or 1 HBD paid to the @gmfrens account. You think I'm going to keep these funds? Nah, fam... All funds raised in WAX and HBD are going to be pooled together to create liquidity for the GM/WAX trading pair! Users will be able to instantly swap between WAX and GM on Alcor Exchange!

  • If you want to pay with WAX, just click the drop page and purchase your NFT. It will automatically be delivered to your WAX wallet. There are no limits.
  • If you want to pay with HBD, just send 1 HBD to @gmfrens with the Memo "GM:Miner V0.1 and (your WAX wallet address)". For multiple miner NFT purchases, just send additional HBD and the appropriate amount of miner NFTs will be delivered to your wallet at the end of the sale.
  • All funds raised from GM:Miner V0.1 sales will be used to add liquidity to the market for swapping. This will establish a real-world value for the GM token.

I'll go ahead and say - this is not an investment. If you purchase a GM:Miner V0.1 NFT you are agreeing that this is an experiment and there is no guarantee of any kind of profit. You will be able to stake your NFT in the NFT staking farm (currently in the process of being set up by the end of the week) to earn a daily share of the GM token staking pool. I have not decided on a number of tokens to add to the staking pool yet, but it'll be small until there are more miner NFTs staked. The minimum stake period is 15 days, and the more people that join the pool, the lower the daily GM distribution will be.

GM Stats

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Some stats about GM. Number one, the max supply that can ever be created started at 69,420,000 but has been reduced by 338.1 via burns so far. Every time someone uses the #GMFRENS tag on Threads and does not have a WAX wallet registered, the tokens are mined and burned. To be eligible, you must have your WAX address listed in your Hive profile. We are working on a UI for registration to make this easier, but without funding and technical know how... This is what we have to work with.

  • Total GM token holders - 31
  • Total GM distributed - 1,955.1 GM
  • Total GM burned - 338.1 GM
  • MAX supply 69,419,661.9

Luckily, because Hive is such an amazing place, we have a developer working on automating things and all sorts of cool stuff. The pieces of the GM:FRENS puzzle are starting to fall together as we hack this thing together. It's going to be a long journey to fully automated distribution of GM tokens, if it's even possible. For the time being, it exists as a spreadsheet and my own two eyes/hands handling everything manually. There's people actively mining GM on Threads and it makes me smile every single time I see someone say GM to everyone.

I have a ton of ideas, but Nifty can only do so much. This is the first of many updates that will come to GM:FRENS in the very near future. I have plans for all kinds of cool shit and some use cases for those GM tokens you're mining! Once there's a market established and some value flowing around, it opens the doors for a lot of different things. This project is not about making money. This project is about encouraging engagement and use of Threads. This is why you can only mine it exclusively from the Threads UI.

Conclusion

I have honestly been overwhelmed by the level of support the community has show to my baby of a project. I can't thank you all enough for using the #GMFRENS tag every day and putting a smile on someone's face. That's what this is all about, and seeing everyone say GM (Good Morning) to each other on Threads brings me much joy. This level of engagement didn't really exist before. So now you have a reason to send a pointless Thread, even when you don't have something interesting or cool to share. Say GM to your FRENS with the #gmfrens tag and you'll earn some magic internet money while making someone's day better.

Remember frens, no matter where you are, what you're doing, or what you're going through... It's always a GM somewhere.

stay weird

leofinance.io

Thanks for reading! Much love.

Wanna learn about all kinds of things you can do with the crypto you earn blogging on Hive? Check out my index - Learn Crypto Stuff for some fun educational crypto stuff.

Posted Using LeoFinance Beta

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I just got to see and know about these token. I do like the way of how to mine it and not having any presale. kind of great and would be wise as well. Since in that way no dumping can happen anytime soon.

Although, I have not tried the leo thread yet that much but hopefully will try to engage their more. Now there is an additional motivation to get there as well ;)

Hope the project gets to success. All the best :)

Posted Using LeoFinance Beta

Thanks for your support! Enjoy using Threads!

I am just getting to know about this token.I would love to try it out.

give it a go! you can mine it for free using the #gmfrens tag on Threads

you can also purchase a Miner NFT that mines GM daily!

👇👇👇

https://leofinance.io/threads/@gmfrens/re-leothreads-2xutvm

Posted Using LeoFinance Beta

Best of luck on your project keep me posted

Cool fren, I'm using the Thread and tag and supporting your creative inspiration lol.

Posted Using LeoFinance Beta

Thanks for your support!

Awesome and keep up the good work moving.

Thanks buddy


The rewards earned on this comment will go directly to the people sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.

Wen

Posted Using LeoFinance Beta

The GM:Miner NFTs will be sold on WAX via a drop NeftyBlocks. They will be on sale from Wednesday 9/28/2022 at 4:20 PM EST to Saturday October 1st at Midnight.

Being on LeoFinance for so long, I too was confused when someone gave an actual date.

Posted Using LeoFinance Beta

Thanks for the investment advice.

I will be buying!

PS. Help us out with a threadstorm tutorial on what the hell I am doing on this screen:

Waxy

So I'm buying in NEFTY and not WAX?

What's NEFTY?

Posted Using LeoFinance Beta

Definitely doing a threadstorm in a bit! Click the little arrows to switch it to WAX. That's the currency you pay in. NEFTY is the platform's own token which is a default payment option as well.

Check the @gmfrens account for the threadstorm!

Oh snap NFT time lets go!

Posted Using LeoFinance Beta

LFG! who will hold the most miners?

To be eligible, you must have your WAX address listed in your Hive profile.

Clueless about where in my Hive profile shall I put my WAX address.

Literally anywhere in the description. Check mine for an example

Ok. I replaced my website address with my Wax wallet. Can I start now using the #GMFRENS tag?

Yep! Mining GM with the tag is exclusive to Threads!

Feel free to use it anywhere - once per day on a Thread earns you 6.9 GM

I got it. I will thread now my discovery of my CTP NFT while exploring the use of GMFRENS.

😵💚

Yeah, it has long been buried in my WAX wallet undiscovered not until this time while chatting with you. Clueless me. 🤣

I love the GM token! I think I am going to go with the wax purchase. So you have some liquidity on that side as well :)

Posted Using LeoFinance Beta

Thanks for your support! At the end of the day, all funds raised will be converted back to WAX for the liquidity pool anyway 🚀🚀🚀💚

it's time for the market to decide the value of GM

but remember - 1 GM = 1 GM always

Posted Using LeoFinance Beta

My first #GMFRENS #leothread:

https://leofinance.io/threads/@atma.love/re-leothreads-4l5zga

Some free Hive-engine tokens for you: !PGM !PIZZA !LUV

Want to mine some more crypto? If so, Join #Fractally, start earning $RESPECT
https://genesis.gofractally.com/share/P3y08N-PpNgcxJQh and help to #savetheworld from the #massmurdermachine of corrupt centralised organisations effectively controlled by #thepowersthatshouldntbe!

Sent 0.1 PGM - 0.1 LVL- 1 STARBITS - 0.05 DEC - 15 SBT - 0.1 THG - tokens to @atma.love

remaining commands 14

BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!

The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]

5000 PGM IN STAKE = 2x rewards!

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Discord image.png

Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP

Get potential votes from @ pgm-curator by paying in PGM, here is a guide

I'm a bot, if you want a hand ask @ zottone444


PIZZA!

PIZZA Holders sent $PIZZA tips in this post's comments:
@atma.love(1/15) tipped @l337m45732 (x1)

Learn more at https://hive.pizza.

GM !PIMP

Posted Using LeoFinance Beta


Aw man @summertooth, you are out of PIMP to slap people.
Go Stake some more and increase your PIMP power.
(We will not send this error message for 24 hours).

pimp_logo


Read about some PIMP Shit or Look for the PIMP District

This is really amazing 🤩
So by using the tag you can also earn?
Came through @dreemport

Yep! Once per day you can use the #gmfrens tag on Threads (leofinance.io/threads) and mine 6.9 GM

You must have a WAX wallet address listed in your Hive profile 😵💚

GM:FRENS "THE" Project of 2022¬¬¬

Posted Using LeoFinance Beta

I'll go ahead and say - this is not a great investment. I purchased a GM:Miner V0.1 NFT and I am agreeing that this is an experiment and there is a no full and complete guarantee of any kind of and hella profit all damn day SON.

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Thanks for helping me get set up fren :)

Posted Using LeoFinance Beta

Hahahaha Hella profits yooo lmao

Posted Using LeoFinance Beta

Seriously though thank you for your support and for making me laugh!

Posted Using LeoFinance Beta

Thanks for making Leo Finance goofy & fun! Leo's great, I've learned a ton just reading the discord. Hanging around some of these smart folks has to rub of a bit, right? Nuts & bolts finance is boring af to me though so I kind of zone out sometimes ;)
Threads are a boon to the silly factor on leo and I enjoy what you are doing. I'm enjoying seeing some people's non-financial personalities as well and I like pictures of place folks are in that moment.
I'm not a fan of the "latest post is up" with a link to the post thread though, ZZzzzzzzzz.....

Posted Using LeoFinance Beta

Thank you! This is what it's all about for me. I'm a nerd and I love reading a good post on a crypto topic but.... I'm also super weird and Threads lets me embrace that.

Posted Using LeoFinance Beta

I have mint number 64

I wonder who has mint #69

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;)

Posted Using LeoFinance Beta

ayyyy nice! now go stake it :D

Posted Using LeoFinance Beta

I think this is a good project, crypto and NFT are quite interesting projects to look at. You have presented in detail on this project. Thank you for the information and education