Gambit ($GAMBIT)

About Gambit Project

Gambit IDO – A Beginner’s Guide Gambit Overview

Gambit is a new crypto project. Gambit is centered around prediction markets and betting. On Gambit, users can bet on sports, politics, crypto prices, business news, and even pop culture.

What is unique to Gambit is that it’s based on blockchain. That results in bets being processed by smart contracts, i.e., code that operates according to rules without human intervention. That makes Gambit more fair and trustworthy.

Gambit IDO stands for the token sale during which initial customers were able to acquire the Gambit token prior to its general availability.

How Gambit Will Improve the Crypto Space
Gambit is trying to change how online betting works. Here are a few ways it helps the crypto space:

Fairness – Results are clear because they come from smart contracts, not a company that can change them.

Openness – Anyone can check how it works, so there’s more trust.

Access – People in many parts of the world can join (if their local rules allow).

More Options – Gambit opens up new markets, not only sports but also tech, politics, or cryptocurrency events.

Transparency – Data remain on blockchain, so nobody can covertly manipulate them.

Gambit Unique Features
Gambit is not yet another gambling app. It has some special components:

Various market types – Sports, politics, crypto, business, etc.

Decentralized architecture – Smart contracts operate the system, not some company.

Improved security – Your wagers and outcomes are secured on blockchain.

User interface – Dashboards and leaderboards enable players to track their wagers and monitor trends.

This combination of functionalities distinguishes Gambit from other platforms.

Gambit Roadmap
The roadmap indicates how a project intends to expand. For Gambit, information is scarce, but the following is what’s available:

Gambit hosted its IDO in August 2024.

It intends to expand its betting markets across sports, crypto, and other worldly events.

Token vesting ensures tokens release gradually over time, preventing price crashes.

Some details remain uncertain, such as when new features or governance utilities will arrive. But Gambit has already proven steps by raising funds and launching its token.

Gambit Whitepaper
All crypto projects release a whitepaper describing their concept. Gambit’s whitepaper is not entirely open, but sections of it are disseminated via token sale websites.

Based on what is available, the whitepaper appears to detail:

How the markets are formed and operated by smart contracts.

The token mechanism, supply, and vesting.

Decentralized betting vision.

A complete whitepaper would be of more use to investors, but at least tokenomics information is available.

Gambit Tokenomics
Tokenomics illustrates the distribution and management of tokens. Here’s what we currently know about Gambit’s token (GAMBIT):

Total Supply – 600 million tokens.

Public Sale Share – Approximately 9.66% (57.96 million tokens).

Vesting – 10% released on token launch, followed by a 1-month break, and the balance distributed over 18 months.

Value – On IDO, tokens cost approximately $0.0294 per token.

FDV (Future Value) – Approximately $17.6 million at maximum supply.

These figures are important because they indicate how much of the token is available currently and how much is to be released later.

Gambit Team Details
Currently, Gambit has not revealed too much information about its team. There aren’t any public names or bios available on the website. This makes it more difficult for individuals to judge the experience or trust involved in the project.

Gambit Fundraised
From public records, Gambit raised approximately $1.62 million in its IDO and previous rounds. The public sale raised approximately $1.44 million.

This fund is probably being utilized to develop the platform, introduce markets, and scale the project.

Gambit IDO Details
Here’s a straightforward overview of the Gambit IDO:

Start Date – August 10, 2024

End Date – August 18, 2024

Goal – Approximately $1.44 million raised

Tokens Sold – 48.96 million tokens

Token Price – $0.0294 each

Accepted Currency – Primarily USDT

Launchpads – Points towards GemPad and KingdomStarter

This was the initial time when public purchasers were able to receive GAMBIT tokens.

Buying Gambit ido Tokens
If Gambit ever conducts another Gambit IDO or sale, here’s how you might participate:

Read project information – Visit Gambit’s website and any new whitepaper.

Verify laws in your region – Ensure crypto IDOs are permitted where you reside.

Set up a wallet – Utilize a wallet that accommodates the token’s blockchain.

Purchase stablecoins (such as USDT) – Most transactions employ these.

Sign up on the launchpad – Some require sign-up and KYC.

Participate in the sale – Transfer USDT and receive Gambit tokens at the predetermined price.

Wait for vesting – You will receive some tokens immediately and the remainder over time.

Monitor tokens – After listing, you can trade or hold.

Conclusion & Disclaimer
Gambit IDO is a venture that wishes to introduce betting to blockchain. Already, it has conducted its Gambit IDO, selling millions of its tokens to initial purchasers. With smart contracts, multiple markets, and vesting tokenomics, Gambit seeks to introduce fairness and transparency to online betting.

There are, however, loopholes. The details of the team and the roadmap are not well established, and the whitepaper is restrictive. That implies risk.

Warning: This is a learning article only. Crypto and Gambit IDOs are risky. Always Do Your Own Research (DYOR) prior to investing. Never invest money that you cannot afford to lose.