Gama Token

GAMA Price

About Gama Token (GAMA)

Gama Token is a utility asset designed to power a decentralized Web3 gaming ecosystem on the XDC Network.

• The token serves as the primary medium for rewards and platform engagement within the GAMA gaming environment.
• It utilizes a deflationary economic model where losing game outcomes result in the permanent removal of tokens from circulation.
• Players can earn rewards by participating in various on-chain games, such as dice and coin flip variants.

What Is Gama Token

Gama Token is the native utility token of the GAMA platform, a decentralized gaming hub built to leverage the high throughput and low latency of the XDC Network. The project aims to create a sustainable gaming economy where value is distributed based on player performance and community participation.

Value moves through the system as players use GAMA to interact with hosted games. The token is put to work as a stake for gaming activities and a vehicle for distributing play-to-earn rewards. As the ecosystem grows and more games are integrated, the demand for the token is intended to scale alongside platform usage. If the platform experiences increased activity, the deflationary burn mechanism is designed to reduce the total supply over time, theoretically increasing the scarcity of the remaining tokens.

What Makes Gama Token Unique

• Deflationary Gaming Model: Unlike many gaming tokens that rely solely on inflation for rewards, GAMA incorporates a burn mechanism that removes tokens from the supply when players lose games.
• Multiplied Rewards: The platform features a reward system that can multiply player winnings, incentivizing skilled gameplay within the ecosystem.
• Community-Driven Integration: New games and features are added to the platform based on community demand and feedback, allowing for an adaptive gaming library.
• XDC Network Foundation: By building on the XDC Network, the project benefits from military-grade security and near-instant transaction finality, which is critical for real-time gaming applications.

What Can You Use Gama Token for?

• Gaming Participation: Users can use GAMA to participate in various decentralized games, including Dice Roll and Flip Coin.
• Earning Rewards: The token is the primary asset distributed to winners of platform games, providing a direct play-to-earn incentive.
• Platform Utility: GAMA acts as the internal currency for the ecosystem, facilitating all transactional activities within the gaming dApp.
• Governance and Feedback: Token holders can participate in the platform's evolution by providing feedback on which games should be developed next.

How Does Gama Token Work?

Gama Token operates using smart contracts on the XDC Network to automate game outcomes and reward distributions. When a player initiates a game, the smart contract manages the bet and determines the result using transparent on-chain logic.

If a player wins, the protocol distributes GAMA rewards directly to their connected Web3 wallet. If a player loses, the tokens involved in the transaction are automatically sent to a burn address, effectively removing them from the total supply. This dual mechanism of reward generation and supply reduction is managed entirely by decentralized code, ensuring fairness and transparency. As an application utility token, all protocol service fees and gaming stakes are handled within the GAMA ecosystem, separate from the underlying network's transaction fees.

Team Info and Investors

The source material does not specify the individual founders or the specific background of the development team. The project is presented as a community-driven initiative within the XDC ecosystem. Information regarding early-stage backing or major institutional investors has not been publicly disclosed in the available documentation.

Where can you buy Gama Token?

GAMA tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade Gama Token is XSwap Protocol V3, where the most active trading pair GAMA/WXDC has a trading volume of $26,425.31 in the last 24 hours. Other popular options include Oku Trade (XDC) and Curve (XDC).

What is the daily trading volume of Gama Token (GAMA)?

The trading volume of Gama Token (GAMA) is $36,113.44 in the last 24 hours, representing a 7.80% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Gama Token (GAMA)?

Gama Token (GAMA) reached an all-time high of $0.8732 and an all-time low of $0.1922. It’s now trading -76.90% below that peak and 4.90% above its lowest price.

What is the market cap of Gama Token (GAMA)?

Market capitalization of Gama Token (GAMA) is $20,148,073 and is ranked #807 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of GAMA tokens (100 Million tokens are tradable on the market today).

What is the fully diluted valuation of Gama Token (GAMA)?

The fully diluted valuation (FDV) of Gama Token (GAMA) is $20,148,073. This is a statistical representation of the maximum market cap, assuming total number of 100 Million ETH tokens are in circulation today.

How does the price performance of Gama Token compare against its peers?

With a price decline of -4.30% in the last 7 days, Gama Token (GAMA) is underperforming the global cryptocurrency market which is down -2.80%, while outperforming when compared to similar Gaming (GameFi) cryptocurrencies which are down -14.30%.