GMR Finance (GMR) a BSC Moonshot?

24 Hour Trading Vol of $32,233,085 is a good start for a token only a couple days old. DeFi + NFT's + Gaming = Potential BSC moonshot?

"A moonshot, in a technology context, is an ambitious, exploratory and ground-breaking project undertaken without any expectation of near-term profitability or benefit and also, perhaps, without a full investigation of potential risks and benefits." -techtarget.com

Came across GMR Finance this morning scanning through BSC moonshot posts, and probably just lost a few dollars acquiring a small bag.

Combine DeFi, NFT's, Gaming and a solid dose of greed and speculation and I'm probably going to be a sucker for that 9/10 times, it is what it is.

Contract Address: 0x0523215DCafbF4E4aA92117d13C6985a3BeF27D7

GMR Finance

Right now GMR Finance is essentially a website with a road map, an audited smart contract on BSC, and a token barley 24 hours old with $300M in trading volume through Pancakeswap.

GMR is another Fair Launch token, a process that can be described as simply having a publicly announced launch without any form of pre-mine.

GMR Finance Roadmap Features

I did read through the brief read map and smart contract audits shortly after buying a small bag. A few things that I liked the sounds of include..

Earn GMR passively by holding (10% fee redistributed: 5% to holders, 3% burn, 2% to LP).
Future staking through LP's
Gamer Vault (what may amount to social media profiles for content creators).
NFT creation platform.

Things I did not like:

"Ensure trust in the team as they have notable control in the ecosystem and control the burn wallet. We advise renouncing ownership after a successful launch".

This a note from one of their two security audits, and an important one that should remind us that a project like this could go south real quick and still requires a level of trust.

GMR Finance - Live AMA - 07th May 2021

The CEO did a live AMA just recently and will apparently continue to appear on their twitch channel for regular updates in the future. You can catch the AMA below..

https://www.youtube.com/watch?v=cthBHRup1fc

High Risk

It's high risk, it's a moonshot and maybe not even a good one. It's also a very small amount of money so I'll chalk this one up to some Saturday morning entertainment and let the rest work itself out.

Have an awesome weekend wherever you are👊