GAMB - ICO Review

Industry: finance


Decentralized marketplace GAMB, which means Global Alliance of Merchants on the Blockchain, is an ICO started in 2018 in Malta. The main idea of this marketplace is that the rules will be defined by token holders, or Merchant Alliance members, which will guarantee transparency, trust and sustainability. The idea of the project is to reduce centralization of economic power by the leading tech companies, which allows them to dictate prices and terms and actually subordinate most online vendors throughout the world.

Being a native platform token, GAMB empowers vendors to control their decentralized marketplace by voting on platform improvement proposals with the help of the GMB token, eventually all decision power handed over to token owners. Gambio marketplace combines execution power and professionalism with market position and strategic growth plan, making it a leading electronic commerce provider among small and medium businesses, providing them with powerful offering that is hard to beat.

The project aim is to give power to vendors, allowing sellers located on the marketplace platform to contribute to the rules that govern their businesses. The main advantage of such a marketplace is transparency, as long as vendors have the ability to participate in the decision-making process amongst themselves in a decentral autonomous platform.



  • Traffic. The GAMB marketplace bundles traffic and is responsible to attract buyers.
  • SEO. The marketplace is optimized by an experienced in-house team for SEO.
  • Ownership. The marketplace does not drive their merchants out of business by copying products and undercutting prices.
  • Governance. Each member of the merchant alliance is able to submit ideas and proposals for voting.
  • Buyer Protection. The GAMB marketplace guarantees full coverage of all eligible payments.
  • Insights. The marketplace shares gathered data to improve the competitive positioning of merchants.

Founded: 2018, Malta

Social networks

Conversion Block

  • Token GMB
  • Price 1 GMB = 0.0557 USD
  • Bonus Available
  • MVP/Prototype Available
  • Platform Ethereum
  • Accepting ETH
  • Minimum investment 0.1 ETH
  • Soft cap 5000000 USD
  • Hard cap 15000000 USD
  • Raised $8,200,000 
  • Country Malta
  • Whitelist/KYC KYC & Whitelist

More on ICO

Technical details

  • Token GMB
  • Platform Ethereum
  • Type ERC20
  • Price in ICO 0.0000 USD
  • BONUS 15% in presale
  • Tokens for sale 1,750,000,000
  • Min. investment 0.1 ETH
  • Accepting ETH
  • Distributed in ICO 35%
  • Soft cap 5000000 USD
  • Hard cap 15000000 USD
  • Raised $8,200,000


  • Q2 2018 Website launched; First version of whitepaper released.
  • Q3 2018 ICO successfully closed; Release: Name and brand of marketplace; Opening of pre-registration for merchants.
  • Q4 2018 Closed alpha: definition of and product search engine MVP; Open beta: product search engine MVP; Release: product search engine 1.0.
  • Q1 2019 Release: marketplace connector API; Release: merchant alliance governance backend MVP.
  • Q2 2019 Release Beta: marketplace MVP (product search / order management).
  • Q4 2019 Release: marketplace 1.0.
  • Q1 2020 Onboarding of 9,000 Spanish merchants and expansion into Spain.
  • Q2 2020 Onboarding of 13,000 French merchants and expansion into France.
  • Q2 2020 Onboarding of 13,000 French merchants and expansion into France.
  • Q3 2020 Onboarding of merchant base in Poland, Italy and UK.
  • Q4 2020 Onboarding of merchant base in Sweden, Denmark, Netherland and Belgium.
  • Q1 2021 Onboarding of merchant base in Turkey & Malaysia.
  • Q2 2020 Expansion of partner network.


  • Luis Krug Chief executive officer
  • Andre Münnich Chief financial officer
  • Emrah Hizarci Chief technology officer
  • Daniel Schnadt Managing director gambio gmbh
  • Nonito Capuno Managing director gambio gmbh
  • Denis Scheller Business development gambio services ag
  • Alexandros Tselegidis Development / core
  • Amine Riad Development / core
  • Arne Winter Development / core
  • Daniel Wu Development / core (team leader)
  • Erkan Turfanci Development / customizing



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StartAugust 1, 2018
EndJanuary 31, 2019

This ICO looks like a fraud. Taking into consideration fees, smart contract work and transactions in the blockchain. Only technical aspects of the ICO are clear. But there are still various signs of fraud. Besides, all is done at a quite primitive level by programmers with low experience. To be short, all the fees are a lie, and audit is quite bad.

Francis   December 18, 2018  

GAMB is a self-governed and decentralized ecosystem for e-commerce, driven by smart contracts, enhanced by open source development and empowered by the first Global Alliance of Merchants on the Blockchain.

Ja$0b   November 20, 2018  

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