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.
Founded: 2018, Malta
Start: 1 August, 2018
End: 31 January, 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.
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.
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