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

source

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..

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👊