The current real-time price of GM is $0.0{9}1468. In the past 24 hours, GM has traded between $0.0{9}1405 and $0.0{9}1479, showing strong market activity. The all-time high of GM is $0.0{7}8270, and the all-time low is $0.0{9}1016.
From a short-term perspective, the price change of GM over the past 1 hour is , over the past 24 hours is -0.68%, and over the past 7 days is +3.54%. These figures provide a quick overview of the latest price trends and market dynamics of GM on LBank.-0.55%
The live price of GM today is $0.0{9}1468, with a current market cap of $0. The 24-hour trading volume is 18.85. The price of GM to USD is updated in real time.
Before deciding whether to buy or sell GM, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s GM technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for GM.
How much will GM be worth tomorrow, next week, or next month in ? What about your GM assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! GM Price Prediction
To learn more about GM, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
solana | 5Q544f...pge4j1  | 18.742T | 27.43% |
solana | VzurNC...YhEj32 | 5.019T | 7.35% |
solana | 6gew7q...XhSEc8 | 1.989T | 2.91% |
solana | F9GU3L...bYHEpC | 1.829T | 2.68% |
solana | Gx8hCV...ZRVRmo | 1.821T | 2.67% |
Other | 38.930T | 56.97% |
GM Machine (gm) is a decentralized, over-collateralized stablecoin pegged to the US Dollar, alongside a social token and a Chrome extension. Launched in February 2023, it initially facilitated social interaction via "Good Morning/Good Night" messages and meme sharing. The platform has since expanded to function as a gateway to the Solana ecosystem, incorporating integrations for cross-chain swapping capabilities.
The $GM social token is integral to the platform, fostering community engagement on social media and blending social interaction with advanced crypto functionalities. Additionally, the protocol utilizes the `gm` stablecoin as its primary minting and management mechanism, and operates as a liquid staking protocol, offering diverse utility across its ecosystem.
The `gm` stablecoin operates on a decentralized, over-collateralized model. It is generated when users deposit approved collateral assets into a secure smart contract vault within the GM Machine protocol. By doing so, users can mint `gm` tokens against their deposited collateral, effectively creating a decentralized line of credit. This mechanism distinguishes it from centralized stablecoin models.
Staking in GM Machine involves depositing `gm` stablecoins into the Stability Pool. This capital serves to absorb debt from liquidated collateralized debt positions (CDPs), playing a crucial role in maintaining the protocol's stability. In exchange for providing this liquidity, stakers receive rewards, which include discounted collateral from liquidated positions and ongoing emissions of the `gm` governance token.
The `gm` token functions as the liquid governance token within the ecosystem. In contrast, `vegm` stands for vote-escrowed `gm`. Users acquire `vegm` by locking their `gm` tokens, which renders `vegm` non-transferable. Its primary purpose is to represent voting power, allowing holders to participate and vote on various governance proposals for the GM Machine protocol.
GM tokens are available for trading on various decentralized exchanges (DEXs). Users can typically find liquidity for the GM/SOL trading pair on popular DEX platforms. For convenient acquisition, users can fund a compatible Web3 wallet, such as the LBank Wallet, with stablecoins and then utilize its integrated swap features to exchange for GM on a supported decentralized exchange.
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