BitMart To List PGEM, Polygame’s Native Token
BitMart, a premier global digital asset trading platform, will list Polygame’s native token (PGEM) on June 15, 2023, with the PGM/USDT trading pair available for trading at 3:00 PM UTC on the same day.
POLYGAME is the first decentralized eSports Ecosystem which encompasses Streamers, Players, Teams, Tournament Operators, and Advertisers with a mission to connect the next 1 Billion gamers. A Decentralised eSports platform where ecosystem participants can “play-compete-own-earn” with PGEM token as the underlying utility currency. The activities driving PGEM utility on POLYGAME platform include:
- Fan Tokens IPOs: Each team and streamer will issue Social tokens via ICO as the promoter of the ICO. All fans need to buy social / Creator tokens using PGEM Tokens in the IPO. The price of a social token follows a bonding curve similar to Bancor’s AMM curve. Social tokens are an aspiration because they unlock accessibility and exclusivity to the team and streamers. As the clout of the promoter increases the demand for the social tokens will increase necessitating the need for new IPOs.
- Fan Token P2P exchange enables robust buying and selling of social tokens on the POLYGAME platform and PGEM tokens are paid by the seller and buyer as the transaction fees and PGEM collected are burnt at regular intervals to generate money for the ecosystem participants and also control total PGEM in circulation.
- NFT Marketplace: POLYGAME will charge a transaction fee in PGEM Tokens for every sale of NFT. The NFT marketplace will be integrated with other major marketplaces such as Rarible or OpenSea in just one click
The PGEM token is the underlying token that is used to power the POLYGAME blockchain, provide liquidity to all of the various social tokens that will exist on the POLYGAME platform and boost the engagement on the platform. PGEM tokens collected by the platform from the transactions on the platform are regularly burnt to constantly create pressure on the total number of PGEM tokens in circulation thus driving up the price of the PGEM tokens.
About BitMart
BitMart is the premier global digital asset trading platform. With millions of users worldwide and ranked among the top crypto exchanges on CoinGecko, it currently offers 1,000+ trading pairs with competitive trading fees. Constantly evolving and growing, BitMart is interested in crypto’s potential to drive innovation and promote financial inclusion. To learn more about BitMart, visit its website, follow its Twitter or join its Telegram for updates, news and promotions. Be sure to download the BitMart App to easily trade your favorite crypto anytime, anywhere.
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