General Characteristics
GM on Base ($GMB) is a community-led meme coin project built on the Base chain. The meme token is themed around its mascot, Waddle the Duck. This adorable, white-feathered duck spreads a whimsical and optimistic sensation within the meme-centric verse. It aims to bring smiles to everyone’s faces through memes.
Aside from quacking all day long and sipping coffee, Waddle relishes the accumulation of crypto wealth through the magic internet money and subsequently shares this wealth. Setting out on an adventure, the cute duck follows a rainbow believed to have unique treasures at the other end. Turning out to be accurate, Waddle brings the most gains to $GMB holders. Want to have a share in this adventure and make massive gains? Follow the Rainbow!
Roadmap
Although $GMB has no official roadmap, the meme coin has a five-part story in its backstory. They are:
- Meet Waddle, the white-feathered, whimsical duck living a peaceful life.
- Cloudy with a Chance of a Rainbow: Waddle’s friend, Cloudy, urges him to follow the rainbow and unlock hidden treasures.
- Follow the Rainbow: Waddle commences the journey to follow the rainbow, gathering the essential travel tools, like a telescope, an army knife, coffee beans, and a pocket watch.
- The Prism Key: Waddle meets the bearer of the prism key and receives the prism key as the new bearer. The cute duck continues his journey.
- The End of the Rainbow: Arriving at the end of the rainbow, Waddle uses the prism key to enter the vault, which holds all sorts of treasures.
Functionality and Utility
$GMB has the primary goal of bringing profits to holders. Through the Feathered Herald Magazine (FHM), $GMB enables its community to spread memes and laughter to everyone’s faces and embrace their inner meme wizard.
$GMB also welcomes everyone into the Vault, where they lock their $GMB tokens in exchange for rewards in the form of $GMB, $ETH, and other cryptocurrencies. Community members are also rewarded with $GMB tokens after performing certain tasks hosted on social platforms.
Market Performance and Dynamics
$GMB has a total supply of one billion tokens. The project’s LP has been burnt, and the contract renounced, eliminating the risk of rug pulls and boosting investors’ confidence. It also allows the community to drive the meme token’s growth.
The Base chain meme coin has a market cap of $168K+ and a locked liquidity of $40K. Its price as of August 9th was $0.0001777, representing a 14.68% increase within the past 24 hours.
Community
A community of over 2K members is backing $GMB across social platforms, X and Telegram.
Pros
- Adorable mascot.
- Supports staking.
- Has an intriguing backstory.
- LP burnt, contract revoked.
- Periodic buybacks and burns to boost the token’s price.
- Taps into the Base chain’s fast and cheap settlement layer.
4 Questions to the GM BASE Team
1. "Waddle the duck" is a unique and playful mascot for $gmb. What Inspired you to create waddle, and how does his character embody the ethos of gm and the project's mission?
Waddle is just a degen duck like us who was trying to make it by stacking magic internet money. But things took a turn when waddle found himself in a world with unique characters interacting with him, guiding him through his quest to make it. And it all starts by introducing the Vault v1. We wanted a character that resonates with everyone in crypto, You know? Someone who's on the same journey we all are, trying to navigate this wild world of memes and tokens.
2. How do you envision the community interacting with waddle's Adventures? What role does the community play in shaping the narrative Of gmbase?
The community is shaping waddle's adventures, no doubt about it. A big number of our team actually comes from the community. We focused on community from the start, and those who showed commitment, fun, and trust became part of the team. They've been an integral part in building the project - the website, the memes, the vault, keeping the meme alive, you name it.
Our project thrives on community efforts. Any community member who can contribute to the project is always welcome to join the team. We're all about that collective spirit, you know?
Oh, and get this - the community can start earning points and mint nft rewards by completing the gmb onchain summer campaign on
interact. It's a great way for everyone to get involved and be part of waddle's world.
3. Can you explain how "The vault" works and the benefits for users who lock their $gmb tokens? What role does $eth and other partner tokens play in this rewards system?
The vault is like our secret sauce. It's a reworked model of the vetoken model created by curve finance. Right now, the vault has an impressive 13% (133 million tokens) of the supply locked. Pretty wild, right?
Here's how it works: you lock your gmb for a certain period of time, and in return, you get vegmbee. This vegmbee represents your weight in the locked pool. The cool thing is, vegmbee increases with each block, which means the longer you lock, the more you'll have.
Then, we distribute rewards to the holders according to their weight in the pool. These rewards come from the team, the revenue generated by the project, and tokens from partner projects. It's a win-win for everyone involved.
We're working on vault 2.0 right now, which will allow for a much more flexible and dynamic approach. Can't wait to show you guys what we're cooking up!
4. Vault 2.0 is teased as a future development. Can you give us a sneak peek into what vault 2.0 might represent and how it will enhance the user experience? What are the broader goals you hope to achieve with gmbase, both within the crypto community and beyond? How do you measure the success of your project?
Vault 2.0 is going to be a game-changer. It represents a significant leap forward in gmb's ecosystem, building upon the success of its predecessor. We're leveraging the vetoken and venft technology, which will offer enhanced liquidity provision, more sophisticated token locking mechanisms, and an expanded reward structure.
It's designed to seamlessly integrate with gmb's growing network of partner projects, and we're even looking at potentially including it in an upcoming layer 3 rollup chain using base as the settlement layer. How Cool is that?
The aim is to unify meme projects across the ecosystem, encourage active community participation, and foster cross-project synergies. We're all about bringing people together and creating something bigger than just one project.
The full details are still under wraps, but vault 2.0 is our commitment to innovation in the meme coin and defi space. It's our promise to align user interests with the project's long-term success while pushing the boundaries of what's possible in the crypto world.
As for our broader goals, we want to make gmbase more than just another meme coin. We want it to be a community, a greeting, a way of life on Base. We're measuring our success by how much we can contribute to the Base ecosystem, how many projects we can support and help grow, and how we can make crypto more accessible and fun for everyone.
We're not just here to make a quick buck. We're here to build something that lasts, something that makes a real difference in how people interact with crypto. And with the community behind us, we know we can make it happen. Gmbase, everyone!"
Official links
CA: 0xC890EB927871660C7259F0DCAaF3d8a7CE5fA8C1
Website
Twitter
Telegram
Where to buy
Uniswap
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