The Gambit Coin is a cryptocurrency explicitly developed for the trading community.
The members of the Gambit Private Trading Group trade with other Coins and buy new Gambit Coins from the profit, which are then destroyed.
It is, therefore, a deflationary cryptocurrency. Gambit is also building a range of trading tools and services to make trading easier and more profitable.
The company is currently working with Bittrex to move away from its blockchain to the ERC20 coin on Ethereum Classic.
The Gambit Coin in Numbers – Status 20.11.2017
The company has a market capitalization of US$8,499,277 and the daily trading volume is US$38,075.
There are currently 1,196,234 Gambit coins in circulation. The company is ranked 234th in coinmarketcap.com’s coin ranking.
Why do I need Gambit Coins?
Gambit Coin is used exclusively as a utility coin for access to the various Gambit products and services.
Over the years, the Gambit community has developed, financed and acquired many assets.
Part of the profit generated from these streams is sent to the stock exchanges and used as liquidity on the Gambit coin markets or used to develop new gambit trading tools, indicators, signals, and bots.
The coins acquired from the revenue-generating streams are permanently destroyed. This means that they will be permanently removed from the total supply.
The coins are verifiably destroyed by sending them to a black hole address and are therefore no longer accessible.
What are the advantages of the project?
By signing up with Gambit, users can get discounts on your trading fees and a small commission from Gambit.
These commissions are used to lend liquidity to the Gambit markets and to pay developers to create new trading instruments for all.
Gambit is one of the top 10 affiliates for numerous cryptocurrency exchanges and brokers. Experienced crypto investors share their private charts and information on the platform that are not available anywhere else.
The Gambit Private Crypto Trading Group consists of traders, miners, developers, designers, programmers, charterers and more.
The group holds daily discussions on upcoming coins, price movements, charts, ideas, buy signals, current news, etc.
Check out our guide on the next big cryptocurrency.
They also have custom bots and indicators that are continually being developed to give them a competitive edge.
The group raises a starting fee of about 0.75 Bitcoins. For this amount, members will then receive lifelong access to all views of Gambit Proprietary Trading. Comparable indicators would cost considerably more.
The private trading group of Gambit also spends a lot of time checking crowdsales and ICOs.
Gambit often secures discounts of up to 60% on popular ICOs, which is a considerable advantage over other retailers.
They are exclusively available to Gambit members and are optional. A small percentage, usually 2 – 5 % of negotiated special discounts, goes to Gambit’s support, similar to other sources of income.
For users who are not so familiar with Bitcoin and Altcoins,
Gambit is currently developing an extensive online course that will help them learn the basics and interact directly with professional teachers.
With the switch to the ERC20, there will no longer be any proof of deposit, which means that inflation can ultimately be reduced to 0%.
As a result of this inflation reduction, more funds will be available for the development of indicators and exchange liquidity.
This will enable the company to grow even faster and establish itself further.
You can’t buy it directly for fiat on any exchange. You can choose the best bitcoin exchange for your region and buy BTC there, then trade it for GAM on exchanges. Learn here how you can instantly convert altcoins to bitcoin and vice versa.
Our recommendation is always check if Coinbase is available for your country and buy there – as it is by far the safest and best regulated bitcoin exchange. Coinbase is legit and safe cryptocurrency exchange.
If your country is not available on Coinbase – check for exchanges that are good Coinbase alternatives (such as Cexio and Indacoin – see here Cex.io review and Indacoin review) and buy BTC on one of those exchanges. You can always exchange your coins on Changelly (see if Changelly is legit), instantly and directly to BTC.
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com