Gaimin - Connects the world's largest distributed GPU processing power supply

Introduction

Gaimin.io has succeeded in identifying innovative solutions for one of the largest growing global resource needs on the market today, current needs are very large and growing exponentially from year to year without real solutions to the provision that is currently available. Gaimin.io, has not only identified problems, requirements, and requests but has also succeeded in formulating a favorable solution for the ongoing problem.

Opportunity

It is a well-known fact that the world has become more and more reliant on the digital environment and just like all environments, its very survival and financial stability relies on the provision of required resources. Just as electricity, oil, gas, water, and capital are finite vital
resources within the real world, computer processing power is the finite required resource of the digital world.

Problem

The World Needs More Computer Processing Power as Global Demand Grows Exponentially

The demand for computing power is growing faster than progress in processor performance. New technology accelerates global demand. Data center could not follow. GPU, a very fast graphics processor, can provide a solution.

Solution

Instead of spending billions of dollars to build specialized resource farms, Gaimin.io prefers accessing the gaming community worldwide, and utilizing and appreciating this global network of untapped resources, globally distributed from 1.3 billion processing power providers, connected by a high speed internet connection, which can be collected, consolidated and then used to meet a variety of current, and a favorable future, needs for processing power.

Vision

“Computer Processing Power = High-Value Commodity”
To create the world's most powerful, decentralized supercomputer - by harnessing the dormant computer resources of the global gaming community.

Mission

“Passive Autonomic Monetization For Gamers”
To become the “Uber” of processing power - passively monetizing a gamer's high powered computer resources when not in use and rewarding them with the purchasing power to fund their gaming experience.

Product Overview

The Gaimin.io software platform has been designed to aggregate user processing power (hash rate or hash power) from the user’s GPU (graphics card) and direct to this processing power to potential monetization options including the two main initial methods of:

• Confirming and validating blockchain transactions (blockchain “mining”)
• CGI rendering

A user (gamer) is rewarded for connecting their own PC’s processing power to the “Gaimin.io Processing Power Supply Network” via the GMRX native Gaimin.io blockchain token which he can then use in the Gaimin.io community for “user-to-user” transactions (buy, sell, rent) and on the Gaimin.io marketplace to purchase digital gaming assets.

In order to develop the software to its current Alpha phase and test the platform with real-world data, the development team focussed fully on blockchain mining for monetization.

This allowed Gaimin.io to fully test the concept via a 100 user Alpha test which provided sufficient real-world data to verify the project concept.

The remainder of this product section is dedicated to how the Gaimin.io platform will monetize users processing resources through blockchain mining.

Tokenomics

The GMRX Utility Token

GMRX is a token with the sole function of being a digital utility token which powers the Gaimin platform rewards, marketplace and community.

1. Round Structure

• Total Token Supply Fixed at: 5,000,000,000
• Total Tokens to be Sold via Token Sale Events (20%): 1,000,000,000
• Initial Token Sale Price: $0.10 USD / Token

Gaimin will operate multiple rounds for token buyers privately and publicly through token sale events, full details still to be determined.

Project Softcap: $10 million USD
Project Hardcap: $100 million USD

Token Distribution

The key elements to take note of are:

• (i) the 30% allocation to the company used as a reserve to assist balance the GMRX ecosystem, and
• (ii) the 30% allocation to the “Kickstart Program” to help kickstart the Gaimin.io community and incentivize the community to be active long-term members.

Beyond that, the founders will take 15% and advisors/seed investors (early equity investors)
5%, both groups have strong vestment periods in order to claim all of their allotted tokens.
The remaining 20% is for the general public to purchase via token sale events.

Use of Funds

Software and marketing account for 50% of the funds to assure an ongoing high-quality product for users, global user base expansion and brand establishment. Overhead, operational and team costs account for 25% of the use of funds in order to maintain daily operations and requirements. An additional 25% will be available for global community development.

Admin/Operations/Team

We will start from our European base and then establish a full presence in Asia followed by the USA. Full costing provisions include:

• Office set up as a European base
• Office set up as an Asian base (massive hub for gaming)
• Office set up as a USA base
• Traveling, events, stands etc.
• Staff, wages, relocation (i.e. software developers)
• Recruitment “purse” to acquire top talent
• IT, tech infrastructure, hardware and equipment
• Training and education
• Hiring external talent
• Scholarships, local universities etc.

Creating Sustainable Demand - Use Cases for GMRX Token

The following are planned applications for the GMRX Token; these will help increase adoption, utility and overall demand for the GMRX Token.

1. Exclusive payment method for Gaimin mining software application – monthly subscription
2. Exclusive payment method for Gaimin community and marketplace for gamers to buy/sell/rent digital goods (all Gaimin smart contracts will be executed with GMRX Tokens only)
3. Exclusive payment for miners who wish to join Gaimin owned mining pools, which they will need to purchase.

Token Market Protection

In order to help maintain a stable token with a positive value trajectory, Gaimin will employ a series of techniques to ensure the safety of the token and help weather the tough market conditions that all tokens face.

Token Buyer Caps

Each token buyer will be limited to a total % stake in Gaimin Tokens in order to limit potential malicious market tactics which threaten the stability of the token, such as pumping and dumping.

Vestment Periods

All founders, team members, and early private seed/equity investors with token options, founders included, will be subject to vestment periods. Founders will hold 15% of the total tokens. All vestment is facilitated through a smart contract. This ensures a long-term
commitment from founders and ensures founders cannot act against the company as it would be against their own financial best interests.

Additionally, advisors will also be subject to vestment periods in order to ensure their active and sustained involvement and to ensure they cannot act in their own personal best interests at the expense of the company and other stakeholders.

Token Reserve

Gaimin.io the company will hold 30% of total tokens as a reserve in order to correct unlikely market conditions that threaten the stability of the GMRX Token. This reserve can be issued in part or full in order to help stimulate the GMRX Token economy, should market conditions deem this necessary.

KYC & AML

Each private equity investor, and token buyer, whether individual or institution, will be subject to strict KYC and AML screening in order to determine eligibility to invest in Gaimin.io and receive GMRX Tokens. Gaimin.io will not, under any circumstances, allow or accept investment, or token purchases, direct or otherwise, from any restricted persons or group of persons. This includes but is not limited to anyone who fails either KYC or AML screening, provides incorrect, false, or misleading information, or otherwise tries to circumvent screening, or displays any malicious behavior towards Gaimin.io, its stakeholders, or any other upstanding individual,
group, or entity.

Token Demand

Creating and maintaining a steady positive demand for GMRX tokens will take place through the gamification of the Gaimin.io software application. As well as by making GMRX tokens the exclusive payment method of the Gaimin.io software application (monthly subscription fee), exclusive payment of all smart contracts in the Gaimin.io community and marketplace for digital gaming assets, as well as the exclusive payment method for super miners wishing to join Gaimin.io owned mining pools.

Roadmap: Milestones and Objectives

2018 Milestones Achieved: Basic Proof of Concept / Company formation

• Company formation: UK/Crypto Valley, Zug, Switzerland
• Team, partners & strategic advisors in place (gaming, marketing, regulatory, blockchain)
• Internet presence (website, social media, etc.)
• Initial documentation (decks, use of funds, litepaper, marketing plan, etc.)
• Software development: plan “Alpha” testing
• User demand confirmed: Madrid Games Week

2019 Achievements Milestones achieved: Funding, Presence, IEOs

• Continued private funding
• Full Alpha version testing
• Produce “Alpha Report” and full “Whitepaper”
• Launch GMRX on EOS blockchain
• Start aggressive PR (community, social media, press releases)
• Prepare for IEO. Establish presence in Asia
• Ran two successful IEOs to test Asian market receptiveness
• Began Beta version of platform
• MOUs, partnerships, alliances
• Add key team members
• Reached phase 1 funding target $1m

2020 Objectives
Token sales: IEO / Full listing
Full Beta version development
Beta testing private, public
Beta version launch
Initial user acquisition
Build community
MVP launch
Continued private fundraising
Continue to build brand
Aggressive user acquisition

For more information you can see it below:

Website : https://gaimin.io/

Whitepaper : https://gaimin.io/Gaimin.io_Project_Whitepaper_1.2.pdf

Telegram : https://t.me/officialgaimin

Twitter : https://twitter.com/GaiminIo

Facebook : https://www.facebook.com/Gaimin.io/

LinkedIn : https://www.linkedin.com/company/gaimin/

Medium : https://medium.com/@gaimin

Youtube : https://www.youtube.com/channel/UCp9Y_FMB1p4Nqjct0Ro9f3g

Instagram : https://www.instagram.com/gaimin_io/

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Author: dey90
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