I'm very happy with Gambit's progression and the rate of burning is phenomenal.
In order to take that next leap the market would have to view Gambit not just as a coin for traders but as a viable crypto-currency in it's own right with real world use. (That just happens to have a phenomenal burning rate thanks to the trading element.)
Possible ideas- Getting onto additional exchanges
- Perhaps with some of the trading profits looking at getting integrated with a payment processor like
https://www.coinpayments.net/ or someone similar.
- Commission some graphics to market Gambit as a crypto-currency of the future.
(Showing how supply is rapidly decreasing vs. others who's supply is continually increasing.) - Create a roadmap that every 3-6 months adds a little feature that makes Gambit more compelling as a currency.
OtherJoining the trading group will become prohibitively expensive as the coin rises in value. Perhaps also auction off 1 spot in the trading group per month. This will generate some additional interest and find something closer to the true market value of a trading group spot as well as keep the income from this revenue stream continually ticking over. If more than 1 person a month wants to join they will have to pay full price.
Thanks for taking the time to post all this. I personally disagree with the real-world use cryptocurrency, that has never been a goal for Gambit and every altcoin (excluding the ones which raised eight figure sums) has failed at it. These news-pieces are generally just used for pump and dumps. Some of your other points are very valid and are something we will discuss in the group. We are currently restructuring a few things which we will forward here when they come to fruition. Thanks again.
Thanks for the feedback.
I don't think every coin has failed at it. ATM there's 10-20 very mediocre tier 2/3 currencies that are not pump and dumps but are able to sustain & often grow value medium to long term in the million dollar plus range despite not having any burning and mostly requiring constant new demand to offset 5-20% or more annual inflation. (Therefore implying that they are attracting >$100 000 in net new annual demand with very limited development/other)
Gambit would relatively easily become a tier 2/3 currency taking some of the steps outlined above and it doesn't need to do anything else fancy developmentally because Gambit's USP (Unique selling point) is a very strong one. - A currency that effectively has negative inflation is fairly unique in crypto and as demonstrated from the Bitcoin halving, something that is rightfully highly valued.
Imagine BTC had no inflation and there was actually a net burning of BTC every year... Gambit. So while your value growth is impressive it seems to have come almost exclusively via burning from hard earned trading profits & Gambit is possibly missing out on an easier and deserved few hundred thousand dollars of net annual currency demand which combined could propel Gambit to a much higher fairly sustainable capitalisation.
(Because burning from current average trading profits should be enough to at least negate/neutralize Gambit inflation at what capitalisation?)
Anyway I doubt I can convince you guys otherwise but that was my best shot because I believe at the current levels of burning, Gambit is missing out by not giving itself the opportunity to become a popular currency in it's own right.