Gamerbits eSports Apps

Waiting for a pic of the pie from American Pie to be posted to lighten the mood …:laughing::blush::laughing:


Here you go. Posted on wrong chat group.:rofl:


I’m sure @goindeeps one might look a little different :smile::wink:
Mood lightened thankyou :slight_smile:


I’m giving it a shot, but from reading a few posts it seems that there are very widespread issues getting Ethereum’s wallet to sync that have not yet been resolved, so at least I know it’s the Ethereum developers’ fault and not yours :smiley:

I’ll let you know if it syncs, but I’m not hopeful!


Lol youre not using that in the right context :joy: for me to eat humble pie I’d have to be proven Wrong. Currently not the case.

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@Gamerbits since I invested in this project here a little input. is Redistributing Unsold Kin, to the people who donated to their project

Unlike they don’t just BURN money

Do you guys plan to use or redistribute the gbits tokens? Would make up for the time your investors had to wait for their tokens.

input # 2

I would advice you guys to partner (most posts are partnerships) with Bancor , the reason why?

Your ERC20 token will get instant liquidity, in other words if you partner with them your investors will have an SmartcontractExchange, so you don’t need a centralized exchange to exchange your tokens (this further means exchanging Gbits to BNT and using to exchange BNT to whatever, 2 hops is not that bad I would say).

Good luck with the job :stuck_out_tongue:


I was asking the same, I asked whether they were planning to burn or not. But got no reply from them. Really as the time is passing by I am becoming less and less convinced by the team. Asked several time to update their website still no feedback. Their website is still showing crowdsale. :disappointed:


I always assumed they would just sell the remaining tokens furrther down the road.
Though i admit i did not look far for answers.
And as for burning, it decreases coin supply, pushing up value, so is not a waste. Imo.


Burning them was the plan that we discussed with the communities.

Have began another --fast --cache 1024 sync on a new OS instance last night, making progress, this is a 500GB machine so we do hope for no further issues with the Ethereum blockchain filling it up anymore.

Will leave running all day as well and hope for its completion, thank you.


Burning or redistributing the coins according to the % buyin is equally great for anyone who took part. Nice. :slight_smile:


This project’s budget is $200K and the plan is to burn $700K!

For starters your coin will come in at the 600 range on coinmarketcap, due to your marketcap of $200K.

All these coins have a Low Vol, I would even argue that most people visiting CMC don’t even look past the top 100 and most coins in that segment are not on populair exchanges (Sorry for the sum up, but this is all marketing that comes automatic after an ICO).

$200K divided by 12 Gamerbits devs = $16.666 per dev, is there even a budget in here for marketing and are devs really that cheap?

I guess what I’m trying to say is that you should reconsider burning $700K, because maybe your current budget won’t make your project viable in the long run (SAFE Network projects are devs/time consuming, this is from my clueless consumer p.o.v.). Although the SAFENETFORUM crowd is loyal, not all your investors will have that same attitude, they’ll sell your coin as soon as it hits the exchange.

The $700K could one day help you with the unkown unknown that your project might face (especially with the rapid changes on the Ethereum network & SAFE Network). Those who have the luxury to burn money, should have an already working project, excellent marketing and super attractive coin. With less than 100 investors, a low budget…

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If those Gamerbits were worth $700k they would have sold. They didn’t, so the market doesn’t value them at that amount.

They wouldn’t be burning $700k, but rather burning unsold tokens that if used could dilute early investors, reducing their investments to around 30% of their undiluted value.

Investors wouldn’t sign up for a crowdsale where their holdings will be strongly diluted if the target amount isn’t reached.

I guess an arrangement could be found that suits investors, while generating more resources later on if milestones are reached. E.g. 50% of unsold tokens can be put up for sale at no less than 5x crowdsale price, with the other 50% distributed proportionately to shareholders as these sales occur (so dilution only happens once there’s a 5x price rise, and new tokens are issued to early imvestors to counter the dillution to some degree).

Any dilution may annoy some, but if the resources are needed, and it’s done sensitively, it could increase the overall potential of the project, and bring bigger long term returns to early investors.

However, just selling them on the market in the future at the expense of early investors would certainly not go down well for those who’ve taken a big risk.



Eight computers later, we have successfully installed an updated Ethereum Full Node and have created our GBTS and are beginning dispersal. The first Gamerbits have been sent out here.

Thank you for your patience and we are deeply sorry for the added time.

We have been replying to emails and redirecting users to our updates on Bitcointalk and here.

As stated earlier, Ethereum and ETH-based altcoin investors are receiving theirs first, and then transactions will begin to be verified for all other coins. Entries in red in our spreadsheet here still need to be confirmed, so make sure you email us at thank you!


Great job @Gamerbits thanks for all your hard work.


This is so cool!!

Had the ICO ended?


Yep. Ico is over. Maybe you can buy of someone or wait for an exchange if they manage to get listed on one.

Any progress? I don’t think I have received my tokens till now.

Just visiting a friend who work for a well known games company - says there absolutely is space for this currency.
If an accepted gamer coin existed, in game mobile purchases would be more profitable, for example you imideatly remove apple and Google 30% slice. You could purchase in game items by sending coins to a pre generated address for example tagged to an item which a games co.pany could sell back to cash at an exchange.

Real opportunities are available for this coin, between gamers and purchases from companies.

Can wait to see my coins.

Only 1 address rolled out for now though.


Great project and looking forward to seeing the progress and the potential, have to agree with @Zoki.

Do you have any update on the exchanges this coin will be available to trade on?

Yes thank you, almost all Ethereum and relevant ETH-alt tokens have been compensated with their Gamerbits, as seen here.

Refilling gas and moving to the next coins,

so we urge everyone to contact us at our email and get underway with your verifications! Thank you!