What does gm mean in NFT world?

gm refers to the portion of the full token supply that was generated by the genesis block. This is the total amount of tokens that were created at the beginning of the token sale or the initial coin offering (ICO), and is equal to the sum of all the tokens contributed by each investor multiplied by the number of tokens contributed by each investor.

What does gm mean in NFT trading?

The abbreviation gm means generally accepted meaning. When you are referring to the market capitalization (or capitalization on the exchange), it is denoted as gm. This is the total amount of trades for a given asset over the last 24 hours (or another time period you choose), multiplied by the current price of the asset at the time.

What does GM mean in NFT world?

The acronym “GM” stands for Genesis Mining. It refers to the process of creating a new cryptocurrency using the proof-of-work mining method. This process is known as solving the cryptographic puzzle, which is a mathematical problem that can be proven to be correct using special hardware. Once a new cryptocurrency is created, it is listed on a blockchain, which is a distributed ledger. This ledger is the foundation of all cryptocurrencies.

What do gm mean in NFT trading?

In the context of NFTs, gm refers to the amount of tokens a buyer must pay to get the tokens they want. This value is based on the current supply of tokens and the current market price. Even though the current price is displayed on the wallet, the buyer is not obligated to pay the current market price.

What does gm mean in NFT world Reddit?

The most important thing to understand about gm in the NFT world is that it simply refers to the percentage of the coins that the developer earned during the initial crowdsale. The remainder of the total supply is given away to contributors, based on how much they contributed during the sale. If the gm is high, then the first NFTs to be created will be those that were contributed to by the early investors. At the end of the initial sale, the developer will have a list of