A Deep Dive Into GM WAGMI (GM)

To find out even more about this project, check out our deep dive of [GM WAGMI](https://coinmarketcap.com/alexandria/article/a-deep-dive-into-gm-wagmi-gm).



## What Is GM Wagmi (GM)?

[GM Wagmi](https://coinmarketcap.com/currencies/gm/) is a [meme coin](https://coinmarketcap.com/alexandria/glossary/memecoin) based on the popular “gm” meme that has taken social media, especially Crypto Twitter, by storm in 2021. Gm (also written gm or GM) stands for “good morning” and is the customary greeting between crypto accounts on Twitter, irrespective of the time of the day. Like other meme coins that took advantage of a fleeting hype like [Omicron ](https://coinmarketcap.com/currencies/omicron/)(named after the COVID19 variant) or [PEOPLE](https://coinmarketcap.com/currencies/constitutiondao/) (a coin that wanted to buy a copy of The Constitution), GM is cashing in on the popularity of the “gm” meme and people willing to wager money on the eponymous token. 

On the website, GM Wagmi humorously calls itself “the first culture coin” that stands for a supportive environment inclusive to all people. By listing on 12 exchanges in its first week, GM has achieved remarkable success for a meme coin. 


## Who Are the Founders of GM Wagmi?

The team behind GM is anonymous, but says it was inspired to create a token that would unite the decentralized financial movement and build a sense of family and mutual value within the community. The team wants to “spread goodness” and “participate in a cultural revolution,” which may result in creating incentives or investments in charities aligned with the GM community values. In the words of the team: “gm means community and community means family.” 


## What Makes GM Wagmi Unique?

Although meme coins are a dime a dozen, GM stands out by its inclusiveness and appeal to all crypto holders across blockchain rivalries. While crypto communities tend to be quite tribal and prioritize the success of “their” blockchain over that of others, the “gm” meme is a unifying factor used by the entire space, which is captured by the GM token.

Its goal is to create a self-sustaining ecosystem and community that is run by a [DAO](https://coinmarketcap.com/alexandria/glossary/decentralized-autonomous-organizations-dao) and spreads the message of GM around the globe. In practice, this means:



* Providing each holder with a simple and effective way to get exposure to crypto assets; 
* Operating as a community-focused and community-driven decentralized network;
* Bringing positive change through community-driven charitable contributions.

In its roadmap, GM Wagmi sketches how it wants to become a cross-chain asset, despite launching first on Ethereum due to its security and longevity. A GM bridge will open a new user base on a different blockchain to the movement and give the token cross-platform utility, making it more interoperable in the process. Moreover, users could avoid Ethereum’s notoriously high gas fees by operating on a chain like BSC. Currently, the project is in talks with the team that built a bridge for [Floki Inu](https://coinmarketcap.com/currencies/floki-inu/). 

Another roadmap goal is a GM decentralized exchange, which would provide a trusted solution to swap tokens to and from GM. In addition, GM would charge listing fees that could contribute to the project’s marketing budget and charity goals. 


## Related Pages:

Check out [Dogelon Mars (ELON)](https://coinmarketcap.com/currencies/dogelon/) — an Elon Musk-themed Doge copycat.

Check out [Safemoon Inu (SMI)](https://coinmarketcap.com/currencies/safemoon-inu/) — a meme coin based on Safemoon.

Read our [deep dive into GM Wagmi](https://coinmarketcap.com/alexandria/article/a-deep-dive-into-gm-wagmi-gm).

Get the latest crypto news and trading insights with [CoinMarketCap Alexandria](https://coinmarketcap.com/alexandria/).


## How Many GM Wagmi (GM) Coins Are There in Circulation?

GM has a total supply of 1 trillion, half of which was burned at launch. The remaining 500 billion GM are in circulation. Initially, each transaction was subject to a 10% tax. 4% of each transaction went to the marketing wallet, 4% was used as Uniswap auto liquidity locking, and 2% was used as reflections. 

To comply with U.S. regulations and further the project's growth, the team turned off the 10% tax and converted it into a 1% flat burn tax for all transactions. Doing so prevents liquidations and retains the token’s deflationary dynamic. Since its inception, GM has burned 3% of its total supply in addition to the 50% burned at launch.


## How Is the GM Wagmi Network Secured?

GM launched on Ethereum, an unusual choice for a meme coin due to its rather high transaction fees. The team opted for Ethereum because it has the highest user base and is one of the most secure blockchains with a proven track record. In that sense, GM is different from other meme coins that tend to launch on BSC or Polygon. 

[Ethereum](https://coinmarketcap.com/currencies/ethereum/) is one of the most popular blockchains and the go-to solution for many decentralized applications. Its [proof-of-work](https://coinmarketcap.com/alexandria/glossary/proof-of-work-pow) consensus mechanism requires miners to mine new Ether and ensures that Ethereum is one of the safest blockchains in the crypto industry. A set of decentralized [nodes](https://coinmarketcap.com/alexandria/glossary/node) validates transactions and secures the Ethereum blockchain.


## Can GM Wagmi Reach $0.01?

Even though the GM token surged to an all-time high of $0.0009 pretty quickly, it has since lost over 70% of its value. That makes it highly unlikely that it will ever reach a valuation of $0.01, although a renewed price surge is not out of the question.


## Where Can You Buy GM Wagmi (GM)?

GM is available on [Uniswap (V2)](https://coinmarketcap.com/exchanges/uniswap-v2/), [OKEx](https://coinmarketcap.com/exchanges/okex/), [Bybit](https://coinmarketcap.com/exchanges/bybit/), [Gate.io](https://coinmarketcap.com/exchanges/gate-io/), [Bitget](https://coinmarketcap.com/exchanges/bitget/) and [ZT](https://coinmarketcap.com/exchanges/zt/).


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