Should we invest 5000 USDC into GAIMIN?

CitCap has opened up a new investment opportunity for Neo Tokyo. TGE is in only 6 days (March 26th) so it's possible to derisk pretty quickly if the project does well at launch. Please read the details included here to get a better idea of the project.

Twitter: https://twitter.com/GaiminIo

Should we invest 5000 USDC into this deal for GAIMIN?

1. Yes
2. No

Info on deal from CitCap:

"👽Grand Rising Citizens! @CitCapPings

We are excited to announce the next Investment opportunity coming to the Citizen Capital V3 platform in GAIMIN We have been given the 2nd largest ticket, 4 times larger than 80% of other investors

🗒️OPPORTUNITY SUMMARY

GAIMIN is a next-generation gaming infrastructure project that is set to revolutionize the gaming industry. Their mission is to become the leading Web3 gaming platform and game launcher, and enhance the gaming experience by providing innovative software and solutions, and become a gateway to mass Web3 adoption.

Gaimin holds the world's largest supply of decentralized GPUs. They can render entire animated movies in days (not years), power blockchains with node networks and validators on a scale unseen before, and power AI companies globally at a tenth of the cost with the crazy growing demand.

The GAIMIN platform allows gamers to monetize their computational resources through the GAIMIN cloud. By contributing their computing power, gamers can help power AI, rendering, and blockchain technologies for businesses and organizations, while earning rewards in return.

💵DEAL TERMS

This deal is a SAFT Agreement $250M FDV 10% at TGE, 1 month cliff, 12 month linear vesting $0.0025 price per token

🎟️ Ticket size: $550k

TGE scheduled for March 26th 2024

🪙 INVESTORS

Andromeda Capital Ltd. Ghaf Capital Partners Ghaf Capital Partners II AlphaCrypto Capital Valhalla ShimaB Limited NxGen Ventures IVC / Infinity Ventures Yield Guild Games SEA Taureon / Octopus Digital GSR Snakclub / Loud Ozzend / Results Dreamboat Eden / Wi-Zone 4Ward Investments Ltd. Morning Star Ventures Unix Enjinstarter A195 Wealth Union Zephyrus Capital

🐂 BULLISH:

• Worlds fastest L2 chain: Boasting a staggering 150k+ transactions per second and extremely low latency, Gaimin is setting the bar high and providing the blockchain infrastructure for many more to build on
• Monetization of computational resources: The Gaimin platform allows users to monetize their unused computational resources through the Gaimin cloud
• Subsidized gaming model: 90% of revenues from utilizing unused GPU power to be returned to gamers
• Short-term Investment: TGE to take place in a few days with a very short cliff and sub 1 year vesting
• Driving the narrative: Gaimin offers exposure to 3 of the hottest narratives in web3 at the moment, AI, DePIN & Gaming
• Stacked Cap-table: Gaimin has already secured numerous titan VCs and funds on the cap table giving them exposure to a level of strategic value that few new market entrants have access to.
• Immense marketing hype: Gaimin has been trending in web3 with millions of impressions on their social channels as well as a community of over half a million users
• Strong industry reputation: Gaimin is the first-ever project incubated by -Coinmarketcap.com 62m DAU and also own the notorious e-sports organization "Gaimin Gladiators" with over 25 billion impressions
• Functional ready-to-go platform: Gaimin has already generated over $7M in gross revenues through their functional platform

🐻 BEARISH:

• Late entry: At a $250M FDV, this is the 2nd to last round we are entering and thus a much higher entry than those who invested over a year ago
• Widespread focus: While this is something that is usually a positive, web3 has seens its fair share of companies fail as they are attempting to do too much at once with numerous business activities / ventures to implement and engage in
• Significant fundraise: With the sizeable fundraise, early access to the $GMRX token has been easier to attain than one would hope

⏰Investment goes live: Thursday, March 21, 2024 10:00 AM

⚠️Investment in pending phase: Thursday, March 21, 2024 6:00 AM

📖Sublime RR: https://cdn.citizencapital.fund/research/gamin/ResearchReport.pdf

📒Deck: https://docs.google.com/presentation/d/e/2PACX-1vSvPoNO0HwGx_DwZ0mJM2VpHXyuO-gNQMXaclabKRhJ9PtMUAsyGb580bCQ8hwNBr8gSQYUiO9IwYVE/pub?start=false&loop=false&delayms=3000&slide=id.p1 "