GME Tokenized Stock
It’s happening and started to form all the pieces of the puzzle together, in a Data Science there are Data Analytics, where you analyze all the information that can be used to make an intelligent business decision. Then a Data Prescriptive, after the analysis you formulate a plan to implement based on the data structure. And my favorite is the Data Prediction, basically you can predict the outcome based on predictive analysis on a series of data.
If I do the same concept on predictive analysis but instead of a using series of data, let’s use a series of events and facts, for sure we will be able to predict the event that is going to happen. So, what are the facts and the series events related to GameStop (GS).
- RC Tweet about the PG-13, Chopsticks in nose, my comment here:
https://www.reddit.com/r/GME/comments/oop0ny/what_rcs_chop_sticks_tweet_is_about/h60agni/?utm_source=share&utm_medium=web2x&context=3
Here is the content about the UNITS in Page 13.
“We may issue units from time to time in such amounts and in as many distinct series as we determine. We will issue each series of units under a unit agreement to be entered into between us and a unit agent to be designated in the applicable prospectus supplement. When we refer to a series of units, we mean all units issued as part of the same series under the applicable unit agreement.
We may issue units consisting of any combination of two or more securities described in this prospectus. Each unit will be issued so that the holder of the unit is also the holder of each security included in the unit. Thus, the holder of a unit will have the rights and obligations of a holder of each included security. These units may be issuable as, and for a specified period may be transferable as, a single security only, rather than as the separate constituent securities comprising such units.
The applicable prospectus supplement will describe the terms of the units offered pursuant to it, including one or more of the following:
- the title of any series of units;
- the designation and terms of the units and of the securities comprising the units;
- the aggregate number of, and the price at which we will issue, the units and any provisions for the issuance, payment, settlement, transfer, or exchange of the units or of the securities comprising the units;
- the date, if any, on and after which the constituent securities comprising the units will be separately transferable;
- whether the units will be issued in fully registered or global form;
- a description of the terms of any unit agreement to be entered into between us and a bank or trust company, as unit agent, governing the units;
- a discussion of material U.S. federal income tax considerations;
- whether the units will be listed on any securities exchange; and
- any other material terms of the units and their constituent securities.
------------- End of Page 13 SEC Filing --------------------
It’s now starting….
The GME tokenized stock is now trading in FTX exchange in Germany, so what are tokenized stocks? This is a short video, and this Dude did a great job explaining it, remember the Chopsticks tweet when watching this:
https://www.youtube.com/watch?v=rHFb-OQr6rU
Tokenized are stocks that trade on traditional regulated exchanges. FTX lists tokens on select equities. These spot tokens are backed by shares of stock custodied by CM-Equity. They can be redeemed with CM-Equity for the underlying shares if desired.
GME has been listed on several crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, you can still easily buy this coin by first buying Bitcoin from any fiat-to-crypto exchanges and then transfer to the exchange that offers to trade this coin.
FTX has listed GameStop (GME)
https://help.ftx.com/hc/en-us/articles/360055676272-FTX-has-listed-GameStop-GME-
So, the next question is, ok you can trade using a GME tokenized stock (GME Token or the “UNIT”) but that’s only in Germany and not in the US, what platform and what technology fast enough, secure enough and highly scalable Decentralized Exchange (DEX) that can be processed thousands of thousands of requests per second? The answer is Loopring see their website for details: https://loopring.org/#/
- Also why do you think RC hire this guy from Loopring prior joining to GS -it’s so obvious “Duh”.
Former Business u/Loopring, CFA Charterholder
About the NFT.GameStop Marketplace with Loopring.
RC and GS formed an “All-Star” NFT Team, some of the names already available in the public (to name a few):
https://preview.redd.it/waemub8m93u71.png?width=288&format=png&auto=webp&s=62497b3795e06e224a8f6abb08741e6a778b472e
https://preview.redd.it/od6typ8q93u71.png?width=317&format=png&auto=webp&s=40f594c940a9926a3def6c6260bce092f1d8362b
https://preview.redd.it/entrvhvr93u71.png?width=324&format=png&auto=webp&s=e4f8badb6b4cebbe5bb4af2797e293fd73b5b005
https://preview.redd.it/oxscei0t93u71.png?width=288&format=png&auto=webp&s=919e39aec10de3a0e3decf0e663ab7ff2c534625
https://preview.redd.it/4hz6aiwt93u71.png?width=341&format=png&auto=webp&s=3db0d828227f0ec89f9f93b274ce4df3d8d256ec
https://preview.redd.it/37h18rlu93u71.png?width=303&format=png&auto=webp&s=e2a12f8cd3c8ae3eddf54f79800fb289f824e0a9
https://preview.redd.it/87i02knv93u71.png?width=319&format=png&auto=webp&s=22c71b985dc614b532cba713d1261e2d5c94da31
https://preview.redd.it/1u7ldwow93u71.png?width=291&format=png&auto=webp&s=18f822c5a585e12172ac44c9f80a6c17d7a667c2
(Source Code)
https://github.com/Loopring/protocols/commit/d048fa4019aa640180f041fa2e013c0a3cb8a729
Some information I picked-up from different website:
You can do other based trading on Layer-2. You can also transfer on Layer-2s. Right now, Loopring support ERC-721 and ERC-1155.
And then you have the ERC-20, I believe you have seen a lot of DD about 741 = ERC-721 + ERC-20
[ERC-20 GME Token](https://etherscan.io/token/0xd4596454a0e145842d1319d6921399e8e1622ad7)
[GME Token (ERC-20)](https://etherscan.io/token/0xd4596454a0e145842d1319d6921399e8e1622ad7) - Qty 12,000,000
[GME Token (ERC-20)](https://etherscan.io/token/0x5b7d043ecb3a694069cc01e763159ea1bde0541d) - Qty 69,420,000
Why it exceeds the total number of float shares if GS intension is 1 token for 1 share? if you read the SEC filing, GS stated that they can issue additional units (i.e., Token) “We may issue units from time to time in such amounts and in as many distinct series as we determine”.
NFT Possible Business Uses:
- In-store currency - GME Token can be used as an in-store currency/reward system.
- Crypto swap/exchange - Partner with an established cryptocurrency company to facilitate listing and conversion/exchange between crypto such as USDC or miscellaneous established coins or altcoins, and GME specific tokens. Use a GME app to manage a crypto wallet and exchange between various tokens/coins/currencies.
- NFT Collectibles - i.e., CryptoKitties, Gods Unchained, etc. Facilitate in-person trading (either in-store or via app to app trading) of digital items and collectibles between platforms.
- Digital game licensing - revolutionize DRM by hosting a record of your game license on the blockchain
- In-game item transfer/entitlement - Imagine if there was a way to trade/sell your CounterStrike skins in-person for cash, or exchange a cool knife skin for a new CryptoKitty
For conclusion, going back to Predictive Analysis of series of events and facts, I don’t think I need to spell out the outcome, the next question is when? IMHO, it’s in this quarter (4Q2021) since all the pieces of the puzzle been formed already and announcement can come anytime now.
Friendly reminder: As you know we have been invaded by lot shills, FUD and SHF interns and even Shitadel’s hired professionals as way to demoralize the Apes and trying to counter any DD or even facts by commenting that will confuse or misled others, the best you can do if you read one is to downvote them. I accept constructive criticism and willing to update/correct any misinformation if we have the majority and/or similar intensions. This is an NFA (Not a Financial Advice) – Thank you - Ey
