G

GBM

Online auction platform with bidder incentives

Technical Support

Full-Time
No salary listed
Junior
Panama City, Panamá Province, Panama
In Person
IT OperationsIT Service Desk & End User Support

About the job

Requirements
  • Have 6 months to 1 year of professional internship experience in technology departments.
  • Have basic knowledge of operating systems and Office tools.
  • Have basic knowledge of networks, including connectivity and VPN.
  • Be able to configure computers.
  • Have basic knowledge of security and IT policies.
  • Have experience managing tickets.
  • Have knowledge of Windows operating systems.
  • Have technical education, be a university student nearing completion, or be a university graduate in Electronics, Systems, or a related field.
  • Have basic English.
  • Possess a personal vehicle and a Category D driver's license is desirable.
Responsibilities
  • Meet customer needs by preparing, installing, and providing incident support for serviced equipment.
  • Ensure compliance with customer contractual commitments and inform the Supervisor or Manager about identified issues that could put those commitments at risk.
  • Respond to incidents and requests in a timely manner, meet SLA requirements, and keep cases correctly updated.
  • Manage technology infrastructure in line with customer OLA and SLA commitments and maintain the health of day-to-day processes with business units.
Desired Qualifications
  • Knowledge of ITIL is desirable.
  • Having a personal vehicle and a Category D driver's license is desirable.

About the company

GBM operates an online auction platform (gbm.auction) that pays bidders a payout whenever another participant places a higher bid, using a patented Bidder Incentive Auction™ built into its technology. The system, used by both auctioneers and bidders, is designed to increase bidding activity and push higher hammer prices while rewarding participants who do not win. It differentiates itself from traditional auctions by turning bidding into a continuing incentive, rather than a zero-sum activity, and is connected to Bidwrangler, a related online auction software. GBM’s goal is to boost engagement and final sale prices, aiming to raise hammer prices by incentivizing ongoing participation; the company reports over $200 million in bidding volume and more than $6 million paid to bidders since its founding in 2017 by Brendan O’Connell.

Company Size

1-10

Company Stage

N/A

Total Funding

N/A

Headquarters

London, United Kingdom

Founded

2020

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Simplify's Take

What believers are saying

  • Polygon featured GBM on June 22, 2026, signaling ecosystem validation.
  • GBM's July 2026 live auctions and X posts show ongoing merchant activity.
  • GBM reports $200M+ bidding volume and $6M+ bidder earnings, implying measurable traction.

What critics are saying

  • GBM's protocol was wound down in 2026, signaling decentralization product-market fit failure.
  • Incentive bidding attracts mercenary participation, compresses seller margins, and weakens repeat bidder loyalty.
  • Incumbent auction software and Polygon-native rivals can copy rewards, erasing GBM's edge by 2027.

What makes GBM unique

  • GBM's Bid-to-Earn auctions pay outbid bidders, turning participation into a rewarded game.
  • White-label deployment targets Equippo, Auction Vault, RightOfTheDot, and Cambridge Salon.
  • Polygon optimization and Stripe-powered fiat auctions extend GBM across crypto and traditional commerce.

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Benefits

  • Hybrid Work Options

Company News

IMUA
Sep 8th, 2025
Introducing the Imua Initial Distribution Auction (IDA)

To solve this, Imua has partnered with GBM Auctions to introduce a new model: the Imua Initial Distribution Auction (IDA), a transparent, fair, on-chain auction where bidders earn yield when outbid.

ZyCrypto Media Ltd.
Jun 26th, 2025
GBM Launches Its Inaugural Auction Festival with Renowned Web3 Names

GBM, an auction protocol committed to redefining how value is distributed onchain, announced today that it has launched its inaugural Auction Festival with top web3 leaders.

The Daily Hodl
Jun 26th, 2025
GBM Launches Auction Festival with The Sandbox, Aavegotchi, Unstoppable Domains, and More

GBM, the auction protocol reinventing how value is distributed onchain, has announced the launch of its inaugural Auction Festival, a multi-month celebration of auctions, rewards, and community participation.

ZyCrypto Media Ltd.
Jun 12th, 2024
GBM Auctions Announces the Completion of the First Charity Bid-to-Earn Auction for the Polkadot Ecosystem

Since GBM Auctions introduced its Bid-to-Earn system in 2018, it has successfully conducted over 70,000 auctions, resulting in bidders earning a remarkable sum of over $6M.