Have you ever heard about Gecoin but? If not, we’re right here to introduce you to its most important utility options and funding potential.
The Gecoin Geco. one cryptocurrency derivatives trade makes use of the GEC utility token. This trade was launched in August 2020 and is registered in Estonia. Geco One OÜ is acknowledged as a Founding Member of the Polish-Estonian Chamber of Commerce.
Customers of the trade can entry the preferred cryptocurrency pairs and commerce them utilizing BTC, ETH, GEC, and USDT as collateral. The trade gives all the required skilled instruments for a clean buying and selling expertise.
Gecoin, the token used on the platform, is predicated on the Ethereum community, which is extensively accepted within the cryptocurrency business. The overall provide of GEC is proscribed to 173,105,106 tokens, and it follows a deflationary tokenomics mannequin. To cut back the entire provide to lower than 50% of the preliminary quantity (80 million GEC), burning occasions will happen each 3 months.
GEC Worth Statistics
- Gecoin Worth $0.060319
- Market cap
- 24 hours Low / 24h Excessive $0.059462 / $0.060913
- 7d Low / 7d Excessive $0.02549907 / $0.062359
- Buying and selling Quantity $349
- All-Time Excessive $0.281795 -78.58%
- Could 26, 2022 (about 1 12 months)
- All-Time Low $0.02547893 136.92%
- Aug 21, 2023 (3 days)
Gecoin’s most important utility options
Beginning in January 2022, prospects of the Geco. One cryptocurrency derivatives platform can have the choice to buy a month-to-month subscription utilizing GEC tokens. This subscription will grant them entry to a variety of extra options, together with:
1. REDUCED TRANSACTION FEES
Customers will take pleasure in a 20% low cost on all transaction charges, leading to a lower within the default price from 0.04% to 0.032%.
2. STAKING
By taking part within the staking characteristic, people can generate passive earnings by locking up their funds for a selected interval. This may be accomplished utilizing 4 totally different cryptocurrencies: BTC, ETH, USDT, and GEC. Customers have the potential to earn as much as 8% via this staking course of.
3. GEC TRADING ON GECO.ONE
Along with the aforementioned options, people who maintain GEC tokens will now be capable to make the most of them for buying and selling on the Geco.one platform, alongside BTC, ETH, and USDT. The power to commerce GEC tokens on exterior exchanges will start on January 21, 2022.
How lengthy can you retain an open place for on Geco.one?
Your place can stay open so long as your out there margin doesn’t attain 0%. Nonetheless, you will need to notice {that a} SWAP price of 0.01% will probably be utilized each 8 hours.
All deposits are processed on the Bitcoin (BTC) blockchain and require three block confirmations, which often takes round 20 minutes. The time might differ relying on the congestion of the Bitcoin community throughout your transaction.
Geco.one is dedicated to making sure that every one prospects can profit from holding crypto via the staking characteristic provided at app.geco.one.
To make the most of this, all it’s essential do is buy a month-to-month subscription value 5 GEC. This provides you with entry to staking and give you the required instruments to earn passive earnings in your most well-liked forex.
There are 4 totally different plans to select from, starting from 30 to 360 days.When you resolve to freeze your cash for 360 days, your reward will probably be 8% within the chosen forex.
Make the most of the downturn out there and make use of staking to maximise your good points. Staking refers back to the act of retaining a certain quantity of tokens in a digital pockets for a cryptocurrency and using them to help the functioning of a blockchain community. On account of staking their tokens, customers are ceaselessly rewarded with new tokens or transaction charges.
