Gecoin(GEC), the native token of Geco.one trading platform, is an ERC-20 utility token created on the Ethereum Blockchain. GEC has a deflationary mechanism built to stimulate the coin’s value over time with a burning procedure. This procedure ensures all GEC used on the platform will be sent to a unique wallet address without the key. The token can never be retrieved by anyone, which reduces supply, making it scarce and giving value simultaneously.
The first token burning procedure will take place on the 21st of December, 2021 and will subsequently occur at every three-month interval.
Gecoin main utility features
1. LOWER TRANSACTION FEES
A 20% discount on all transaction fees, reducing the default fee from 0.04% to 0.032%.
The staking feature enables users to generate passive income and earn up to 8% by locking up their funds for a specified period using four different cryptocurrencies: BTC, ETH, USDT & GEC.
Available staking plans 30, 90, 180 & 360 days. — coming in January 2022.
3. PAMM (Percentage Allocation Money Management)
PAMM is a solution that allows users to invest in one or multiple trading accounts run by verified traders, allowing them to generate profit for you at the same time they make one for themselves. Every investor will have a STOP LOSS feature available at their disposal and will be able to withdraw their funds at any given time. — coming in September 2022.
4. Trading with GEC on Geco.one
In addition to all features described so far, GEC token holders will also be able to use GEC tokens on Geco.one trading platform just like BTC, ETH and USDT. Users are currently only allowed to trade on all instruments using BTC, and trading using BTC, USDT, ETH & GEC will be enabled in January 2022 after the major update.
Trading with GEC on external exchanges will commence on the 21st of January 2022.