Gecoin functionalities in a nutshell — everything you need to know about the Geco.one’s cryptocurrency derivatives exchange GEC token

Gecoin (GEC token) is a utility token built on the Ethereum network (ERC-20 standard). The GEC token is a deflationary token. Gecoin’s deflationary tokenomics mean that each GEC is burned once used on the exchange. Burned tokens are permanently removed from circulation, lowering the total supply.

You can use Gecoin when making transactions. Every Gecoin hodler can use it on the Geco.one exchange as collateral while trading. Thanks to GEC, operating costs are 20% lower. Gecoin can also be used for staking four different cryptocurrencies: BTC, ETH, USDT & GEC, and bring you a passive income up to 8% per annum, effectively exceeding the current banking offers. To access a 20% discount on trading fees and gain access to staking, you need to purchase the monthly subscription (cost 5GEC/month). You can buy Gecoin on CEX — Coinsbit & Latoken or DEX — Uniswap. The utility of the token brings hope that it will be a great success, and its advantages will satisfy the needs of many traders.

Geco.one describes itself as a crypto derivatives exchange.

Geco.one offers products including derivatives & staking, volatility products and leveraged tokens.