Hello Steemians,
I wanted to share some information and updates on a new ICO I'm very excited about called Gold Reward(GRX)
The multipurpose cryptocurrency based on the Ethereum blockchain framework. ๐
Gold Reward definitely stands out from the rest of the lending platforms on the market. The thing I feel is the most attractive for people is the opportunity to make passive income from staking simply by holding tokens in wallet and referrals. GRX is not just a lending platform but its also a multipurpose cryptocurrency integrated on the Ethereum blockchain framework.
The Pre Sale ended quickly and Round 1 sold out quickly in about 24 hours. Round 2 is set to start ahead of schedule in a few days.
For those interested in learning more and purchasing GRX during their Round 2 bonus you can register here https://goldreward.io/join/stacking9mm
You will need a MyEtherwallet to participate which is very easy to setup. Here is a document on how to setup a wallet and participate in the Gold Reward ICO. https://goldreward.io/How%20to%20participate%20in%20the%20GRX%20ICO.pdf
The fact GRX is also based on the Ethereum Blockchain framework is a positive sign as you can immediately hold your coins on a wallet with your own private keys. This definitely gives it more credibility. Below I wanted to share the GRX Token details.
According to the Gold Rewards website.
"GRX serves three main functions - a high value reward coin; a gamification technology and fuel for an intelligent analytics engine.
The future we see is one in which GRX drive most mobile device assisted consumer centered systems like travel, games, sports, health etc."
A few things that stood out to me about researching into GRX besides the staking rewards and up to 45% lending platform and multi-use cases.
"GRX Tokens held by strategic investors are frozen until 6 months after Crowd sale has ended."
I feel this will help with the keeping the price stable and from dumping once it hits the exchange.
"All leftover tokens will be burnt after the Crowd sale except otherwise decided by the community. We are very optimistic there will be no leftovers."
This is also positive for increasing the price of Gold Reward after the ICO. Another thing I look for in a coin or token is the circulation supply. GRX has a very low circulation supply compared to most coins which gives it strong potential to increase in price quickly with demand. Specifications listed below.
Token Name: GOLD Reward Token
Abbreviation: GRX
Available Token Supply: 20,000,000GRX
Available Token for ICO: 17,500,000GRX (87.5% of Total Supply)
Something interesting to note about the potential of the future price of GRX. This is taken from the GRX white paper and based on the Six month Market Capitalization projection based on analysis of possible GRX token adoption and lending platform Investment is Approximately $1,000,000,000
" Therefore 6 month price projection
= $1,000,000,000 (Market Cap.) / 17,500,000 (Approx. Circulating supply)
= $57 Per GRX Token.
Percentage GRX Token appreciation from $0.68 to $57 = 57 x 100 / 0.68 = 8,380% "
The sixth month price projection of 57 is an impressive profit but even 5-10$ per token would be a huge profit for those who purchased during the ICO.
For those interested in learning more and purchasing GRX during their 10% bonus you can register here https://goldreward.io/join/stacking9mm
Thank you for reading and let me know if you have any questions.
Wishing everyone the best of luck and success with their investments ๐
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Excellent overview. I like the fact grx is run on ethereum. I think that makes it more credible than other lending platforms. How high do you think it will go when it hits the exchange?
Thank you. I usually don't try to predict a price on an ICO but based on the circulation supply I wouldn't be surprised to see anywhere from 4-5$ opening. The last round of the ICO the price will be 96 cents so anyone buying now is getting a nice discount for potential 5x profits. The target is GRX's road map is about 50$ in 6 months but of course many things can happen from here to then. I actually think it has a good chance to getting to 20$ by early 2018 based on what I've researched in their white paper and road map.
What is the staking reward?
Hello railr. Thanks for the question. I was actually wondering these details myself so I just sent Gold Reward a private message and asked for more details on the payouts for staking. As soon as I find out I will share it on here. From my experience with staking coins it all depends on the amount of coins one holds. Some have a much higher percentage of payouts than others. The way I see it its a nice bonus on top of the lending to make extra passive profits.
Hi railr. To answer your question regarding staking I found this in the GRX whitepaper under 2.5. https://goldreward.io/GRX-white-paper.pdf Best of luck to you and let me know if you have any other questions. Stage 1 just started.
2.5 Balance Bonus (Staking)
"This is a way of making passive income which is similar to Staking in
Proof of Stake Coins. GRX is a Proof of Work Token, however by keeping
a specific amount of tokens in your wallet, you provide security and
stability to the system and you get rewarded with more tokens . Our
platform pays you a percentage of your minimum balance in a month
(please refer to the schedule below for percentages). Your minimum
balance begins to count from the first day of the month and must be
maintained through the entire month to be paid Balance Bonus. The
Balance Bonus for the previous month is paid on the 5th day of the
following month." More info with graphs can be found on their white paper.
For those interested in learning more and purchasing GRX during their 10% bonus you can register here https://goldreward.io/join/stacking9mm
Wishing Everyone the best of luck and success with their investments! ๐