How GRX works:
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
What is Gold Reward?
Just like bitconnect and more recently regalcoin, the new platform offers lending and is offering users a huge interest rate of up to 35% per month. They make money by trading bitcoin and other altcoins which allows them to pay such a high rate of interest on any money that is sent to them.
The new platform has 3 main functions- a cryptocurrency coin that can be sent as payment or gifted to friends like with bitcoin and other popular coins, a gamification technology and fuel for an intelligent analytics engine.
Why I feel it has strong potential for success.
The fact is there are many lending platform coins coming out lately and its good to be skeptical and do extensive research before investing. There are a few things that I feel makes Gold Reward stand out from the rest. GRX is not just a lending platform but its also a multipurpose cryptocurrency integrated on the Ethereum blockchain framework. This alone makes it stand out and shows it has the ability to expand and grow especially as GRX will also have use cases based around Gamification.
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."
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.
A few things that stood out to me about researching into GRX besides the 35% lending platform and multi-use cases.
There is a maximum of 500 GRX tokens a person can purchase per day. I feel this is a great idea to stop whales and hoarders from dumping the coin and allows everyone a chance to purchase a solid amount during the pre sale and ICO.
Another positive is "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.
3.This is also extremely positive for the price of the GRX token. "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."
4.Opportunity to make passive income from staking simply by holding tokens in wallet.
5.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.
As many of us know ICOs do have their risks so never invest more than you can afford to lose. I personally feel confident with Gold Rewards and their concept so I purchased 1,000 since the pre sale began. After purchasing and following the directions from their website the GRX tokens show up in myetherwallet.
Interest rates:
The new website states that they offer interest rates based upon how much you lend them, interest rates are paid daily directly into your account, the details are:
$100-$1000: Up to 1% interest daily with your capital returned after 280 days.
$1001-$5000: Up to 1.1% interest daily with your capital returned after 260 days.
$5001-$12,000: Up to 1.2% interest with your capital returned after 170 days.
$12,001-$100,000: Up to 1.3% interest with your capital returned after 120 days.
Conclusion:
If you missed out on the ICO of other lending platforms this new ICO is your chance. Bitconnect has risen to over $150 per coin and Regalcoin is fast catching up with a price now over $40 per coin.
The lending platform offers a high rate of interest that is sure to attract many investors.
Join and register with the link down below to get 10% bonus :
https://goldreward.io/join/bitmoon
Remember: You are the decision maker.
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Have a wonderful week ahead. CHEERS!