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What Is Gxy Staking Platform About

Gxy staking platform is one with bounty benefit such as TRON dividends and at the end of each day, a TRON dividends pool will be calculated and allocated to all the open stakes based on their stake amount. 

The TRON dividends pool comes from the total daily entry of auction lobby.The only way to receive TRON Dividends is having open stakes.

  • 97% Divs
  • 180 Day Max Stake
  • Premine reduced to 10 coins

 

Gxy Staking Platform Review

Below is a walkthrough of some services.

Daily Auction Lobby

Gxy Staking Platform Daily Auctions will start from 2.5 million GXY tokens per day and will be distributed between the users that participated in Auction based on their purchase amount. This will reduce over the next 365 days.

 

Daily TRON Dividends

Everyday 97% of the previous day’s TRX that was spent in the Auction Lobby will be pooled and allocated to users based upon their completed stake terms.

 

Lucrative Staking System

Stake your GXY tokens within the Staking Portal and earn daily interest. Additionally, Stakers are rewarded TRX tokens from the daily Lobbies based off the percentage of total tokens being Staked.

 

Gxy Staking Platform Referral

Your referrals will earn an extra 5% minted GXY tokens on their Auction Lobby Purchase. 

As a referrer on the Gxy Staking Platform, you will earn an extra 10%. There are no limits on number nor the amount of referrals that you can get.

 

Is Gxy Staking Platform Legit

We can’t ascertain that at the moment. Nonetheless, auction lobbies are Daily Auctions that offer GXY tokens for TRON based on the GXY and TRON pool at the end of the day.

Lobbies GXY pool will start from 2.5 million GXY per day and goes until 1 million over the next 365 days but never goes lower than 1 million tokens per day.

Dividends, well at least 97% of them! The other 3% is reserved for promotion and platform development costs.

 

Gxystake.io Review

Gxystake.io is ranked #440,567 among millions of websites according to Alexa rank. An Alexa rank higher than 0 and less than 500,000 means the site has a good amount of traffic. The more Alexa rank is low (but > 0) the more the website is popular.

The domain name was registered only 6 days ago. A domain created less than 3 months ago is considered new and thus potentially suspicious. We may not have enough details to judge a website created only a few months ago.

The domain name has a credibility score because of it TLD. I would not participate in Gxystake.io if it ends with .XYZ or .CLUB or .TOP. 

We check the domain extension (TLD) to see if it is related to commonly abused TLDs. Many scam websites have domains that end with uncommon and cheap TLDs.

 

Is Gxy Staking Platform Scam

On the basics of this Gxy Staking Platform review, No one has reported it’s scam to me yet and due to number of logged files on my checklist, always share your opinion in the comments section. 

This will help potential Investors or users of the platform from falling prey. Likewise, don’t forget to also scroll down to check if there is any comment.

Don’t be deceived by offers looking too good to be real, if it looks too good to be true, pay attention.

Check if the site has an active social presence (Facebook, Twitter, Instagram)

 

Disclaimer 

This Gxy Staking Platform Review Article isn’t aimed at defaming Gxystake.io nor is it targeted to promoting them. 

This article is strictly for enlightening purposes and a honest guide from our perspective because we strongly believe every brand needs a good background check.

Team Xycinews is no third party and we can’t handle any queries whatsoever. 

 

@The Blogger Scientist

 

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Naabiae Nenu-B is a Medical Health Student and an SEO Specialist dedicated to flushing the web off fake news and scam scandals. He aims at being "Africa's Best Leak and Review Blogger" and that's the unwavering stand of Xycinews Media.

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Review

Tesla May Allow Bitcoin Payments, Elon Musk Tweeted

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Tesla cloud let Bitcoin payments back into it’s transactions, this is what Muck said in his new tweet! It seems he won’t stop tweeting about Bitcoin. After he got some threats by hackers after all! Tesla CEO Elon Musk, tweeted that the e-car company will restart Bitcoin payments when the cryptocurrency’s clean energy utilization gets to the 50 percent threshold.

When we have the confirmation of sensible (~50%) clean energy utilization by miners with affirmative future trend. Tesla will restart letting Bitcoin transactions.

Moreover, Musk declined pumping and dumping Bitcoin. He talked about the allegations that Sygnia CEO Magda Wierzycka made as “inaccurate.”

Tesla’s Bitcoin Holdings

Musk once again confirmed that Tesla only sold 10 percent of its holdings. They did that in order to test the cryptocurrency’s liquidity without moving its price. As you can see, they moved the price of cryptocurrency’s price a lot! Especially Bitcoin.

As you know, Tesla stopped Bitcoin payments because of the harmful environmental impact of mining. They announced it on May 12. As a result this triggering a sharp market correction.

As stated by Ark Investments, over 70 percent of Bitcoin miners are powered by renewable energy by now.

liquidity

In its most simple form, liquidity is about how simple it is to convert cryptocurrency into cash fast. And also as if this can be obtained without the asset’s value affliction. A cryptocurrency that is liquid usually trades around its market price.

Bitcoin Price

This news maybe cloud help Bitcoin’s price in the market. And in addition it could help the whole market. At time of this writing, Bitcoin’s price is 39,209.20$. So, it seems the market is promising after days of low trades in the market. With bitcoin and other cryptocurrencies. Musk’s actions on social media about cryptocurrencies usually make prices soaring or plummeting.

Bitcoin future is promising. After are it is the big boy in the whole crypto market. Once before, Musk made Bitcoin price goes up, when he announced that Tesla will accept this coin. Then he took it down, when he tweeted that they stopped accepting Bitcoin in their transactions. And, now they are opened to the option again.

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Review

Bitcoin analyze, Bitcoin Reached to the Resistance line 39,270$

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We observed a positive candle, with the reopening price of 35546. Which it reached 39,380$ at the highest price, and 34,757$. Bitcoin candle couldn’t reach the resistance line 39,270 in Jun 10. In the result of that, it went back down for more time. We expected that Bitcoin touches the floor of the most probable scenario 32,612.

Even we predicted that, This time the chance of breaking this supportive line increase slightly. Although this scenario, was our third scenario. But, despite of our expectations, Bitcoin toughed the resistance line 39,270$ for the third time, by today’s candle.

For now, Bitcoin had reactions, to some extent, relative to this resistance line. And it went back down. So, about our current scenarios, we are insisting in our the most probable scenario, which is the swing between 32,612$ and 39,270$.

The second scenario is; breaking the resistance line 39,270$, and forming new ascending process.

And the third scenario is; breaking the resistance line 32,612$, to hit a fall around 25,299$.

So, with what happened with today’s candle, we entered to the second scenario. This means ascending process is happening. In conclusion, it is better to have caution until to a resistance line above 39,270$.

But, for now, in the current short term, we consider the line of 32,612$ as the first support. And, the line of 39,270$ as the first resistance.

Binance Analyze

We expected this coin to increase to the resistance line of 423$. And after that, we expected short time correction to get to the supportive line 337$. And, most likely to get on track of increasing. This time with the goal of passing the resistance line of 423$ and reaching 560$ resistance. All of our expectations came true.

Moreover, we expect BNB coin starts a new increasing process. The primary purpose of this coin is; to revisit to the 423$ resistance line. And, after that we expect that, NBN pass this resistance line and touches 560$ the resistance line.

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Review

Bitcoin ‘Options Smile’ Displays Market Terrified of Even with Tesla News

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Bitcoin option’s smile appears persistent fears of huge fall and low expectations for a quick rally. Bitcoin had a positive performance in the past 24 hours. This was because of the comments by Tesla CEO Elon Musk. He said that the electric car maker would accept crypto transactions. They will accept it on the condition of reasonable clean energy use by miners.

In result of this comment, Bitcoin experienced a positive rally and the price increased. However, the move to 2.5-week highs above $39,000 failed to quiet market fears. That’s clear to see from a chart pattern known as the “options smile,” which presents relatively higher implied volatility or demand. They are for options at strikes under bitcoin’s current market price than the implied volatility for higher strikes options.

The especial manufacture talks about great fears and continued request for downside hedges. As tweeted by trader and analyst Alex Kruger. In simple words, investors continue to buy puts in anticipation of a more profound price decline.

Options smile, a U-shaped graph looks like a smiley emoticon. And that is created by planning implicit volatilities opposed to options at various hit prices expiring on the same date.

Implicit volatility is investors’ expectations of price turbulence over a specific period. A higher implicit volatility outcomes from bigger demand for options and the other way around.

Options of Sell and Buy

Options are hedging tools that give the buyers the right but not the commitment to buy or sell an underlying asset at an established price on or before a specific date. Thus, a call option represents the right to buy and put the right to sell.

The fast slope at lower strikes throws back fears of a sell-off and the flatter slope at the right end displays market contributors regard rallies, if any, to be slow.

Some may say that the steeper slope at lower strikes can steam from increased request for call options or bullish bets than for protective puts. But, put-call deviations, which calculate the cost of puts relative to calls, say something else.

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