Gaimin Chosen as Inaugural Incubatee
GAIMIN, the leading provider of decentralised data processing power through gaimin.cloud, has been handpicked by CoinMarketCap (CMC) to be one of the first projects incubated under the newly launched CMC Labs accelerator program. CMC is a trusted source of news, data, and community engagement for the crypto market and stakeholders, with over 64 million daily active users. The CMC Labs incubator program aims to collaborate with organizations that have demonstrated strategic ability in delivering innovative products and services within the crypto industry.
GMRX Token Incubation
GAIMIN has been selected by CMC for the incubation of its utility token, GMRX. The GMRX token is designed to support the GAIMIN ecosystem and provide maximum utility to gamers through its games launcher, gaming platform, and monetization engine. Being chosen by CMC as one of the first incubated projects is a testament to GAIMIN's strategic approach to product development and services prior to the listing of GMRX.
Statement from GAIMIN CEO
Martin Speight, the CEO of GAIMIN, expressed his delight at being selected by CMC for incubation, stating that the combination of CMC's vast user base and expertise in the crypto industry will provide an excellent foundation for the successful launch of the GMRX token.
Statement from CoinMarketCap CEO
Rush, the CEO of CoinMarketCap, expressed pride in welcoming GAIMIN as an incubatee of CMC Labs, highlighting GAIMIN's pioneering role in the Web3 gaming space and its ability to provide gamers with new ways to earn rewards and own in-game assets. He further emphasized the close collaboration between the two teams to help GAIMIN achieve its full potential.
GAIMIN's Product Development and Partnerships
GAIMIN has spent the past five years developing its products and services, with a specific focus on the gaming ecosystem and its user community. The company has a working product and partnership agreements with AI-focused companies for monetizing data processing services. This track record played a crucial role in CMC's decision to select GAIMIN for its incubator program. GAIMIN is now poised to have one of the most highly anticipated token listings in 2024, ensuring a successful launch of GMRX in the crypto market.
Mutual Benefits of the Incubator Agreement
The incubator agreement between GAIMIN and CMC Labs offers mutual benefits to both organizations. GAIMIN gains access to CMC's vast user base and market expertise, while CMC benefits from brand inclusion on Gaimin Gladiators' esports team merchandise and social media posts. Gaimin Gladiators has already achieved significant impressions, and further growth is anticipated in 2024 through the success of existing teams and the acquisition of new game genres and teams.
About CoinMarketCap
CoinMarketCap is the world's most-referenced price-tracking website for cryptoassets in the rapidly growing cryptocurrency space. Its mission is to make crypto discoverable and efficient globally by providing unbiased, high-quality, and accurate information to empower retail users.
About GAIMIN
GAIMIN.IO Ltd (GAIMIN) is a UK and Swiss-based gaming company that focuses on helping the gaming community monetize the computational power of their gaming PCs. GAIMIN has created a decentralized data processing network that utilizes underutilized processing power in gaming PCs to deliver supercomputer performance. Through its PC-based application, GAIMIN monetizes this underutilized performance and offers supercomputer-level data processing services through a worldwide network of independent processing devices. GAIMIN rewards users with its own cryptocurrency, GMRX, which can be used for purchases on the GAIMIN Marketplace or converted to fiat or other cryptocurrencies.
For more information on GAIMIN, please visit the website: www.gaimin.io
To download the GAIMIN app, visit: www.gaimin.gg
For up-to-date information, please follow the following GAIMIN social media accounts:
- Facebook: https://www.facebook.com/Gaimin.io
- Instagram: https://www.instagram.com/gaimin_io/
- Twitter: https://twitter.com/GaiminIo
- LinkedIn: https://www.linkedin.com/company/gaimin/
- YouTube: https://www.youtube.com/c/Gaimin
- Telegram: https://t.me/+XFTC523WeTI1MjA0
- Discord: https://discord.gg/SmYsmVS8x7
- TikTok: https://www.tiktok.com/@gaimin.gg
For further information, please contact:
- The Americas, Middle East, and Australian Pacific – Andrew Faridani, Chief Marketing Officer for GAIMIN (based in Toronto, Canada): andrew@gaimin.io
- UK and Europe – Marc Bray, Chief Communications Officer for GAIMIN (based in Manchester, UK): marc@gaimin.io
Frequently Asked Questions
Can you make a profit on a Gold IRA?
Two things are necessary if you want to make a profit on your investment. First, you need to understand the market. Second, you need to know what type of products you have.
If you don’t know anything, it is best to wait until you have enough information so that you can trade effectively.
You should also find a broker who offers the best service for your account type.
There are many accounts available, including Roth IRAs and standard IRAs.
A rollover is also an option for those who already own stocks and bonds.
How Much of your IRA Should Be Made up of Precious Metals
Protecting yourself from inflation is best done by investing in precious metals such silver and gold. It’s not just an investment for retirement; it also helps you prepare for any economic downturn.
While silver and gold have seen significant increases in the last few years, they are still safe investments since they don’t fluctuate as often as stocks. There is always demand for these materials.
Predictable and stable prices for gold and silver are common. They are most likely to rise when the economy grows and fall during recessions. This makes them very valuable money-savers and long term investments.
Your total portfolio should be 10 percent in precious metals. If you wish to diversify further, this percentage could be higher.
What are the pros & cons of a Gold IRA?
An excellent investment vehicle is a gold IRA. This is for people who wish to diversify but do not have access to traditional banking services. It allows investors to invest in precious materials such as gold and silver without paying tax on gains until they are withdrawn.
The downside is that early withdrawals will result in ordinary income taxes on earnings. These funds are not held in the country so creditors cannot seize them if you default on your loan.
A gold IRA is a great option if you want to own gold but not worry about taxes.
Are precious metal IRAs a good investment?
It all depends on your willingness to take the risk of an IRA account losing its value. If you have $10,000 cash, they make sense as long as you don’t expect your IRA account to grow rapidly. They may not be the best investment option for you if your goal is to save money over many decades and to invest in assets with a high likelihood of increasing in value (gold). You may also have to pay fees, which can reduce your gains.
Statistics
- Silver must be 99.9% pure • (forbes.com)
- To qualify as IRA allowable precious metals and be accepted by STRATA, the following minimum fineness requirements must be met: Gold must be 99.5% pure, silver must be 99.9% pure, and platinum and palladium must both be 99.95% pure. (stratatrust.com)
- The maximum yearly contribution to an individual’s IRAs is currently $6,000 ($7,000 for those 50 years or older), or 100% of earned income, whichever is less. (monex.com)
- Same tax rules as traditional IRA SEP IRA contributions in 2022 are limited to 25% of compensation or $66,000, whichever is less Before setting up a Silver IRA, understand the fees and IRS restrictions. (sltrib.com)
External Links
en.wikipedia.org
wsj.com
takemetothesite.com
investopedia.com
How To
How to start buying silver with your IRA
How to get started buying silver with your IRA – Owning physical bullion directly is the best way for you to invest in silver and gold. Because they provide liquidity and diversification, silver bars and coins are the most preferred form of investment, however, many prefer to own physical bullion rather than paper certificates or electronic currencies.
There are many options to buy precious metals like silver and gold. You can either buy them directly from their producers like mining companies or refiners. If you don’t want the hassle of dealing with a producer directly, you can purchase them from a dealer that buys and trades bullion products.
This article will discuss how to start investing in silver with your IRA.
- Investing Directly in Gold & Silver – This is the first way to get precious metals directly from their source. This allows you to get the bullion directly and have it delivered directly to your home. Some investors store their bullion in their home. Others choose to store their bullion in a safe storage location that is insured and protected. When you hold onto your precious metal, ensure you’re storing it properly. Many storage facilities offer insurance that covers theft, fire, and damage. But, even with insurance, you can lose your investments because of natural disasters and human error. You should always store your precious metals safely in a bank safe deposit box or credit union.
- Buy Precious Metals Online: If you don’t want to carry around heavy boxes full of precious metals, there are other options. Bullion dealers can sell bullion in various forms, including bars or coins. You can find coins in many sizes, shapes, or designs. Coins are generally easier to transport than bars and more affordable. Bars come in different weights and sizes. Some bars are heavy and weigh hundreds of pounds while others only weigh a few grams. You should consider the purpose of the bar before you decide on which one to get. You might consider a smaller bar if you intend to give it as a gift. If you are looking to add it as a gift, or to proudly display it, you may want to spend a bit more and buy something larger.
- Precious Metals From Dealers – A third option to buying bullion is from a dealer. Most dealers have a specific area of expertise, usually in silver or gold. Some dealers specialize exclusively in certain types or bullion, like rounds or minted money. Others are more skilled in certain regions. And yet others specialize in bulk purchases. No matter which dealer you choose to work with, you will likely find they offer affordable prices and easy payment options.
- Buy Precious Metals Through Retirement Accounts. Although it is not considered an “investment”, investing in retirement accounts can provide exposure to precious metals. You must make investments in precious metals via a qualified retirement account to be eligible for Section 219 tax benefits. These include IRAs as well 403(b), 401(k), and 403 (b) plans. These accounts offer higher returns because they are created to help you plan for retirement. These accounts also allow you to diversify across multiple metals. The drawback? There are limitations to retirement account investments. Only people who work for employers that sponsor them can invest in these accounts.
—————————————————————————————————————————————————————————————-
By: Media
Title: CoinMarketCap Selects Gaimin’s GMRX Token for Incubation in Collaboration with CMC Labs
Sourced From: news.bitcoin.com/coinmarketcap-announces-gaimins-gmrx-token-to-be-incubated-by-cmc-labs-in-a-historic-first/
Published Date: Thu, 04 Jan 2024 18:00:19 +0000
