News
GSX – When Crypto is Done Right
With all the hype right now around yield farming, there are so many new platforms entering the market it’s dizzying. Sadly, most of these platforms will not be around a year from now and their users will feel the brunt of this decision. The worst part is these losses are completely avoidable. You just need to use some sound financial understanding to see if the project you are investing in makes sense.
There are some new platforms in the space that do more than just hype users up. These platforms separate their firms from the pack via strict transparency and community governance. Transparency is a key component of a cryptocurrency’s ability to remain relevant. GSX is a new project that promises to push transparency to new levels.
Transparency is Needed
The crypto market lacks true transparency right now. Nobody can tell you what the value of their coin will be tomorrow except for stablecoins. Of these select coins, very few offer a true backed and pegged cryptocurrency. Many start with a 1:1 pegged coin then slowly, and through secretive changes of their terms of service, they veer off from this state of true pegged coins to some hybrid.
Tether is the world’s most successful stablecoin. However, this coin isn’t pegged at 1:1 with USD. Originally it was. However, after the issuance of billions in USDT, people began to question this association. It was soon revealed that the firm changed its terms of service to include fiat currency and company loans. At the time there weren’t very many options, so the market continued using Tether.
Today, there are more choices in the market. GSX is one choice that provides users with the protection and security they desire. The platform allows third-party auditors to evaluate its holdings and its value as a company. These valuations include the value of the mine and all the equipment as well. This total is the number used to determine what your yearly dividends will equal.
GSX token holders are the trust beneficiaries of the Apollo Financial gold mining operations. Currently, this impressive mining production plant is 5,000 acres. The mine is currently producing gold bullion. As the mine continues to produce more gold, the value of the land and the company appreciates. The value of gold also is set to appreciate for the coming years.
All of these factors mean that as a GSX token holder, your yearly dividends increase exponentially. There is no other blockchain asset with this capability. GSX is a smart long term and short term investment because of its flexibility.
Versatile
GSX combines the best elements from a stable coin, cryptocurrency, and investment coin and is the only stable coin that grows in asset value continually. As a commodity-backed stablecoin, GSX takes the crown. It is more stable than other gold coins and appreciates.
As a cryptocurrency, GSX beats out Bitcoin and the rest of the market. For one, GSX resides on the Apollo blockchain. This is the fastest blockchain in the world. Transaction speed tests put this blockchain’s transaction speed at below a second. When you couple this with the fact you can send GSX globally, it’s easy to see why people are starting to convert their Bitcoin over in record numbers.
Quantum Barrier
GSX is the world’s only quantum-resistant stablecoin. This title means that in the next five years, when these supercomputers become affordable, GSX users don’t need to scramble for protections. The rest of the market needs the equivalent of a technological miracle to prevent these machines from toppling their security.
Quantum computers are incredibly powerful. Just one machine has the computational power of an entire blockchain. Their entrance into the market will signal doom for many platforms who are carelessly avoiding taking the necessary precautions.
Gold vs. GSX
GSX is like Gold 2.0. It delivers the value of gold with the speed and flexibility of cryptocurrencies. Notably, GSX is much better suited to handle the day to day transactions of the population versus gold or fiat currencies. GSX is also safer to travel with, send, and store. Best of all, you will have a ton of storage options as GSX is their premier stablecoin for the Apollo network.
Now let’s scale this scenario in different ways. First, imagine the cost of sending a million in gold globally, probably at least $100,000. That comparison makes it easy to see GSX wins but let’s look at a different scenario. This time you have a million people all sending small amounts of gold globally. Even with Amazon’s fleet of drones, there are so many delays and risks that its almost impossible all of these payments make it to their destination.
If you were to evaluate a normal international transaction between gold and GSX, it would be no comparison. You could send $1 million in GSX in seconds globally for pennies. It will cost you around a hundred bucks just to send your necklace across the planet. Worst of all, it’s at risk of theft the entire route.
Dilution
Gold has another form of theft that is more notorious, theft through dilution. All through history people have melted down gold removed a little bit, and then replaced the stolen gold with another metal. It could be years before any ever notices. Sadly, this practice is a major issue for the market and will be forever.
Nobody can fake GSX, or force your transaction. This blockchain has the most advanced security protocols of all time. Only you hold the ownership of your GSX. No one can confiscate or steal your holdings. The only way you can lose your GSX is if someone talks you into sending it to them.
A Closer Look
Gold just doesn’t have what it takes to serve the needs of this digital generation. The world has more people than ever, and more opportunity. GSX allows users to leverage the latest tech to create a unique and extremely useful financial tool.
Pre-Sale
GSX has an exciting pre-sale event currently at GSXCDE.com. The firm has discounts of up to 50% for early bird investors. The company has already announced that it plans to burn 50%, of what is offered and not sold during the event. These deflationary tactics help strengthen the value of GSX even more.
Blockchain
Hashdex Unveils Innovative Dual Crypto ETF Targeting Bitcoin and Ethereum
In a strategic move to capitalize on the growing interest in cryptocurrency investments, Hashdex has announced its plan to launch a new Hashdex Nasdaq Crypto Index US ETF, which will track both Bitcoin (BTC) and Ethereum (ETH).
On Tuesday, Nasdaq published the 19b-4 application for this groundbreaking ETF, marking a significant development in the crypto investment landscape. Unlike traditional ETFs that focus on a single cryptocurrency, Hashdex’s new offering aims to provide exposure to the two largest digital assets by market capitalization simultaneously.
The decision comes shortly after the SEC’s approval of Bitcoin Spot ETFs earlier this year and amidst ongoing evaluations of various 19b-4 applications for Ethereum Spot ETFs in May. This move positions Hashdex uniquely in the market, allowing investors to benefit from the potential of both BTC and ETH in a single investment vehicle.
Bloomberg expert Seyffart weighed in on the announcement, noting that a dual BTC and ETH ETF from Hashdex, weighted by market capitalization, is a logical progression in the evolving ETF landscape. While Hashdex opted not to pursue an Ethereum Spot ETF application alongside other major issuers, their focus on a hybrid ETF underscores their commitment to innovation and strategic diversification.
According to the application, the Hashdex Nasdaq Crypto Index US ETF will include cash holdings but refrain from incorporating additional cryptocurrencies. If approved, custodianship will be entrusted to industry leaders Coinbase and BitGo, with the SEC’s final decision expected by March 2025.
This initiative marks a significant milestone as the first US spot ETF application encompassing more than one cryptocurrency. Current plans allocate approximately 74% of the ETF’s portfolio to Bitcoin and 26% to Ethereum, reflecting the respective market capitalizations of these digital assets.
While similar investment products are already available in Europe, such as Bitpanda’s Bitpanda Crypto Index 5/10/25, which tracks the largest cryptocurrencies by market cap, Hashdex’s dual crypto ETF aims to provide US investors with a novel opportunity to diversify their crypto holdings within a regulated framework.
In summary, Hashdex’s innovative approach to launching a dual BTC and ETH ETF underscores the increasing integration of cryptocurrencies into traditional financial markets. As regulatory approvals progress, this ETF could pave the way for broader acceptance and adoption of digital assets among institutional and retail investors alike.
Blockchain
Trader burns $340,000 in one minute with TrumpCoin
A Memecoin investor had to pay a heavy price for his mistakes. The trader lost over 340,000 US dollars in one minute. How the faux pas could have happened.
Memecoin Trader Loses Over $340,000 in a Minute Due to Fraudulent Transaction
A memecoin trader has reportedly lost more than $340,000 in less than a minute, according to the on-chain analysis service Lookonchain on X (formerly Twitter). The incident involved two transactions on Solscan, revealing a significant financial mishap.
On June 18, the trader attempted to exchange 2,500 SOL (approximately $342,000) for the newly launched TrumpCoin (DJT) using a trading bot. However, instead of receiving the legitimate DJT tokens, the trader was duped into obtaining 92,000 fake DJT tokens created by fraudsters. These fraudulent tokens were worth significantly less than the genuine ones.
The transaction took place through a “fake” liquidity pool on Raydium. This pool was not sufficiently funded and was filled with DJT tokens created by scammers. When the trader attempted to convert the DJT tokens back to Solana, the scam became evident. Unfortunately, by this point, it was too late, and the trader’s initial 2,500 SOL had dwindled to just under 5 SOL—a loss of over $340,000. For the fake DJT tokens, the trader received only $673.
The DeFi (decentralized finance) space is rife with such scams, where fraudsters set up fake liquidity pools to exploit traders’ mistakes. Some decentralized exchanges (DEXes) issue warnings to users about these scams, but trading bots typically do not provide such alerts. This lack of warnings is especially problematic with newly launched coins, where traders can easily fall into the trap of exchanging for the wrong tokens.
This incident highlights the perils faced by crypto investors beyond the usual price volatility. The affected trader remarked on X, “Life goes on,” reflecting a resigned acceptance of the loss.
Despite this unfortunate event, the world of memecoin trading has its success stories. Some traders have achieved remarkable profits in short periods. For instance, one trader became a millionaire in just five hours, while another made a profit of $9.5 million in ten days by trading the celebrity token MOTHER, associated with US rapper Iggy Azalea.
This stark contrast between potential gains and significant losses underscores the high-risk nature of the cryptocurrency market, particularly in the memecoin sector. Investors are reminded to exercise extreme caution and conduct thorough research before engaging in such trades.
News
WEMIX3.0 welcomes Sygnum as Node Council Partner “WONDER 18”
- Sygnum will contribute its digital asset expertise and operational experience as a regulated bank to further enhance the reliability of the WEMIX3.0 Mainnet
- The banking group will also participate in its protocol governance and contribute to the expansion of the WEMIX ecosystem
Leading global web3 developer Wemade is proud to announce that Sygnum, a global digital asset banking group, is joining the WEMIX3.0 Mainnet’s Node Council Partners as “WONDER 18”. The NCPs, known as 40 WONDERS (WEMIX On-chain Network of Decentralized Ecosystem Regulators), validate transactions and blocks on the blockchain, while maintaining connections with newly added nodes to ensure the stable operation of the Mainnet. Each new NCP, assigned a number between 1 and 40, plays a critical role in upholding the integrity and security of the WEMIX3.0 Mainnet.
Sygnum will contribute its digital asset expertise and operational experience as a regulated bank to further enhance the reliability of the WEMIX3.0 Mainnet, participate in its protocol governance and contribute to the expansion of the WEMIX ecosystem.
Sygnum is a global digital asset banking group, founded on Swiss and Singapore heritage. It empowers professional and institutional investors, banks, corporates and DLT foundations to invest in digital assets with complete trust. The Sygnum team enables this through institutional-grade security, expert personal service and a portfolio of regulated digital asset banking, asset management, tokenization and B2B services.
More information on Sygnum (www.sygnum.com) and 40 WONDERS (www.40wonders.wemix.com) can be found on their official websites.
About Wemade
A renowned industry leader and innovator in game development, WEMADE is leading a once-in-a-generation shift as the gaming industry pivots to blockchain technology. WEMADE aims to accelerate the mass adoption of blockchain technology, and is building through its WEMIX subsidiary, an experience-based, platform-driven, and service-oriented mega-ecosystem that will offer access to a wide spectrum of intuitive, convenient, and easy-to-use Web3 services. www.wemade.com / www.wemix.com/communication
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