We are pleased to announce the start of the sale of GaxCoin. The launch of our Initial Coin Offering occurred on 11th August 2018; a fundamental date for all those who contributed to our Startup Blockchain project, to the creation of the Platform and its innovative and completely autonomous Ecosystem, which continues to be developed and which has its cardinal points instability, simplicity, and reliability.
According to an important popular report by specialized research company, the growth of ICO system has a huge potential totalizing, for the current year, contributions equal to 1.66 billion dollars with 480 ICO launched. The rhythm is still increasing and the results are surprising.
GaxWorld, thanks to its architecture, boasts some characteristics that are making our fundraising unique: the project foresees that 40% of the funds will remain in provision and spent for the compensation of the Providers of the various services. The elegance of this technology, the security, and the confidence it can boast of, greatly increases expectations.
GAX World will be built around the ICO of GaxCoin: four industries to which billions of dollars are dedicated every day in the world. The relevant markets are in continuous expansion and are of global interest: Travel and Holidays, E-learning, Betting & Casinò and Work & Freelance and a very rich innovative Crypto Marketplace will complete the package!
Thanks to our Main Sponsor totowinbet.com, the ICO launch has been possible and GaxClub has already started the development of all the Platforms in collaboration with the technical experts of the best known online gaming structure in Malta.
In the first phase of our Private Sale, GaxCoin ICO will formalize the promised commitment through a pool of Private Investors, which commit to investing more than USD 6 million in our ICO and therefore enable the global development of the milestones mentioned in our Whitepaper . Immediately after the private sale, four important steps have been planned, ready to be offered to contributors in the next months: the initial contributors will have up to a 50% bonus on subscription !
The solidity and relevant success of our ICO, in addition to the confirmed funds that will be deposited during the Private Sale and an amazing sponsor like TotoWinBet, is guaranteed by a team of professionals working for most of the group’s operating companies in Malta, Italy, and Bulgaria. They are already working together to develop the most complete platforms in the industry.
An innovative and decentralized system allowing people around the world to book business & leisure travels, to learn with the best online E-learning facilities, to hire the most successful Freelancers in the world for your IT, Marketing Consulting and Translation needs, and an easy access global Marketplace. A Blockchain based Gaming & Betting Platform will complete the package offering fun and enjoyment at gaming tables and sports bets!
For those who want to invest in online casino gaming, we have developed a White Label Bet & Casino, platform ready to use. Everyone can choose a personal name and logo and start an online business in the entertainment sector! Easy, ready and cheap! A real complete gaming platform ready to be personalized and branded, managed by experienced GaxCoin developers and available for the equivalent of just a few dollars.
Join our incredible Project now or subscribe to the Whitelist to get 5% Bonus Extra guaranteed during all ICO steps! Or Join private contributors in the Private Sale step with Custom Bonus !!
To know more, click here.
OKEx blog explains why more crypto-traders are looking into sharpe ratios
When you are dealing with cryptocurrencies and its financial ecosystem, one has to be calculative and consider volatility and major price swings as an important factor before making any investments.
Sharpe Ratio, a measurement tool which is regularly used in the traditional financial markets, allows traders and investors to assess the return on investment in comparison to the risk involved.
In a recent blog post released by OKEx exchange, it explained how the tool was essential in analyzing the risk involved while investing in virtual assets.
In the last few years, more investors have started to use Sharpe ratio to have a better understanding of risk associated with cryptos. The post explained that Sharpe ratio of a virtual asset measured the return of investment per unit of deviation in a financial asset to identify trading strategy involving the risk.
A ratio of 3.0 or higher was considered extremely positive, while a negative Sharpe ratio would indicate that the risk involved in the asset fairly surpassed the profit associated.
According to the post, out of the all the major-listed coins on OKEx, surprisingly IOST had a 30-day Sharpe ratio above 2.0 however, IOST had a negative ratio over a 90-day period which indicated higher risk in the long term.
It was also reported that BTC had a positive 90-day Sharpe ratio which was recorded to be 1.59, while XRP had a negative ratio over a 90-day period which indicated that BTC was a better investment on paper.
The Sharpe ratio is beneficial in evaluating risk of an asset but it does not dictate price movement of a virtual asset.
BBC Journalist Warns Crypto Traders After Losing $30K in Critical Mistake
A BBC journalist is sharing his story on how he lost $30,000 in Ethereum (ETH) in an effort to try and educate crypto newbies.
Business reporter Monty Munford says he decided to buy the second-largest cryptocurrency by market cap in mid-2017.
“I chose it not for any other reason than it was second to Bitcoin by valuation and looked like it could emulate that 100,000% rise. So in the middle of 2017, I made some investments, figuring that it was a long-term plan and might even become a nest egg for a pension.”
Munford says the experience was “utterly terrifying” and after buying his Ethereum, he read about the frequency of crypto exchange hacks and decided to move his crypto to a wallet for safekeeping.
He chose MyEtherWallet and obtained the private key to his holdings – the string of letters and numbers he needed to access his crypto.
But then came the crucial mistake. Munford says he wrote the private key on a piece of paper and stored it in his Gmail drafts folder, so that he could access his crypto with ease. When the price of Ethereum shot up in late 2017, he decided to check his holdings, only to discover that all of his crypto had been moved to another address.
Munford contacted the US-based blockchain forensics company CipherBlade, and sent the results to Binance.
“The following morning I was contacted by Sussex’s cybercrime unit, my local force, and within a week they had received useful information from Binance. The unit tracked IP addresses to a telecoms company in the Netherlands, but there weren’t any personal identification details to be had – perhaps unsurprisingly.
The investigations continue, and my money remains stolen.”
Crypto thieves likely used a phishing scam to access Munford’s email or used malware to gain access to his computer, monitor his keystrokes and copy/paste his activities. Either way, Munford says he’s telling his story to let others know how careful they need to be with their private keys.
“So I’m left with my fingers burned, feeling like I wandered into a savage bazaar where criminals can pick your pocket at will. And get away with it. Please learn from my mistakes.”
What Caused the Abrupt Dissolving of Barclays’ 15 Month Relationship with Coinbase Crypto Exchange?
Latest reports confirm Barclays has ended its relationship with Coinbase, ending one of the crypto’s most fascinating partnerships, in mysterious circumstances.
The exchange replaced the household bank’s withdrawal and deposit functionalities by opening an account with a rising prodigy in U.K’s banking industry, Clearbank. While no official reports have sufficed we look at possible explanations why the two ended their relationship.
BEG reported in March 2018, a highly publicized partnership between Barclays and top crypto exchange, Coinbase, to connect the latter to the U.K. Faster Payments Scheme (FPS). This allowed U.K customers an instant platform to buy and sell cryptocurrencies on the exchange using the British Pound.
Following the dissolved partnership, U.K customers are witnessing slower transactions using the GBP. As at time of writing, neither company has commented on the matter.
Barclays low risk appetite or a mutual goodbye?
While the cause of dissolving the partnership still remains unclear, one insider familiar with the matter claims the bank’s “low risk appetite” for the crypto industry in general caused the split. He said,
“It is my understanding that Barclays’ risk appetite has contracted a little – I’m not sure exactly why or what’s been driving that, maybe there has been some activity they are not happy with.”
The CEO of a crypto company in the U.K further claims the bank does not have the stomach for any crypto company – at least at the moment. He said,
“But it’s about Barclays’ comfort level with crypto as a whole.”
A mutual goodbye…
However, different reports from Coindesk confirms that the two companies came to a mutual agreement to end the partnership citing the partnership had completed its work. This aligns with the recent developments– such as the addition of several cryptocurrencies – seen at Coinbase in the past few months.
Given the strict regulations that Barclays placed on the listing requirements of cryptos, the exchange is now adding quite a number of tokens on its platform following the split with Barclays. However, Clearbank, is not giving the exchange a freepass as it already sanctioned the removal of privacy coin, ZCash (ZEC) from the platform.
Barclays however have been showing signs of leaving the crypto sector with the bank temporarily closing the cryptocurrency trading desk in late October 2018.