Altcoins: GameCoin (GMEX) - What Is It? - A Deeper Look Into the GameCoin (GMEX) Platform
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Summary:
- What is The Gamecoin Platform and how does it work?
- Advantages of the Gamecoin exchange.
- Gamecoin’s past, present and future price positions.
The GameCoin Platform
Any athlete in the world can create their own sports-related coins using the Game Coin platform. The platform, which enables businesses and individuals to participate in the decentralized market, was developed utilizing blockchain technology. All platform transactions are based on Game Coin, which is regarded as the platform's money.
According to the whitepaper, young athletes can gain much from playing sports. Participation, however, entails significant expenses, such as coaching and program fees, travel charges, uniform costs, private sessions, etc. Most athletes do not have the opportunity to experience the potential benefits when these fees are included in. As a result, the Game Coin platform was made available to athletes. The Game Coin platform allows all the athletes to create their tokens through tokenization. Tokenization is a technique in which the asset's value gets transformed into a cryptocurrency shared and recorded on the blockchain. The networks on the platform's blockchain aim to provide advantages including lower costs, improved security, decentralization, transparency, speed, innovation, and tokenization.
As they advance in their hypothetical sports marketplace, athletes can increase their token value. Through the social media network, the Game Coin platform offers the participants this chance. Athletes have access to a number of platform features that allow them to engage with and benefit from the Game Coin community.
GMEX is the platform's official ticker for Game Coin. Every transaction on the site is subject to a 7% transaction fee. The transaction fee contributes to the accomplishment of the mission, and token holders are given the chance to interact, engage, compete, participate, and assess their skills and gifts on a single platform. Users can exchange "Players Cards" or sports tokens, which aim to gain value as athletes advance in their sporting careers. Additionally, when the athletes create their tokens, they can donate money to buy tokens from the entire supply.
The current market capitalization for Game coin is $43,599,539. There is no maximum supply of GMEX tokens, however there is self -reported of 76.4 billion tokens.
Advantages of the Gamecoin platform
- Offers support to athletes, Giving any athlete in the world the opportunity to construct their token on the Game Coin platform, which is presently under development, is the aim of this coin for athletes. Then, as they advance in the sport of their choice, they will have the rare opportunity to raise the value of their Player Card/Sports Token. The use of the Game Coin on the social media platform will make this possible.
- Increased physical activity and health
- The formation of social and communal relationships
- The facing and conquering of problems and the improvement of intellectual capacity are just a few of the advantages.
Past, present and future prices of The Gamecoin network (GMEX)
Gamecoin is a new coin to the crypto market and therefore does not have much price history. Its peak price was reached in October of 2021, thereafter the price dropped almost immediately and has remained low throughout 2022.
Over the past few months, the global markets have been facing strong investor risk-off sentiment in the wake of the geopolitical tensions, Covid-19 lockdowns in China and supply chain issues. The cryptocurrency market has followed the trends of the greater market during these times, therefore the price of most cryptocurrencies have been falling, GMEX does fall under this category.
According to some analysts, the future price of The GameCoin network (GMEX) could reach up to $0.003 by 2025 and could see a price of more than $0.021 by 2030. However, it is important to remember that this future price prediction is based solely on data and does not take into account factors such as investor sentiment and the ever changing market conditions, both of which make it difficult to make accurate future price predictions.
GMEX Price Chart
Sources: finance.yahoo.com, coinmarketcap.com, coinbase.com, investsocial.com, technewsleader.com
