CoinMarketCap has chosen GAIMIN as one of the first projects to be incubated in its newly launched CMC Labs accelerator program. GAIMIN, a leader in decentralised data processing power, will receive support and guidance from CoinMarketCap in developing its GMRX utility token.
CMC Labs: Accelerating Innovation in the Crypto Industry
CMC Labs is an incubator program created by CoinMarketCap to foster innovation in the crypto industry. It aims to partner with organisations that have a proven track record of delivering innovative products and services. GAIMIN has been handpicked by CoinMarketCap due to its strategic approach and commitment to developing its products and services.
GAIMIN and the GMRX Token
GAIMIN's GMRX token is designed to support the GAIMIN ecosystem, which includes a games launcher, gaming platform, and monetization engine. Through the GMRX token, gamers can maximize their utility and earn rewards. The selection of GAIMIN by CoinMarketCap as one of its incubated projects is a testament to the company's dedication to delivering value to gamers.
CEO Martin Speight on the Partnership
Martin Speight, CEO of GAIMIN, expressed his excitement about being selected as an inaugural incubatee for CMC Labs. He believes that the partnership with CoinMarketCap, combined with their expertise and vast user base, will provide the perfect springboard for the successful launch of the GMRX token.
CEO Rush on GAIMIN's Potential
Rush, CEO of CoinMarketCap, highlighted GAIMIN's pioneering role in the Web3 gaming space. He emphasized how GAIMIN is providing gamers with new opportunities to earn rewards and own in-game assets. CoinMarketCap looks forward to working closely with GAIMIN to help them reach their full potential.
GAIMIN's Strategic Approach
GAIMIN has dedicated the past five years to developing its products and services, focusing on the gaming ecosystem and its user community. The company's working product and partnership agreements with AI-focused companies for data processing services played a significant role in CoinMarketCap's decision to select GAIMIN for its incubator program. The launch of GMRX onto the crypto market is expected to be one of the most successful crypto launches in 2024.
Mutual Benefits for GAIMIN and CoinMarketCap
The incubator agreement between GAIMIN and CMC Labs brings mutual benefits to both organizations. GAIMIN gains access to CoinMarketCap's 64 million daily active users and their crypto market expertise. Additionally, CoinMarketCap benefits from brand inclusion on Gaimin Gladiators' esports team merch and social media posts. Gaimin Gladiators achieved over 12 billion impressions in 2023 and anticipates substantial growth in 2024.
About CoinMarketCap
CoinMarketCap is the leading price-tracking website for cryptoassets in the cryptocurrency space. Its mission is to provide unbiased, high-quality, and accurate information to empower retail users in making informed decisions.
About GAIMIN
GAIMIN is a UK and Swiss-based gaming company that enables gamers to monetize the computational power of their gaming PCs. By harnessing the underutilized processing power in gaming PCs, GAIMIN has created a decentralized data processing network that delivers supercomputer performance. Users are rewarded with GMRX tokens, which can be used for purchases on the GAIMIN Marketplace or converted to fiat or other cryptocurrencies.
For more information, please visit the following:
- CoinMarketCap: www.coinmarketcap.com
- GAIMIN: www.gaimin.io
Frequently Asked Questions
Can I store my Gold IRA at Home?
An online brokerage account can be a great way to save your money. You'll have access to all the same investment options as if you were working with a traditional broker, but you don't need special licenses or qualifications. Additionally, investing is free.
A lot of online brokers offer tools for managing your portfolio. Online brokers will allow you to download charts so that you can see the performance of your investments.
How Much of Your IRA Should Include Precious Metals?
Protect yourself from inflation by investing in precious metallics like silver and gold. It's not just for retirement. It can also be used to prepare for economic downturns.
Although gold and silver prices have risen significantly in the past few years they are still considered safe investments. They don't fluctuate quite as much like stocks. These materials are always in demand.
Prices for silver and gold are predictable and usually stable. They are most likely to rise when the economy grows and fall during recessions. This makes them excellent money-savers, and long-term investment options.
Your total portfolio should be 10 percent in precious metals. That percentage could go higher if you want to diversify your portfolio further.
What are the different types of IRA?
There are three main types of IRAs. Each type of IRA has its pros and cons. Each of these types will be described below.
Traditional Individual Retirement Account (IRA).
A traditional IRA allows pre-tax money to be contributed to an account. This allows you to earn interest and defer taxes. When you retire, your withdrawals are not subject to tax.
Roth IRA
Roth IRAs allow for you to make after-tax deposits into an account. The earnings are tax-free. Withdrawals from the account are also tax-free when you withdraw funds for retirement purposes.
SEP IRA
This is similar to a Roth IRA, except that it requires employees to make additional contributions. These extra contributions are subject to income tax but any earnings will grow tax-deferred again. The entire amount can be converted to a Roth IRA if you are leaving the company.
Can I place gold in my IRA account?
The answer is yes It is possible to add gold to your retirement plans. Because it doesn't lose any value over time, gold is a great investment. It also protects against inflation. You don't even have to pay taxes.
You need to understand that gold is not like other investments before you invest in it. You can't purchase shares in gold companies, unlike stocks and bonds. These shares can also be not sold.
Instead, you must convert your gold to cash. This means you will need to get rid. You cannot keep it.
This makes gold an investment that is different from other investments. You can always sell other investments later. This is not true for gold.
Worse, the gold cannot be used as collateral for loans. If you get a mortgage, for example, you might have to give up some of the gold you own in order to pay off the loan.
So what does this mean? You can't keep your gold indefinitely. You'll eventually need to convert it into cash.
You don't have to worry about this now. To open an IRA, all you need is to create one. Then, you can invest in gold.
What are the best ways to choose an IRA.
Understanding your account type is the first step to finding the best IRA. This includes whether you are looking for a traditional IRA or Roth IRA. You should also know how much money your have available to invest.
The next step in determining the right provider for your situation is to decide. Some providers offer both accounts while others are specialized in one.
Consider the fees that come with each option. There are many fees that vary between providers. They may include annual maintenance fees or other charges. A monthly fee may be charged by some providers depending on how many shares your company holds. Others only charge once per quarter.
Is it possible to hold precious metals in an IRA
The answer depends on whether or not the IRA owner is looking to diversify his holdings in gold and silver, or to keep them for safekeeping.
There are two options for him if he wants to diversify. He could either purchase physical bars or silver from a seller, or return these items to the dealer at end of the year. But, what if he doesn't want to sell his precious metal investments? In this case, he should hold onto the investments as they are perfect for storing inside an IRA account.
Statistics
- 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)
- 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)
- SEP-IRA”Simplified employee pension” For self-employed people like independent contractors, freelancers, and small-business ownersSame tax rules as traditional IRASEP IRA contributions in 2022 are limited to 25% of compensation or $66,000, whichever is less4. (sltrib.com)
- You can only purchase gold bars of at least 99.5% purity. (forbes.com)
External Links
kitco.com
investopedia.com
wsj.com
en.wikipedia.org
How To
How to Buy Gold for Your Gold IRA
Precious metal can be used to refer to gold, silver or platinum as well as osmium and ruthenium. It's any element naturally occurring with atomic numbers 79 to 110 (excluding helium), that is valued for its rarity or beauty. Gold and silver are the most popular precious metals. Precious Metals are often used for money, jewelry and industrial goods.
The price of gold fluctuates daily due to supply and demand. There has been a significant demand for precious metals over the past decade as investors look for safe havens in unstable economies. Prices have increased significantly because of this demand. But, investors in precious metals are becoming more cautious due to rising production costs.
Gold is a reliable investment due to its rarity and durability. Contrary to other investments, gold does not lose its value. Gold can be bought and sold without tax. There are two methods to invest gold. There are two ways to invest in gold: buy gold bars and coins; or, you can invest directly in gold futures.
In-dispute liquidity can be achieved with physical gold bars or coins. They are easy to trade and keep. They do not offer any protection against inflation. If you want to protect yourself from rising prices, consider purchasing gold bullion. Bullion can be defined as physical gold. It comes in different sizes. Many billions come as one-ounce pieces while others are larger like kilobars. Bullion is usually stored in vaults protected from theft and fire.
Buy gold futures to own shares and not actual gold. Futures let investors speculate on the future price of gold. Buying gold futures exposes you to gold's price without owning the physical commodity itself.
For instance, if my goal was to speculate on the movement of the gold price, I could purchase a contract. When the contract expires, my position will either be “long” or “short.” A long contract is one in which I believe that the price of gold will rise. I'm willing now to pay someone else money, but I promise I'll get more money at the end. A short contract on the other side means that I believe gold's price will fall. I'm willing now to accept the money in exchange for the promise of making less later.
I'll be paid the amount of gold and interest specified in the contract when it expires. This way I have exposure to the gold's price without having to actually hold it.
Precious metals are a great investment as they are hard to counterfeit. Precious metals are more difficult to counterfeit than paper currency. Precious metals have held their value over the years because of this.
—————————————————————————————————————————————————————————————-
Based on [POSTTITLE]
by [POSTAUTHOR]
Related posts:
LBank Labs’ Strategic Expansion into Morocco’s Casablanca Finance City: A Visionary Move with Enhanced Employee Benefits and Global Partnerships
Star Atlas: A New Era in Gaming and Blockchain
GameSwift Introduces GS Pay To Bridge The Gap Between Web2 and Web3 Payments
The Rise of Decentralized Gaming: A Conversation with Cryptopia CEO Sangho Grolleman
