Geneviève gets listed ahead of the rebranding!
Bitpaction is a new, Singapore-based, cryptocurrency exchange. Following a successful token sale campaign, the exchange launched on March 5th. With numerous high capitalization cryptocurrencies already listed and available for trade, Geneviève’s ERC223 token, GXE, has found support on this new and fast-growing platform.
In line with Geneviève’s buy-back programme, the team are placing numerous bids on the open market seeking to purchase 2,500,000 GXE tokens at $0.02, approximately. Orders are being placed on the GXE/BTC and GXE/ETH markets at 0.0000025BTC and 0.00003ETH, respectively. Such orders have built resistance against the current bear market and sufficed in creating a pricing floor. Given the dividend right GXE tokens offer, coupled with a widening array of functional utility, reasoned speculation suggests a continuation of price inflation as the cryptocurrency finds liquidity through upcoming exchange listings.
To celebrate the launch of GXE, Bitpaction are running a trading volume and deposit competition. The exchange are giving away 90,000 GXE tokens. Bitpaction will rank traders from 1 to 30 according to the total GXE trading and deposit volume for each respective competition during the competition period, ending March 28th. Free GXE will be awarded to the winners; the GXE amount will depend on the trading rank. The trading platform are offering an additional 10,000 GXE giveaway to Twitter users partaking in the retweet competition!
Geneviève will be the first to lawfully tokenize ventures on the Ethereum blockchain before listing them on its own signature token exchange platform in partnership with the West African stock exchange, BRVM. The token exchange will incorporate RootStock functionality. The smart contract platform is connected to the Bitcoin’s blockchain through sidechain technology. Such integration will allow investors to seamlessly interact with the Bitcoin Blockchain through a 2-way peg. Geneviève seeks to bridge the stock market with the cryptocurrency market. Venture listing fees will be payable in GXE; this coupled with trading transaction fees will facilitate regular profit distribution to token holders.
Most excitingly, Geneviève is currently under a design and product rebranding. The rebranded cryptocurrency project will launch a wide variety of crypto-related banking and wealth management services.; namely, wire transfers, loans, debit cards, etc. Moreover, in partnership with Mastercard and VISA*, as part of the relaunch, the project is releasing the GxHODL Card. Through Lombard Credit mechanics, the card will offer credit in fiat currencies to facilitate transactional payments. Available credit will be relative to the underlying holdings of supported cryptocurrencies. In addition to financial services, the project expansion will offer expertise through a variety of consultation services. GXE tokens will act as a gateway for token holders to access such products and services, as per their stakes.
*The partnership detailed in the above post refers to our developing relationship with Banque Atlantique, through which, we are contracted as a VISA distributor. The legal and technical specificities of the aforementioned partnership are still under discussion. The above article intends to offer a fair and unbiased understanding of the project’s development and current status; the post is not purposed as a promotional medium. Our primary concern is, and will continue to be, legal compliance. By extension, all token holders are required to offer KYC submissions. Cryptocurrency markets are volatile; all participants are advised to conduct their own due diligence to assess systematic and idiosyncratic risk.
