The crypto prices are seeing recovery once again, with Bitcoin (BTC) once more crossing the $8k mark. While a number of analysts attempted to warn the investors and traders of Bitcoin's impending drop, no such development has occurred as of yet. However, the surging prices are constantly attracting new traders to the industry, and many of them are completely inexperienced and often quite lost.
As a result, they require help, which is why a lot of new projects dedicated to providing a safe environment for new traders has emerged. These projects are trying to make their platforms as user-friendly as possible, and they tend to come with high quantities of educational material. As always, the best way to help new traders is to point out what they should or should not do, which is where experienced investors can set an example. This is where Geco.one comes in.
Geco.one is a new platform that allows new investors a safe way to invest in the digital currency market, even though they have no investing or trading experience. To help bypass this, the platform offers the skills and knowledge of experienced traders.
The project's flagship service, known as the PAMM account, lets people invest in cryptocurrency pairs by entrusting their resources to experienced traders. Additionally, the platform also provides investors with all the necessary tools that would allow them to quickly learn how to behave and what to do while trading and investing.
First and foremost, Geco.one ICO is not really an ICO. Since the token sale is being performed on Coineal Launchpad, it is actually an IEO, or Initial Exchange Offering. This changes a few things, including the fact that only the exchange's customers can participate, but it also brings extra security to the token sale and ensures investors that the project is not a scam.
The project is currently in its preICO phase, which started on May 1st and will end on June 30th, within around 16 days. The real token sale will start immediately after that, on July 1st, and it will last until July 14th.
The token in question, known as GEC, is a utility token that was developed on Ethereum's platform, which makes it an ERC-20 token. Its preICO price is $0.25 per 1 GEC, although it is still unknown whether or not this price will remain the same during the ICO as well. The project offers a working MVP, a bonus, and a bounty, and it is based in Estonia, with no restricted regions.
Anyone can participate, provided that they go through KYC and Whitelisting, which is necessary to become the exchange's user anyway. GEC tokens can be obtained in exchange for BTC, ETH, as well as fiat currencies — USD, GBP, and EUR.
|Start||July 1, 2019|
|End||July 14, 2019|
|Soft cap||$10 000 000|
|Hard cap||$200 000 000|
|Tokens for sale||800000000|
|Accepting||BTC, ETH, GBP, USD, EUR|
Geco.one is setting the pathway for the development of crypto trading by offering the additional tools, PAMM in particular, to broaden the range of options for those who want to succeed in this craft. By purchasing tokens through IEO, people will have a chance to begin trading GEC against other currencies almost immediately, which will allow Gego.one to showcase its potential right at the start.
PAMM is just a fancy term for spreading the trading risks across multiple investors, so it might be the safest way for a trader to speculate with crypto, but not so much for the investor, especially the rookie one. Another thing, I have read the whitepaper from A to Z and didn’t find a single word about the methods of dispute resolution offered by Geco.one. That is a red flag for me. Judging from their work scheme, Geco.one will place itself in the seat of an intermediary between traders & investors and crypto exchanges, thus making this platform totally centralized. To summarize, the doubts concerning Geco.one so far outweigh the prospects.
The project has a lot of potential to bring a lot of new investors into the crypto space. For a long time, investing and trading were intimidating to newcomers, which is why many of them gave up if they ever even tried to join.
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