CoinMarketCap Selects GAIMIN for Incubation of GMRX Token

GAIMIN Chosen as Inaugural Incubatee by CMC Labs

GAIMIN, the leading provider of decentralized data processing power through gaimin.cloud, has been announced as one of the inaugural incubatees of the newly launched CMC Labs accelerator program by CoinMarketCap (CMC).

CMC is widely regarded as the most trusted source of news, data, and community engagement in the crypto market. With over 64 million daily active users, CMC has chosen to partner with GAIMIN due to its proven strategic ability to deliver innovative products and services within the crypto industry.

GAIMIN's GMRX Token to Be Incubated by CMC Labs

GAIMIN's utility token, GMRX, has been specifically selected by CMC for incubation. The GMRX token is designed to support the GAIMIN ecosystem and provide maximum utility to gamers through its games launcher, gaming platform, and monetization engine.

Martin Speight, CEO of GAIMIN, expressed his delight at being selected as an inaugural incubatee: "We are delighted CMC has selected GAIMIN to be an inaugural incubatee for CMC Labs. Combining CMC’s 64 million daily active users with their expertise and knowledge of the crypto industry will ensure we have the best possible springboard for the successful launch of our GMRX token."

Rush, CEO of CoinMarketCap, also confirmed the partnership: "We are proud to welcome GAIMIN as an incubatee of CMC Labs, our Web3 accelerator program. GAIMIN is a pioneer in the Web3 gaming space, providing gamers with new ways to earn rewards and own their in-game assets. We look forward to working closely with the GAIMIN team to help them achieve their full potential."

GAIMIN's Strategic Approach to Product Development

GAIMIN has spent the past 5 years developing its products and services, with a particular focus on the gaming ecosystem and associated user community. This strategic approach, combined with a working product and partnership agreements with AI-focused companies, played a crucial role in CMC's decision to select GAIMIN for its incubator program.

Martin concluded: "GAIMIN is now poised to be one of the most highly anticipated token listings in 2024. This agreement will ensure the launch of GMRX onto the crypto market will be one of the most successful crypto launches ever!"

Mutual Benefits for GAIMIN and CMC Labs

The incubator agreement between GAIMIN and CMC Labs brings mutual benefits to both organizations. GAIMIN gains access to CMC's 64 million daily active users and their leading crypto market expertise, while CMC benefits from brand inclusion on Gaimin Gladiators' esports team merch and social media posts. The Gaimin Gladiators esports team achieved over 12 billion impressions in 2023 and expects substantial growth in 2024.

About CoinMarketCap

CoinMarketCap is the world's most-referenced price-tracking website for cryptoassets in the rapidly growing cryptocurrency space. Its mission is to make crypto discoverable and efficient globally by providing unbiased, high-quality, and accurate information to retail users.

For more information, please visit: www.coinmarketcap.com

About GAIMIN

GAIMIN is a UK and Swiss-based gaming company that focuses on helping the gaming community monetize the computational power of their gaming PCs. GAIMIN has created a decentralized data processing network that harnesses the underutilized processing power of gaming PCs, delivering supercomputer performance.

GAIMIN monetizes the underutilized performance through a PC-based application, providing supercomputer-level data processing performance from a worldwide network of independent processing devices. The GAIMIN data processing network offers services for video rendering, AI data processing, and blockchain computations, with rewards given in their own cryptocurrency, GMRX.

For more information on GAIMIN, visit the website: www.gaimin.io

To download the GAIMIN app, visit: www.gaimin.gg

For up-to-date information, follow GAIMIN on social media:

Facebook: https://www.facebook.com/Gaimin.io
Instagram: https://www.instagram.com/gaimin_io/
Twitter: https://twitter.com/GaiminIo
LinkedIn: https://www.linkedin.com/company/gaimin/
YouTube: https://www.youtube.com/c/Gaimin
Telegram: https://t.me/+XFTC523WeTI1MjA0
Discord: https://discord.gg/SmYsmVS8x7
TikTok: https://www.tiktok.com/@gaimin.gg

For further information, please contact:

The Americas, Middle East and Australian Pacific – Andrew Faridani, Chief Marketing Officer for GAIMIN (based in Toronto, Canada): andrew@gaimin.io

UK and Europe – Marc Bray, Chief Communications Officer for GAIMIN (based in Manchester, UK): marc@gaimin.io

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Frequently Asked Questions

Is gold buying a good retirement option?

While buying gold as an investment may seem unattractive at first glance it becomes worth the effort when you consider how much gold is consumed worldwide each year.

Physical bullion bars are the most popular way to invest in gold. However, there are many other ways to invest in gold. It is best to research all options and make informed decisions based on your goals.

For example, purchasing shares of companies that extract gold or mining equipment might be a better option if you aren't looking for a safe place to store your wealth. If you require cash flow, gold stocks can work well.

You can also invest your money in exchange-traded fund (ETFs), which give you exposure to the gold price by holding securities related to gold. These ETFs typically include stocks from gold miners, precious metallics refiners, commodity trading companies, and other commodities.

How to Open a Precious Metal IRA?

The first step in opening an Individual Retirement Account, (IRA), is to decide if it's something you want. Open the account by filling out Form 8606. To determine which type of IRA you qualify for, you will need to fill out Form 5204. This form should not be completed more than 60 days after the account is opened. Once this is done, you can start investing. You might also be able to contribute directly from the paycheck through payroll deduction.

For a Roth IRA you will need to complete Form 8903. Otherwise, the process will be identical to an ordinary IRA.

You'll need to meet specific requirements to qualify for a precious metals IRA. The IRS requires that you are at least 18 years old and have earned an income. Your annual earnings cannot exceed $110,000 ($220,000 if you are married and file jointly) for any tax year. You must also contribute regularly. These rules are applicable whether you contribute through your employer or directly from the paychecks.

You can use a precious metals IRA to invest in gold, silver, palladium, platinum, rhodium, or even platinum. However, you can't purchase physical bullion. This means you won't be allowed to trade shares of stock or bonds.

You can also use your precious metallics IRA to invest in companies that deal with precious metals. This option can be provided by some IRA companies.

There are two main drawbacks to investing through an IRA in precious metallics. They aren't as liquid as bonds or stocks. This makes them harder to sell when needed. They also don't pay dividends, like stocks and bonds. Therefore, you will lose more money than you gain over time.

What is the Performance of Gold as an Investment?

The supply and demand for gold affect the price of gold. Interest rates can also affect the gold price.

Due to limited supplies, gold prices are subject to volatility. Physical gold is not always in stock.

Statistics

This is a 15% margin that has shown no stable direction of growth but fluctuates seemingly at random. (smartasset.com)
Contribution limits$6,000 (49 and under) $7,000 (50 and up)$6,000 (49 and under) $7,000 (50 and up)$58,000 or 25% of your annual compensation (whichever is smaller) (lendedu.com)
If you take distributions before hitting 59.5, you'll owe a 10% penalty on the amount withdrawn. (lendedu.com)
If you accidentally make an improper transaction, the IRS will disallow it and count it as a withdrawal, so you would owe income tax on the item's value and, if you are younger than 59 ½, an additional 10% early withdrawal penalty. (forbes.com)
(Basically, if your GDP grows by 2%, you need miners to dig 2% more gold out of the ground every year to keep prices steady.) (smartasset.com)

External Links

How To

How to Hold Physical Gold in an IRA

The easiest way to invest is to buy shares in companies that make gold. However, this method comes with many risks because there's no guarantee that these companies will continue to survive. Even if they do survive, there is still the possibility of losing money to fluctuating gold prices.

An alternative option would be to buy physical gold itself. You will need to either open an online or bank account or simply buy gold from a reliable seller. This option offers the advantages of being able to purchase gold at low prices and easy access (you don’t need to deal directly with stock exchanges). It is easier to view how much gold has been stored. You will receive a receipt detailing exactly what you paid. You also have a lower chance of theft than stocks.

There are also some drawbacks. You won't be able to benefit from investment funds or interest rates offered by banks. Also, you won't be able to diversify your holdings – you're stuck with whatever you bought. Finally, the tax man might ask questions about where you've put your gold!

If you'd like to learn more about buying gold in an IRA, visit the website of BullionVault.com today!

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By: Media
Title: CoinMarketCap Selects GAIMIN for Incubation of GMRX Token
Sourced From: news.bitcoin.com/coinmarketcap-announces-gaimins-gmrx-token-to-be-incubated-by-cmc-labs-in-a-historic-first/
Published Date: Thu, 04 Jan 2024 18:00:19 +0000

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