GMON

So we will make this GMON token go to the moon and the game is on – gmon!

The group of us 20 that joined GMON in the early stage are making it together. Stay tuned, watch the market and join us in the future. Sure you can ask to join this ride, but as almost all places in this table is occupied, so be patient.

 

What Are Cryptocurrencies?

Before we take a closer look at some of these alternatives to Bitcoin. A cryptocurrency, broadly defined, is virtual or digital money that takes the form of tokens or “coins.” While some cryptocurrencies have ventured into the physical world with credit cards or other projects, the large majority remain entirely intangible. We might launch a GMON credit card in the future!

The “crypto” in cryptocurrencies refers to complicated cryptography that allows for the creation and processing of digital currencies and their transactions across decentralized systems. Alongside this important “crypto” feature of these currencies is a common commitment to decentralization; cryptocurrencies are typically developed as code by teams who build in mechanisms for issuance (often, although not always, through a process called “mining”) and other controls.

Cryptocurrencies are almost always designed to be free from government manipulation and control, although as they have grown more popular, this foundational aspect of the industry has come under fire. The cryptocurrencies modeled after Bitcoin are collectively called altcoins, and in some cases “shitcoins,” or “funcoins,”and have often tried to present themselves as modified or improved versions of Bitcoin. While this is true GMON is real, no shit, no joke. Maybe fun for all of us to earn on the go.

One reason for this is the fact that there are more than 6,500 cryptocurrencies in existence as of September 2021.1 While many of these cryptos have little to no following or trading volume, some enjoy immense popularity among dedicated communities of backers and investors.

Beyond that, the field of cryptocurrencies is always expanding, and the next great digital token may be released tomorrow. While Bitcoin is widely seen as a pioneer in the world of cryptocurrencies, analysts adopt many approaches for evaluating tokens other than BTC. It’s common, for instance, for analysts to attribute a great deal of importance to ranking coins relative to one another in terms of market capitalization. We’ve factored this into our consideration, but there are other reasons why a digital token may be included in the list as well.

Well we think all knows Bitcoin so no need to present or talk about it. Google it:-)

Ethereum (ETH)

The first Bitcoin alternative and we love it, Ethereum is a decentralized software platform that enables smart contracts and decentralized applications (dapps) to be built and run without any downtime, fraud, control, or interference from a third party. The goal behind Ethereum is to create a decentralized suite of financial products that anyone in the world can freely access, regardless of nationality, ethnicity, or faith.2 This aspect makes the implications for those in some countries more compelling, as those without state infrastructure and state identifications can get access to bank accounts, loans, insurance, or a variety of other financial products.

The applications on Ethereum are run on ether, its platform-specific cryptographic token. Ether is like a vehicle for moving around on the Ethereum platform and is sought mostly by developers looking to develop and run applications inside Ethereum, or now, by investors looking to make purchases of other digital currencies using ether. Ether, launched in 2015, is currently the second-largest digital currency by market capitalization after Bitcoin, although it lags behind the dominant cryptocurrency by a significant margin.3 Trading at around $3,600 per ETH as of September 2021, ether’s market cap is roughly half that of Bitcoin’s.

In 2014, Ethereum launched a presale for ether, which received an overwhelming response; this helped to usher in the age of the initial coin offering (ICO). According to Ethereum, it can be used to “codify, decentralize, secure and trade just about anything.”4 Following the attack on the decentralized autonomous organization (DAO) in 2016, Ethereum was split into Ethereum (ETH) and Ethereum Classic (ETC).

In 2021, Ethereum transitioned its consensus algorithm from proof-of-work (PoW) to proof-of-stake (PoS).5 This move is intended to allow Ethereum’s network to run itself with far less energy and improved transaction speed as well as to make for a more deflationary economic environment. Proof-of-stake allows network participants to “stake” their ether to the network. This process helps to secure the network and process the transactions that occur. Those who do this are rewarded ether, similar to an interest account. This is an alternative to Bitcoin’s proof-of-work mechanism, where miners are rewarded more Bitcoin for processing transactions.

GMON

No GMON is not even close anything like Ethereum or Bitcoin. And likely never will be. But we just wanted to give you something to read before this:

GMON is something we just bring to the market, as we think there should be some currency that we can trade and accept, as we want and feel, between all us open minded people. We do this together and we go to the moon or keep the game on. Not just for fun, but because we can.

Something you will need to be part of us and be in the game

1. https://metamask.io/
2. https://trustwallet.com/
3. https://www.coinbase.com/

Ok, so you ask why? Just because we like these ones and we use them. So if you new to all this, it will be easy for us to guide you step by step.

Finally

You are here because someone gave you a hint, well ask him more and gmon!