GIO Token Resumes Trading With Extreme Volatility!
Recently I posted an article in which I mentioned some of the ways in which I am creating passive BTC income. Graviex exchange was one of the avenues that I mentioned. Unfortunately, at the time of writing the article, the exchange was preparing for a token swap/upgrade and so trading of the GIO token was temporarily suspended. Daily dividends have been paid out during this time as usual, the only problem was that users were unable to buy the GIO token in order to qualify for dividends if they did not already have GIO tokens.
The swap is now complete and GIO tokens are once again available to trade against BTC and Doge.
I did note that since the listing of the new token, volatility has been quite extreme. The value of my existing holdings doubled in a matter of 4 hours but has since dropped to 50% of the original value. There is likely to be some volatility for a few days before prices stabilize, most likely in the region of the previous value. The swap was at a ratio of 100/1, so even though the amount of tokens is less, the value should gravitate towards the original overall value in BTC.
This might be a good time to pick up some GIO tokens. Not investment advice though, do your own research and crunch out some numbers.
Set & Forget
The most important aspect of earning BTC dividends on Graviex is the fact that it is completely passive. Buy your tokens, sign the dividend agreement and receive BTC in your wallet every 24 hours. Return to your account once a month, or even once a year if you like! Your BTC will be waiting for you to withdraw or sell for something like Doge, which costs little to nothing to withdraw. This can in turn be converted back into BTC on a platform such as FaucetPay, which does not charge much to move BTC.
There are a number of tricks to avoiding hefty fees, you just have to get creative. Looking at the average daily volume on the exchange at the moment, it equates to 1 satoshi per 2.5 GIO per day. This changes from day to day and sometimes doubles, so as to generate 2 satoshi for every 2.5 GIO.
In the event that the volume increases significantly during the bull market, you can expect the daily BTC dividends to increase in tandem.
Conclusion
Graviex is a relatively small exchange and has a lot of growth potential, provided the exchange is able to attract and onboard new users. The risk is relatively low and BTC is paid into your account daily. Given the potential upside for BTC over the coming years, it may make a great addition to passive income portfolios.
As always, this is not investment advice, so please do your own research and risk assessment.