What does deflationary tokenomics mean?

GEC token has deflationary tokenomics (token economy) designed to stimulate the growth of the GEC token’s value over time.

All the GEC tokens, once used, are transferred to the one wallet address and then sent to a unique wallet without the key so nobody cannot retrieve tokens in any way - that’s called a “burning” procedure.

The total amount of tokens created is 173 105 106 GEC. The first burning took place on December 28, 2021. Every quarter the number of GEC tokens used on the platform over three months is burned permanently. For GEC, the goal of coin-burning events is to gradually reduce its total supply until it’s under 80 million GEC (just below 50% of the total initial supply of 173105106 GEC).

Investing is risky, do so at your own risk, and we advise people never to invest more money than they can afford to lose. Before trading with derivatives, you should carefully consider the terms and conditions of this website, to the extent necessary, consult an appropriate lawyer, accountant, or tax professional. If any of the following terms are unacceptable to you, you should not use the website. To the extent permitted by law, you agree not to hold any of the company, and its respective past, present and future employees, officers, directors, contractors, consultants, equity holders, suppliers, vendors, service providers, parent companies, subsidiaries, affiliates, agents, representatives, predecessors, successors and assigns liable for any losses or any special, incidental, or consequential damages arising from, or in any way connected, to the bitcoin trading with derivatives, including losses associated with the bitcoin trading with derivatives.

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Please note that the company is in the constant process of undertaking a legal and regulatory analysis of bitcoin trading with derivatives. Following the conclusion of this analysis, the company may decide to amend the intended functionality to ensure compliance with any legal or regulatory requirements to which the company is subject. We shall publish a notice on our website of any changes that we decide to make modifications to the functionality. It is your responsibility to regularly check our website for any such notices. At the conclusion of this analysis, we will decide whether or not to change the website's functionality.

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Geco.one is a trading exchange for crypto - products. Geco.one is operated by Analemma Technologies, s.r.o., registered in Slovakia, holds license number 55 666 876 to provide cryptocurrency wallet services and virtual currency (cryptocurrency) exchange.

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