Topic: [ANN] [PoS/MN] Gentarium (GTM) | Masternode hosting platform | Shared MN service - page 3. (Read 82404 times)

This is another step to ensure that the GTM coin is poured out. The new platform is in no way associated with the coin, except that it is one team. The coin is not used anywhere, except for masternode hosting. And judging by the sales of coins on exchanges, the number of masternode solos is fictitious. Either drawn or this is the masternode of the team and the team does not need to buy their own coins to pay for hosting. In reality, there is a payment for 500-600 masternodes hosted on a hosting. That is, nobody needs coins, even the development team. What their new project showed, which does not use GTM coins anywhere.

Yes it will be interesting to see how they will succeed in the long term as like you said many similar projects have gone now and only a few have survived, one of them being BTCPop so it can be done if done right which I believe this team can do.   

That is, how do I say it, quite a peculiar move. I said that because almost all of the platforms that ventured in that kind of business is out of the game now or if they still exist, is not striving well.

Don't get me wrong. I support you wholeheartedly but I just hope that you did your due diligence in researching every aspect of that kind of business. Will definitely watch your future updates regarding this move.
 

I have seen quite a few of these type of lending setups come and go over the years so I will be interested in hearing about how this works out for this project. Things are way down and only the true crypto enthusiasts are sticking around for the winter. I hope this idea works and even if it is not as successful as thought I am sure you will continue to work on new ideas to keep this project relevant.

Friends, the reporting period and the quarter are about to end. According to our roadmap we planned to release a new platform, the launch announcement of which we made in the spring. We put a lot of effort into market research and new product development.

L for Loans

We have long studied new promising areas in the field of cryptocurrencies. A few months ago we decided to develop lending platform. Cryptocurrencies themselves provide an excellent opportunity for decentralization, but there are not many tools for working with it today. Therefore, we decided to move in this direction and provide a tool that many are accustomed to in the traditional market. Many of you most likely have bitcoin or other top cryptocurrencies and you would like to spend part of these funds for various needs, but are afraid to lose profit in case of bitcoin uptrend. So our platform will allow you to do this safely and with a small commission and not lose profit in case of bitcoin uptrend, despite the fact that you cashed it. Our platform also allows you to earn money on issuing of loans. We can also allow miners to expand their farms without spending mined bitcoins on it.. And most importantly, all transactions are secured by bitcoin collateral and, at your request, the transaction can be decentralized. In the near future we will prepare for you a series of articles in which we will tell how different participants of the cryptocurrency market can earn and gain an advantage using the services of our platform.

You can familiarize yourself with the platform by clicking on the link https://loan.gtmcoin.io/

Not sure if it will help raise the price but at least the team are sticking to their roadmap. There was another announcement today about another new platform coming soon and that they will be doing some work on the masternode platform. The thing is that the GTM team ain't giving up like some other masternode platforms have done recently.

The new platform is nothing new to the crypto world. I don’t think it will do anything for the current price.

I expected something new. This is just a copy\paste idea.  

That is what the team are working on, a new platform of some sorts that will most likely have a use case for GTM coins. The market is in a bad way right now so its not just GTM feeling the pinch. I just hope that this new platform will help GTM price recover in the near future.

EXACTLY

The GTM coin is obviously a utility coin based on the hosting platform.

If it's cheaper to host the GTM masternode elsewhere what exactly is the point of the coin and where will it get it's future value?

If a masternode brings less than $ 3 a month, then why not use a cheaper hosting? I also began to use Dextro hosting and masternodes bring rewards on time. When it will be profitable to place the masternode on the hosting of GTM coins, then I will return to them. In the meantime, on Dextro.
With a GTM coin, the number of masternodes of both its own and on the hosting decreases every day. And this reduces the value of the GTM coin. Bad, but it is a fact. And when the GTM coin will increase in price it is already not clear how the number of masternode solos on the coin hosting decreases. And that means that payment in the GTM coin drops. Fewer people buy a coin to pay.
Dextro hosting helps keep the masternode of GTM coins and make a small profit.

How do you scam someone with cold hosting? The only possible loss between hosting platforms is the possibility of waiting for the initial rewards if you are forced to change platforms if one shuts down.

Yes there are many new masternode hosting platforms popping up now days and all are very cheap to host masternodes however you need to ask the question on whether the site is safe and trustworthy because they could be a scam just to make some quick money. Gentarium is now one of the longest running masternode platforms and that is why I continue to stick with them even though they are a little more expensive to host a masternode.

https://dextro.io/page/home
On this site you can connect masternode coins GTM for $1 per month.

You have a point mate and I do agree that the GTM team or someone from the team post regular updates in here. I know that a lot of people still use this forum to get their information about a project so it is still a vital tool to use. I will ask someone from the team in their Discord to see if they can post regular updates in here and not just on Discord, Telegram and social media.

In my opinion, only big projects should leave the forum, when their projects have already big and strong enough to communicate with their communities outside the forum. There are some projects, that have their own forums, like Ethereum, Monero, DASH, and their developers left the forum, their team actively communitcate in their own-built forums.

For small projects (sorry for this word), like Gentarium, developer team should actively communicate and update fundamental things in Announcement thread.

I do agree with you that the team should be active here and post updates but I guess they prefer to just post updates in their Discord and on Twitter. This is why I try and help get the GTM community informed on here as I am on here regularly. I am seeing a lot of projects now days not post as much in this forum anymore as they prefer to use Telegram, Discord, Twitter and Facebook to keep the communities updated on the latest news.

Definitely interested in what they have to offer with the new platform release. I don’t know think the current platform is sustainable right now. It will need to be something new and original to move the price at all.

The masternode hosting market has become too overcrowded. There are competitors that have clearly surpassed GTM in their current business model.

Great news for Gentarium enthusiasts, but at least I don't like the kind of silence in the ann thread. For old investors, Gentarium enthusiasts, it is likely not a matter, but silence and inactivity in ann thread will hinder new investors because they don't see reason to invest in a project that has been inactive in ANN thread for too long. Just my two cents. I don't think guests in the thread with first impression about it, will join Discord group to find out more.
In Gentarium, I believe that they can become huge again.

I just read in the GTM discord that the team have been working on a new platform and that they are almost ready to launch very soon, they are just doing some final touch ups with texts and translation. I'm interested to see what it will be as we all know that the team need something to move this project forward into the future.

Interesting. You can only sustain the limited income from the platform for so long. They have to pay the bills one way or another.