Gstechnologies Share Discussion Threads

[petersmith6] 11/11/2023 13:31

No..just business.. 0.2% commission doesn't sound much but soon adds up.

[bri15] 11/11/2023 12:44

hxxps://coincodex.com/exchange/gs20.exchange/

[bri15] 11/11/2023 12:44

Coincodex does state that over £2 billion was traded on GS20 over last 24 hours, strange going ons here.

[atlantic57] 11/11/2023 12:07

Well I’m sure the Company will update us on Monday
.

[intoodeep] 11/11/2023 11:57

Jeez unbelievable the lengths some go to so they can discredit a company

[pwhite73] 11/11/2023 11:37

petersmith6 - That's exactly what I said but the live issue here is has GS20 gone live. According to their website as of today they haven't.



"Registrations of interest to open an account upon the official launch is available from today via the GS20 Exchange website."

If they haven't officially launched how is it possible that $3.22 billion of crypto assets are passing through their exchange everyday and they haven't said a word.

I could be wrong but I what think might be happening is that the GS20 website is recording crypto trading that's all, just as ADVFN, iii and LSE record share trades but they are not exchanges themselves unlike the London Stock Exchange or the New York Stock Exchange.

If GS20 had $3.22B crypto trades going through in a 24 hour period it would make them the third largest crypto exchange in the world according to statista.

[intoodeep] 11/11/2023 11:33

Pwhite wrong as always just jealous

[petersmith6] 11/11/2023 11:03

Most companies have odd addresses for tax reasons with prestigious addresses for marketing purposes

[pwhite73] 11/11/2023 10:53

No worries. You will also note GS20 shares the same address as many other crypto-exchanges - Vilnius, Eišiški71; Sodų 18-oji str. 11. I suspect this is because like in the UK you can register your company to an address in the City of London to make it look more prestigious on the header paper but in reality you're working from home.

The City of London address will have hundreds of companies registered but not operating from there. I think this is what they have done and its just my humble opinion that despite having a website GS20 does not actually exist as a crypto operating concern.

[atlantic57] 11/11/2023 10:30

p white thanks

[bri15] 11/11/2023 09:53

Thanks PW.

[pwhite73] 11/11/2023 08:31

bri15 - They've worked it out like this. GS20 charges a 0.2% fee which is standard from what I can see. Therefore if $3.22B is traded in a day that equates to fees of £6.4 million in a day - ($3.22B x 0.2% = £6.4 million).

However I think the whole GS20 exchange entity should be treated with caution. Lithuania is a country friendly to crypto exchanges and GS20 is one of 514 registered with the government.



Just type 'gs fin' into the box marked - 'Filter records by title fragment'

Contrary to what shareholders have been told they actually went live on 12/04/2023 and not going live in the second half of 2023.

I think the figures of $3.22B from coincodex are misleading and GS20 has no commercial customers at the moment.

This should all be explained on Monday when the share price will halve.

[bri15] 11/11/2023 07:57

Well I know the GS 20 exchange is up and running so that's a truth,what I can't get is how these wild profit figures have been worked out,this company is renowned for placings and never seems to make anything, suddenly it's turning over £millions?I not buying this yet, something smells, especially after last AGM when it was allowed to allocate millions of new shares,so placing coming sometime soon.

[atlantic57] 11/11/2023 03:23

Profit 7 how do you arrive at 10 million pounds income per day

[profit7] 11/11/2023 01:24

Wow £10m income per day

GS20 Exchange cryptocurrency exchange recorded $ 3.22B in trading volume over the last 24 hours. BTC/USDT is currently the most active trading pair on GS20 Exchange, and saw $ 1.60B in trading volume in the last 24 hours


hxxps://coincodex.com/exchange/gs20.exchange/

[smackeraim] 10/11/2023 22:50

Mate you were twisting on from 40%. lol. It is what it is.

[atlantic57] 10/11/2023 20:10

When is the next trading update due that would give us some solid data .In the past the Company has commented when there has been a share price rise.If some of the projections of income that have been posted are accurate then an update would be very useful.

[nina65] 10/11/2023 17:10

If £8 mil. In 24 hours this is a easily £500 mil. Comp.

[andrbea] 10/11/2023 17:03

one of the trades is interesting:

15.30h vol 3214017, paid 1.8004 (at that time bid = 1.30, ask 1.35)
So a trade worth £57.86k

[bina117] 10/11/2023 16:37

This is going to be the next one to explode check out their website, fill your boots before its too late.

[petersmith6] 10/11/2023 16:36

8 million in 24 hours isn't to shabby. May its will go gown a bit or maybe it will go up a bit when word gets round. So lets be cautious..let's put a reality down to earth factor in.A billion a year.. ... were currently valued at 33 million..or 4.2 days income. Remember thanks the time zones is open 24 hours. So let's see what's our first month's income brings...hopefully a dividend

[pwhite73] 10/11/2023 16:23

Babbler - I would treat that 0.2% fee with caution. 0.2% of what though. According to the website $4.2 billion has been traded in the last 24 hours. 0.2% is $8.4 million.

The company needs to come clean but I suspect they are forward selling the next placing into the volume. Something might come out after hours.

[petersmith6] 10/11/2023 16:21

11 million in 24 hour..so let's say taking into account holiday 2 billion a year ..