Gny.io Review

Based on checking the website, Gny.io presents itself as a platform offering machine learning predictions for crypto traders, aiming to build useful predictive tools and drive token utility within the crypto community.

However, engaging with platforms deeply involved in cryptocurrency trading, especially those offering “predictive tools” or “AI forecasting” for market volatility, falls into a grey area concerning ethical financial practices, as the inherent speculative nature and high volatility often resemble gambling, which is not permissible.

Such platforms might encourage excessive risk-taking and can lead to significant financial loss due to unpredictable market movements.

Here’s an overall review summary:

• Platform Focus: Machine learning predictions for crypto volatility and trading.
• Key Product: GNY Range Report, providing daily 7-day forecasts for top cryptocurrencies using AI.
• Token Utility: GNY token facilitates access to features, node operation, and future data marketplace.
• Team: Experienced team members with backgrounds in tech, finance, and law.
• Ethical Concerns: The core business of predicting and facilitating crypto trading leans heavily into speculative activities, which are generally discouraged due to elements of Gharar excessive uncertainty and resemblance to Qimar gambling.
• Transparency: Provides whitepapers, patent information, and details on team members.
• Availability: Offers desktop and mobile wallets for GNY Mainnet tokens.

While Gny.io attempts to present itself as a legitimate tech venture with a detailed team and roadmap, the fundamental nature of its service—predicting and facilitating cryptocurrency trading—carries significant ethical concerns.

The volatile and speculative nature of cryptocurrency markets means that any “prediction” tool, regardless of its sophistication, inherently involves high risk and uncertainty, which can be likened to gambling.

This leads to wealth accumulation through means that are not based on genuine productivity, tangible assets, or ethical exchange, but rather on chance and speculation, which is not permissible.

Find detailed reviews on Trustpilot, Reddit, and BBB.org, for software products you can also check Producthunt.

IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.

Best Alternatives for Ethical Financial Practices

Instead of engaging in speculative financial activities, consider these ethical alternatives that focus on tangible value, productive investments, and genuine service:

• Halal Investment Funds: These funds invest in companies that adhere to ethical principles, avoiding industries like alcohol, gambling, and interest-based finance. They focus on real economic growth and tangible assets.
• Real Estate Investment: Investing in physical properties for rent or appreciation, which involves tangible assets and provides a service housing. Look for resources on ethical real estate practices.
• Small Business Entrepreneurship: Starting or investing in a business that offers a genuine product or service to the community. This promotes real economic activity and job creation.
• Ethical Tech Startups: Investing in or supporting technology companies that provide beneficial, ethical services, such as educational platforms, sustainable energy solutions, or healthcare innovations.
• Commodities Trading Physical: Trading in physical commodities like agricultural products or metals, where the exchange is based on real goods, not speculative derivatives. This should involve actual possession or clear contractual ownership.
• Savings Accounts Interest-Free: Utilizing banking services that do not involve interest riba, focusing on safekeeping and transactional convenience rather than interest-based returns.
• Precious Metals Physical: Investing in physical gold and silver as a store of value, which are tangible assets and have historically served as stable forms of wealth.

Gny.io Review & First Look

Based on our assessment of the Gny.io website, the platform positions itself as a cutting-edge provider of machine learning predictions specifically tailored for the cryptocurrency trading community.

Their primary offering, the GNY Range Report, promises daily 7-day forecasts for the volatility range of top cryptocurrencies, leveraging “cutting edge machine learning models with transparent accuracy.” While the technological ambition is evident, with mentions of AI forecasting, on-chain indicators, and LLM-powered chart simplification, the fundamental nature of its service—facilitating and enhancing cryptocurrency trading—raises significant concerns regarding its ethical implications.

Cryptocurrency trading, particularly when driven by speculative predictions, carries inherent risks and often aligns with activities considered ethically ambiguous due to the presence of excessive uncertainty Gharar and resemblance to gambling Qimar. The promise of “less emotional decisions about crypto trading” through AI tools doesn’t mitigate the underlying speculative nature of the activity itself. The emphasis on “maximizing liquidity and incentives for token holders to trade” further underscores this speculative bent. From an ethical standpoint, engaging in transactions where the outcome is highly uncertain and success relies heavily on speculation rather than productive economic activity is strongly discouraged. The platform’s disclaimer, “The GNY Range Report is not financial advice and should not be taken as such,” acknowledges the inherent risk but does not alter the core activity it supports.

Understanding the Core Offering: GNY Range Report

The GNY Range Report is highlighted as the flagship product, designed to provide “reliable, relevant and powerful machine learning predictions for crypto volatility.” This tool aims to give traders an edge by offering a predictive outlook on how major cryptocurrencies might move.

• AI Forecasting: The report utilizes specialized neural networks and custom RSI Relative Strength Index to generate optimized forecasts.
• Data-Driven Insights: It claims to integrate AI forecasting, correlations, data-driven on-chain indicators, and trend analysis.
• Scope: Initially covering Bitcoin, Ethereum, and ten other top tokens, with plans to expand to twenty-five tokens.
• Goal: To help users make “more informed, less emotional decisions” in crypto trading.

The Team Behind GNY.io

Gny.io emphasizes its diverse and experienced team, showcasing individuals with backgrounds in tech investment, corporate finance, blockchain development, legal counsel, and operations.

This attempt to project credibility through a well-structured team is a common practice for tech ventures.

• Leadership: Cosmas Wong Founder and CEO, Richard Jarritt Founder and Chief R&D Officer, Peter Davies Chairman.
• Diverse Expertise: The team includes specialists in corporate structures, business strategy, intellectual property, blockchain architecture, legal affairs, financial administration, and graphic design.
• Decentralized Operations: The team is noted as being “decentralised throughout the US, Europe, and Asia,” with the business based in Jersey, Channel Islands, and a US affiliate in New York.

While the team’s credentials may appear robust, the ethical implications of their collective effort in enabling speculative trading remain a concern.

The focus on “maximising liquidity and incentives for token holders to trade” reinforces the speculative aspect rather than promoting a framework of ethical wealth generation.

Gny.io Cons

Based on a thorough review of the Gny.io website, while the platform showcases advanced technology and a professional team, there are significant drawbacks, particularly from an ethical and financial prudence perspective.

Inherent Speculative Nature

The primary drawback of Gny.io is its direct involvement in and promotion of cryptocurrency trading through predictive tools. Aavesa.com Review

Cryptocurrency markets are notoriously volatile and unpredictable.

Relying on “AI forecasting” for investment decisions in such a market closely mirrors speculation, where gains are not tied to productive economic activity but rather to market fluctuations.

• Lack of Tangible Value: Unlike investing in real assets or businesses that produce goods and services, crypto trading often involves buying and selling digital tokens with no inherent tangible value, making it akin to betting on price movements.
• High Risk of Loss: Despite claims of “transparent accuracy” for their models, the disclaimer “The GNY Range Report is not financial advice” clearly indicates the high-risk environment. Users can lose significant capital.
• Psychological Impact: The pursuit of quick gains through speculation can lead to addictive behavior, emotional distress, and financial ruin, moving away from responsible and ethical wealth management.

Uncertainty and Gharar

The very nature of predictive machine learning for future market movements, especially in a highly volatile market like crypto, embodies Gharar excessive uncertainty. Ethical financial dealings require clarity, certainty, and a direct link to a real underlying asset or service.

• Future Unpredictability: Even the most advanced AI cannot fully predict future market events, which are influenced by myriad external factors news, regulations, market sentiment, etc. that are inherently uncertain.
• Information Asymmetry: While GNY offers tools, individual traders may still operate with significant information asymmetry compared to large institutional players, putting them at a disadvantage.

Resemblance to Gambling Qimar

The act of trying to predict short-term price movements to profit from buying low and selling high, especially in a zero-sum game environment like trading, bears a strong resemblance to Qimar gambling. In gambling, participants risk money on an uncertain outcome with the hope of winning more, without contributing to actual wealth creation.

• Non-Productive Activity: Profits from crypto trading are often derived from another person’s loss, rather than from value creation or productive enterprise.
• Focus on Chance: Despite the “machine learning” veneer, the ultimate success often depends on chance and timing rather than diligent research or direct involvement in a productive venture.

Potential for Addiction and Unhealthy Financial Habits

Platforms that offer tools for active trading can inadvertently foster unhealthy financial habits, encouraging users to constantly monitor markets and make frequent trades in pursuit of profit.

• Constant Monitoring: The need to react to market changes and the availability of “7-day forecasts” can lead to excessive screen time and mental preoccupation.
• Chasing Losses: In a volatile market, users might attempt to recover losses by taking on even greater risks, creating a detrimental cycle.

Regulatory and Legal Ambiguity

• Consumer Protection: While GNY is based in Jersey, and has a US affiliate, the extent of consumer protection for speculative trading activities can vary significantly.

In summary, while Gny.io may present a technologically sophisticated solution, its core offering encourages and facilitates speculative cryptocurrency trading.

This activity, due to its high uncertainty, resemblance to gambling, and potential for financial detriment, stands in contrast to ethical principles that prioritize tangible assets, productive investment, and avoidance of excessive risk.

Ethical Alternatives to Gny.io

Given the ethical concerns surrounding Gny.io’s focus on speculative cryptocurrency trading, it’s crucial to explore alternatives that align with ethical financial principles.

These alternatives emphasize real economic activity, tangible assets, and productive investments, steering clear of excessive uncertainty Gharar and gambling Qimar.

Here are some robust alternatives that promote ethical wealth generation and management: Myxperiencefitness.com Review

1. Halal Investment Funds

   

   • Key Features: These funds invest in companies that adhere to ethical principles, avoiding industries like alcohol, tobacco, gambling, conventional finance interest-based, and adult entertainment. They focus on businesses with tangible assets and ethical practices.
   • Price: Varies depending on the fund, typically involves management fees Expense Ratios often between 0.5% – 2.0% annually.
   • Pros: Diversified portfolio, professional management, aligns with ethical values, focuses on long-term growth from productive sectors.
   • Cons: Returns may differ from conventional funds, limited investment universe compared to conventional options, fees apply.

2. Real Estate Investment

   • Key Features: Investing in physical properties residential, commercial, industrial for rental income or capital appreciation. This can include direct ownership, real estate investment trusts REITs that are ethically screened, or crowdfunding platforms focused on ethical properties.
   • Price: Varies widely, from thousands for REIT shares to hundreds of thousands or millions for direct property ownership.
   • Pros: Tangible asset, potential for stable income, inflation hedge, contributes to real economic activity, opportunity for long-term wealth building.
   • Cons: High capital requirement for direct ownership, illiquidity hard to sell quickly, management responsibilities for landlords, market fluctuations.

3. Small Business Entrepreneurship

   • Key Features: Starting or investing in a business that provides a genuine product or service. This includes e-commerce, local services, tech startups with ethical missions, and manufacturing.
   • Price: Varies significantly based on the business type, from hundreds for online ventures to millions for manufacturing.
   • Pros: Direct control, potential for significant impact and job creation, builds real value, aligns with ethical principles of earning through effort and innovation.
   • Cons: High risk, requires significant time and effort, no guaranteed success, complex regulatory environment.

4. Ethical Tech Solutions Development

   • Key Features: Focusing on developing or investing in software, apps, or digital services that offer genuine solutions to real-world problems without violating ethical guidelines. Examples include educational platforms, productivity tools, sustainable tech, or community-building apps.
   • Price: Investment can range from personal time for development to significant capital for startup funding.
   • Pros: Scalable, can have wide societal impact, aligns with principles of beneficial innovation, often low overheads for initial development.
   • Cons: Competitive market, requires specialized skills, long development cycles, monetization can be challenging.

5. Commodities Trading Physical

   • Key Features: Engaging in the actual buying and selling of physical commodities like agricultural products e.g., grains, sugar, industrial metals e.g., copper, aluminum, or precious metals gold, silver with actual possession or clear ownership transfer. This avoids speculative derivatives.
   • Price: Varies based on the commodity and quantity.
   • Pros: Deals with tangible goods, provides essential resources for industries, can act as an inflation hedge.
   • Cons: Requires logistics for storage and delivery, market price volatility, less liquid than financial instruments.

6. Ethical Savings Accounts Non-Interest Bearing

   • Key Features: Utilizing banking services that offer accounts that do not accrue or charge interest riba. These accounts are primarily for safekeeping money and facilitating transactions. Some institutions offer profit-sharing models Mudarabah as an ethical alternative to interest.
   • Price: Typically free, though some may have maintenance fees.
   • Pros: Secure place to store funds, facilitates daily transactions, avoids interest-based dealings, simple and accessible.
   • Cons: No financial returns unless profit-sharing model is in place, potential for low inflation-adjusted returns.

7. Physical Gold and Silver Investment

   • Key Features: Directly purchasing and holding physical gold and silver bullion coins or bars. This is considered a store of value and a hedge against inflation and economic uncertainty.
   • Price: Market price of gold/silver plus a small premium for fabrication and dealer markup.
   • Pros: Tangible asset, universally recognized store of wealth, historically stable during economic downturns, avoids speculative financial instruments.
   • Cons: Storage costs and security concerns, lack of income generation, price can fluctuate, not suitable for short-term speculation.

These alternatives provide pathways to wealth generation and financial stability that align with ethical principles, focusing on real economic value, tangible assets, and productive ventures, steering clear of the speculative and highly uncertain nature of crypto trading.

Gny.io Objectives and Roadmap

Based on the Gny.io website, the platform has clearly laid out its objectives for 2024, focusing on expanding its core technology and enhancing its main consumer product, the GNY Range Report. Buttono.com Review

These objectives provide insight into their strategic direction, which remains firmly rooted in the intersection of machine learning and blockchain for cryptocurrency-related applications.

While the technical ambitions are noteworthy, the continued focus on crypto utilities reinforces the previously discussed ethical concerns regarding speculative activities.

Expanding Functionality and Security of GNY Mainnet

One of the primary objectives is to strengthen the foundational blockchain technology, the GNY Mainnet.

This involves improving its capabilities and ensuring its robustness.

• L1 Blockchain Enhancement: GNY aims to continuously expand the functionality and security of its Layer 1 L1 blockchain. This typically involves upgrades to core protocol, network stability, and possibly increased transaction throughput.
• Preparation for New Token Utilities: The ongoing development of the Mainnet is geared towards supporting future applications and services that will drive demand and use for the GNY token.

Enhancing the GNY Range Report

The signature consumer product, the GNY Range Report, is slated for significant expansion and user experience UX improvements.

This indicates their commitment to making their predictive tools more accessible and comprehensive.

• UX Improvements: This likely includes redesigning the interface, making the complex data more digestible, and improving navigation for users.
• Expanded Token Coverage: The report, which currently covers Bitcoin, Ethereum, and ten other top tokens, plans to extend its forecasts to more cryptocurrencies.
• Additional Trading Signals: Future enhancements include providing exchange insights, custom notifications, and market threshold indicators, all designed to further assist traders.

Key Milestones and Deliverables for 2024

GNY has detailed several specific initiatives planned for the current year, illustrating their development priorities.

• Data NFTs:
  • Concept: Transparency in AI is a major driver here. Data NFTs are positioned as a move towards “secure trustless data collaboration.”
  • Utility: They aim to open doors for collaborative datasets, customizable trading tools/algorithms, and the monetization of data assets.
  • Technical Basis: GNY plans to build these foundational Data NFT structures off the ERC721 protocol, a standard for non-fungible tokens on the Ethereum blockchain.
• Delegate Node Sharing Replacing GNYi:
  • Purpose: To allow all token holders to participate in supporting and securing the network, and earn compensation, without needing to hold the substantial threshold 187,500 GNY Mainnet tokens for a full node.
  • Mechanism: This will democratize network participation, enabling smaller token holders to contribute to the Delegated Proof of Stake DPoS consensus mechanism.
• GNYaiBOT Telegram Trading Assistant:
  • Accessibility: This initiative aims to make GNY’s AI-driven insights more accessible by allowing users to query their AI via Telegram direct messages.
  • Convenience: Providing insights through a popular messaging app could significantly lower the barrier to access for crypto traders.
• Bringing Range Report to Mobile:
  • Optimization: GNY is actively researching how to optimize the “deep and complex information” of the Range Report for mobile users.
  • Mobile-First Approach: This highlights a recognition of the growing mobile-first user base and the need to deliver sophisticated data in an easily consumable format on handheld devices.
• Expanded Utility of the GNY Mainnet Token:
  • Ecosystem Integration: Both GNYaiBOT and GNY Data NFTs are intended to bring new utility and token activity to the GNY network, creating demand for the native token.
  • Tokenomics: The more integrated the token is within new products and services, the stronger its utility and potential value within the ecosystem.
• Utility Driven Token Burn:
  • Deflationary Mechanism: GNY plans to implement several programs in 2024 that will tie GNY treasury token burns to the launch and promotion of new GNY technologies.
  • Market Impact: The first burn took place in August 2023, reducing treasury tokens, indicating a commitment to potentially increasing scarcity and value of the GNY token.

These objectives collectively paint a picture of a project deeply committed to enhancing its technological infrastructure and expanding its offerings within the cryptocurrency domain.

However, for those seeking ethical financial practices, the continued focus on speculative crypto trading and the associated token utility remain a significant point of divergence.

The underlying principle of ethical finance prioritizes real economic growth, tangible assets, and shared prosperity over speculative gains, which these objectives do not address. Thedigitalserve.com Review

The GNY Token and Its Utility

The GNY token is central to the Gny.io ecosystem, serving as a cryptographic utility token designed to enable digital access rights to their decentralized machine learning predictive platform for the blockchain.

Understanding its utility is crucial to grasping how the platform intends to drive value and interaction within its framework.

However, it’s important to reiterate that the token’s utility is tied to an ecosystem that facilitates speculative crypto trading, which, as previously discussed, raises ethical concerns.

Token Functionality and Access

The GNY token is positioned as the key to unlocking various features and participating in the network.

Its primary role is to grant access to GNY’s services and capabilities.

• Access to Predictive Platform: Holding GNY tokens provides digital access rights to the machine learning predictive platform. This implies that certain features, or even the core GNY Range Report, might require token ownership or staking.
• Delegate Node Operation: Token holders can become delegate node operators, participating in securing the network that employs a Delegated Proof of Stake DPoS consensus algorithm. This allows for earning compensation by contributing to network security.
• Launching Cryptographic Tokens & Sidechains: The platform suggests that token holders can launch their own cryptographic tokens and sidechains, implying a broader utility for developers and projects within the GNY ecosystem. This promotes blockchain development, which is positive, but its specific application within the GNY framework often leads back to speculative digital assets.
• Access to Special Features: Upcoming enhancements to the GNY Range Report, such as custom notifications, additional trading signals, and market threshold indicators, are likely to be exclusive to GNY token holders.
• Participation in GNY DataPlace: The token will facilitate interaction within GNY DataPlace, an upcoming decentralized data marketplace for collaboration, sharing, and monetizing datasets, ML functions, predictions, and expertise. While data marketplaces can be beneficial, if the primary data being monetized is related to speculative trading signals, the ethical concerns persist.

Tokenomics and Supply

GNY has a defined tokenomics vision, including circulating supply, total supply, and a strategic token burning program.

• Circulating Supply: 200 million GNY tokens.
• Total Supply: Initially 400 million, then adjusted to 380 million.
• Token Burn: A significant aspect of their tokenomics is the burning of GNY treasury tokens. GNY plans to burn 20 million tokens per year for 10 years, starting August 2023. This deflationary mechanism is designed to reduce overall supply over time, potentially increasing scarcity and value.
• Tokenomics Vision Document: A detailed PDF document outlining their updated tokenomics vision is available for review, indicating a commitment to transparency in their financial model.

ERC20 vs. Mainnet Token and Swapgate

GNY operates with two types of tokens and provides a mechanism for swapping between them, offering flexibility for traders and users.

• GNY ERC20 Token: This is the tradable version of the token, compatible with the Ethereum blockchain and common ERC20 wallets like Metamask. Its contract code is publicly provided.
• GNY Mainnet Token: This is the utility token used within the GNY Mainnet for its specific functionalities.
• In-Wallet Swapgate Function: GNY has an “innovative in-wallet swapgate function” that allows for 1:1 conversion between the ERC20 and Mainnet tokens without inflating the overall token count. This feature is crucial for enabling users to easily move tokens between trading platforms and the GNY ecosystem to access its utilities.

Trading and Storage

Information on where to trade and store GNY tokens is also provided, emphasizing accessibility for users.

• Trading Platforms: A list of centralized and decentralized trading options is available on their website.
• Wallet Compatibility:
  • ERC20: Can be stored in any good quality hardware or software wallet that accepts ERC20 tokens e.g., Metamask.
  • Mainnet: Can be stored in GNY’s dedicated Android & iOS Mobile Wallets, or its Desktop Web Wallet.

While the GNY token demonstrates robust technical infrastructure and a clear utility within its ecosystem, it’s critical to consider the broader ethical framework.

The token’s primary utility is intertwined with an activity speculative crypto trading that falls short of ethical financial principles due to its reliance on chance, lack of tangible productivity, and high risk of financial loss. Boardsilly2020.com Review

Therefore, any engagement with the GNY token, regardless of its technical sophistication, should be viewed through this ethical lens.

Gny.io vs. Ethical Investment Strategies

When evaluating Gny.io, it’s crucial to draw a stark contrast between its approach to wealth generation and ethical investment strategies.

Gny.io’s model, centered on machine learning predictions for highly volatile cryptocurrency trading, starkly differs from principles that emphasize tangible assets, productive economic activity, and the avoidance of excessive speculation.

This comparison highlights why platforms like Gny.io are problematic from an ethical standpoint.

Gny.io’s Approach: High-Risk Speculation

Gny.io’s core offering, the “Range Report” and its associated token utilities, are designed to enhance and facilitate cryptocurrency trading.

• Focus on Price Prediction: The platform leverages AI to predict the volatility ranges of cryptocurrencies. This is fundamentally about predicting price movements, which is a speculative activity.
• Lack of Tangible Value: Cryptocurrency, for the most part, lacks inherent tangible value. Its price is primarily driven by supply and demand, sentiment, and speculative interest rather than underlying productive assets or services. This contrasts sharply with ethical investments in real estate, commodities, or businesses that create genuine value.
• High Volatility and Uncertainty Gharar: Crypto markets are infamous for their extreme volatility. Even with “advanced AI,” the future remains highly uncertain. Engaging in transactions with excessive uncertainty about the outcome or the underlying asset is ethically problematic.
• Resemblance to Gambling Qimar: When profit is derived from guessing future price movements without contributing to actual economic output, and where one party’s gain often means another’s loss, it carries strong resemblances to gambling. The ethical framework discourages wealth accumulation through such zero-sum games.
• Passive Gain from Speculation: The GNY token utility also involves benefiting from network activities that support this speculative ecosystem. While staking and node operation are presented as ways to earn, their ultimate foundation is the movement of digital assets driven by speculation.

Ethical Investment Strategies: Tangible Value and Productive Activity

In contrast, ethical investment strategies prioritize methods of wealth accumulation that are tied to real economic growth, tangible assets, and fair exchange.

• Focus on Productive Assets: Ethical investments are directed towards businesses that produce goods or provide services, real estate that generates rental income, or physical commodities that serve a real economic purpose. Examples include:
  • Manufacturing: Investing in companies that produce tangible products.
  • Agriculture: Investing in farms or agricultural businesses that produce food.
  • Infrastructure: Investing in projects like renewable energy, transportation networks, or utilities.
• Tangible Assets: Investments are backed by physical, real-world assets rather than purely digital or conceptual ones. This provides a foundational stability and ethical grounding.
• Clear, Certain Transactions Absence of Gharar: Ethical transactions aim for clarity in terms of the asset, price, and terms of exchange. Risks are assessed and managed, but excessive uncertainty is avoided. For instance, buying a share in a company means owning a portion of a real business, not just a speculative token.
• Avoidance of Gambling Qimar: Wealth is generated through legitimate trade, labor, and profit-sharing from productive ventures, not through games of chance or speculation where capital is risked without contribution to society.
• Active Engagement and Responsibility: Ethical investments often involve a degree of active engagement or a partnership in a productive enterprise, where the investor shares in both risk and reward, reflecting genuine economic participation. For example, a silent partnership in a business, or direct involvement in a real estate venture.
• Social and Environmental Impact: Many ethical investors also consider the positive societal and environmental impact of their investments, ensuring that their capital contributes to a better world rather than just personal gain.

Conclusion of Comparison

The comparison reveals a fundamental divergence.

Gny.io, despite its technological sophistication, aligns with a model of wealth generation primarily driven by speculative digital asset trading.

This contrasts sharply with ethical investment principles that prioritize tangible assets, productive economic activity, and the avoidance of activities that resemble gambling or involve excessive uncertainty.

For those seeking to build wealth in an ethically sound manner, directly investing in and supporting platforms like Gny.io would not be advisable due to the inherent nature of the activities it facilitates. Supersaveuk.com Review

Frequently Asked Questions

What is Gny.io?

Gny.io is a platform that offers machine learning predictions for cryptocurrency traders, aiming to provide predictive tools for crypto volatility and drive utility for its native GNY token within the crypto trading community.

What is the GNY Range Report?

The GNY Range Report is Gny.io’s main product, providing daily 7-day forecasts for the range of top cryptocurrencies’ volatility using advanced machine learning models and AI forecasting.

Is the GNY Range Report financial advice?

No, the GNY Range Report explicitly states it is not financial advice and should not be taken as such.

It is presented as a tool to aid in making “more informed, less emotional decisions” about crypto trading.

What ethical concerns are associated with Gny.io?

The primary ethical concerns stem from Gny.io’s focus on facilitating cryptocurrency trading through predictive tools.

This activity is considered speculative due to its high volatility and uncertainty Gharar, and it bears resemblance to gambling Qimar, which are discouraged in ethical financial practices as they involve risk without tangible production.

Who are the key members of the Gny.io team?

The key members include Cosmas Wong Founder and CEO, Richard Jarritt Founder and Chief R&D Officer, Peter Davies Chairman, Philip Bisson Director, Zachary Barnett Head of Operations, James Kilkelly Marketing & Community Manager, Debbie Quemard Administrator & MLCO, Dan Ames Head Technical Architect, Sebastian Hensch Reynard Head Graphic Designer, and Matt Knopp Head of Blockchain.

Where is Gny.io based?

Gny.io as a business is based in Jersey, the Channel Islands, and its US affiliate Grey Jean Technologies LLC is based in New York.

The GNY team operates on a decentralized basis across the US, Europe, and Asia.

What are Gny.io’s objectives for 2024?

Gny.io’s objectives for 2024 include expanding the functionality and security of its L1 blockchain GNY Mainnet, enhancing the GNY Range Report, introducing Data NFTs, implementing Delegate Node Sharing, launching the GNYaiBOT Telegram Trading Assistant, bringing the Range Report to mobile, expanding GNY Mainnet Token utility, and conducting utility-driven token burns. Buyvintagebundles.com Review

What is the GNY token?

The GNY token is a cryptographic utility token that grants its holder digital access rights to Gny.io’s decentralized machine learning predictive platform for the blockchain.

It enables various utilities such as node operation, access to special features, and participation in the GNY DataPlace.

What is the circulating supply of GNY tokens?

The current circulating supply of GNY tokens is 200 million.

What is the total supply of GNY tokens?

The total supply of GNY tokens was initially 400 million, then adjusted to 380 million.

GNY also plans to burn 20 million treasury tokens annually for 10 years.

How does Gny.io handle token burns?

Gny.io implements a utility-driven token burn program where GNY treasury tokens are burnt at a rate of 20 million per year for 10 years, tied to the launch and promotion of new GNY technologies. The first burn occurred in August 2023.

Is there an ERC20 version of the GNY token?

Yes, there is an ERC20 version of the GNY token that can be traded on exchanges.

Gny.io also has a separate GNY Mainnet token for network utility.

How can I swap between GNY ERC20 and GNY Mainnet tokens?

Gny.io provides an in-wallet swapgate function that allows for a 1:1 conversion between the GNY ERC20 token and the GNY Mainnet token without inflating the overall token count.

What wallets can I use to store GNY tokens?

GNY ERC20 tokens can be stored in any good quality hardware or software wallet that accepts ERC20 tokens e.g., Metamask. GNY Mainnet tokens can be stored in GNY’s dedicated Android & iOS Mobile Wallets or its Desktop Web Wallet. Tuneart-records.com Review

What is GNY DataPlace?

GNY DataPlace is an upcoming decentralized data marketplace where users can collaborate, share, and monetize datasets, machine learning functions, predictions, and expertise, integrating quality-controlled ML into data marketplaces.

Has Gny.io received media attention?

Yes, Gny.io has been featured in publications like Forbes, with articles discussing the intersection of AI and blockchain in crypto trading and decentralization’s role in alleviating data biases.

How can I get more involved with the Gny.io community?

You can join their Telegram community, engage with them on Twitter, join their network testers, or contact them directly for enterprise solutions.

What consensus mechanism does the GNY blockchain use?

The GNY blockchain employs a Delegated Proof of Stake DPoS consensus algorithm with 101 nodes, boosted by a practical Byzantine Fault Tolerance PBFT for enhanced security and stability.

Is the GNY mainnet live?

Yes, the GNY mainnet went live on March 10th, 2021, after extensive testing.

A block explorer is available to view its activity.

Where can I find Gny.io’s project papers?

You can find their Technical Whitepaper and Usecase Whitepaper linked on their website, providing detailed information about their technology and applications.