U.S. Markets closed
  • S&P 500

    4,471.37
    +33.11 (+0.75%)
     
  • Dow 30

    35,294.76
    +382.20 (+1.09%)
     
  • Nasdaq

    14,897.34
    +73.91 (+0.50%)
     
  • Russell 2000

    2,265.65
    -8.52 (-0.37%)
     
  • Gold

    1,768.10
    -29.80 (-1.66%)
     
  • EUR/USD

    1.1606
    +0.0005 (+0.0464%)
     
  • 10-Yr Bond

    1.5760
    +0.0570 (+3.75%)
     
  • Vix

    16.30
    -0.56 (-3.32%)
     
  • GBP/USD

    1.3751
    +0.0074 (+0.5418%)
     
  • USD/JPY

    114.2000
    +0.5230 (+0.4601%)
     
  • BTC-USD

    61,246.01
    +3,593.59 (+6.23%)
     
  • CMC Crypto 200

    1,464.06
    +57.32 (+4.07%)
     
  • FTSE 100

    7,234.03
    +26.32 (+0.37%)
     
  • Nikkei 225

    29,068.63
    +517.70 (+1.81%)
     

Gex Management Inc’s Subsidiary announces the launch of its first clients DeFi Platform, GoatX on Sept. 14th 2021 Launches Company into the Multi-Billion Dollar DeFi Industry

  • Oops!
    Something went wrong.
    Please try again later.
·3 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Dallas, TX., Sept. 13, 2021 (GLOBE NEWSWIRE) -- Gex Management (OTC:Pink:GXXM)’s subsidiary Gex Data Labs Inc. (GDL) announces the GoatX DeFi Platform will begin operating on September 14th, 2021. GXXM is a significant shareholder of GDL. GoatX is a tool that provides a necessary bridge for institutional and serious investors wanting to invest and trade cryptocurrency products using Decentralized Finance (DeFi) platforms. In addition to cryptocurrency tokens, these DeFi platforms include liquidity pools, yield farms, index funds, and derivatives providing enormous yields. The GoatX platform allows investors to track cryptocurrency transactions and balances across different centralized exchanges and DeFi platforms. The platform allows users to maintain their entire portfolio in a single location regardless of whether they purchased their cryptocurrency on centralized exchanges or DeFi platforms. Another revolutionary feature of the platform is how it allows investors to determine individual trade profitability of past, current, and future trades on any DeFi Platform. This is especially important for US investors who must keep accurate records to be tax compliant. Determining profitability is especially difficult for investors using DeFi platforms because trades are made by swapping existing tokens from their portfolio to obtain new ones with no regard to the original price paid for the token being swapped (sold).

GDL has proprietary technologies enabling it to rapidly analyze market trends and new tokens entering the DeFi marketplace. Several companies have raised significant funds to establish such a capability. GDL’s crown jewel is its capability to gather massive amounts of market data across blockchains and structure it for rapid analysis. GDL is experiencing significant demand for these capabilities.

GXXM has a business agreement to market these DeFi tools and is in the process of creating Business Intelligence (BI) toolsets that expand the capability of GDL products. GXXM has created analytic models to analyze GDL’s datasets for its own use in staking DeFi protocol tokens on various DeFi exchanges. Mr. Joseph Frontiere, CEO of GXXM said “Gex Management invests for its own account and will manage ETF’s through a BVI subsidiary being established and market our proprietary algorithms to hedge funds and family offices. We believe that the GoatX launch will increase the market value of our subsidiary GDL providing GXXM with significant revenue. GoatX, GDL datasets, and GXXM business intelligence tools will enable hedge funds, institutional investors, and professional traders to profit from the explosive growth of DeFi. This should have a significant positive impact on our market capitalization.”

About GEX Management

GEX Management, Inc. is a Management Consulting company providing high end Strategy and EnterpriseTechnology Consulting solutions to public and private companies across a variety of industry sectors. http://www.gexmanagement.com

Forward-Looking Statements:

The statements contained herein that are not historical facts are forward-looking statements within the meaning of the federal securities laws (Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of (1934). You can identify such forward-looking statements by the words "expects," "intends," "plans," "projects," "believes," "estimates," "likely," "possibly," "probably," "goal," "opportunity," "objective," "target," "assume," "outlook," "guidance," "predicts," "appears," "indicator" and similar expressions. Forward-looking statements involve a number of risks and uncertainties. In the normal course of business, Gex Managemtnt, in an effort to help keep our stockholders and the public informed about our operations, may from time to time issue such forward-looking statements, either orally or in writing. Generally, these statements relate to business plans or strategies, projected or anticipated benefits or other consequences of such plans or strategies, or projections involving anticipated revenues, earnings, profits, pricing, operating expenses or other aspects of operating results. We base the forward-looking statements on our expectations, estimates, and projections at the time such statements are made. These statements are not guarantees of future performance and involve risks and uncertainties that we cannot predict. In addition, we have based many of these forward-looking statements on assumptions about future events that may prove to be inaccurate.

The actual results of the future events described in such forward-looking statements could differ materially from those stated in such forward-looking statements.

Contact: info@gexmanagment.com