A virtual currency has gained a new star as the world’s first Delaware virtual currency exchange.
Key points:The state’s new virtual currency platform, GST, has a “marketplace” for trading virtual currencies at a low costGST is offering to offer trading for up to $1,000 for a limited timeThe exchange will be run by a Delaware based company, but the platform will be open to anyone who is willing to register for a new accountGST announced plans to open up trading to Delaware residents last year and now has the first digital currency exchange to offer customers in the state.
The state has been working to develop a market for digital currencies, particularly in the US and in developing countries, with some states such as New York and California already doing so.
The Delaware exchange will allow Delaware residents to trade their virtual currencies for real money, which can be used in the digital world.
“We’re excited to offer Delawareans the opportunity to trade for their virtual currency in a safe, secure, and low cost manner,” said John C. Schaffer, CEO of GST.
“Delawareans can now take advantage of our platform to trade in real-time for real-world goods and services.
It’s a great opportunity for Delawareans and we look forward to making the Delaware exchange a great one for Delaware residents.”GST says it has over 20,000 registered users in Delaware, and is set to launch the Delaware platform in the coming weeks.
The exchange is offering a one-time $1m “marketcap” in virtual currencies on the first day of trading, and the first 250 customers to register can take home $50,000 of the proceeds.
It will be the first exchange to be launched by the state, with other state-based exchanges offering trading for a similar price.
“The Delaware virtual currencies market will be a new and exciting addition to our virtual currency ecosystem,” said GST’s Chief Executive Officer, John Schaffer.”GST has been a leader in the virtual currency space since launching its Delaware exchange in 2015.
Our new exchange will provide an easy way for Delaware consumers to trade real world goods and service with the value they deserve.”
Delaware has a relatively low tax rate of 3.95%, compared to the states rate of 7.5% and 6.75%.
It will offer a $500,000 tax refund to all Delaware residents who register for the exchange, and will waive registration fees for residents of the state who do not live in the United States.
The first customers will be given a “virtual coin” to trade and can then choose which virtual currency they wish to trade on their behalf.
The amount of the trade will be determined by the value of the virtual coin.
A “virtual currency” is any currency that can be exchanged electronically.
The virtual currency can be traded for real cash, for goods and for services such as purchasing and selling virtual goods and virtual services, and it is also used to pay for goods, such as car insurance, food and entertainment, among other things.
There is currently no state-wide exchange for virtual currencies in the U.S.
But digital currencies have become a hot commodity in recent years.
Earlier this year, the US Federal Reserve announced it would begin exploring a digital currency “printing press” in which all US dollars are printed in a digital computer, and that the virtual currencies could be transferred to the public via a digital wallet.