Looking to promote a crypto project on base chain? Join @BasedGagainCTO to find out how much $GAGAIN you need to burn.
TOTAL $GAGAIN BURNED 4.2849% (071424)
Latest Community Burns
Each time GAGAIN Burns, Remaining $GAGAIN Value Increases
1,000,000 $GAGAIN Burned July 14th 2024 - Community Spotlight Post, $GAGAIN Guides, Crash & Gagain
+ 1,000,000 $GAGAIN Burned July 14th 2024 - Community Spotlight Post, $GAGAIN Guides, Crash & Gagain
487,452 $GAGAIN Burned July 10th 2024 - Community Spotlight Post, $GAGAIN Guides, Based Apes
485,235 $GAGAIN Burned July 10th 2024 - Community Spotlight Post, $GAGAIN Guides, Link TBA
100,000 $GAGAIN Burned July 10th 2024 - Artist Spotlight Post, $GAGAIN Guides, Link TBA
CRYPTO NEWS TODAY
$GAGAIN COMMUNITY CURATED NEWS
The $GAGAIN community curates and delivers the latest crypto news and insights, focusing on developments within the cryptocurrency world, particularly on Coinbase's base chain Ethereum. Stay updated with breaking news, expert analyses, and trends that matter. Whether you're a seasoned investor or new to the crypto scene, our news section provides timely and relevant information that empowers you to make informed decisions. Get a deep dive into market dynamics, upcoming blockchain projects, and investment opportunities to enhance your understanding and expand your meme coin portfolio confidently.
IRS Issues New Crypto Tax Rules for 2025: Simplified and Streamlined Reporting
Original Article: Crypto Taxation in 2025: New Rules Just Issued
Article Key Takeaways:
Updated Form 1099-DA: The IRS has released a revised draft of Form 1099-DA, which is crucial for crypto brokers and investors for reporting transactions.
April Draft Improvements: Initial improvements in the draft include the inclusion of token codes and wallet addresses intended for both taxpayer and IRS use.
Broker Identification Uncertainty: There was initial uncertainty on how the IRS would determine which entities qualify as brokers under the regulation.
Clearer Instructions: The updated draft simplifies reporting by removing the requirements to document wallet numbers, transaction IDs, and transaction times.
Broader Regulations Coming: The IRS plans to introduce regulations for decentralized and non-custodial brokers later in the year.
Public Consultation: Stakeholders are invited to submit comments on the new draft, reflecting the IRS's open approach to feedback.
Exclusion Details: Entities solely providing ledger validation services (proof of work/stake) are not classified as brokers needing to report under these rules.
Clarified Broker Types: The IRS clarified the definitions concerning the types of digital asset brokers, aiding in compliance.
Complexity Reduction: Key problematic aspects of earlier drafts have been streamlined to ease reporting burdens.
Continuing Evolution: The guidelines indicate ongoing adaptations to cryptocurrency regulations and taxation as the market matures.
This post was created by the $GAGAIN community and should not be taken as financial advice of any kind. This content within are strictly for entertainment purposes. Investing into cryptocurrency is extremely risky. You could lose everything, or you could 1000x. Be sure to DYOR before buying any cryptocurrencies.
Have an article you want to share with the community? JOIN $GAGAIN TELEGRAM
About $GAGAIN
$GAGAIN is the cryptocurrency incarnation of Jake Gagain, professional digital content creator and sensational investor. GAGAIN is a community driven initiative that strives to bring people together on Coinbase's base chain ethereum network. However, $GAGAIN does it in a way that many other cryptocurrencies, memecoins, and projects have failed to do in the past. We are 100% community driven. No one person or entity controls this project, it is shared across thousands of cryptocurrency investors on the blockchain. The community showcases crypto stories, blockchain projects and other initiatives in the base chain ecosystem. The community aims to help drive mass adoption for crypto and propel community engagement for new projects. The only requirement is that they must burn...
TOKENOMICS
SAFE CONTRACT DEPLOYMENTS = LOYAL COMMUNITIES
1BILLION
RENOUNCED
LP BURNED
JAKE 3%
ROADMAP = BURN
WHITEPAPER = INCOMING
WHEN $GAGAIN TOKENS BURN, $GAGAIN RISES IN VALUE
HOW MUCH WOULD YOU BURN FOR YOUR PROJECT TO SUCCEED?
$GAGAIN FAQS
How do I get $GAGAIN?
You can get $GAGAIN by swapping base ETH from your base chain wallet through a decentralised exchange like UNISWAP - top of page.
What is $GAGAIN for?
The utility of $GAGAIN is determined by the community. Be it funding projects, charitable donations, or used as a store of value, $GAGAIN use cases grow every day. Right now, community members are requesting spotlight articles and exposure of their favourite base chain meme coins, private telegram groups, and crypto artists/promoters. Instead of paying ETH for project visibility as most projects do, $GAGAINers are burning their $GAGAIN tokens to showcase them on basedgagaincto.org. Each time $GAGAIN burns, tokens increase in value. And as more people visit basedgagaincto.org, promotions and features gain more exposure.
Does Jake himself hold $GAGAIN?
Yes he does!
His public wallet currently holds 3% of the total supply of $GAGAIN. A gift from the contract developer and other community members upon launch. Jake himself may have a blockchain project or endeavour that he'd like exposure for in the future. How much $GAGAIN do you think he'd burn to show it off?
DEXTOOLS: $GAGAIN
DEXSCREENER: $GAGAIN
TELEGRAM COMMUNITY:
https://t.me/basedgagaincto
CONTRACT ADDRESS:
0x2Fa2EdA29225ab5DE488597e2201838eC5D28261
$GAGAIN is a meme coin with no intrinsic value and doesn't guarantee a financial return; its value is determined by the global community. Content on this website is for entertainment only and not financial advice. Engage at your own risk, as purchasing or selling tokens involves potential losses and high volatility. The authors and project participants do not accept liability for any losses incurred. This website is not an offer or solicitation to buy or sell any product, and is not directed at persons in jurisdictions where such activities are prohibited. Always consult local laws before transacting in cryptocurrencies.