Gakex was recently launched on the Tron Network and while it is quite different from the games we usually review, we feel it might be a very good addition to a network that’s currently dominated by a lot of casino’s that look and feel very similar. Gakex offers binary options, which means you can win TRX by predicting the price of several coins such as BTC , ETH and TRX.
You choose whether you expect the price to go up or down and if you guess correctly, you’ll get your bet back, plus 95% winnings. On top of that, you will earn GEX coins, which will provide you with a constant stream of income for as long as other people bet.
It should be noted that many economist believe that on very short timeframes such as the ones used in binary options trading, the price cannot be predicted as it follows what is called a ‘random walk‘. Still , Gakex appears to be a very reasonable alternative to many of the Tron casino sites we have recently reviewed.
Gakexis currently rated 3rd on DappRadar in terms of 24h volume. The site has gained a lot of new users recently and as it is the only place you can trade binary options right now, we feel the lack of competitors may lead to this site growing much larger. We will continue to monitor this site and update this article if and when necessary as many sites on the Tron Network tend to have a huge burst of volume shortly after they launch, only to burn out quickly. As Gakex is currently the only site in this segment on the TRX market, we feel the risk for this may be lower than usual and as such we’ve rated the site’s volume 4/5
Game Graphics & Entertainment 4.5/5
The site runs smooth and the option trading screen looks really slick. Compared to the very basic look some of the casinos on the Tron Network have, Gakex looks quite impressive so we’ve rated it 4.5/5.
Game Profitability 4/5
Wins pay 195% of your bet and as the win to loss ratio is bassically 1:1 , the average house edge is only 2.5%, which is reasonable and comparable to the house edge on many casino games.
Trading options on Gakex will reward you with GEX coins. These are currently trading at just under 10TRX a piece on Kiwidex, so you could opt to sell them there. However, you can also freeze GEX and get a piece of every future trade made on the site. Unlike many casinos, you don’t have to wait for your dividends as they are paid out every second. As the site hasn’t been online for very long yet it’s quite difficult to predict if dividends will stay at their current high level, which means we won’t be able to give the site a perfect score on this segment. Still, 4 out of 5 isn’t bad at all.
Total Score: 4.3/5
While this site may not be what we’re used to reviewing, we’ve rated it 4.3/5 which is quite a decent score. Binary options may be difficult to understand for those not extensively trained in economics so be sure to read up on them if you’re not sure how all of this works!
As always, we’d love to hear your thoughts on our review ! Drop us a comment below and don’t forget to follow us on Twitter @TRX_Com !