Gem Exchange and Trading

What is Gem Exchange and Trading (GXT)?

Gem Exchange and Trading (GXT) is aiming to become a major player in the global diamond distribution market by 2023. The company focuses on enhancing the diamond and jewelry trading experience through various innovative services.

Key Features of GXT

• GXT Token & NFT: GXT Token can be used for staking and trading on the platform. The GXT NFT service provides digital warranties for diamond and jewelry products, ensuring quality through blockchain verification.
• GXT Wallet: Allows users to deposit, withdraw, and stake GXT Tokens, as well as manage GXT NFTs. It supports easy transactions and information inquiries.
• GXT Staking: Users can stake GXT Tokens for different periods (3, 6, or 12 months) with varying rewards. The staking process is accessible via the GXT Platform.

GXT World and Auction

• GXT World: A platform for purchasing and consigning diamonds and jewelry. Users can also buy items with GXT Tokens or other payment methods.
• Auction Service: Exclusive for members, allowing bidding on diamonds and jewelry using GXT Tokens. Auctions are held monthly, and shipping insurance is covered for successful bids.

System Architecture

• Hybrid Network: GXT uses a combination of on-chain and off-chain systems for transaction speed and privacy. The platform integrates with Ethereum and offers a scalable solution for its services.
• Scalable Off-Chain Storage: Utilizes a scalable, serverless architecture for off-chain data to ensure high performance and easy verification of transaction integrity without overwhelming the blockchain network.
• Smart Contract Integration: GXT leverages smart contracts for automating processes and ensuring transparency in transactions.

Roadmap 2024

• 1Q: List GXT Token on top-tier exchanges, advance GXT Land Metaverse Platform, and progress NFT-based adventure game development.
• 2Q: Launch GXT Land Metaverse Platform with avatar item functionalities, and release the NFT-based adventure game.
• 3Q: Host online events in GXT Land Metaverse, expand land, and update the adventure game.
• 4Q: Launch GXTEB Web 3.0 project, deploy over 10 dApps, and update the whitepaper.

Team Background

Main member of the GXT Platform team includes:

• Jay Koh: CEO, with expertise in blockchain and co-founder roles.
• Irvan T: CSO, specializing in partnerships and marketing strategies.
• Nette Ramos: Marketing Manager, with a strong IT background.
• Tricia Gabrielle: Project Manager, focusing on strategic communications.

Other Projects in the Collectibles Category

• SuperVerse: offers Web3 products, NFTs, and immersive blockchain gaming experiences.
• Aavegotchi: merges gaming and finance, enabling users to buy, sell, and upgrade NFT avatars.
• Avocado DAO: a DAO focused on expanding blockchain technology and supporting the metaverse and virtual gamers.

Gem Exchange and Trading Price Analysis

As of November 24 2024 Gem Exchange and Trading has a marketcap of $6.3K. This is {{percentagefromath}} from its all time high of $1.022. In terms of its tokenomics, there's a total supply of 500M with 17% currently outstanding. Keep in mind Gem Exchange and Trading has a fully diluted value of $38K which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.

Summarized in part by ChatGPT 4 and Claude