GXChain

What is GXChain

GXChain stands as a foundational blockchain at the forefront of the global data economy, with a vision to establish a trustworthy data internet of value. Leveraging a Delegated Proof of Stake (DPoS) based Graphene underlying architecture, GXChain boasts features like G-ID, GVM, BaaS, and Blockcity, catering to the convenience of application development.

The DApp-Blockcity, affiliated with GXChain, boasts over two million verified users, offering data services to other DApps and strategic partners. The project initiated a decentralized data marketplace, actively serving numerous Chinese enterprises. Independently developed and launched in June 2017, GXChain addresses the data economy challenges through decentralization, cryptography, and smart token design, leading to the development of multiple data modules. The DApp ecosystem currently claims a user base of 2 million.

GXC Coin Overview

Ticker: GXC Blockchain: GXChain Type: Coin Consensus: Delegated Proof of Stake (DPoS) Block Time: 3 seconds Avg. Transaction Time: 100,000 TPS Total Supply: 100,000,000 GXC Circulating Supply: 60,000,000 GXC

Token Distribution:

• Early Investors: 10%
• Market Release (Token Sale): 24.51%
• Blockcity Mining Pool: 5%
• Community Developer Fund: 9.49%
• GXChain Foundation: 51%

Use Cases of GXChain (GXC)

Similar to ETH in Ethereum or EOS in EOSIO, GXC plays a crucial role in governance and applications on GXChain. The utility includes on-chain and off-chain functions.

Governance (On-Chain):

• Proposal: Committee members propose GXC usage.
• Voting: GXC for TrustNodes and committee member elections.
• TrustNodes Rewards: GXC as a reward for TrustNodes.
• Transaction Fee: GXC for paying transaction fees in GXChain's network.

Governance (Off-Chain):

• Community Incentive: GXC rewards for GXChain community developers.

Application:

• Development Resources: GXC for dApp creation, Smart Contracts, BaaS, and more.
• System Resources: GXC for GXChain resource system usage.
• Means of Payment in dApps: GXC as a payment method in applications on GXChain.
• Data Transaction: GXC for purchasing personal data with individual consent.

Transaction Fees and Acquisition of GXC

When transacting with GXC, users may encounter various fees, including transaction fees within the GXChain network and deposit/withdrawal fees on exchanges. The acquisition of GXC can be through becoming TrustNodes, Blockcity rewards, participating in bounty programs, or exchanging personal information through data exchange.

GXC operates on the GXChain Blockchain platform, necessitating the use of GXChain Wallet and PC Wallet for secure storage. While exchanges supporting GXC trading can also store the coin, long-term HODLers are advised to exercise caution and limit storage on exchanges.

GXChain Exchange (GXC) and Investor Backing

GXChain (GXC) is actively traded on various exchanges such as Binance, Bit-Z, Bithumb, and Huobi Global. With a robust 24-hour trading volume exceeding $11 million, GXC exhibits stable liquidity, primarily concentrated on Bit-Z (75.7%) and Binance (8.6%). Notably, GXChain has garnered investments from prominent funds like LINKVC, Fenbushi Capital, Inblockchain, and ZhenFund.

Project Development: GXChain Changed Into Rei Network

The GXChain Foundation has announced a comprehensive proposal heralding a transformative shift from GXChain to the Rei Network. Initially launched in 2017 as GXChain 1.0, the platform achieved recognition and success in the data field. However, spurred by the revolutionary changes brought by DeFi in 2020, GXChain has embraced a new direction with GXChain 2.0, which has been under stable operation on the testnet for over six months.

The Rei Network, introduced in the comprehensive proposal, signifies a pivotal evolution, not just as a newer iteration but as a distinct architecture aimed at fulfilling the goal of creating a data internet of value. This transition involves compatibility with the Ethereum Virtual Machine, the integration of a slashing module, and the establishment of a free development platform. The move from GXChain to Rei Network underscores a strategic effort to adapt to industry trends and position the platform for continued success in the evolving blockchain landscape.

GXChain Price Analysis

As of December 25 2024 GXChain has a marketcap of $32M. This is {{percentagefromath}} from its all time high of $10.61. In terms of its tokenomics, there's a total supply of 100M with 75% currently outstanding. Keep in mind GXChain has a fully diluted value of $43M 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.