What is GXChain? GXChain is a Blockchain project that focuses on the data economy and aims to create data internet value. In this article, you can find answers to questions that investors wonder, such as what is GXChain, how does it work, what is GXC, what is it for, how to buy it. cryptocoin.comWe have prepared it for our curious readers.
What is GXChain?
Founded in 2016, GXChain is a data-driven Blockchain project. In today’s internet world, every click is data and can be used by various people. However, data-driven investments have a much higher success rate. Accordingly, GXChain was designed to create a highly secure data-based internet. In addition, the project aims to become the core Blockchain infrastructure in the global data economy. The decentralized platform uses the Delegated Proof-of-Stake (DPoS) consensus mechanism. Additionally, the platform has a native cryptocurrency called GXC.
What does GXChain offer?
A decentralized application (dApp) can be developed over GXChain. The network currently includes dApps such as G-ID, GVM, BaaS, and Blockcity. Blockcity, which provides various data to its users, has more than 2 million verified users. In addition, GXChain has a data marketplace. Users can access and purchase the data they want to obtain through this data marketplace. In addition, the network develops multiple data modules, creating solutions for the data economy. Users can exchange, store and analyze data with the network. It can also use this data to generate revenue through the commercialized dApp ecosystem.
What is GXC coin? What does it do?
GXChain is decentralized. Accordingly, the decisions taken about the future of the network are determined by the GXC coin holders. In this context, the project has adopted the “one token, one vote” logic. In exchange for one GXC coin, users get one vote on a node in the network. After voting on the proposals, a token of users is burned. That is, it is removed from circulation. The second use case of GXC is staking. Staking is when users secure the network by locking their assets into a smart contract. Accordingly, users who lock their GXC holdings with a certain maturity will receive token rewards at maturity. In this way, they can earn passive income.
How about the GXC coin price?
At the time of writing, GXC had a market cap of $32.8 million. Altcoin’s 24-hour trading volume was $1,828. However, 75 million of the GXC coin were in circulation, with a maximum supply of 100 million units. The unit price of the cryptocurrency was hovering around $0.4375.
What is GXChain? How to get GXC coin?
Investors interested in the GXChain project should find an exchange where the altcoin is listed. Huobi Global, MEXC, Gate.io and Digifinex stand out among the exchanges that currently list GXC. Users who want to buy GXC coins should sign up for one of these exchanges and verify their accounts. They can then purchase the token by loading an asset in their wallet that matches GXC’s parity.
