In fact, with personal data spread so far across so many platforms it is becoming nearly impossible to even manage your own data, or know who has possession of it. The following is the all-encompassing GXChain price prediction for both near- and long-term future. Bitcoin’s dominance is currently 51.13%, an increase of 0.25% over the day. It does plan to develop the project further but has declined to publicly announce specific timelines for events. Previously he was a senior executive at three publicly-traded companies.
- View the total and circulating supply of GXShares, including details on how the supplies are calculated.
- Creating A Low-Cost, High-Speed, EVM- Compatible Blockchain; Compared to GXChain 1.0, REI Network has wholly restructured from the underlying architecture to a much simpler blockchain structure.
- The decentralized data marketplace is a peer-to-peer alternative to traditional data transfer.
- The table above shows the price and ROI of Gold Secured Currency today and previous years on the same date (Jan 30).
The marketplace is already functioning and has brought in over $10 million in revenue. The decentralized data marketplace is a peer-to-peer alternative to traditional data transfer. That includes trade through third parties or underground data transmissions.
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The GXChain Network
Through staking, users can obtain free on-chain transfers and calling contracts, as well as other resources such as trading fees. The REI Network can thus meet the requirements of compatible EVM while simultaneously addressing the issues of high processing costs and slow gxs crypto price speed. Steve has been writing for the financial markets for the past 7 years and during that time has developed a growing passion for cryptocurrencies. The primary place for purchasing GXS is at the OEX.com exchange, which has nearly 90% of the trading volume in GXS.
How Do We Calculate Our Cryptocurrency Prices?
GXChain is a public blockchain that supports that issuance of digital currencies and application development. Essentially, it allows developers to build their own decentralized and distributed applications with access to the platform. The goal of GXChain is to build a trustworthy and multi-functional data exchange network that enables the flow and exchange of data from many aspects of our lives. GXChain is striving to be the data trading network of the future, protecting user data and privacy, offering copyright protections, and usability all at the same time.
How Do We Calculate the Cryptocurrency Market Cap?
Blockcity is dedicated to protecting user privacy and does not cache user data. In the future the GXChain team has said they will also be adding mining in Blockcity, but based on the current explanation it doesn’t look as if this mining will be supporting the blockchain. Instead it appears to be in support of users and the decentralized marketplace. There are already several real-world applications for a decentralized data marketplace, including healthcare, insurance, fintech, lending, logistics, and even governments.
GXS
OEX.com is the main option for purchasing GXS, as well as the exchange where it has the highest volume of trading. It is available for purchasing with CNY (chinese yen), BTC and ETH. The GXChain technology consists of three separate components for the different users of the system. It is known as a “CBD” model, which stands for Customer, Business and Developer. The price of Gold Secured Currency in the ICO was $ 0.046 and the token sale ended on Aug 31, 2020.
Players in the Philippines can check the price of SLP to PHP today directly on CoinMarketCap. The tokens held by GXS foundation was frozen at the time of the ICO and 6 million are unfrozen the year after. Funds from the foundation will be used for hiring, consulting, business development and marketing activities. GXChain has proposed a radical ecological cooperation incentive method, wishing to use all 250 million REI unlocked to motivate ecological contributors and developers in the REI Network. Some of the methods include but are not limited to rewarding outstanding developers, investing in high-quality projects, rewarding users for making significant contributions to the environment, etc. The GXS coin showed a sudden surge in its price where it gained more than 800% in just two trading days.
When asset prices move quickly in either direction and the market itself is relatively thin, it can sometimes be difficult to conduct transactions as might be needed. To overcome this problem, a new type of cryptocurrency tied in value to existing currencies — ranging from the U.S. dollar, other fiats or even other cryptocurrencies — arose. These new cryptocurrency are known as stablecoins, and they can be used for a multitude of purposes due to their stability. Many of the smaller projects in the crypto space — and a few of the largest ones — raised money from private investors around the world in the crypto equivalent of a crowdfunding campaign. Investors would send funds — usually in the form of Bitcoin — to the project and receive coin or tokens in return. Most ICOs happened in 2017 and early 2018 and used Ethereum as a platform of operation via the ERC-20 standard.
The team is taking an interesting approach, in that any time a user spends GXS on an application, service or feature those tokens will be burnt, reducing the supply over time. This was implemented to avoid the devaluation of the token over time. The GXChain blockchain has support for many different forms of development, including blockchain as a service, smart contracts, swift login, KYC and ID verifications, and support for multi-dimensional data.
The CEO and founder of GXChain is Minqiang Huang, also known as Vincent, who has been involved in data exchange technologies for over 10 years. He also has experience with fintech and has been working in the blockchain space since 2012. In this GXS Coin review, we will take an in-depth look at the project including the technology, team and token prospects. Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox. View the total and circulating supply of GXShares, including details on how the supplies are calculated. An overview showing the statistics of GXShares, such as the base and quote currency, the rank, and trading volume.
It is also a good indication of the value investors are giving to the project and the platform. Many of us are well aware of how many applications and organizations currently collect and sell user data. Even if they don’t sell the data directly, they use it in ways that generate profits for the corporations, but leave the individual, the true owner of that data, uncompensated.