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GXChain (GXC) is a blockchain network focused on the global data economy. Aiming to develop a reliable data ecosystem for the internet, GXChain uses DPoS as its consensus mechanism. GXChain’s notable products include G-ID, GVM, BaaS, and Blockcity. The GXChain-based DApp-Blockcity application has over two million registered users and provides vital data services to other DApps. GXChain recently launched its own decentralized data marketplace, primarily serving institutions based in China. The GXChain team independently developed and launched its mainnet in June 2017. Decentralization, cryptography, and smart token design are at the core of GXChain, which contributes to the data economy through multiple data modules.
What is GXChain (GXC)?
Users can utilize GXChain Coin for data uploading, storage, and processing services. Additionally, it is emphasized that exchanges also receive data services from GXChain, and it is used in commercial applications. GXChain currently has a significant sustainability and volume with over 2 million users in its DApp ecosystem.
As of the writing of this article, GXChain is trading at $0.5706, with a total market value of $39 million. GXChain Coin has reached a volume of $7 million in the last 24 hours and has increased by 5% within the same period. Although the total supply of GXC Coin appears to be 99 million, only 70 million GXC Coins are in circulation.
The GXChain team recently initiated a staking service and underwent a significant change in its voting mechanism. Through the Trust Node ecosystem, users are rewarded based on their votes or can choose to use them for Staking. GXChain, with its DPoS-based consensus mechanism, rewards its users in this way.
Where to Buy GXC Coin?
To purchase GXC Coin, you can use Binance, the world’s largest cryptocurrency exchange by trading volume. When looking at the volume of GXC Coin, the GXC/BTC pair on Binance is seen to have the highest volume. To buy GXC Coin on Binance, you first need to deposit Bitcoin into the exchange or purchase Bitcoin from the exchange.
Then, you can trade using the GXC/BTC trading pair by clicking on the Buy-Sell option in the upper left corner of the Binance homepage.
