GXChain Coin is the native cryptocurrency of the GXChain platform, designed to create a reliable data internet value for the global data economy. It is a fundamental blockchain for the global data economy. Utilizing the DPoS-based Graphene architecture, GXChain is a platform equipped with features such as G-ID, GVM, BaaS, and Blockcity, suitable for application development. The GXChain-based DApp-Blockcity has over two million verified users, providing abundant data for other DApps and strategic partners.
What is GXChain (GXC)?
GXChain (GXC) is a platform that offers a solution for the data economy by developing multiple reliable data modules. Data uploading, storage, computing, and exchange have been progressively realized with numerous commercial applications.
According to the platform’s statements, GXChain combines “on-chain” and “off-chain” governance, embedding people and computing codes into the governance system, thus achieving decentralization, robustness, and efficiency. Every GXChain asset owner is entitled to participate in decentralized governance. All GXC holders can vote to determine the future direction, strategy, and operations of the GXChain ecosystem.
On the other hand, GXChain’s “on-chain” governance consists of the Committee and TrustNodes. The Committee, composed of 11 members, can propose votes to change GXChain’s global parameters. TrustNodes, made up of 21 members, are responsible for the verification, production, and broadcasting of blocks.
Blockchain governance in GXChain is conducted through the GXChain committee and TrustNodes. TrustNode empowers GXC holders to participate in the governance of GXChain. There are 21 TrustNodes supporting the GXChain infrastructure, including the internet, storage, computing, etc. The top 11 of these 21 TrustNodes act as the managers of the GXChain ecosystem, forming the GXChain committee.
Additionally, GXChain staking adopts a “one token, one vote” principle. An account cannot vote for more than three candidate nodes, but each GXC is considered one vote and can only vote for one node. GXC participating in the voting for public trust nodes is pledged in their wallets, and if assets are transferred out, they are considered withdrawn.
Users can participate in voting in three ways:
- Block City: GXC in the Block City Wallet can vote for public trust nodes through Block City’s voting channel.
- Mobile GXChain wallet and PC wallet: GXC in the GXChain mobile and PC wallets can vote for trust nodes.
- Exchanges: If the user’s GXC is in an exchange wallet and the exchange supports GXChain’s general trust node voting, this method can be used to vote.
GXC Coin Review
Looking at the comments on GXC Coin, it is observed that investors are adopting a more cautious and reserved attitude. Although it is a usable coin in the popular practice of staking, investors remain hesitant for now. Additionally, the GXC coin platform and team are considered strong.
To better assess the comments on GXC Coin, it may be useful to look at historical data. As of the writing of this article, GXChain Coin, trading at 0.3130 USD, ranks 384th in market value according to CoinMarketCap data, with a trading volume of 21,834,395 USD. Currently, there are 70,000,000 GXChain Coins in circulation, with a maximum of 100,000,000 GXC Coins expected to be reached.
On the other hand, it is worth noting that GXC Coin hit a record high of 9.99 USD on January 7, 2018, and a low of 0.1911 USD on March 13, 2020.
How to Buy GXChain Coin?
GXC Coin can be quickly and easily purchased through Binance, the world’s largest cryptocurrency exchange by trading volume.
