Topic: GCOX sharing for you all (Read 137 times)

GCOX Global Star Coin Digital Currency Exchange
Source: Block Network

Shakespeare said that celebrities are the stars in the sky. They shine and shine in the glitz and charm of the stars. In today's high-tech era, the nature of popularity has undergone earth-shaking changes, and the days when celebrities have been "forgotten" are gone forever. The emergence of social media has made once again a star that can be re-emphasized. A tweet, a post, or a podcast may be enough to reinvigorate popularity. Even celebrities who are socially ill will be able to rebuild their popularity and image through their social media, apologize or self-justify.

The emergence and development of mobile technology and smartphones over the past two decades has had a major impact on global communications and the media. The Internet enables users and market makers to master the interaction between Internet and social media, creating new ways for brands and stars to communicate with fans and the public. As the number of celebrity social media followers grows, their fan base and popularity are also expanding. In fact, the number of followers on social media such as Facebook, Instagram and Twitter has become a popular indicator. Stars have begun to capitalize their vast fan base and public followers by making more intimate and personal contacts through a variety of social media channels. Some have even taken their social media to a new level, profiting by selling merchandise, promoting fan meetings, organizing concert tickets, etc., thereby further enhancing the loyalty and affection of fans.
As the number of celebrity social media followers grows, their fan base and popularity are also expanding. In fact, the number of followers on social media such as Facebook, Instagram and Twitter has become a popular indicator. Stars have begun to capitalize their vast fan base and public followers by making more intimate and personal contacts through a variety of social media channels. Some have even taken their social media to a new level, profiting by selling merchandise, promoting fan meetings, organizing concert tickets, etc., thereby further enhancing the loyalty and affection of fans.
GCOX is the world's first such platform, enabling stars and brands to leverage blockchain technology, a highly secure and reliable distributed protocol, to truly reinvent and redefine popularity and star culture in ways never before possible. The platform also allows stars to expand, manage and revitalize through the various media in the ACCLAIM blockchain at different stages of their star lifecycle, and the ACCLAIM regional chain is the fundamental blockchain for distributed exchanges.

The celebrity world is bustling, people come and go, the popularity of the stars is ups and downs, and the stars are going up and down, often ups and downs. Despite this, GCOX is determined to create a myth of immortality, let the stars shine forever!

Project scope
The scope of the project can be defined by answering the following questions:
(a) Who are our customers?
(b) What are their needs?
(c) How does GCOX meet these needs?
Our main customers are pre-locked as stars. GCOX provides each star with a solution for each stage of the star career. The star career begins with the introduction phase, then the growth phase, the maturity phase, and the recession phase, and finally reaches the final decision point. Regardless of the stage of the star, GCOX has a solution that meets its needs. These stars may include sportsmen, entertainers, net reds, experts and fictional celebrities.
For example, stars in the import and growth stages can use the GCOX platform to enhance, enhance and expand their popularity. GCOX will raise funds through its ICO platform to meet the needs of its stars and promote its campaigns and brands to its fans and the general public through its engagement platform.

Star career
(1) Import
This is the stage when the star was first introduced to the world. At this stage, the support and exposure of fans may be limited because he or she is a newcomer in the star market. At this stage of my career, the competition is fierce, and it is urgent to rapidly expand the brand of the star (popularity) and grasp the potential market. GCOX aims to support the stars at this stage by raising funds, strengthening brand promotion, and increasing exposure to effectively promote their professional development.
(2) Growth
This is the stage when the star is quickly introduced to the world after being introduced to the world. The stars at this stage usually have not only hardcore fans, but also the support of many surrounding fans. As the popularity continues to increase, they also have more opportunities to further develop their careers and build star brands. At this stage, GCOX will boost the development of the star by raising funds and funding activities that will drive the star into the next stage of the star.
(3) Mature
At this stage, the star has established its own popularity and has a unique star brand. Because at this stage, stars can use their popularity to mobilize fans on a large scale, so there is also unlimited potential to enhance and enhance their careers. At this stage, GCOX supports the stars by raising funds and funding activities, enabling them to reach their full potential and maintain popularity at this stage.
(4) Recession
This is the stage in which the star's popularity is gradually declining. At this stage, the stars began to lose exposure and fame, and the brand influence also declined. At this stage, GCOX helps the stars improve, extend and restart their career development by raising funds and support activities.
(5) Decision point
This is the stage when the star's popularity falls. The stars at this stage are mainly supported by their hardcore fans. Because the star market has limited exposure at this time, it has been forgotten by many people and must actively promote themselves and activities. At this stage, GCOX's goal is to help the star revitalize his career by raising money and supporting various activities to re-establish star and public interaction. Whether the star wants to raise money through ICO or wants to communicate in a timely manner (a. Star Project b. Star Interaction c. Star Charity), GCOX has solutions and platforms that meet their needs at every stage of the star life cycle.
2. Income stream

The GCOX model promotes the development of stars through various core businesses, enhancing their interaction and intimacy with fans, creating a symbiotic relationship. These core businesses include incentives, cashing, crowdfunding and participation.

Technical overview
The GCOX platform implements a profitable ecosystem supported by blockchain technology and is built on the ACCLAIM blockchain.

The ACCLAIM blockchain is based on the NEO blockchain, using a 15-20 second block and a dBFT consensus mechanism. dBFT is a Byzantine fault-tolerant consensus mechanism that enables large-scale node participation consensus through proxy voting. The ACCLAIM blockchain has built-in core features such as distributed trading ("DEX") that allow users to easily trade tokens in a standard and seamless way, giving users privacy and complete freedom.

ACCLAIM currency
ACCLAIM Coin (ACM) is the base currency for the creation and trading of all star and currency tokens on a distributed trading platform, totaling 1 billion, with a minimum unit of 0.00000001. ACM coins are used as a means of redeeming different star tokens for many different stars.
In addition to being the base currency, ACM coins can be added in the following ways:
• In the ITS period, subscription of star tokens in ACM currency will receive a subscription reward of 20%
• During the ITS period, each successful order of ACM coins will receive 20% more APL coins.
• Finally, GCOX ensures ACM mobility through these mechanisms:

Buyers and sellers trading on the GCOX platform each pay 0.1% transaction fee
GCOX will use the profits earned from the transaction fee to buy more ACM from the market to increase demand.
GCOX guarantees to lock 50% of ACM purchased for one year to reduce currency flow in the market
To ensure transparency, GCOX will announce all locked ACM cold storage addresses on our websites and applications each month.
1.APL
APPLAUSE (APL) has a maximum limit of 1 billion and a minimum unit of 0.00000001, which is a fuel token that controls the operation of the ACCLAIM network. When you sell the coin, you will order the ACCLAIM coin and the Applause coin (equivalent to the amount of 20% ACCLAIM coin). Holding a certain number of APL coins, you will receive voting rights (as a consensus node).
Star currency
The ACCLAIM blockchain enables stars to trade their own star coins on a distributed trading platform and convert their popularity into tokens. By launching the star currency ITS, the stars can trade fan privilege and further exploit and gather popularity. The market value of the star token will provide a realistic indication of the popularity of the star.
3. Currency tokens
Currency tokens support the encryption of digital currencies such as bitcoin (crypto tokens associated with bitcoin blockchains) and Ethernet coins (crypto tokens associated with Ethereum blockchains) in a proxy manner. The function of currency tokens is to represent their respective cryptocurrencies in 1:1, so that the cryptocurrency they represent can be traded on the local built-in distributed trading platform through the ACCLAIM blockchain.
4.DEX (Distributed Trading Platform)
In a distributed trading platform, users have full control over their funds. These funds are always stored in the blockchain wallet, rather than being stored in the trading wallet, thus eliminating the risk of intruding centralized transactions and losing money. Order records containing buy/sell orders are stored in the blockchain to ensure process integrity, transparency and immutability, as changes in the blockchain are publicly visible, accessible to everyone, and cannot be viewed Change or delete.
Although the chain transaction is executed every time an order is placed, cancelled, or fulfilled, the dBFT consensus mechanism measures up to approximately 1000 transactions per second with an interval of 15-20 seconds, ensuring that all the most complex transaction. The distributed trading platform includes a multi-currency blockchain wallet that users can store and trade using their star currency, currency token, ACCLAIM currency and APL.
5. Star ITS platform
(A) The Star ITS platform provides a standardized process for stars to launch star crowdsourcing on our ACCLAIM blockchain without any blockchain knowledge or development. Fans and potential investors will be able to use our website or mobile app to browse the list of working, upcoming and past ITSs to research and purchase celebrity coins. By interacting with the ACCLAIM blockchain through a stateless, lightweight Remote Procedure Call (RPC) protocol [JSON-RPC], you get the following features:
(i) registration and issuance of star coins
(ii) Create and list ITS activities
(iii) a donation wallet;
(iv) Control panel to track the progress of ITS activities, such as the total amount of funds raised and the number of donations.
(B) In order to improve security, each user will be provided with a unique address for all transfers by the user.
ACCLAIM blockchain features
1.ACCLAIM blockchain
The distributed trading platform on the local chain will continue to demonstrate the optimal features of distributed and centralized transactions. Privacy, process integrity, transparency, and invariance are provided by storing buy and sell orders on the blockchain, similar to those typically implemented in other distributed trading platforms. Unlike other distributed trading platforms, similar to centralized trading, there is no transaction fee for buying, selling, or canceling orders. There is a transaction fee only for fulfilling the order. Compared to distributed transaction platform implementations based on smart contracts, the local built-in distributed trading platform provides higher performance because it performs local matching logic without running at low speed on all virtual machines in the network.
2.Applause generation mode
The ACCLAIM network founding block will generate 1 billion ACCLAIM coins and 200 million APL (20% of the APL maximum), and the remaining 800 million APL will be generated by the decay algorithm. About 2 million blocks will be produced each year, with an interval of 15-20 seconds. Initially it will be 60 APPLAUSE tokens per block, and each subsequent 2 million blocks will be reduced by 10 APPLAUSE tokens until the resulting APPLAUSE token reaches 10 APL per block. The APPLAUSE token will then be stable at a rate of 10 APPLAUSE tokens until the maximum total amount of APPLAUSE tokens is reached. After about 25 million pieces have been generated in about 25 years, the total amount of APL produced will reach 1 billion. From this time, no new APL will be produced. According to this release curve, 50% and 80% of APL will be generated in the first four years and the first fourteen years respectively. The generated APPLAUSE token will be assigned in the consensus node.
3. Trading
3.1 Transaction confirmation
The functions of the dBFT algorithm are as follows:
(a) When the consensus node selected by the ACCLAIM currency holder receives a transaction from the client application, it broadcasts the transaction to the entire network with the sender's signature consensus node ("consensus node").
(b) When the consensus node receives the broadcasted transaction, the received transaction data is recorded in its local storage.
(c) When the consensus consensus security threshold has the same current block height and view index, the first view of the new round of consensus will begin.
(d) Select a speaker ("speaker") from the network of consensus nodes based on the current block height.
(e) After the block generation time interval, the speaker broadcasts the block proposal containing the transaction including the "preparation request" to the consensus node network for viewing.
(f) The consensus node receives and verifies the block proposal.
(i) Broadcast "PrepareResponse" if the block proposal is valid.
(ii) Broadcast "ChangeView" if the block proposal is invalid
(g) Any consensus node, after reaching at least the security consensus threshold "PrepareResponse" broadcast, agrees and issues a block.
(h) After receiving a valid full block, any consensus node clears the current view data and begins a new round of consensus.
(i) If any of the consensus nodes cannot reach a consensus after a period of time, the "ChangeView" will be broadcast.
(j) Once the consensus node receives at least the broadcast security consensus threshold indicating the same view change, the view index will increase, triggering a new round of consensus.
In dBFT, each block is final.
3.2 Transaction costs
In order to prevent abuse of resources and provide economic incentives for the operation of consensus nodes, all generations