Topic: Genesis Blockchain Introduction (Read 70 times)
what's the token address?
SSL not found, ANN is here, white-paper is MIA, exact tokenomics MIA, this is another ERC-20 contract?
Genesis Introduction：
The Genesis Chain (GS) is the world's first public blockchain for decentralized commerce and finance.
A brand new consensus mechanism of great originality called PoC (Proof of Consumption) is specially designed and incorporated into the blockchain as an economic incentive for miners in terms of consumption activities rather than staking or computing, whereby GS will be transforming commercial profits into financial dividends that are shared by businesses and customers alike.
By having been compatible with Ethereum Virtual Machine, GS enables smart contract engineers to easily develop a great variety of dApps that are going to revolutionize traditional centralized commerce and finance, thereby opening up a new era of decentralized sharing economy.
Genesis Application:
The commercial application value of GS Blockchain
GS Blockchain will give full play to the e-commerce industry, product traceability, supply chain finance, logistics system, IoT ecology, asset chaining, electronic data processing (TPS), and consumer entertainment. Basic function such as payment, consumption, digital currency, product anti-counterfeiting, and product right confirmation are all optimized.
Application of product traceability application system
With the help of blockchain technology, the product traceability system can realize trust sharing among brands, distributors, retailers, consumers, regulatory agencies, and third-party testing agencies, and comprehensively improve brand, efficiency, experience, supervision, and the overall benefits of the supply chain .
Internet of Things transaction system application
The Internet of Things data transaction platform is one of the cores of public chain applications. On this platform, equipment manufacturers can establish channels for collecting and selling data; device users can provide personal data through this channel to obtain revenue; data buyer, such as Advertisers can also use this platform to accurately locate user, obtaining user’s profile data, and more efficiently achieving the purpose of dissemination at a lower price.
Supply chain finance application
The supply chain finance application system is based on the distributed storage function of blockchain technology. It naturally contains the characteristics of tamper-proof, decentralization, openness and visualization. It can effectively solve many pain points in traditional supply chain finance, in addition helping supply chain finance to break the bottleneck and develop innovatively .
Token Introduction:
Genesis Blockchain comes with dual tokens: GS token and GC token.
Equity Token：GS Token
It could be approximately regarded as the “stock” of Genesis Blockchain.
The GS token is produced by mining in Genesis Chain，and it is the value of the underlying and equity certificate among numerous application links and circulates in a variety of application scenarios such as transaction, mining, reward, punishment, voting, dividend, and lending around the ecosystem of Genesis Chain. GS is a token equipped with a mechanism of supplying by Dynamic Deflationary, which calculates the mining output of GS token in real time by multiplying the baseline of exponential decay by the floating coefficient according to model of the actual business demands.
The total number of GS token issued in the previous two years would be 200-300 million.
Payment Token: GC Token
It can be approximately regarded as the "credit" of Genesis Blockchain.
The GC token is an algorithmic stable token applied around the ecology of Genesis Chain, with mechanisms of none external asset pledged, issuance by decentralization, as well as a stability maintenance mechanism of algorithm-driven. GC token is used for consumption and transaction scenarios on and off the chain.
Issuance Mechanism of GC: As what is written in an exclusive smart contract equipped with Genesis Chain naturally:
GS is Pledged to lend GC; GC is return to redeem GS.
Genesis Chain is naturally equipped with an exclusive smart contract, which contains the interest rate model of GC’s lending as GC’s mechanism of self-stabilization. The specific interest rate is determined by the following two aspects:
A.An establishment of an intelligent adjustment model is applied according to the CPI (Consumer Price Index) of blockchain’s ecological;
B.A market-oriented adjustment model is introduced according to the relationship between supplies and the demands.
The exchange rate between GS and GC is determined by the decentralized exchange that is self-equipped by the blockchain.
The exchange rate between GS and GC is determined by the exclusive decentralized exchange that is self-equipped by the blockchain.
ABOUT Genesis：
Web: www.genesischain.io
Twitter: https://twitter.com/GS_Blockchain1
Medium: https://medium.com/@GS_Blockchain
Reddit: https://www.reddit.com/user/Genesis_chain
Telegram: https://t.me/GSBlock_Global
Linkedin: https://www.linkedin.com/in/blockchain-gs-9643a821a/
The Genesis Chain (GS) is the world's first public blockchain for decentralized commerce and finance.
A brand new consensus mechanism of great originality called PoC (Proof of Consumption) is specially designed and incorporated into the blockchain as an economic incentive for miners in terms of consumption activities rather than staking or computing, whereby GS will be transforming commercial profits into financial dividends that are shared by businesses and customers alike.
By having been compatible with Ethereum Virtual Machine, GS enables smart contract engineers to easily develop a great variety of dApps that are going to revolutionize traditional centralized commerce and finance, thereby opening up a new era of decentralized sharing economy.
Genesis Application:
The commercial application value of GS Blockchain
GS Blockchain will give full play to the e-commerce industry, product traceability, supply chain finance, logistics system, IoT ecology, asset chaining, electronic data processing (TPS), and consumer entertainment. Basic function such as payment, consumption, digital currency, product anti-counterfeiting, and product right confirmation are all optimized.
Application of product traceability application system
With the help of blockchain technology, the product traceability system can realize trust sharing among brands, distributors, retailers, consumers, regulatory agencies, and third-party testing agencies, and comprehensively improve brand, efficiency, experience, supervision, and the overall benefits of the supply chain .
Internet of Things transaction system application
The Internet of Things data transaction platform is one of the cores of public chain applications. On this platform, equipment manufacturers can establish channels for collecting and selling data; device users can provide personal data through this channel to obtain revenue; data buyer, such as Advertisers can also use this platform to accurately locate user, obtaining user’s profile data, and more efficiently achieving the purpose of dissemination at a lower price.
Supply chain finance application
The supply chain finance application system is based on the distributed storage function of blockchain technology. It naturally contains the characteristics of tamper-proof, decentralization, openness and visualization. It can effectively solve many pain points in traditional supply chain finance, in addition helping supply chain finance to break the bottleneck and develop innovatively .
Token Introduction:
Genesis Blockchain comes with dual tokens: GS token and GC token.
Equity Token：GS Token
It could be approximately regarded as the “stock” of Genesis Blockchain.
The GS token is produced by mining in Genesis Chain，and it is the value of the underlying and equity certificate among numerous application links and circulates in a variety of application scenarios such as transaction, mining, reward, punishment, voting, dividend, and lending around the ecosystem of Genesis Chain. GS is a token equipped with a mechanism of supplying by Dynamic Deflationary, which calculates the mining output of GS token in real time by multiplying the baseline of exponential decay by the floating coefficient according to model of the actual business demands.
The total number of GS token issued in the previous two years would be 200-300 million.
Payment Token: GC Token
It can be approximately regarded as the "credit" of Genesis Blockchain.
The GC token is an algorithmic stable token applied around the ecology of Genesis Chain, with mechanisms of none external asset pledged, issuance by decentralization, as well as a stability maintenance mechanism of algorithm-driven. GC token is used for consumption and transaction scenarios on and off the chain.
Issuance Mechanism of GC: As what is written in an exclusive smart contract equipped with Genesis Chain naturally:
GS is Pledged to lend GC; GC is return to redeem GS.
Genesis Chain is naturally equipped with an exclusive smart contract, which contains the interest rate model of GC’s lending as GC’s mechanism of self-stabilization. The specific interest rate is determined by the following two aspects:
A.An establishment of an intelligent adjustment model is applied according to the CPI (Consumer Price Index) of blockchain’s ecological;
B.A market-oriented adjustment model is introduced according to the relationship between supplies and the demands.
The exchange rate between GS and GC is determined by the decentralized exchange that is self-equipped by the blockchain.
The exchange rate between GS and GC is determined by the exclusive decentralized exchange that is self-equipped by the blockchain.
ABOUT Genesis：
Web: www.genesischain.io
Twitter: https://twitter.com/GS_Blockchain1
Medium: https://medium.com/@GS_Blockchain
Reddit: https://www.reddit.com/user/Genesis_chain
Telegram: https://t.me/GSBlock_Global
Linkedin: https://www.linkedin.com/in/blockchain-gs-9643a821a/
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