These figures should yield you some insight into the current market structure, whereas our in-depth price forecast is based on the showings of CVIX. The data marketplace is an alternative to traditional data transactions, including the trading of data through third-parties and underground data transaction without precipitating data. A decentralized data marketplace has many advantages, including uncached data, privacy protection, fraud prevention and bilateral anonymity support. Current real-life applications for this type of data marketplace include industries like fintech, loans, P2P lending, governments, insurance companies, healthcare and logistics. GXChain’s marketplace commercialized in September and has since brought in over $7 million in revenue. Price volatility has long been one of the features of the cryptocurrency market.

  1. Instead it appears to be in support of users and the decentralized marketplace.
  2. GSX has a unique mechanism to increase its value due to the company’s investment in infrastructure, gold-rich land, and precious metals.
  3. GXChain launched a decentralized data marketplace which reportedly serves hundreds of Chinese enterprises.
  4. GXS can be stored on a number of online wallets that support various desktop, online and mobile applications, including a Windows, MAC, Linux, Android, IoS and Github.
  5. It quickly fell once more and traded between $1 and $2 until the November through January bull market in cryptocurrencies.
  6. Taking that formula into account, we have calculated the current market capitalization of GXChain to be at $0, which justifies its place as the 195th coin among those present on the cryptocurrency market.

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 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 exchange, which has nearly 90% of the trading volume in GXS.

Today’s Cryptocurrency Prices, Charts and Data

Judging from the market capitalization numbers provided above, GXChain is a small-cap cryptocurrency and belongs to a high-risk category. But the decision regarding whether or not to have gxs crypto price GXChain in your portfolio should depend on your investment goals and risk tolerance. As a company and team, we are very aware that not all coins and projects have good intentions.

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.

Blockcity – Customer Component

But with it comes the necessity to closely follow the developments on the said market in order to comprehend the current situation and have some sense of the future. This GXChain price prediction model was created for the purpose of helping the reader to navigate through the rapidly-evolving crypto space, find the best coins or tokens to invest in, and keep the equity curve growing. But before delving into the all-around GXChain analysis and price prediction, we would like to remind you of the essential rules of cryptocurrency trading and investment. GXChain solves these pain points by obtaining user consent before collecting and storing user data on a blockchain. Access to user data on the blockchain is managed by a private key, securely generated and given to users, allowing them full control over their data. GXChain secures data with G-ID, an ID verification system to prevent tampering of data from other users.

GXS Price

In contrast to the usual Proof of State model, where miners put of a stake in a cryptocurrency to validate transactions, GXChain offers delegate proof of state (DPoS). This model requires coin holders to vote for “delegates” (or witnesses) who are responsible for validating transactions and maintaining the blockchain. Witnesses are rewarded for generating blocks which are then added to the blockchain. Once a user spends GXShares on a specific feature, service, or application on GXChain, the utility tokens will be burnt, reducing the amount of GXS in circulation over time. With the proliferation of data on the internet, there are many pain points for individuals.

While we cannot guarantee to exclude them all, we have a vetting process that each coin goes through before it is listed on the site. If we suspect that a coin or project is a scam, it does not get listed. We calculate the total cryptocurrency market capitalization as the sum of all cryptocurrencies listed on the site.

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.

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.

Since it is open source, it is possible for other people to use the majority of the code, make a few changes and then launch their own separate currency. Some of these coins are very similar to Bitcoin, with just one or two amended features (such as Litecoin), while others are very different, with varying models of security, issuance and governance. However, they all share the same moniker — every coin issued after Bitcoin is considered to be an altcoin. The global crypto market cap is $1.67T, a 2.41% increase over the last day.

With a strong emphasis on user privacy there is no caching of user data. Blockcity already has a population of more than 2 million verified users. The GXChain hopes to solve these problems by first getting user consent to collect and store personal data, and then putting that data on an indelible blockchain. The GXChain team is calling this Blockcity, and I’ll discuss it in more depth later in this article.

We calculate our valuations based on the total circulating supply of an asset multiplied by the currency reference price. We receive updated cryptocurrency prices directly from many exchanges based on their pairs. Each of our coin data pages has a graph that shows both the current and historic price information for the coin or token. Normally, the graph starts at the launch of the asset, but it is possible to select specific to and from dates to customize the chart to your own needs.