GXChainGXC
$0.388
Market/Exchange
GXC Price Prediction and Price Movement
GXC has been down 8.18 percent over the last three months, and with its small market capitalization, it is very likely that such price movement may continue. However three months is still considered early in the crypto world and it is also likely that GXC's price may bounce back if it has a solid team and has delivered what they promised on their white papers. Therefore traders should be careful and should research thoroughly and see if GXC is backed by a solid development team and whether GXC's technology has any potential to grow.
Please note that this analysis is purely base on GXC's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
GXChain Price Chart
About GXChain
What is GXChain?
GXChain is a fundamental blockchain for the global data economy, designed to build a trusted data internet of value. Benefiting from DPoS based Graphene underlying architecture, GXChain possesses functions including G-ID, GVM, BaaS, and Blockcity, which are convenient for application development. GXChain based DApp-Blockcity has reportedly more than two million verified users and provides data for other DApps and strategic partners. GXChain launched a decentralized data marketplace and serves hundreds of Chinese enterprises. GXChain team independently developed its main net and launched it in June 2017. Based on decentralization, cryptography, and smart token design, GXChain provides a solution for the data economy by developing multiple data modules. Data uploading, storage, computation, and exchange has been gradually realized with many commercialized applications. Currently, GXChain claims to have 2 million verified users in its DApp ecosystem.
Recent Progress
-Continuous iteration of the main chain: GXChain has launched the staking mechanism and updated the voting mechanism from the one-vote multi-vote to one-token one-vote, making each vote of the public chain governance more valuable. -Trust Node ecosystem: Trust Node election has also attracted public Trust Nodes such as Huobi Pool, Binance Pool, NodeEasy, and South Korea's investment company Hillstone.
GXChain staking
One token one vote: The account can vote for no more than three candidate nodes, but each GXC is considered as one vote and can only vote for one node. GXC participating in the voting of public trust nodes will be pledged in their own wallets, and if the assets are transferred out, they will be deemed to be withdrawn. The top 21 nodes with accumulated ticket weights will be automatically elected as public trust nodes.
How can you participate in GXChain staking？
GXC in BlockCity Wallet can vote at public trust nodes through the voting channel of BlockCity.
- Vote on mobile GXChain wallet and PC wallet: GXC in GXChain mobile wallet and PC wallet can vote for trust nodes.
- Exchanges: If the user's GXC is in an exchange wallet and the exchange supports GXChain's public trust node voting, this method can be used to vote.