Golden
GXChain

GXChain

GXChain is a blockchain-based data exchange platform.

GXChain is a blockchain-based online marketplace for file storage and personal data that launched in September 2017. The platform validates the real identity of its users and allows them to securely store and a manage their data. GXChain uses a Delegated Proof-of-Stake (DPoS) consensus mechanism and uses their own native cryptocurrency called GXC to power their data marketplace.





GXChain provides its users with a unique general identity (G-ID) which functions as a method of letting users interact with various blockchain-based decentralized applications while maintaining ownership of their data. Users authorize what data they want GXChain to store for them. User data is asymmetrically encrypted and stored on the GXChain sidechain because GXChain does not cache any user data. All data-key information is stored at the local level and cannot be accessed by other users on the GXChain network. 

Governance

The on-chain governance of GXChain has three utilities which include on-chain proposals, on-chain voting, and TrustNode maintenance. On-chain proposals consume GXC and are made by GXChain committee members. For committee members to approve a proposal they are required to use GXC as a payment. On-Chain voting uses GXC as a ballot for the election of TrustNodes and policy committee members. TrustNode maintenance requires the consumption of GXC when they are changing or created. For off-chain governance GXChain offers developers and general GXChain users GXC as a reward for participating in GXChain community development. 

GXC Distribution



The following table describes how GXC is distributed: 

Ratio (%)
Distribution
Details

4

TrustNode rewards

Used to incentivize TrustNodes

5

Blockcity mining pool

Used to incentive the use of the Blockcity decentralized application for users to authorize and validate their data

6

Marketing

Used for community operation, global press releases, and broadcasts

10

Early investors

Distributed to Early investors in GXChain

10

GXChain ecosystem

Used for the development and construction of the GXChain data ecosystem (community growth, Hackathons, competitions, conferences)

10

Operations

Used for daily operations, partial employee salary, and accounting fees.

21

Founding developers

Distributed as a bonus for the founding developers of GXChain

24.51

Token sale

Held in March 2017 and distributed to public investors



Timeline

People

Name
Role
LinkedIn

Cheng Wang

Co-Founder and CTO



Diwu Ye

Server Development Engineer



Dongming Shen

Server Development Engineer



Jessie Fan

COO



Jun Yao

Server Development Engineer



Junjie Zhang

Blockchain Development Engineer



Lei Xu

Blockchain Development Engineer



Liyu Wu

Product Manager



MQ Huang

C0-Founder and CEO



Shuang Guo

North America Community Manager



Further reading

Title
Author
Link
Type
Date

China Government Takes Sudden Interest In GXChain | Crypto Briefing

Andrew Ancheta

Web



What is GXChain - An Ultimate Guide on GXS crypto

Coinswitch

Web



What Is GXChain?

WeUseCoins

Web



WhitePaper A Trusted Data Internet of Value

GXChain

Academic



Documentaries, videos and podcasts

Title
Date
Link





Companies

Company
CEO
Location
Products/Services









References