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GXS develops a public blockchain that provides decentralized data switching solutions - GXchain, based on which it develops a first decentralized data exchange in the world. GXS data exchange has some characteristics, such as not caching data, protecting privacy, protecting data copyright, efficiently restraining counterfeiting and supporting two-way anonymous transactions. Besides, GXS, which was commercialized on September 24 2017, can be applied to data exchange in any industry.
At present, typical customers of GXS are enterprises engaging in network loan, automobile finance, consumer finance and banks in internet finance. Furthermore, GXS can offer data exchange solutions to government departments and important industries related to people’s livelihood that need data exchange, such as insurance, medical care and logistics.
GXSshares(GXS) is a cryptocurrency issued by GXS on GXchain, which not only possesses circulation value, but also is a encrypted cryptocurrency based on GXchain applications. Its applying value can be mainly reflected in the following aspects:
1. Users need pay GXS when they develop and verify application and use chain service (like transaction fee for transferring on chain) on GXchain. It is the only token that is used as a chain application.
2. With the increase of clients and data source of GXS, the number of transactions in data exchange raises, which enables GXS to gain more commissions. The team will repurchase GXS at the price of secondary market at that time with 10% of the commission and destroy them.
3. It can serve as a ballot when people elect witness.
4. More functions to be expected.
Official website: https://gxs.gxb.io