What Is GXChain (GXC)?
GXC was the native token of GXChain, which is a blockchain-based operating data network launched in 2017. It essentially allows organizations and government entities to exchange data peer-to-peer (P2P) while maintaining high levels of security and cost efficiency. Overall, the main aim of GXChain is to build a data internet of value.
If you want to see the GXC price, take a look at the GXChain price chart above.
From GXChain to the REI Network
In August 2020, the developers of the GXChain crypto project started designing the GXChain 2.0 upgrade. However, they decided that, since the upgrade was massive, the whole network had to be rebranded. Thus, they changed the name of the project to the REI Network.
The term "REI" is formed from the first three letters of the words "rapid," "economic," and "innovative," which are the three key characteristics of the REI Network. In addition to that, it stands for free and economical. The GXChain crypto project launched a comprehensive renovation proposal in December 2021. The proposal was approved at block height 46630793, which resulted in the official GXChain rebrand to the REI Network.
The new version of GHChain (the REI Network) is an EVM-compatible public chain that fully supports the development of various types of on-chain decentralized applications (dApps). The REI Network presents a new economic model through token splitting, creates an ecosystem fund, and implements additional governance tools. In a nutshell, the mainnet of the REI Network includes new governance, consensus, tokenomics, and ecosystem.
GXChain Token Conversion to REI
Before the rebrand, the native token of GXChain was GXC. It was used for paying transaction fees, staking, voting for proposals, and so on. However, after the REI Network mainnet was launched, the GXC tokens were converted to REI tokens at a 1:10 split proportion. Thus, since the max supply of GXChain coins was 100 million, the max supply of REI stands at 1 billion. 750 million REI tokens out of 1 billion were released in circulation, while the remaining portion was split between developers, marketing funds, and node rewards.
It's interesting to note that this was not the first time GXChain tokens have undergone a rebranding. When GXChain was launched, its native token went by the name GXS. However, in 2018, it changed its name to GXC. Though aside from the change in the ticker, no other modifications occurred, since the tokens were swapped at a 1:1 ratio.
Besides, if you're curious to see how the GXC price varied throughout the rebrandings, take a look at the GXChain price chart featured above.
These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.
Followers
129.76K
Followers: 129,768
0.36%
Following
612
0.00%
Posts count
3,169
0.19%
These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.
Subscribers
26.85K
Subscribers: 26,851
0.01%
Subreddit type
restricted
Moderators
2
0.00%
These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.
Members
24.24K
Members: 24,242
3.37%
Title
REI Network (GXChain) Official-International
These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.
Website Rating (DR)
48 / 100
0.00%
Ahrefs Rank
831,436
1.77%
Organic Traffic (mo.)
0
These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.
Public repos
66
Type
Organization
These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.
Stars
-
Watchers
-
Forks
-
Language
-
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r/gxs hot topics
@GXChainGlobal posts