What Is G999 (G999)?
G999 (G999) is a peer-to-peer electronic currency system that aims to create a global financial instrument that is decentralized with fast payments. The system also seeks to offer micro fees, advanced communication, simplified smart contracts, and high transaction capacity.Smart contracts are just like regular contracts; however, instead of being drafted on paper, these contracts run in the form of protocols on blockchain.
According to the whitepaper, one of the main demands in the modern world is the demand for stability and reliability. There were growing concerns about the state of the global economy and the opportunities that modern technologies open for people. This gave birth to the idea of creating a new class of assets. Realizing this idea, the G999 team made an asset class based on blockchain technology.
With its own blockchain technology, G999 seeks to create a fully functioning payment and communications ecosystem for the secure circulation of information and coins. The blockchain is based on masternodes, nodes that store a copy of the entire blockchain and conduct transactions. These nodes also perform vital tasks to ensure the accurate operation of the network. Masternodes also assist in maintaining a sufficient number of servers and network security in the G999 network. To recognize the work done by masternodes operators, they are rewarded for keeping the payment network running.
Another goal of G999 is to create a digital asset class that would provide financial circulation in the blockchain network. G999 coins are the basis of the internal economy of the project and a tool for the community members. G999 coins are a liquidity-based cryptocurrency. Liquidity refers to the ease with which an asset, or security, converts into currency without affecting its market price. The coin yearns to provide an opportunity to holders for stable passive income. The G999 coin is deflationary in nature, and it reduces in supply over time. G999 coin also seeks to provide users with the ability to create their own masternodes, make instant payment settlements, and receive staking income.
History of G999
Team G999 includes Mr. Josip Heit, chairman of the board, Mr. Alexandru Cocindau, the CTO, Ms. Irina Braha, chief of customer support, and Mr. Claudiu Sandu, support manager. The platform's roadmap includes the blockchain development and coin defining in Q4 of 2018 and the blockchain launch in Q3, 2020, followed by the G999 platform launch in Q4, 2020.
