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Market

Market stats

Market cap

$554,019.63

Volume (24h)

$50,106.80

Circulating supply

650.0M GNX

All time high

$1.29

Price change (1h)

+0.87%

Price change (24h)

+0.97%

Price change (7d)

+3.11%

About Genaro Network

What isGenaro Network (GNX)?

Genaro Network (GNX) is a two-tier smart data ecosystem that integrates a public blockchain with decentralized storage. Genaro aims to combine SPoR (Sentinel Proof of Retrievability) with PoS (Proof of Stake) to form a new consensus mechanism. The new mechanism ensures more robust performance, better security, and more sustainable blockchain infrastructure. On the GNX platform, users can use a combination of PoS and SpoR, which enhances the ability to protect against replay attacks.

Running on the blockchain, the platform envisions establishing a new encrypted and distributed storage source. It lets every user share data and establish abundant Dapps and blockchain while providing stable support. The platform aims to provide the developers with a platform to deploy smart contracts and store the information needed by Dapps. Besides, GNX also intends to pave the way for the next generation of blockchain apps and make decentralized applications as applicable as internet applications.

According to its whitepaper, the platform aims to analyze different attacks on PoS and propose relevant schemes to design the chain-style PoS. For better management structure, the platform combines proof of data integrity with PoS to provide efficient defense against major issues in PoS. The platform further seeks to develop the GSIOP protocol that aims to settle different data usage layers due to up-to-date storage encryption methods.

GNX is the platform's official cryptocurrency, which is an ERC-20 token. To improve the liquidity of GNX, the token is utilized in several valuable collaborations. The token aims to provide utility for community construction and development, promote the development of public chain applications, research and development of self-built applications, public-chain related tools, and accept future strategic investments. GNX also serves as a utility token to incentivize and encourage talented people to join the Genaro team as full-time members, part-time members, business consultants, academic consultants, legal counsel, financial, business development, and marketing consultants. 

History of Genaro Network (GNX)

The conceptualization of the Genaro Network was done in 2016. The Epilson Plan of Genaro Network marked the completion of the global round of the token sale in 2017. The Romulus plan of 2017 debuted the first peer-to-peer storage Dapp of its kind in Asia.

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Coinbase Bytes

Coinbase Bytes

The week’s biggest crypto news, sent right to your inbox

Genaro Network is on the rise this week.

The price of Genaro Network has risen by 3.11% in the past 7 days. The price increased by 0.97% in the last 24 hours. In just the past hour, the price grew by 0.87%. The current price is $0.000852 per GNX. Genaro Network is 99.93% below the all time high of $1.29.

The current circulating supply is 650,000,000 GNX.

FAQ

What is the current price of Genaro Network?

We update our Genaro Network to USD currency in real-time. Get the live price of Genaro Network on Coinbase.

What is the market cap of Genaro Network?

The current market cap of Genaro Network is $554.02K. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Genaro Network?

The all-time high of Genaro Network is $1.29. This all-time high is highest price paid for Genaro Network since it was launched.

What is the 24 hour trading volume of Genaro Network?

Over the last 24 hours, the trading volume of Genaro Network is $50.11K.

What other assets are similar to Genaro Network?

Assets that have a similar market cap to Genaro Network include SmileyCoin, AcknoLedger, Loser Coin, and many others. To see a full list, see our comparable market cap assets.

How many Genaro Network are there?

The current circulating supply of Genaro Network is 650 million.

Can I buy Genaro Network on Coinbase?

Yes, Genaro Network is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy Genaro Network guide.

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