GXShares（GXS）

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What is GXShares(GXS)?

GXShares(GXS) is a blockchain-based decentralized data exchange designed to set up a bridge between data sources released on different platforms and realize peer-to-peer data trading and sharing between all kinds of organizations or agencies.

An ideal data exchange shall enable both parties to a transaction store, transfer and exchange data with minimum risks and costs. We have redefined a new product named GXB, which is built upon the idea of decentralization and blockchain technology, to bring about the ideal data exchange. In the first place, GXB Data Exchange breaks the deadlock to get rid of data precipitation existing in traditional data exchanges. No any third party other than the transacting parties are able to access the data. In the meantime, in order to safeguard the identity privacy, both parties are kept anonymous by GXB. In addition, GXB enables the equal exchange between enterprises with a wide gap in their data volume, facilitates authentication of digital assets ownership and effectively curbs data fabrication in data exchange.

GXB Data Exchange, a universal data exchange platform and an alliance chain based on the blockchain (public chain) technology, is applicable to data exchange in all walks of life. Its typical customers range from internet financial enterprises to government organizations, banks and insurance companies with data exchange demands (“Merchants”). In order to better demonstrate its applications and more promptly access to the market, we first opt to set P2P lending, automobile finance, consumer finance and banks as the target group and the data generated by these organizations and agencies on performance of financial agreements as the prime assets for data exchange.

The Use of GXS Token 

The proposed GXShares to be issued is 100 million (100,000,000), and it will use the 10% of GXB Data Exchange commission income to repurchase GXS tokens that on the secondary market then transfer them to a specific account for destroying. The repurchase period is every three months in the first year, every two months in the second year and every month in the third year. The total amount of GXS will not be increased, the repurchase will continue to reduce the circulation.

GXS Distribution

Total volume of GXShares: 100,000,000 Shares

Total volume of private equity: 10% (10,000,000 shares) – issued to the first private equity investors (private placement was completed on December 12, 2016, which raised 500 BTCs from 250 investors in total, each limited to maximum 2 BTCS.)

Total volume for ICO: 39% (39,000,000 shares) - issued to the investors during the ICO.

Shares held by GXB Foundation: 51% (51,000,000 shares) is held by the foundation as restricted shares and shall be circulated by year; maximally 6% in the first year and shall be used for marketing programs (consultant appointment, talent recruiting, community construction, ICO referee incentive and ICO propaganda and promotions etc.); maximally 5% for every year after that. The GXCoins account held by the foundation shall be made known to the public and the plans and purposes for the use of funds shall be announced on its official website and open to social supervision.

For more details please refer to GXShares Official Website

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