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What is Genaro Network（GNX）?
The Genaro Network, the creator of the Blockchain 3.0 Ecosystem, is the first Turing-complete public chain that incorporates a decentralized storage network. Genaro's original SPoR (Sentinel Proof of Retrievability) with PoS (Proof of Stake) mixed consensus mechanism aims to create a blockchain platform with a processing speed of tens of thousands of transactions per second, which opens the way for the technological shift to move data from centralized clouds to blockchain with decentralized storage. Genaro offers developers a one-stop combined platform for deploying smart contracts and storing the data needed for DAPPs, while also providing everyone with a more trustworthy Internet and a sharing community.
The Use of GNX Token
The Genaro token’s ticker is “GNX.” The GNX token is the oxygen that powers the brain and heart of the Genaro Network. It is of course used by the storage platform as a way to compensate and pay for leasing space, but GNX is going to be scalable across all of the DAPPs on the Genaro Network, allowing people and organizations to use them in multiple places and creating a parallel economy. Of course, some DAPPs will use their own tokens, and that is fine as well, but we will create convertibility mechanisms to allow GNX to be exchanged for other tokens and vice-versa. Moreover, of course, there will be a way to get GNX to or from fiat currency, but the primary use of GNX should be within the Genaro ecosystem.
Genaro Public Community
Current Circulating Supply 233,709,607.8 ,34.62%
Community Fund 167,540,392.2 ,24.82%
Genaro Ventures - Blockchain 3.0 Ecosystem Building 60,750,000 ,9%
Development Fund 54,000,000 ,8%
Node Reward 33,750,000 ,5%
Bounty Program & Airdrop 20,250,000 ,3%
Genaro Public Community in Total 570,000,000 ,84.44%
Genaro Internal Team
Co-Founders 63,000,000 ,9.33%
Core Members 42,000,000 ,6.22%
Genaro Internal Team Total 105,000,000 ,15.56%
All-in Total 675,000,000 ,100%
For more details please refer to Genaro Network Official Website