Genaro Network (GNX)

What is Genaro Network (GNX)? Genaro Network (GNX) is a cryptocurrency built on the Ethereum blockchain. It is a public blockchain ecosystem which focuses on storage solutions, application development and smart contracts. Developed by the Singapore based company, Genaro Network Pte Ltd in 2017, the token was listed on cryptocurrency exchanges later that year. Who Founded It? Genaro Network Pte. Ltd. is the parent company that developed the coin. Founded in 2017 by a group of professionals with a focus on blockchain, IoT, and cloud storage solutions, the company is headed by CEO Larry Liu, who also serves as the company’s chairman. What Makes It Unique? The special feature of Genaro Network (GNX) is that it is the first open blockchain 3.0 ecosystem that allows both public and private applications, along with file storage solutions based on the Ethereum blockchain. It also provides a hybrid consensus mechanism for improved scalability. Where Does It Used? Genaro Network tokens are used to pay for storage space and to develop and run smart contracts and decentralized applications (dApps) on the platform. The GNX token also plays an important role in encouraging the use of the platform and providing incentives for developers and miners. There is an opportunity to earn rewards from staking GNX in the platform’s Genesis Fund. Where To Buy/Sell It? You can buy and sell GNX on leading crypto exchanges and OTC platforms. Currently, Binance, IDAX, BIGONE, OKEx, and Huobi are platforms where you can trade GNX. You can also store your GNX coins in wallet applications such as Atomic, Trust, Binance Chain, Freewallet, and MyEtherWallet. Conclusion Genaro Network (GNX) is a unique cryptocurrency and a platform which aims to bring together storage solutions, application development and smart contracts on a single open-source blockchain. It is an innovative blockchain 3.0 ecosystem that allows for better scalability, data security, and privacy. GNX can be traded on several leading exchanges, and wallet applications may be used to store the coins.