GenaroNetwork, combined with decentralized storage and the public chain's dual-bottom intelligent data ecology, creates an original SPoR (Sentinel Proof of Retrievability) + PoS (Proof of Stake) low-energy sustainable hybrid consensus mechanism, which improves performance while ensuring security. Genaro is committed to building a distributed shared cloud, providing developers with a one-stop development platform, which can deploy smart contracts and store data required by DApp at the same time, and provide everyone with a trusted Internet, connecting the real world and blocks through data chain world.

1. Project background

Genaro's conceptual blockchain 3.0 model was publicly unveiled in November 2016 at the Shanghai Fintech Forum, a Chinese business event, where co-founder Larry Liu shared Basic framework. Afterwards, Genaro received seed funding from the world's top blockchain supporters BlockAsset and ChainBase, and has so far attracted thousands of supporters from around the world. In order to develop its community and products faster, Genaro decided to launch the Genaro Support Program in October 2017, suppliers can donate ETH/BTC and get GNX in return. For future strategies, Genaro is building "Genaro Hub" and "Genaro Accelerator" to nurture and support more than 100 decentralized applications based on Genaro Network.

2. GNX application scenarios

GNX belongs to Utility Token. In the entire Genaro ecosystem, GNX is the core:
Developers use GNX to deploy smart contracts based on Genaro Network (simulating Gas of Ethereum)
Everyone You can share your own idle hard drives and computing resources to form Genaro Eden's storage network to get GNX rewards
Every individual and business can use Genaro Eden's decentralized storage network to store and analyze data
Based on The DAPP of Genaro Network can use GNX as its own token. If DAPP issues its own token based on Genaro Network, GNX can be converted with one click
Cooperate with payment channels, for example, Genaro Network will be able to use GNX through Pundi X Put it in "offline stores around the world and sell it directly to ordinary consumers
At the same time, GNX has been verified as a Utility Token by the famous law firm Dentons, and it is sold under the premise of compliance with laws and regulations.

Related Links:

https://www.sohu.com/a/214104552_675752
https://genaro.network/en/home.html#footer-banner