GamerCoin

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Discover GamerCoin's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is GamerCoin?

GamerCoin (GHX) is the native utility token of the GamerHash platform, designed to reward gamers for mining cryptocurrencies with their idle computing power. Initially created as an ERC-20 token on the Ethereum blockchain, it has expanded to the Binance Smart Chain as a BEP-20 token, enhancing its accessibility and utility. GHX allows users to make purchases in the GamerHash Store, access exclusive events, and participate in AI computations, fostering a robust community centered around gaming, blockchain, and AI.

How is GamerCoin used?

GamerCoin (GHX) is the native utility token of the GamerHash platform, which allows users to mine cryptocurrencies using their gaming PCs. The token serves several purposes within the ecosystem:

  • Rewarding Users: GHX is used to reward users for contributing their GPU power to the platform. Users can earn GHX tokens by running the GamerHash software on their computers, which utilizes their idle computing power to mine cryptocurrencies.
  • In-Platform Activities: GHX is used for various activities within the GamerHash ecosystem, such as accessing features in the Play & Earn module and potentially providing discounts on marketplace purchases.
  • Purchasing Items: GHX can be used to purchase items from convenience stores, such as food, beverages, and household items, through partnerships like the one with Zabka convenience store chain in Poland.
  • Exclusive Access: Owning GHX tokens grants users exclusive access to dedicated competitions and events.
  • Exchange: GHX can be exchanged for other cryptocurrencies like BAT, TerraUSD, and Graph.

Overall, GamerCoin is designed to provide a seamless and rewarding experience for gamers while leveraging their idle computing power for blockchain mining and other tasks.

How do I store GamerCoin?

To store GamerCoin (GHX) tokens, you have two primary options:

  1. Store in Your KuCoin Account:

    • Holding your GHX in your KuCoin account provides quick access to trading products like spot and futures trading, staking, and lending. KuCoin serves as the custodian of your crypto assets, which means they manage the security of your private keys. Ensure you set up a strong password and upgrade your security settings to prevent unauthorized access to your funds.
  2. Hold in Non-Custodial Wallets:

    • For enhanced security, you can withdraw your GHX to a non-custodial wallet, which grants you complete control over your private keys. You can use various types of wallets, including hardware wallets, Web3 wallets, or paper wallets. This option may be less convenient if you wish to trade your GHX frequently or put your assets to work. Be sure to store your private keys securely, as losing them may result in the permanent loss of your GHX.

How to buy GamerCoin?

To buy GamerCoin (GHX) tokens, follow these steps:

  1. Choose a Crypto Exchange: Select a reliable exchange that supports GHX, such as KuCoin, MEXC, or Gate.io. Ensure the exchange accepts customers from your country and offers the trading features you need.

  2. Create an Account: Register a free account on the chosen exchange, providing necessary personal information. Complete KYC (Know Your Customer) verification if required to increase withdrawal limits and unlock additional features.

  3. Deposit Funds: Deposit funds into your account using a credit or debit card, or transfer existing cryptocurrencies. You can also buy stablecoins like USDT and then use them to purchase GHX.

  1. Place a Buy Order: Decide whether to use a Market Order or a Limit Order. Market Orders execute quickly at the best available price, while Limit Orders specify a maximum price to buy at.

  2. Store Your GHX: Once purchased, store your GHX tokens in your exchange wallet or transfer them to a personal wallet for added security.

  3. Monitor Your Investment: Keep track of your GHX investment performance and adjust your strategy as needed.

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History of GamerCoin

GamerCoin (GHX) is the native token of the GamerHash platform, which was founded in 2017. Initially, the platform focused on crypto mining, allowing gamers to earn money using their PCs. Over time, GamerHash expanded its services to include providing GPU power for artificial intelligence, 3D renderings, LLM models, and data analysis, positioning itself as a B2C computing power provider in a market with a significant GPU shortage.

GamerCoin was introduced as a key component of the GamerHash ecosystem, enabling users to receive tokens while mining crypto or participating in the Play&Earn module. The token is based on both Ethereum and Binance Coin blockchains and is listed on several exchanges with multiple active markets.

GamerHash has gained recognition, winning top blockchain awards in Malta, Singapore, and Miami, and has partnered with prominent projects such as Chainlink, AEternity, Coinfirm, Coindeal, and Blockchain Game Alliance. The platform has already attracted over 500,000 gamers worldwide, demonstrating its growing presence in the gaming and blockchain communities.

Throughout its history, GamerCoin has experienced significant price fluctuations, reaching an all-time high of $0.7963 in May 2021. Despite these changes, the token remains an important part of the GamerHash ecosystem, facilitating transactions and driving the platform's growth.

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How GamerCoin works

GamerCoin (GHX) is a cryptocurrency token that operates within the GamerHash ecosystem. It is primarily used as a reward for gamers who utilize their idle computing power to mine cryptocurrencies. Here's how it works:

Mining and Rewards

The GamerHash platform allows users to share their excess computing power from their gaming PCs. The system matches the most optimal cryptocurrency to mine based on the user's hardware configuration and automatically converts the mined altcoins into Bitcoin. The funds are then transferred to users daily.

Token Usage

GamerCoin (GHX) is the native utility token of the GamerHash platform. It serves as a reward for users who contribute their computing power to the system. GHX tokens can be used to purchase products from the GamerHash Store, which includes a wide range of items such as games and gift cards.

Security

The GamerHash platform is secured using Docker Engine and Linux namespaces for isolation and resource control. Additionally, it employs Cloudflare technology to protect against bots, brute force, and DDoS attacks. The system also uses custom proxy solutions and protocols to drop unsecure connections, ensuring a high level of security.

Token Details

GamerCoin (GHX) has a circulating supply of 329,542,854 tokens and a maximum supply of 880,000,000 tokens. It is available on several exchanges and can be purchased through various trading platforms.

Additional Utilities

GamerCoin has expanded its utility beyond mining rewards. It is now used in the GamerHash AI initiative, where users can earn GHX by utilizing their GPU power for AI computations. This integration aims to foster a relationship between the gaming community and AI development partners.

Community Engagement

GamerHash has a large community of over 770,000 users and offers various earning opportunities, including mining, Play&Earn, and bonuses. The platform also includes a dual-reward system, where users accumulate both GHX and GamerHash Experience Points (GHXP), enhancing their standing within the ecosystem and opening doors to additional rewards and opportunities.

Accessibility

GamerCoin is available on multiple blockchains, including Ethereum as an ERC-20 token and Binance Smart Chain as a BEP-20 token. This broadens its accessibility and utility across different platforms.

Overall, GamerCoin (GHX) is a token that incentivizes users to contribute their computing power to the GamerHash ecosystem, providing a unique way for gamers to earn rewards and engage with AI development partners.

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GamerCoin's strengths

The token GamerCoin (GHX) has several strengths that contribute to its potential success in the cryptocurrency market:

  1. Reward Token and Medium of Exchange: GHX serves as both a reward token and a medium of exchange within the gaming platform, fostering a symbiotic relationship between gamers and the ecosystem.

  2. Utility and Accessibility: Initially created as an ERC-20 token on the Ethereum blockchain, GHX has expanded its accessibility by bridging to the Binance Smart Chain as a BEP-20 token, broadening its utility and reach.

  3. Regulatory Compliance: The whitepaper of GHX is registered with the Maltese Financial Services Authority (MFSA), ensuring a level of regulatory compliance and transparency.

  1. Community Engagement: The platform has a large user base of over 770,000 users, which can drive engagement and adoption of the token.

  2. Diverse Earning Opportunities: Users can earn GHX through various means, including mining, Play&Earn, and bonuses, providing multiple avenues for token acquisition.

  3. Integration with AI: GHX is being integrated into the AI market through the GamerHash AI initiative, expanding its use cases and potential applications.

These strengths position GHX as a versatile and accessible token with a strong community backing, which can contribute to its long-term success.

GamerCoin's risks

GamerCoin (GHX) is considered a high-risk investment due to its significant volatility. The token's risk score has fluctuated over time, with InvestorsObserver rating it as moderate risk in January 2024 and high risk in March 2024. This volatility is a major financial risk, as it can lead to substantial losses for investors. Additionally, the cryptocurrency market is known for its unpredictability, making it essential for investors to have a high tolerance for risk and a strong financial position before investing in GHX.

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Did GamerCoin raise funds?

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GamerCoin’s team

  • Patryk Pusch: CEO & Founder, serial founder of gaming, affiliative, and VR projects, involved in cryptocurrencies since 2013.
  • Artur Pszczółkowski: CMO & Co-Founder, international and corporate background, experience in global online activities, and expertise in blockchain.
  • Mateusz Muniak: In-house Lawyer, ensures legal compliance, drafts contracts, and handles KYC/AML matters.
  • Marta: Office Manager, handles office management, collaborates with the accounting firm, and oversees financial matters.
  • David: Video Producer & Partnerships, handles end-to-end video production and fosters partnerships.
  • Piotr: Graphic Designer, creates visuals for GamerHash & GamerCoin.
  • Michał: Community Manager, manages user communication and oversees Telegram channels.
  • Dawid: NFT & Metaverse Manager, handles partner relationships and manages the metaverse wallet.
  • Adam I.: Fullstack PHP Developer, specializes in programming for gamerhash.com and gamercoin.com.
  • Tomasz: Product Owner, oversees the whole GamerHash ecosystem and facilitates cross-functional communication.
  • Adam P.: Fullstack PHP Developer, contributes to all GamerHash projects, focusing on backend and frontend development.
  • Patryk: Fullstack PHP Developer, specializes in programming for gamerhash.com and gamercoin.com.
  • Dawid: Flutter, C# Developer, specializes in mobile and desktop application programming.
  • Paweł: System Administrator, manages application servers, databases, and server infrastructure.
  • Marcin: Senior QA Tester, leads test processes and ensures software quality.
  • Jakub: IT Specialist, manages tools and applications access and provides office infrastructure support.
  • Łukasz: Affiliate Manager, manages tasks, traffic, leads, and settlements in Play&Earn.

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