Geeq

price
change

Discover Geeq'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 Geeq?

Geeq (GEEQ) is a multi-blockchain platform secured by the Proof of Honesty (PoH) protocol, which ensures secure, inexpensive, and scalable transactions. It provides provable authenticity and durability for data, making it suitable for various use cases such as IoT, enterprise, and regulatory applications.

How is Geeq used?

Geeq (GEEQ) is a multi-blockchain platform that utilizes its Proof of Honesty protocol to provide a secure, scalable, and customizable infrastructure for various applications. Here are some key use cases for Geeq:

  1. Digital Payments: Geeq Pay is a blockchain-based payments technology that allows for digital payments at radically low costs. It is designed to support both large and small transactions.

  2. Supply Chain Management: Geeq provides a highly secure way to automate supply chain transactions, leveraging its support for smart sensors and IoT devices. This helps streamline the management of complex supply chains involving multiple stakeholders.

  3. Smart Manufacturing: Geeq is ideal for the continuous monitoring and logging of IoT devices in smart manufacturing facilities, ensuring compliance and maintaining a secure, auditable record of device telemetry.

  1. Data Integrity: Geeq offers unrivaled security, ensuring that users can always find and prove the authenticity of their data, which is essential for audits, compliance, and credibility.

  2. Micropayments: Geeq's ultra-low fees make it suitable for micropayments, allowing users to pay small amounts for specific services or content, such as reading an article.

  3. Remittances: Geeq can be used to build a secure payments network with lower transaction fees, reducing the costs associated with international money transfers.

These use cases highlight Geeq's versatility and potential to transform various industries by providing a secure, efficient, and cost-effective blockchain infrastructure.

How do I store Geeq?

To store Geeq (GEEQ) tokens, you have two primary options: holding them in your KuCoin account or using non-custodial wallets.

Storing Geeq in Your KuCoin Account

Holding your Geeq tokens 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 you do not need to manage your private keys. Ensure you set up a strong password and upgrade your security settings to prevent unauthorized access to your funds.

Holding Geeq in Non-Custodial Wallets

For enhanced security, you can withdraw your Geeq tokens to a non-custodial wallet. This grants you complete control over your private keys. You can use various types of wallets, including hardware wallets, Web3 wallets, or paper wallets. Be sure to store your private keys securely, as losing them may result in the permanent loss of your Geeq tokens.

How to buy Geeq?

To buy Geeq (GEEQ) tokens, you can follow these steps:

  1. Choose a Reliable Exchange: Find a trusted centralized exchange that supports Geeq (GEEQ) trading. Popular options include Binance, KuCoin, and AscendEX.

  2. Create an Account: Sign up for an account on the chosen exchange. This typically involves providing your email address, mobile phone number, and country of residence, as well as creating a strong password to secure your account.

  3. Secure Your Account: Enable additional security measures such as Google 2FA, anti-phishing codes, and trading passwords to protect your account from unauthorized access.

  1. Verify Your Identity: Complete the verification process by providing personal information and uploading a valid Photo ID. This step is crucial for adding payment methods and ensuring compliance with regulatory requirements.

  2. Add a Payment Method: Add a credit/debit card or bank account to your verified exchange account. This will allow you to purchase Geeq (GEEQ) using fiat currency.

  3. Buy Geeq (GEEQ): Use your added payment method to buy Geeq (GEEQ) on the exchange. You can choose from various order types, such as market orders or limit orders, depending on your trading preferences.

  1. Store Your Geeq (GEEQ): Once you have purchased Geeq (GEEQ), ensure it is safely stored in your exchange wallet or transfer it to a personal wallet for long-term holding.

These steps provide a straightforward way to buy Geeq (GEEQ) tokens on a reliable exchange.

Discover
Geeq
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

History of Geeq

The history of Geeq (GEEQ) began in 2017 when co-founders John P. Conley and Ric Asselstine started discussing the state of blockchain technology. At the time, John was on sabbatical at Microsoft Research, and Ric was the CEO of Terepac Corporation, a company focused on advanced electronics miniaturization techniques and the Internet of Things (IoT). They recognized that existing blockchain efforts were not highly decentralized and therefore not secure enough for widespread adoption by businesses.

Their research agenda, known as The Geeq Project, aimed to redefine and deploy blockchain technology in a more secure and useful way. This led to the formation of Geeq Corporation, which has been building its technology from the ground up. The company's goal is to create a blockchain platform that is secure, inexpensive, and scalable, with a focus on meeting the needs of its users and promoting a culture of honesty and accountability.

Geeq has secured several patents for its blockchain methods, nodes, systems, and products, including a patent granted in 2022 for "Blockchain Methods, Nodes, Systems And Products." The company has also registered several trademarks, including Geeq, GeeqChain, Geeqosystem, Strategically Provable Security, and others.

Today, Geeq is a multi-blockchain platform secured by its Proof of Honesty (PoH) protocol, which is designed to be highly secure, inexpensive, and flexible enough for various use cases. The platform supports a wide range of applications, including supply chain management, smart manufacturing, data integrity, micropayments, and remittances. Geeq's token, GEEQ, is a purely transactional cryptocurrency used to pay for validation services and stake tokens.

Discover
Geeq
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

How Geeq works

Geeq (GEEQ) is a cryptocurrency that operates on the GeeqChain, a decentralized blockchain platform designed to solve the problems of security, scalability, and cost associated with traditional blockchain systems. Here's an overview of how it works:

Security

GeeqChain uses a unique consensus protocol called Proof of Honesty (PoH), which ensures that the network is secure and resistant to attacks. PoH is not vulnerable to centralized mining pools, wealthy stakeholders, or hostile state actors, and it does not rely on an honest majority of validators or miners. Instead, security is moved to the edge, allowing users to protect themselves without depending on centralized networks of validators. This approach provides 99% Byzantine Fault Tolerance (BFT), making it more secure than traditional Proof of Work (PoW) or Proof of Stake (PoS) protocols.

Scalability

GeeqChain is designed to be highly scalable, allowing for unlimited transactions per second (TPS) by creating a network of independent but interoperable blockchains. Each instance of GeeqChain, called a geeqchain, has its own separate, flexible, and customizable application and validation layers. This architecture enables the creation of local area blockchains on an ad hoc basis for specific use cases, ensuring that each instance can handle high volumes of transactions without compromising performance.

Cost

Transactions on GeeqChain are extremely low-cost, with fees of less than $0.0001 (1/100th of a cent). This makes it suitable for micropayments and IoT applications where high volumes of transactions are required. For example, IoT devices can create hourly records on GeeqChain for less than $0.90 per year, and minutely records for less than $50 per year.

Proofs and Validation

Geeq's protocol efficiently calculates proofs of inclusion for each transaction entered in a block, distinguishing between valid and invalid transactions. These proofs are durable and can be stored locally on customers' hardware, even for large volumes of transactions. This approach eliminates the need for smart contracts, reducing complexity and ensuring that the validation layer is secure and reliable.

Applications and Use Cases

GeeqChain supports a wide range of applications, including IoT, disintermediation, FinTech, transparency, and distributed business processes. It allows for the creation of bespoke decentralized networks tailored to specific needs, making it suitable for various industries and use cases.

Token and Storage

The GEEQ token is the native cryptocurrency of the Geeq ecosystem. It can be stored in various ways, including in a KuCoin account or in non-custodial wallets such as hardware wallets, Web3 wallets, or paper wallets. Users can trade GEEQ on the KuCoin spot market, stake or lend it, and use it for various applications within the Geeq ecosystem.

Overall, Geeq (GEEQ) is designed to provide a secure, scalable, and cost-effective blockchain platform that can support a wide range of applications and use cases, making it a promising cryptocurrency for investors and users alike.

Discover
Geeq
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Geeq's strengths

The token Geeq (GEEQ) has several strengths:

  1. Security: Geeq's Proof of Honesty (PoH) consensus protocol offers high Byzantine Fault Tolerance (BFT) of 99%, making it resistant to attacks and ensuring the integrity of transactions.

  2. Scalability: Geeq is designed as a multi-blockchain platform, allowing for unlimited scalability and the creation of independent but interoperable blockchains. This enables high transaction volumes without compromising performance.

  3. Decentralization: Geeq operates on a decentralized, edge-based security model, where each blockchain instance has its own network of validators. This eliminates the need for a central authority or main chain, promoting a more democratic and secure environment.

  1. Low Transaction Costs: Transactions on Geeq are extremely cost-effective, with fees of less than $0.0001. This makes it suitable for micropayments and IoT applications where high volumes of low-value transactions are required.

  2. Flexibility: Geeq's platform supports private, public, and hybrid configurations, catering to diverse user needs for privacy and transparency. This flexibility also allows for easier integration with Web2 and SaaS applications.

  3. Utility Token: GEEQ serves as a utility token, used to pay nodes for validation and virtual machine services. It also functions as a staking token for good behavior bonds, ensuring honest behavior within the validation network.

  1. Tokenomics: Geeq's token distribution and release schedule are designed to incentivize contributions to the project and reward success. The token allocation is structured to ensure a balanced distribution among various stakeholders, including founders, advisors, and the community.

These strengths position Geeq as a practical, secure, and scalable blockchain platform that can support a wide range of applications and use cases.

Geeq's risks

Geeq (GEEQ) is a cryptocurrency project that aims to provide a scalable, flexible, and secure ecosystem for decentralized finance (DeFi) applications. The project focuses on mitigating financial risks, particularly systemic risk, which refers to the risk of a cascading failure in the financial sector. Geeq's blockchain technology is designed to limit the risk of financial contagion from one part of its ecosystem to another, ensuring that the failure of individual components does not lead to a broader system collapse.

Geeq's risk profile is considered moderate, with portfolio managers weighing risk assessment carefully. The project's Proof of Honesty (PoH) technology helps remove uncertainty about accounting methods, simplifying and strengthening confidence in DeFi applications. Additionally, Geeq's blockchain-based payment system and decentralized architecture are designed to provide dependable, neutral, and correctly validated data sets, which can help reduce data integrity issues and cybersecurity risks.

Overall, Geeq's financial risks are managed through its robust blockchain technology and decentralized approach, which aim to provide a secure and reliable environment for DeFi applications.

Discover
Geeq
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Did Geeq raise funds?

Discover
Geeq
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Geeq’s team

Here is the team behind the crypto Geeq (GEEQ):

  • Stephanie So: Co-founder and Chief Data Officer (CDO), a vastly experienced technologist and economics expert.
  • John P. Conley: Chief Economist and Founder, who started exploring blockchain in 2016 at Microsoft Research.
  • Ric Asselstine: CEO, leading the project forward with a focus on enterprise and individual adoption in the metaverse and Web3.

Whalee AI

The fundamental analysis assistant for crypto value investors.

Geeq NEWS REPORT

Latest news

Want an analysis of Geeq? Tell us on discord.

Help us improve!
Tell us what you think of this page and which features you would like to see next.
OPEN FORM