Crypto Projects

What is GamerCoin (GHX)

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By Crypto Vibe

Introduction to GamerCoin

GamerCoin is a relatively new project in the cryptocurrency ecosystem. It is becoming increasingly popular in the market based on its demand among GamerHash enthusiasts. If you have arrived here searching for all the important details about GamerCoin (GHX), we have got you covered. Let’s dive into the details.

What is GamerCoin

What is GamerCoin?

GHX, also known as GamerCoin, is the native token of the GamerHash platform. GamerHash focuses on distributed computing and utilizes the power of users’ graphics processing units (GPUs) for various tasks like artificial intelligence (AI), 3D rendering, and data analysis. Here is what you need to know about GHX:

Purpose

  • Serves as the primary currency within the GamerHash ecosystem.
  • Used for various in-platform activities like:
      1. Rewarding users for contributing their GPU power.
      2. Enabling access to features within the Play & Earn module (if applicable).
      3. Providing potential discounts on marketplace purchases (if applicable).

Technical Details

  • GHX exists on two blockchain networks:
      1. ERC-20 token on the Ethereum blockchain (most common)
      2. BEP-20 token on the Binance Smart Chain
  • The specific network used might depend on the platform functionality or user preference.

What is the Vision of GamerCoin?

Currently, there is no explicitly stated vision on the official GamerCoin website. However, we can infer some possibilities based on the platform’s functionalities and its use of GHX tokens:

Democratization of Computing Power

GamerHash leverages unused processing power from users’ GPUs. It could be part of a vision to create a more accessible and distributed computing landscape, where anyone can contribute their resources and earn rewards.

Empowering Gamers

By rewarding users with GHX for contributing processing power, GamerHash might aim to empower gamers and create a new way for them to monetize their hardware while they’re not actively gaming.

Building a Play & Earn Ecosystem (if applicable)

If GamerHash incorporates a Play & Earn module where GHX plays a role, the vision could be to establish a gaming ecosystem where players can earn tokens through gameplay and potentially use them for in-game purchases or other platform functionalities.

Building a Sustainable Model

The use of GHX within the platform for various activities (e.g., potential marketplace discounts) suggests a vision of creating a self-sustaining economic model within the GamerHash ecosystem.

GamerCoin Technological Framework

Here is what we can gather about GamerCoin’s technological framework based on publicly available information:

Distributed Computing Model

GamerHash utilizes a distributed computing model where users contribute the processing power of their graphics cards (GPUs) to the platform. This processing power is then used for various tasks like:

  • Artificial intelligence (AI)
  • 3D rendering
  • Data analysis

Blockchain Integration

GHX, the native token of GamerHash, exists on two blockchain networks:

  • ERC-20 token on the Ethereum blockchain (most common)
  • BEP-20 token on the Binance Smart Chain

This integration with blockchain technology likely plays a role in:

  1. Secure and Transparent Transactions: Blockchain offers a secure and transparent way to record transactions involving GHX tokens within the GamerHash ecosystem.
  2. Reward Distribution: Blockchain can potentially facilitate secure and verifiable distribution of GHX rewards to users who contribute processing power.

Additional Considerations

  • GamerHash likely utilizes specific software or protocols to manage the communication between user devices and the platform’s backend systems.
  • Security measures are essential to protect user data and ensure the integrity of the distributed computing processes.

GamerCoin Tokenomics and Rewards

  • Primary Currency: GHX serves as the main currency within the GamerHash ecosystem.
  • Reward System: Users are rewarded with GHX for contributing their GPU processing power to the platform.
  • Potential Use Cases:
    1. Access to features within the Play & Earn module.
    2. Discounts on marketplace purchases.

Token Distribution

  • Mining Rewards: A portion of GHX might be allocated as rewards for users contributing processing power.
  • Team & Advisors: A percentage might be reserved for the GamerHash team and advisors.
  • Marketing & Development: A portion could be allocated for marketing and platform development initiatives.

Earning GHX Rewards

The exact process for earning GHX rewards likely depends on factors like:

    1. The amount of processing power contributed by a user.
    2. The type of tasks being performed on the platform.
    3. Potentially, the efficiency of the user’s hardware.

GamerCoin Partnerships

GamerCoin (GHX) has established partnerships with various entities within the Web3 gaming and blockchain space. Here is what we know:

Confirmed Partnerships

  • Polygon: A collaboration focusing on cross-marketing and user acquisition. This partnership allows GamerHash users to convert their earned BTC to MATIC for use on various decentralized applications (dApps) built on the Polygon network.
  • The Sandbox: This partnership grants GamerHash ownership of a virtual estate within The Sandbox metaverse platform. The collaboration opens doors for potential integration and future experiences within the metaverse.

Additional Partnership Mentions

  • Platforms Supporting GHX: Several cryptocurrency exchanges list GHX for trading, including Bithumb, Uniswap, KuCoin, MEXC Global, and PancakeSwap. While not technically partnerships, these listings indicate adoption and facilitate user access to GHX.
  • Mentions of Web3 & Blockchain Initiatives: GamerHash’s medium channel mentions collaborations with leading Web3 initiatives, but specific details are unavailable.

GamerCoin Price

The current GamerCoin (GHX) price stands at $0.143793 as per the CoinMarketCap data. GHX has a 24-hour trading volume of $3,054,019.

What is GamerCoin

How to Get Involved With GamerCoin?

There are a few ways you can get involved with GamerCoin (GHX):

1. Contribute Processing Power (Mining)

  • This is the core function of the GamerHash platform. You can download and install the GamerHash software on your computer.
  • The software utilizes your graphics card’s (GPU) processing power for various tasks on the platform.
  • In return, you’ll be rewarded with GHX tokens for contributing your processing power.

Here’s what you need to consider:

  • Hardware Requirements: Ensure your computer has a compatible and powerful GPU to maximize your earning potential.
  • Electricity Consumption: Running the software will consume electricity, so factor in the cost of electricity before starting.
  • Profitability: The profitability of mining GHX can fluctuate based on various factors like network difficulty and the price of GHX. Research current profitability estimates before investing in hardware upgrades.

2. Purchase GHX on Cryptocurrency Exchanges

  • If you don’t want to contribute processing power, you can buy GHX tokens directly on cryptocurrency exchanges.
  • Several exchanges list GHX, including Bithumb, Uniswap, KuCoin, MEXC Global, and PancakeSwap.

3. Participate in the GamerHash Ecosystem:

  • GamerHash might have a Play & Earn module where you can use GHX for in-game features or purchases.
  • Keep an eye on the GamerHash website and social media channels for updates on potential Play & Earn features or functionalities.