Gold Bits Coin GBC to IONChain IONC Exchange

Crypto Pair Details: GBC to IONC

Gold Bits Coin GBC

GBC, Game Bank Coin in short, is the token issued by I.H.C platform in accordance with ERC20 standard. The cryptocurrency is used for ads auction and other transactions on I.H.C platform. GBC can be traded freely after the pre-sale and will be listed on serval digital currency exchange within the shortest time. The total supply amount of GBC is 3 billion and will never be issued additionally. The subscription is open to early investors in order to raise money for the platform development. Besides, GBC can also act as incentive for the contributors of I.H.C ecosystem. GBC will also be circulated on the third party digital currency exchanges.

IONChain IONC

IONC is the official token of IONChain. It can be utilized by different participants in IONChain ecosystem. The maximum supply of IONC is 800 million. It is going to be released gradually for 20 years. After 20 years, the administrative committee elected by IONChain users using the consensus mechanism will decide whether to re-issue IONC tokens based on the amount of on-chain devices, amount of data being processed and the overall level of IONC abundance in the ecosystem. IoT devices and data access constitute the core parts of IONChain ecosystem, therefore IONC token is going to be used to reward devices and data providers. The yearly supply of IONC tokens increases along with the demand for data access. However, the upper limit is pre-set. IONC token is an indispensable part of the IONChain system as it is a single most crucial part of its ecIONChain aims to solve a wide range of the current problems of IoT networks in terms of data security, data circulation, data sharing and data transactions, thus enhancing the efficiency of the whole IoT ecosystem. IONChain introduces the concept of “One Device, One Coin, One Code” which facilitates the integration of IoT devices with the IONChain blockchain network. With the use of Edge Computing technology, it enables every device on the IoT network to be utilized as a mining machine, making every IoT device that uses IONChain subject to mining rewards. Owing to the use of blockchain technology, the data source will always be reliable and verifiable on the IONChain network. Furthermore, the value ofthe data is quantified and data transfers are fast and secured. This makes it easier for IoT standards to emerge, unlocks a plethora of new IoT application scenarios and boosts the whole industry to enter the next level of development.

SOURCE: COINGECKO

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