By: Geeq  on Dec 12, 2024

The Geeq Coin is the cornerstone of Geeq’s public blockchain platform, ensuring impartial, secure validation and supporting essential utility for scalable applications.

• Validator Payments: Validators are paid exclusively in Geeq Coins for delivering provably accurate and secure data services.
• Ledger Rent: Geeq Coins fund the long-term storage of records, ensuring nodes are compensated for maintaining data. Unlike other protocols that rely on goodwill to sustain services, Geeq’s model guarantees the availability of validated and provably authentic data, giving users ultimate control over their assets.
• Good Behavior Bonds: Validators must stake Good Behavior Bonds (GBBs) in Geeq Coins to participate in the network. If a validator fails to provide proof of accurate ledger maintenance, the system automatically audits and ejects them, with the GBB forfeited. This mechanism ensures integrity, deters bot attacks, and maintains network reliability.
• Micropayments: Geeq’s micropayment technology enables low-cost transactions in fractions of Geeq Coins, supporting real-time, scalable use cases.
• Unforkable Ecosystem: Geeq’s native coins cannot be forked, preserving the integrity and reliability of the ecosystem.

Key Takeaway

Geeq Coin powers all public chains and applications on the platform, providing essential utility for secure and scalable operations. A process for swapping ERC-20 Geeq Tokens to native coins will be available after mainnet launch, supporting access to the platform’s essential utility. Geeq’s tokenomics are designed to support a resilient and scalable system, aligning with its principles of impartiality and secure validation.

Forward Looking Statements:
This page contains forward-looking statements regarding our business plans, future operations, financial performance, and objectives. These statements are based on current expectations, assumptions, and projections, and are not guarantees of future performance.
Forward-looking statements include, but are not limited to, expectations of revenue growth, scalability, profitability, and operational milestones. Factors that could impact these outcomes include changes in market conditions, competition, regulatory changes, technological advancements, and other risks inherent in early-stage businesses. Actual results could differ materially from those expressed or implied in the forward-looking statements. We undertake no obligation to update or revise any forward-looking statements to reflect changes in circumstances or new information except as required by law.