By: Geeq on Oct 29, 2021
Blockchain pioneer Geeq announced today that it has been selected to join the Unizen ZenX Incubator. The accelerator program is backed by Unizen, a crypto liquidity platform that aims to bridge the gap between centralized and decentralized finance. ZenX aims to provide blockchain projects with the investment, expertise, and partnership opportunities necessary to achieve broad adoption. A key criteria for Geeq’s selection was that its solution was adjudged to be closer to commercial adoption than competing projects.
Geeq is focused on making decentralized networks more accessible, flexible and robust. Based on a unique, highly secure and energy efficient consensus mechanism called Proof of Honesty, the firm is initially focusing on commercial applications in the fields of micropayments, data consistency, and gaming. The Geeq ecosystem will be based on a multi-chain architecture featuring independent, interoperable blockchains that can be calibrated and optimized for specific use cases.
In July, Geeq released a simulator that demonstrates a bold new approach to digital payments called Geeq Pay. This innovation promises to enable low-cost micropayments at scale, which will make it possible to transact sums as small as a few cents for fees as low as a tiny fraction of a cent. The potential use cases include pay-as-you-go digital content, vehicle renting (smart mobility), machine-to-machine transactions, and microdonations.
The Geeq project is guided by a highly experienced core team which unites seasoned tech entrepreneurs and economists with bold innovators in the blockchain space. In being selected for ZenX, Geeq is joining a compliant blockchain incubator that will help it grow responsibly, attract investment, and connect with early adopters, particularly in Asian markets.
Geeq CEO Ric Asselstine said “First and foremost, we have tremendous respect for the entire Unizen team. Joining ZenX is a logical extension of our existing partnership with Jun Capital and we view both entities as exemplars in compliance, customer acquisition and community building. The timing therefore makes great sense from our perspective as the Geeq Project transforms to a customer-facing, scale-up model.”
Unizen CEO Sean Noga said “In a blockchain landscape where it’s sometimes hard to see the wood from the trees, Geeq is doing something that’s clearly different. By building a new blockchain protocol that is light, secure and adaptable by design, they have produced a decentralized networking and payments technology that can scale rapidly.”
Unizen is a 360° compliant liquidity solution for aggregating all aspects of the digital asset economy into a single seamless interface. A trading infrastructure built on multi-chain deep liquidity from best-in-class centralized and decentralized sources, eliminating the need for trading platform alternatives. Social sentiment indicators, driven by AI learning, enhance the trading experience for users in search of both traditional and emergent cryptocurrency listings. ZenX incubator discovers, accelerates, and delivers the next generation of digital assets exclusively to Unizen.
Geeq is a multi-blockchain platform secured by an entirely new consensus mechanism called Proof of Honesty (PoH), which radically reduces the cost of securely transacting value at scale. It is safe enough for highly valuable data, fast and cheap enough for IoT, and flexible enough for any use.
Geeq was founded by a team of expert economists and technologists. The founders see unprecedented opportunity in decentralized technology that to date has not been realized, as existing blockchains are caught in a trade-off between scalability and security. The Geeq solution was developed to eliminate this compromise.
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Forward Looking Statements:
Statements in this Press Release, including statements relating to Geeq’s and ZenX’s future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in technology development and commercialization. As a result, actual results may vary materially from those described in the forward-looking statements.