GenaroNetwork, a dual-underlying intelligent data ecosystem combining decentralized storage and public blockchain, features an original SPoR (Sentinel Proof of Retrievability) + PoS (Proof of Stake) hybrid consensus mechanism with low energy consumption and sustainability, enhancing performance while ensuring security. Genaro is dedicated to creating a distributed shared cloud, offering developers a one-stop development platform for deploying smart contracts and storing data required by DApps, and providing everyone with a trustworthy internet that bridges the real world and the blockchain world through data.

I. Project Background

The concept of Genaros Blockchain 3.0 model was first unveiled at Chinas leading business event, the Shanghai Fintech Forum, in November 2016, where co-founder Larry Liu shared its foundational framework. Following this, Genaro received seed funding from BlockAsset and ChainBase, top global blockchain supporters, and has since attracted thousands of supporters worldwide. To accelerate community and product development, Genaro launched the Genaro Support Program in October 2017, allowing contributors to donate ETH/BTC in exchange for GNX. For future strategy, Genaro is building "Genaro Hub" and "Genaro Accelerator" to foster and support over 100 decentralized applications based on the Genaro Network.

II. GNX Application Scenarios

GNX is a Utility Token, serving as the core of the entire Genaro ecosystem:
Developers use GNX to deploy smart contracts on the Genaro Network (similar to Ethereums Gas)
Anyone can share their idle hard drives and computing resources to form the storage network of Genaro Eden, earning GNX rewards
Individuals and businesses can utilize Genaro Edens decentralized storage network for data storage and analysis
DApps based on the Genaro Network can use GNX as their token, and if a DApp issues its own token on the Genaro Network, GNX can be instantly converted
Partnering with payment channels, such as integrating with Pundi X to make GNX available in offline stores globally, directly selling it to consumers
Additionally, GNX has been validated as a Utility Token by the renowned law firm Dentons, ensuring sales comply with legal regulations.

Relevant Links:

https://www.sohu.com/a/214104552_675752
https://genaro.network/en/home.html#footer-banner