GECC (Global ENT Consumption Chain) is a Global common digital asset for consumer applications. It will be used to create circulation and applications in the Global entertainment Consumption circle, build a new trust system of the underlying architecture of block Chain, break away from the shackles of traditional payment links, and form a safe and efficient basic application layer.
GECC (Global ENT Consumption Chain) is a Global common digital asset for consumer applications. It will be used to create circulation and applications in the Global entertainment Consumption circle, build a new trust system of the underlying architecture of block Chain, break away from the shackles of traditional payment links, and form a safe and efficient basic application layer. Global entertainment consumption chain will realize security and connection through block hash encryption algorithm, jointly maintain the integrity and stability of the overall database, promote P2P unhindered transmission, improve the linkage of distributed nodes, and can be effectively applied to global trade, cross-border consumption, high-end clubs, bars, star hotels and other high-consumption scenarios.
Due to the efficient and extensive application of GECC in consumption scenarios, the original intention of the design is to adopt a new block chain public chain and make GECC into a stable currency of USDT, which is more conducive to consumption settlement. But given the current block chain technology in the network, in addition to BTC, ETH, XRP and EOS and chain and other basic chain, the application of chain maturity and low expansibility, settlement and price anchor will also cause more complicated processing link, therefore GECC technical team will use mature sharing network technology leading to build the corresponding application block chain chain GECC, late again according to the market value of the stability of the currency converted into new male chain GECT (Global ENT Consumption Token, universal entertainment Consumption sense), all GECC after converted into GECT, GECC will be destroyed gradually until the exchange is completed.
For more details please download White paper.
GECC development team has carried out cooperation with countries mobile phone manufacturers, in the second half of 2019 are 5 g network application block chain of mobile phone, participants for presented GECC GECC product block chain of mobile phone, will be more comprehensive guide to block chain applications and characteristics of digital assets circulation to honour, let each hold GECC block chain mobile phone users, have a more secure way of protective barriers, stable value-added assets and convenient payment way. It is estimated that by 2020, the total number of blockchain mobile phones applied in GECC technology will exceed 20,000, and most of them will be used as gifts and GECC promotion and publicity.
GECC online with appreciation of the unsealing model of the exchange, will apply the existing high-frequency unsealing model, all GECC into the exchange, automatically into the lockup state. Users with GECC in lock-up assets will be set to change hands every time, and the floating selling price will be constant higher than the buying price 0.0001 USDT. Through continuous changing hands among users, the price will finally be pushed up. However, there are no GECC participants in lock-up assets. After the purchase of GECC, GECC can be held all the time. In the later stage, GECC can be sold by users themselves to realize the return on investment.
GECC adopts the most mature underlying block chain technology at present to complete the development and construction, with a constant total amount of 2,900,000,000 pieces and never additional issuance. In the later period, GECC will exchange GECT at the same time according to the corresponding market value. GECT is the reference USDT, so the higher the overall market value of GECC, the more the total amount of GECT will be issued. After completing the valuation of GECC's market value, the technical team will build a corresponding amount of GECT digital assets and provide conversion channels for all GECC holders. The GECC converted will be destroyed and cannot be used again, so as to protect the rights and interests of all holders.
GECC payment technology: the use of multiple signature technology to establish a trading channel, the realization of lightning network comparable to the speed of transactions. The core of GECC payment technology is to realize high-speed transaction through multi-signature technology. Its security degree is higher than zero confirmation, and its simplicity and landing performance are better than lightning network.
GECC attempts creating the first high-end entertainment consumer token in the world. In order to quickly reach a global consensus and achieve global business coverage and application circulation within two to three years, GECC will step up its efforts to integrate and deliver benefits to communities in all regions of the world, forming a highly popular digital assets in circulation.
GECC is scheduled to officially launch the pre-sale plan on October 26, 2019. The total issuance of GECC is 2.9 billion,of which 92.8 million is used for pre-sale circulation.The pre-sale period is from October 2019 to January 2020.
GECC has reached an online agreement with the exchange and will be online by January 10, 2020 at the latest.The exact time depends on market conditions.
In order to form an effective market coverage, GECC will implement node partner recruitment activities and name it "Creation Plan". Users who have a one-time exchange of 50,000 U in the GECC wallet can apply for advanced nodes,and who convert 10,000 USDT at a time can apply for a primary node!
A total of 58 advanced nodes and 58 primary nodes, the node qualification owner enjoys long-term benefits.
1.The advanced nodes receive 0.5% total Performance awards every day.
2.The advanced nodes recommend new nodes will be rewarded with 0.2 % total performance awards of the new nodes every day.
3.The primary nodes receive 0.35% total Performance awards every day.
4.The primary nodes recommend new nodes will be rewarded with 0.15 % total performance awards of the new nodes every day.
All promotion awards are grannted in USDT, settling in 24 hours. And 58 advanced nodes will receive the GECC's 30% total transaction cost allocation award on the exchange.
After the implementation of the "Creation Plan",GECC will increase its efforts to give more advantages and benefits to nodes.It is hoped that all nodes will jointly promote GECC's global coverage and linkage, creating a new business value token.
Global ENT Consumption Chain
GECC sets the number of global nodes to 116，there are 58 advanced nodes and 58 primary nodes respectively. At the GECC pre-sale stage, all users can apply for nodes until the Application for node quota is completed.
1.Transfer a sufficient number of USDT to the GECC wallet.
2.One-time exchange 50,000 USDT worth of GECC in the USDT account of the wallet can apply for advanced node,One-time exchange 10,000 USDT worth of GECC Can be applied as a primary node.
3.After the exchange is completed, please send the application to the official mailbox by mail before 24 o'clock on the same day.
4.The official will verify after receiving the application. If the review is approved, the node permission for the relevant application account will be opened immediately.
Information to be Submitted on Application:
(1)The name of applicant's GECC account.
(2)The node number of reference that applicant's registered account.
(3)Screenshot of the applicant's one-time exchange record of GECC.
(4)If the amount of GECC exchange at one time reaches the USDT worth required by two or more nodes, while applying for multiple nodes at the same time, it is need to indicate which account is the Upper node and which one is the Subordinate node.
Global ENT Consumption Chain
The first 7 to 10 days of the GECC's pre-sale phase are Foundation wheels, which provide all users with application for node qualification.When the stone wheel is finished,starting the angel wheel.At this time, GECC is priced at 0.1 USDT, while opening the mining resonance function.
Specific details of mining resonance:
1.All users can execute mining with a mining rate of 1.6‰per day.
2.The token injected into the mine can be formally mined after 24 hours.
3.Users need to inject more than 1,000 GECC when executing mining.
4.The GECC generated by mining on the same day immediately resonated with USDT.
5.The USDT generated by resonance automatically enters the wallet's USDT account.
6.Mining can be cancelled at any time.
GECC pioneered mining resonance, in order to give back to all GECC holders and build global consensus. If there are questions about related issues during the mining process, you can directly consult the official customer service.
Global ENT Consumption Chain
GECC will reward all excellent promotion nodes accordingly , in order to increase the coverage of market promotion and promote global consensus. At the same time, GECC's consensus profit distribution will be based on the performance contributionof each node as a distribution standard.
1.All advanced nodes that complete 100,000 USDT performance will share out the 15 % reward for the total transaction cost per month.
2.All advanced nodes that complete 500,000 USDT performance will share out the 10 % reward for the total transaction cost per month.
3.All advanced nodes that complete 1,000,000 USDT performance will share out the 5 % reward for the total transaction cost per month.
4.The corresponding rewards will also be given to all other nodes.
Global ENT Consumption Chain