Frequently Asked Questions

Unlike speculative cryptocurrencies, GX Coin is designed for real economic value creation. We use a Proof of Authority consensus mechanism, have immutable economic policies embedded in the blockchain, and focus on productivity rather than speculation. Our interest-free loan system and velocity tax create a stable, predictable economic environment.

GX Coin eliminates traditional interest-based lending. Instead, we use a velocity tax (3-6%) that encourages productive use of currency while discouraging speculation. This creates a more equitable system where economic value is generated through actual productivity rather than debt accumulation.

Proof of Authority (PoA) uses pre-approved validator nodes instead of energy-intensive mining. This provides high efficiency, low energy consumption, and institutional-grade security. It's perfect for our stable, productive economy model as it ensures reliable transaction processing without the volatility of other consensus mechanisms.

GX Coin is designed for individuals seeking inflation protection, businesses needing stable capital access, and governments wanting transparent economic tools. Getting started involves joining our ecosystem through our official channels, completing verification, and accessing interest-free loans or currency exchange services.

Our core economic policies are immutably embedded in the blockchain, ensuring long-term predictability and trust. These fundamental rules cannot be arbitrarily changed, providing stability that traditional fiat currencies lack. This includes our 0% interest rate policy and velocity tax parameters.

The velocity tax (3-6%) is applied based on how quickly currency changes hands. It encourages productive, long-term use while discouraging rapid speculation. The exact rate depends on transaction frequency and patterns, automatically adjusting to maintain economic stability while promoting genuine value creation.

Yes! Our Proof of Authority consensus mechanism uses significantly less energy than traditional mining-based cryptocurrencies. By focusing on productivity over speculation and using efficient validation processes, GX Coin maintains a minimal environmental footprint while providing robust economic functionality.

All GX Coin operations are verifiable on our blockchain, replacing blind faith with direct knowledge. Our Proof of Authority validators are vetted institutions, and our code is open for audit. The immutable nature of our economic policies ensures consistent, predictable behavior without hidden changes.