GINcoin (GIN), the native currency of the GIN platform, is a blockchain-based and open-source cryptocurrency. The platform aims to provide decentralized financial (DeFi) solutions to the users. GINcoin seeks to offer peer-to-peer exchange and plans to deliver 200 million coins to traders. Peer-to-peer exchange in cryptocurrency is the exchange of assets between two parties without involving any centralized authority.

Apart from adopting the peer-to-peer exchange, the GIN platform runs masternodes delivered through the protocol or the GIN Ecosystem Apps protocol. Masternodes are nodes that run unique functions of a coin's blockchain to support its network. The masternodes, in turn, are rewarded for the work done in hosting the information. According to the whitepaper, the platform aims to enable masternodes using the GIN freighter fleet. The GIN freighter fleet is a decentralized freighter fleet that operates with DAM or Distributed Apps Marketplace and uses the GEA protocol.

To elaborate, the GEA protocols are a set of rules formulated by the GIN platform. The DAMs and the freighter fleet help in executing the rules. The GEA protocol, in turn, helps monitor the decentralized freighter fleet. The fleet or the GIN masternode network, adhering to the GEA protocol, runs on the decentralized system, making it a one-point control system in case of any issues or failure. Also, the GEA protocol defines the structure of the exchange of information between the DAMs and the freighters. The protocol is unique to the GIN platform, and it aims to gather information for running the masternode from its customers.

As mentioned on the website, the goal was to provide community support during the pandemic. Additionally, the platform aims to enable more such masternodes for resolving real-world problems of individuals and organizations in the future.

GINcoin and conceptualizing its whitepaper began in August 2020. The team comprises eight members, including Walton Oldile as director and Lam Ning as a managing director. The initial launch of phase-I was carried out through the GIN app in April 2021. The platform distributed 20 million GIN coins to users as rewards for downloading the app. October 2021 saw the launch of the GIN wallet and listing on exchanges.

The peer-to-peer exchange model launch and mainnet development started in December 2021 (1- roadmap). Mainnet implies launching an independent blockchain network with its set of protocols and tokens or crypto. The GIN miner and mobile platforms were launched at the same time, in December 2021.

We werken onze GINcoin naar EUR valuta in realtime bij. Ontvang de actuele prijs van GINcoin op Coinbase.