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GNY Stock

GNY

GNY

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GNY Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
BitMartGNY/USDT029.6130.332,624.210cex136/26/2025, 5:39 AM
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GNY FAQ

What applications have emerged to date from GNY's technology?

The introduction of the GNY Range Report signifies GNY's initial step into public-facing tools. It employs specialized neural networks and a custom Relative Strength Index (RSI) to forecast daily price ranges for Bitcoin, Ethereum, and other major cryptocurrencies. The enhancements include a custom large language model that offers summaries of these forecasts. Future developments will feature additional tokens, exchange insights, personalized notifications, extra trading signals, and market threshold indicators. Moreover, GNY has developed the GNYaiBOT, a mobile application integrated with Telegram to deliver concise updates on cryptocurrency tokens. By leveraging Telegram's BOT ecosystem and the latest advancements in large language models, the GNYaiBOT simplifies complex data analysis into user-friendly messages.

What measures are in place to secure the GNY blockchain?

The GNY blockchain's security is ensured by a Delegated Proof of Stake (DPoS) consensus mechanism, involving 101 nodes. This approach was selected for its democratic characteristics, enabling token holders to elect delegates accountable for network security, and its scalability, which accommodates a higher transaction volume per second relative to many other consensus algorithms. The GNY mainnet produces a block every 10 seconds.

What is the function of the GNY token within the network?

The GNY token fulfills various roles within the network, such as providing digital access rights to the decentralized machine learning predictive platform. Token holders have the opportunity to become delegate node operators, initiate cryptographic tokens and sidechains, and utilize exclusive features of the GNY Range Report and GNYaiBOT. Additionally, the token enables engagement in the GNY DataPlace, a decentralized data marketplace designed for collaboration, sharing, and monetization of datasets and machine learning insights.

What are the circulating, total, and maximum supplies of the GNY token?

The current circulating supply of GNY tokens stands at 200 million, from a total supply of 375 million. GNY retains 175 million treasury tokens, with a strategy to burn 20 million tokens each year for the next decade. The inaugural burn took place in August 2023, decreasing the treasury tokens to 180 million. This was followed by a subsequent burn of 5 million tokens in March 2024, maintaining the total supply at 375 million. The GNY token lacks a maximum supply limit.

Investors interested in GNY are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.