What is Geeq (GEEQ)?
Geeq is a fast, flexible, safe, and multi-chain platform designed for transactions and multiple other use cases. The platform’s Proof-of-Honesty (PoH) algorithm gives users the power to decide if the network of validating computer nodes is behaving properly. This gives the network the ability to provide a Byzantine Fault Tolerance (BFT) score of about 99%.
Geeq also makes use of an additional security protocol called the Geeq Strategically Provable Security mechanism. This protocol delivers economic security to all users on the platform. Its multi-chain structure gives users on the network the ability to share GEEQ crypto assets, the platform’s native and utility tokens. It supports other native application tokens as well. On the price chart above, you can find the current GEEQ price.
The project is suitable for a wide range of use cases and it gives decentralized application builders the option of implementing upgrades and bug fixes without the need to break protocol or create hard forks. It is also a safe, secure, and scalable option for companies who wish to take full advantage of the benefits of blockchain technology. The Qeeq platform mainly consists of three technologies:
- Geeq Chain – a blockchain infrastructure.
- Geeq Pay – a blockchain-based payment technology.
- Geeq Data – a data management platform.
Supported by innovative algorithms and carefully designed monetary policies, the GEEQ coin is a stabilized token created as a store of value. Remember that you can find the latest GEEQ price on the live price chart above.
Use Cases of GEEQ Tokens
The GEEQ token is designed purely as a transactional currency. For starters, it is used to reward node validators for their services provided to the platform.
Moreover, the GEEQ crypto asset can be used as a form of payment for companies transacting online. Companies can use the Geeq Chain and benefit from Geeq’s low transaction fees and low price volatility. They can make use of the platform’s ability to function as an escrow service to unlock more business opportunities. An escrow service is designed to build and increase trust between two parties in a transaction. Funds deposited in escrows are locked until both parties fulfill their responsibilities.
Finally, GEEQ token holders can stake their tokens to become validators on the network or earn rewards on the platform. It offers two types of staking – GEEQ Staking 10 and a GEEQ Liquidity pool. Interests from GEEQ staking could reach up to 20% APR.
Who Founded Geeq?
Geeq was co-founded by John Conley, Ric Asselstine, Stephanie So, and Lun-Shin Yuen.
Ric Asselstine is a graduate of the University of Windsor and Wilfrid Laurier University. He was part of the team that founded Open Text Corporation, a software company that was in existence before the internet. He is a co-founder of Terapac Corporation as well.
John Conley is a graduate of the University of Chicago and the University of Rochester. He has been a blockchain researcher since 2016 with Microsoft and one of the results of that experiment is the Geeq Platform.
Stephanie So is a graduate of Princeton University and the University of Rochester. She is an expert economist and a policy analyst.
Lun-Shin Yuen started his career with Intuit as an engineer where he produced finance software that has been adopted by millions around the world.
Tokenomics of GEEQ
The maximum supply of GEEQ tokens is 100 million. Out of this amount, 59.38% of the tokens are unissued as of writing. Since the supply is fixed, the token might become more scarce in the future, which could result in an increase in the GEEQ price. To check the recent Geeq price changes, don't forget to take a look above.
