New business model：
All participants such as project sponsors, regulators, consumers, etc., jointly build a community of interest.

New organization system：
The decentralized organization system is jointly established by token holders and will not be affected by the central organization.

New distribution system：
Holders of "tokens" are qualified in a participation of value distribution, which eliminates monopolistic classes, and realizes wealth sharing.

The world's first blockchain that empowering decentralized
commercial system

The significance and value of Genesis is to build a credible system, optimize the traditional unfair business model, and redefine a just social distribution mechanism, so that every business entity is inspired to create more values and obtain recognition.

Contribute to Earn Computing Power
All contributors participating in the ecological construction of the Genesis would be rewarded corresponding computing power according to the contributing amount.

Hash Power Mining Token
Computing power produces token through node mining, commercial network nodes clings to the full nodes to participate in mining and results in obtaining profits as feedbacks.

Token Dividends
The commercial ecosystem + mechanism of pledge circulation of redemed token helps in token’s worth exploring, and token holders enjoy considerable dividends.

There are two types of nodes in the Genesis network
The full node and the commercial network node

The full node: Genesis public blockchain adopts the mechanism whereas 1024 full nodes competing for accounting rights. Full nodes are elected from physical machine miners. By default, they become authorized representatives in the PoC mechanism and act as an agent for all nodes to confirm blocks and maintain the orderly operation of the system. The full node is the first batch of promoters in Genesis business ecology.

The commercial network node: Throughout the commercial ecosystems built on Genesis, consumers, merchants, channel providers, and arbitration organizations are all kind of the commercial network nodes. Commercial network nodes are participants who help maintaining the commercial ecosystem of Genesis. The commercial network node is attached to one of the full node so as to participate in mining and win for corresponding benefits.

The world's first public blockchain that can serve both decentralized finance and decentralized commerce.

The Terminator of the Monopoly Economy
Pioneer of New Commercial Society

Project Description
Genesis, a public blockchain aiming for decentralized shared economy, is devoted to building a trusted Internet of Value, realizing the confirmation of the right of production means, optimizing or even disintegrating the monopoly economy and finally transforming human economic society from capitalist commercial civilization to socialist commercial civilization

Decentralized Trusted Data Service

Universal Value
The functions of Genesis are generally compatible with general computing services and blockchain networks. This means that its application scope is not only limited to the existing blockchain applications, but also capable of extending to provide a wider range of disintermediate services and other forms of computing tasks in the Internet.

A Distributed Coverage on Global Network
Genesis's transparent and decentralized public & global nodes ensure that its executors (The de facto participants are miners and ecological contributors) are incapable of tampering with the user's workflow and data in a provable way. In this decentralized network, all activities are open and transparent except those private data which need to be desensitized.

A Mechanism of Trusted Data
Data is no longer monopolized by certain organizations. All enterprises and individuals need to exchange datas and values in the emerging trusted blockchain environment. Genesis's fine network architecture ensures the data's security and transaction's fairness of individuals and enterprises.

Jointly promoted by Genesis Lab Board Member （of）
Caribbean Blockchain Institute
The First Members
American Blockchain Alliance IC3 (The Initiative for Cryptocurrencies and Contracts) World Blockchain Organization (WBO)
Team members (all) from
The U.S. Ivy League University Labs and the Silicon Valley Developer Geek Alliance
In cooperation with a total of 23 international strategic institutions, and possess with normalized ecological scalability.

PoC consumption mining Prosperity for all
Genesis will be the first real consumption mining public chain throughout the world. It uses original creation, proof of consumption contribution (PoC) rather than proof of work (PoW) or proof of stake (PoS) to build consensus mechanisms and economic incentives, and transform business profits rather than electricity costs into token value, rewarding all business ecosystem contributors.

Business profit GS token value
GS Token: The value target and equity certificate of each application links around Genesis Network;
Output calculation: “Dynamic Deflationary Supply Mechanism” — According to the actual business demand model, Exponential Decay Baseline × Floating Coefficient = Output of GS token at real time.

The Function of GS
Transaction Fees
Pay GS as the transaction fees when trading on the decentralized DEX.

On-Chain Gas Costs
GS will be paid as gas fee to enjoy all services and perform actions done on the chain.

Equity Certificate
As a certificate to enjoy all benefit generated by the token economy and the prosperous business ecology.

Pledge Lending
Pledge GS to participate in the commercial circulation and also consumption mining of stablecoin — GC

Participation in Governance
All nodes and ecological members holding GS can participate in the ecological governance of Genesis DAO, while these participants having the opportunity to receive governance rewards from the community.

Hello, please check for more information Web:     www.genesischain.io Twitter:   https://twitter.com/GenesisChain_1 Medium:  https://medium.com/@Genesis_Chain Reddit:    https://www.reddit.com/user/Genesis_Chain Telegram:  https://t.me/Genesis_Chain Linkedin:   https://www.linkedin.com/in/genesis-chain-9643a821a/

Hello, please check for more information Web:     www.genesischain.io Twitter:   https://twitter.com/GenesisChain_1 Medium:  https://medium.com/@Genesis_Chain Reddit:    https://www.reddit.com/user/Genesis_Chain Telegram:  https://t.me/Genesis_Chain Linkedin:   https://www.linkedin.com/in/genesis-chain-9643a821a/

Genesis Public Blockhain
The world's first blockchain that’s empowered with decentralized business system
   
A Low Threshold of Mining
Genesis' mining adopts the method of pledging token + using physical machine, that
machines having been installed the Genesis mining program are all qualified to mine tokens.

A Remarkable Increase in Value
It would be apparently rather scarce for pledged currency of Genesis. Each GS token turns out to be in extremely short supply as soon as the mining launches on account of miner’s queuing to enter the game and competing in mining, which ultimately leads to a remarkable increase in token’s value.

A Less Energy Consumption
Genesis’ mining adopts the consensus mechanism of PoC (Proof of Consumption), a mechanism with an exceedingly low consumption and is rather different from PoW, which is an energy-intensive consumption mechanism. Owing to this, a great reduction of the mining cost has been achieved.

A High Figure on Commercial Value
The carrying scale of Genesis’ future commercial ecological is expected to reach a trillion-scale volume, which proves Genesis possessing the features of high commercial value, wide coverage, and rapid landing of application, resulting in a derivation of a massive wealth outlet.

What is Genesis

enesis as the World's First Public Blockchain for Decentralized Commerce (DeCom),a public blockchain aiming for decentralized shared economy, is devoted to building a trusted Internet of Value, realizing the confirmation of the right of production means, optimizing or even disintegrating the monopoly economy and finally transforming human economic society from capitalist commercial civilization to socialist commercial civilization.Looking at the global economy, capital is monopolized by financial oligarchs and data monopolized by internet oligarchs. The high degree of monopoly of production means has led to a disparity in the distribution of economic profits.

Genesis = Decentralized Commerce (DeCom)= Common-prosperity Commerce + Efficient Commerce + Trusted CommerceDecentralized Commerce (DeCom), a much greater application of blockchain after decentralized finance (DeFi), is going to kick off the prelude to the next grand transformation of production relations.

What can Genesis do

Genesis is the world’s first genuine consume-to-mine public blockchain. Genesis invents and uses Proof of Consumption (PoC), rather than Proof of Work (PoW) or Proof of Stake (PoS), to construct consensus mechanism and economic incentive, whereby Genesis continually converts commercial profits, rather than electricity power, to token value and thus rewards every contributor within Genesis ecosystem.

An analogy may make the point clearer. Think of Genesis as a tremendous decentralized common-prosperity commerce platform that is joined freely by numerous commercial entities as subsidiaries of the platform. In this platform, Genesis acts as an unselfish boss and ceaselessly issues additional platform shares (i.e., tokens) from scratch to reward contributors within Genesis ecosystem and distributes all profits to these shareholders.

It is in this sense that Genesis disagrees with the traditional parasitic finance paradigm that finance incubates and exploits commerce, and as instead, creates a symbiotic finance paradigm that finance should be derived from commerce and back-feed commerce.Genesis supports and is compatible with Ethereum Virtual Machine, which provides a great convenience for developers in creating various smart contracts involving DeFi and NFT (non-fungible tokens).

By minting NFTs conforming to ready-made standards in Genesis, assets from the physical world can be converted to on-chain digital ones that are enriched with additional superior attributes such as cross-platform circulation and peer-to-peer transaction, thereby forming a decentralized and reticular commerce that are emancipated from centralized platforms. Through various DeFi created and running on this blockchain, Genesis is going to function as a trusted intermediary for high-efficiency and high-frequency NFT trading and lays a foundation for the next generation of smart commerce.

The reticular commerce shaped by Genesis builds up a more efficient connection than the stellate commerce does with its connection intermediary being the e-commerce platform; furthermore, the reticular commerce avoids the exploitation and squeeze from the e-commerce platform, therefore reducing transaction costs in a great degree.

Background of Genesis

Genesis is co-sponsored by world-renowned university laboratories and foundations. Team members are all from world-renowned universities or organizations, including The US. Ivy League University Labs, The Silicon Valley Developer Greek Alliance, and distinguished professors or senior consultants from Yale university, Google, Apple, PCWW, etc. And at the same time, multiple community branches in California, New York, London, Paris, Tokyo, Hong Kong and other regions are committed to the joint research and development of Genesis. Genesis has become one of the most worthwhile researches at the forefront of the blockchain for a number of universities due to its unique innovation.

So far, Genesis.X Labs has won the strategic support from The Yale Endowment, Makena Capital, Baas Blockchain Lab and so on. Genesis.X Labs is the Board Member of Caribbean Blockchain Institute, one of the first members of IC3 (The Initiative for Cryptocurrencies and Contracts), WBO (World Blockchain Organization).

As one of the strategic partners of Genesis.X Labs, Yale University will establish a blockchain laboratory in New Haven, Connecticut, USA. At that time, Genesis will be invited to become one of the laboratory initiators on behalf of the new technology field, and will cooperate with Yale University and other multiple blockchain laboratories to jointly research and develop the frontier trends of the future development of the blockchain industry.

Genesis combines the advantages of public blockchain, DeFi, NFT, and Meta-Universe’s benign tracks, which inspires blockchain industry’s achievement of more changes and innovations. Since its establishment, Genesis.X Labs has owned thousands of technology patents. At the same time, its GDEX, decentralized wallet, Genesis Protocol and Metaverse encryption network under development are also steadily advancing.

Genesis Application

1.The commercial application value of GS Blockchain

GS Blockchain will give full play to the e-commerce industry, product traceability, supply chain finance, logistics system, IoT ecology, asset chaining, electronic data processing (TPS), and consumer entertainment. Basic function such as payment, consumption, digital currency, product anti-counterfeiting, and product right confirmation are all optimized.

2.Application of product tracing system

With the help of blockchain technology, the product traceability system can realize trust sharing among brands, distributors, retailers, consumers, regulatory agencies, and third-party testing agencies, and comprehensively improve brand, efficiency, experience, supervision, and the overall benefits of the supply chain.

3.Internet of Things transaction system application

The Internet of Things data transaction platform is one of the cores of public chain applications. On this platform, equipment manufacturers can establish channels for collecting and selling data; device users can provide personal data through this channel to obtain revenue; data buyer, such as Advertisers can also use this platform to accurately locate user, obtaining user’s profile data, and more efficiently achieving the purpose of dissemination at a lower price.

4.Supply chain finance application

The supply chain finance application system is based on the distributed storage function of blockchain technology. It naturally contains the characteristics of tamper-proof, decentralization, openness and visualization. It can effectively solve many pain points in traditional supply chain finance, in addition helping supply chain finance to break the bottleneck and develop innovatively .

Genesis Economic Model

Genesis token system comes with dual tokens: GS and GC.

The GS token is minted by mining in Genesis. It is the value subject as well as the certificate for rights and interests and is circulated in many parts including trading, mining, rewards & punishment, voting, dividend distribution, pledge and etc..

The issuance of GS is subject to the DDS (Dynamic Deflationary Supply) mechanism: the mining output of GS is calculated in real time by multiplying the exponential decay baseline by a floating coefficient yielded by a supply and demand model.The total number of GS to be issued in the first two years is estimated to be about 200 millions.

The GC token is an algorithmic stable token, issued by decentralization, with its stability maintained by algorithm and no external pledged asset required, and widely used in the Genesis ecosystem including both on-chain and off-chain scenarios of consumption and transaction.

About Genesis

Web: www.genesischain.io

Twitter: https://twitter.com/GS_Blockchain1

Medium: https://medium.com/@GS_Blockchain

Reddit: https://www.reddit.com/user/Genesis_chain

Telegram：https://t.me/GSBlock_Global

Linkedin: https://ww.linkedin.com/in/blockchain-gs-9643a821a/

1) GC token have its own destruction mechanism, which provides participants a long-term economic benefits continuously by pledging GS token.

2) The output of GS is self-equipped with an exponential decay mechanism and early participants are expected to obtain considerable economic benefits.

3) The mining model encourages miners to hold and pledge GS tokens for a long run in order to gain a higher liquidity (GC) and participate in a great variety of dApps and Apps through GC, rather than simply mining or transaction realization.

4)The design of consumption consensus mechanism is expected to avoid the excessive concentration of mining output to the head miners, ensure the decentralization of nodes and miners to the greatest extent, and restrain oligarchs from forming and monopolizing the ecology, therefore establishing a common-prosperity commerce while balancing fairness and efficiency.

PoC (Proof of Consumption) functions as the consensus mechanism in Genesis. The mining process is as follows:

1)Consume to obtain computing power:
a)the customer makes the payment to the merchant for the goods or services;
b)the merchant allocates a certain percentage of the customer’s payment (in GC by default, or converted into GC by the merchant) and pays it as “computing tax” for computing power to the GC dividend pool that is entrusted and controlled entirely by Genesis;
c)Genesis then receives a sum of computing tax and simultaneously feeds back an equivalent sum of computing power to the customer and the merchant respectively in proportion to the computing tax paid by the merchant.

2)Mine with computing power:
the merchant and the customer holding the computing power can participate in competitive mining, whereby they obtain GS minted and offered by Genesis.

3)Hold GS for dividends:
GC tokens in GC dividend pool would actually be destroyed by Genesis in real time, causing a GC deflation and a subsequent rise in the market demand for GS and in GS price, which amounts to pay GS holders dividends in another way.

Genesis Introduction：

The Genesis Chain (GS) is the world's first public blockchain for decentralized commerce and finance.

A brand new consensus mechanism of great originality called PoC (Proof of Consumption) is specially designed and incorporated into the blockchain as an economic incentive for miners in terms of consumption activities rather than staking or computing, whereby GS will be transforming commercial profits into financial dividends that are shared by businesses and customers alike.

By having been compatible with Ethereum Virtual Machine, GS enables smart contract engineers to easily develop a great variety of dApps that are going to revolutionize traditional centralized commerce and finance, thereby opening up a new era of decentralized sharing economy.

Genesis Application:

The commercial application value of GS Blockchain
GS Blockchain will give full play to the e-commerce industry, product traceability, supply chain finance, logistics system, IoT ecology, asset chaining, electronic data processing (TPS), and consumer entertainment. Basic function such as payment, consumption, digital currency, product anti-counterfeiting, and product right confirmation are all optimized.

Application of product traceability application system
With the help of blockchain technology, the product traceability system can realize trust sharing among brands, distributors, retailers, consumers, regulatory agencies, and third-party testing agencies, and comprehensively improve brand, efficiency, experience, supervision, and the overall benefits of the supply chain .

Internet of Things transaction system application
The Internet of Things data transaction platform is one of the cores of public chain applications. On this platform, equipment manufacturers can establish channels for collecting and selling data; device users can provide personal data through this channel to obtain revenue; data buyer, such as Advertisers can also use this platform to accurately locate user, obtaining user’s profile data, and more efficiently achieving the purpose of dissemination at a lower price.

Supply chain finance application
The supply chain finance application system is based on the distributed storage function of blockchain technology. It naturally contains the characteristics of tamper-proof, decentralization, openness and visualization. It can effectively solve many pain points in traditional supply chain finance, in addition helping supply chain finance to break the bottleneck and develop innovatively .


Token Introduction:

Genesis Blockchain comes with dual tokens: GS token and GC token.

Equity Token：GS Token
It could be approximately regarded as the “stock” of Genesis Blockchain.

The GS token is produced by mining in Genesis Chain，and it is the value of the underlying and equity certificate among numerous application links and circulates in a variety of application scenarios such as transaction, mining, reward, punishment, voting, dividend, and lending around the ecosystem of Genesis Chain. GS is a token equipped with a mechanism of supplying by Dynamic Deflationary, which calculates the mining output of GS token in real time by multiplying the baseline of exponential decay by the floating coefficient according to model of the actual business demands.

The total number of GS token issued in the previous two years would be 200-300 million.

Payment Token: GC Token  
It can be approximately regarded as the "credit" of Genesis Blockchain.

The GC token is an algorithmic stable token applied around the ecology of Genesis Chain, with mechanisms of none external asset pledged, issuance by decentralization, as well as a stability maintenance mechanism of algorithm-driven. GC token is used for consumption and transaction scenarios on and off the chain.

Issuance Mechanism of GC: As what is written in an exclusive smart contract equipped with Genesis Chain naturally:
GS is Pledged to lend GC; GC is return to redeem GS.

Genesis Chain is naturally equipped with an exclusive smart contract, which contains the interest rate model of GC’s lending as GC’s mechanism of self-stabilization. The specific interest rate is determined by the following two aspects:
A.An establishment of an intelligent adjustment model is applied according to the CPI (Consumer Price Index) of blockchain’s ecological;
B.A market-oriented adjustment model is introduced according to the relationship between supplies and the demands.
The exchange rate between GS and GC is determined by the decentralized exchange that is self-equipped by the blockchain.

The exchange rate between GS and GC is determined by the exclusive decentralized exchange that is self-equipped by the blockchain.


ABOUT Genesis：

Web:    www.genesischain.io
Twitter:  https://twitter.com/GS_Blockchain1
Medium: https://medium.com/@GS_Blockchain
Reddit:   https://www.reddit.com/user/Genesis_chain
Telegram: https://t.me/GSBlock_Global
Linkedin:  https://www.linkedin.com/in/blockchain-gs-9643a821a/

Hello, website link: http://www.genesischain.io

Business Model - Blockchain 3.0 World Computers
  As an integrator of the excellence in the era of Blockchain 3.0, GS is dedicated to the implementation of globally decentralized and ownerless technology computer to execute point-to-point contracts. Popularly, GS is a world computer that you can never shut down. An innovative combination of Crypto architecture and Turing-complete creates the most viable tools by utilizing blockchain technology to execute smart contracts, thereby facilitating the emergence of a number of new industries that eliminate the third-party role in censorship, fraud and online collaboration. Compared with ETH, the representative work of blockchain 2.0, GS is equipped with a higher scalability, faster transaction processing speed, more stable and long-term operation of all nodes, stronger security protection, more reasonable transaction’s cost mechanism and with a perfect business model. These innovative and excellent indicators will enable GS to truly operate efficiently in areas such as Decentralized Applications (DAPP), Decentralized Finance (DEFI) and Non-Fungible Tokens (NFT). The age of GS has brought us a trusted world computer of the world. With the impact of GS, the commercial civilization has reached to a new standard, and the folks have been capable of sharing common benefits. 

Certificate of Interests — GS
  Consumption mining of GS is the most significant part around GS Public Chain (Genesis Chain)’s ecology. GS has put the construction of consumption mining ecology in the first place of project expansion since the very beginning. The purpose of the mining model designed in this paper is to enable GS to continuously attract the participation of consuming miners, which is ought to ensure an increase of computing power around the whole network and as well as a promotion of the growth on the whole ecological value.
The early consuming miners can obtain considerable economic benefits by participating in the test network and the consuming mining behavior of the early main network phase. At the end of the testing phase, the early consuming miners are expected to continue participating in mining and serving the community for a long run, and become an ecological node to guide the subsequent consuming miners into. At the same time, GS consuming mining model avoids an excessive concentration of early mining interests to the head miners; that is to say, GS is trying her best to maximize the guarantee of decentralization, and reserves a higher income space for the miners who enter the consumption process later. 

GS blockchain, the world’s first cross-border public dividend chain, officially unveiled. GS blockchain is jointly initiated by Yahoo, genesis. X laboratory, TELUS security laboratory, etc., and promoted by the core members of the transnational joint technological innovation laboratory from Silicon Valley. GS is committed to building a point-to-point trading mode without borders, and creating a larger network and more efficient trading system.
 
Technical features of GS blockchain
GS blockchain took the lead in proposing the basic platform of the distributed chain network system. In addition to the distributed ledger framework of GS blockchain itself, it provides support of the implementation of blockchain systems under different governance modes, besides, it is capable to cooperate with different chains from diversed business fields and regions through various protocols of GS blockchain, and is able to form cross-chains and cross-links of various heterogeneous blockchains and traditional information systems-crossing system interaction mapping. Therefore, GS blockchain innovatively proposes a matrix three-dimensional grid architecture - Super fusion chain network structure.
 
GS blockchain provides fault tolerance for the consensus system composed of N consensus nodes. This fault tolerance includes both security and availability. It can resist general faults and Byzantine faults, and is suitable for any network environment.
 
At the same time, GS blockchain is committed to implementing global decentralized and ownerless digital technology computers to execute point-to-point contracts. Generally speaking, GS is a world computer that you can’t turn off. The combination of encryption architecture and turing’s complete innovation establishes the most feasible tool that can use blockchain technology to execute smart contracts, which will promote the emergence of a large number of new industries. This innovation eliminates the third-party role in censorship, fraud and online cooperation. Compared with ETH, the representative work of blockchain 2.0, GS is equipped with a higher scalability, faster transaction processing speed, more stable and long-term operation of all nodes, stronger security protection, more reasonable transaction cost mechanism and with a perfect business model. These innovative and excellent indicators will enable GS to truly practice the efficient operation in the fields of Decentralized Application (DAPP), Decentralized Finance (defi), Non-Fungible Token (NFT), etc.

Business Model - Consumption Mining
• An acquirement of computing powers through the process of consuming —— Computing powers could mine tokens —— Tokens distribute dividends;
• Provide huge consumption flow for online and offline shopping malls, with a more authentic evaluation information, more transparent product information, safer shopping process and more credible business behavior;
• Based on the operation concept of  "consumption means investment and transaction means dividend", GS changes the buyer-seller relationship, promote the deeper integration between the buyer and the seller, and creating a more sustainable consumption viscosity;
• Ensure that consumers can achieve a more cost-effective consumption experience , discounts and rebates, with more tangible benefits and diversified rights and interests, which turns out a realization of consumption profits;
• A Dual-token mechanism of "pledge + redemption" , with a dividend token as a value carrier and a consumption token as the consumption medium, which leads to a deep integration of the real economy and token economy;
•Promoters of ecological construction is expected to win an instant rewards and as well long-term ecological benefits. Furthermore, GS link a wider range of consumer groups for various industries.
 
To sum up, GS blockchain represents the integrator of business 4.0 + technology 4.0, exploring global decentralized and ownerless digital technology, and is designated to opening up a new business era called the blockchain 3.0!