Geeqchain (GEEQ) is a multi-chain platform that is laser-focused on securing its users’ most valuable data in a manner that is accessible by the Internet of Things (IoT) devices, and flexible enough to be used for other purposes on the blockchain.
Today, we will be taking a deep dive into Geeqchain to understand what it is and how it functions. This article will also explore the blockchain’s native GEEQ token about what purpose it serves, and make price predictions before determining whether it is a credible cryptocurrency project to invest in.
So, without further ado, let us get started.
What is Geeqchain (GEEQ)?
Geekchain is an interoperable blockchain secured by a patented proof-of-honesty (PoH) consensus algorithm. The network is designed from the ground up to provide foundational security.
All transactions on Geeqchain start with a genesis block, or block number 0. Verified transactions are turned into blocks by the nodes and added to the network sequentially.
The genesis block is created by the nodes at the request of developers and will include all the code that will run the validation and application layers they require.
This way Geeqchain’s PoH consensus prevents duplicate chains and tokens, ensures that each chain adheres to the mainnet’s transaction validation protocols, and sets the rules by which the network will operate.
Individual blocks on the chain can be customized for efficiency and costs, the flexibility of decentralized applications (DApps) and smart contracts, and interoperability, among others.
How does Geeqchain work?
Geeqchains consist of two completely separate blockchains that work parallel to the mainnet, on which the nodes validate transactions. This unique approach allows Geeqchain to be flexible and adaptable to changes in blockchain technology, without sacrificing security.
The process of verifying transactions on Geeq is rather simple. The chain contains only accounts in GEEQ tokens, and all transactions on the network are handled in the token. GEEQ can be used to pay fees to nodes for validating transactions, and for running virtual machine services.
DApps on Geeq are configurable and can support business logic, smart contracts, native tokens, and specialized data elements that suit any use case. For example, if an application layer on Geeq is programmed in Solidity, then it will allow Ethereum smart contracts to be ported into the mainnet.
What is the GEEQ token?
GEEQ is the native utility and governance token of the Geeqchain network. The token is used to pay the nodes for validating transactions and virtual machine systems for the services they provide that keep the multi-chain ecosystem intact.
GEEQ is also used as a staking token to provide liquidity to the network and help nodes validate and add transactions to the network. The cryptocurrency is also suitable for use in micropayments and other payment applications.
The supply of GEEQ is capped at 100 million tokens, out of which, 48.5 million GEEQ are currently in circulation.
GEEQ Price Prediction: 2024, 2025, 2030
At the time of writing, GEEQ is trading at $0.2423 – up 42.3% in the last 24 hours.
Based on its current valuation, GEEQ is forecasted to trade within the price range of $0.244307 on the lower end and $1.141009 on the upper end this year. If Geeqchain can reach its higher price target, then it could gain 371% in value.
For 2025, the price prediction for GEEQ remains unchanged from the 2024 forecasts.
However, in 2030, Geeqchain is expected to trade between $0.601229 and $0.974840 on the higher end. According to the price prediction charts, if GEEQ manages to reach the upper price target during that year, then it could gain over 300% in value.
Where to buy GEEQ tokens?
GEEQ token can be traded on the following cryptocurrency exchanges:
Is Geeqchain a credible cryptocurrency investment?
Geeqchain is a multi-blockchain platform that aims to address the various issues posed by blockchain systems, such as security and transaction costs, to encourage the mainstream to adopt the technology.
The protocol is designed from the ground to serve any blockchain-based application, allowing enterprises and individuals to integrate fintech, game tech, non-fungible tokens (NFTs), and micropayments, among other use cases.
It is laser-focused on ensuring data reliability between organizations and maintains fully permissioned audit rails so that stakeholders can be sure that all participants on the network work with the same data.
The token’s future price prospects look a little glimmer considering that it has not been widely used in the market. However, there is so much room to grow for the ecosystem and interoperability is key to its success, making it a unique and credible blockchain project.
As is the case with any cryptocurrency, GEEQ is also prone to extreme price fluctuations. Therefore, it is crucial to do your research before investing in Geeqchain.
