The value of ERC-20-based GET issued is linked to expanding the network value of the entire ecosystem. To foster the growth of this ecosystem’s value, GESIA Chain rewards those who have contributed to the ecosystem with various smart contract usage fees and transaction fees. Reward programs will be carefully designed to incentivize more community members to participate. The company that will be responsible for the initial development of the GESIA platform and business is Green Social Wave Company Limited(GSW).
GSW was first conceptualized by Ellis Ahn, a fashion model, influencer, and millennial herself, with renowned and respected professors who have advised her on the current status of environmental movements of companies and blockchain experts who also share the vision of Ellis. Soon after, many seasoned people in various sectors joined GSW to improve society. Separately, the Green Earth Community Foundation, which consists opinion leaders from academia, politics, related organizations, business, etc., will be established for research and policy development necessary for the growth of this project.
GET Basic Points Table
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Who Are The Founders of GET
The green technology industry strives to provide more environment-friendly ways and means throughout the life cycle of goods and services. It is not limited to simply switching to alternative energy sources but includes a technology enabling energy consumption reduction by harnessing the energy management system research, agricultural reengineering, material science, hydrogen power, and other related technologies. Moreover, many of these new green technologies are aggressively aiming to restore the earth by recapturing greenhouse gas, reforestation, re-soiling, etc.
Hybrid Smart Contracts and Oracle Services?
GESIA Chain obtains a variety of external information for on-chain services through blockchain oracle services and provides participants with useful information when making decisions. For example, when executing an investment, a company requesting investment verifies that the planned investment performance results and plan information are in accordance with the investment plan promised in advance by two or more experts, and the investor agrees to the final voting result through which you can execute your investment.
Anyone who wishes to participate GESIA Platform may procure the ERC-20 standard token, GET, which will be listed on several virtual asst exchanges and decentralized exchanges for easier access by members. The primary role of this token is to function as a channel to participate in the GESIA ecosystem. This token can be exchanged with third-party stable tokens, which have the same value as fiat currency, required for purchasing carbon offset credits and for external transactions such as green technology investment DAO.
A Open Platform for Hash Time Lock
In order for the Green Earth Chain to work, GET issued from the public network and its own GEC must be exchanged. In this case, the Hash Time Lock function, a kind of smart contract, is used. A hash time lock is a combination of a time lock that delays the execution of a contract by a certain amount of time and a hash lock that executes/ends a contract only when a certain hash value (other transaction termination value) is presented.
A service that provides external information in real life to a smart contract is called a blockchain oracle, and a hybrid smart contract is a combination of on-chain code and off-chain oracle. Through the Oracle service, various information is delivered to participants and provided to be used when making decisions. Based on the investment plan information, two or more experts verify whether the investment plan is in line with the investment plan, and the investment can be executed through the final voting result.
Why Choose GET.
When GESIA members participate, an NFT Green Activity certificate is issued to the participating members through the blockchain’s Proof of Attendance Protocol. At this time, the geographic information of the area where the project is conducted is attached to the NFT certificate so that participants can observe changes in the area with continuous interest. In addition, a certain amount of tokens are provided as a reward for such participation based on the value of the project’s carbon offset credit.
Where Can You Buy GET (GET)?
Tokens Can Be Purchased On Most Exchanges. One Choice To Trade Is On BitMart, As It Has The Highest GET/USDT.e Trading Volume, $8,947 As Of February 2021. Next is OKEx, With A Trading Volume Of $6,180,82. Other option To Trade Include GET/USDT And Huobi Global. Of Course, It Is Important To Note That Investing In Cryptocurrency Comes With A Risk, Just Like Any Other Investment Opportunity.
GET Supported Wallet
Several Browser And Mobile App Based Wallets Support GET. Here Is Example Of Wallet Which Support GET – Trust Wallet For Hardware Ledger Nano.