GBEX is a "Utility Token" and will be used all across the GBEX ecosystem for paying fees, voting or governance. Users benefit from discounts on fees, plus rewards, while using GBEX for transactions. The higher the usage on the various platforms, the greater the amount of GBEX tokens that will be utilized on daily basis. These increases will grow GBEX trading volume organically.
Every single transaction “Rewards” GBEX holders!! Using the GBEX ‘tax & burn’ model, whenever a user transfers GBEX, a 4% tax will be collected – 2% of the those tokens are instantly burned and 2% are distributed back to GBEX holders. Holding GBEX = Passive REWARDS for YOU!! Just sit back, relax and watch your GBEX balance GROW!!
GBEX is a 3rd Generation Token, powered by XinFin. Features like higher transaction speeds at much lower costs, low energy consumption, smart contract support and ISO20022 compatibility are key to provide a safe and sustainable environment for GBEX.
A big advantage for GBEX users or buyers are the low transaction fees.
GBEX has a built-in mechanism to allow max. 0.5% of the supplied tokens per wallet.
By holding GBEX tokens, holders obtain more tokens as a 2% reward goes to them from each user transaction.
Designed in a deflationary way. To begin with, there is a daily tax-and-burn; for every transaction the GBEX smart contract automatically collects 4% tax, from which 2% goes into the user
rewards and the other 2% are burned.
GBEX is a Utility Token which is used for paying fees on various exchange platforms and crypto processing gateways worldwide.
With thousands of members all around the globe, GBEX has the BEST and ever growing community.
GBEX is running on the XinFin blockchain, which uses significantly less energy compared to competitive solutions
The GBEX smart contract was audited by AntiHACK.me and Rug Busters.
with much lower confirmation time and higher transaction rates, using GBEX has never been more convenient.
Based on the revolutionary protocol – XinFin XDC – which can handle more transaction, has a faster confirmation time, offers lower fees and consumes less energy.
Gbex is a XRC20 token only. There is no GBEX Token on BSC or ERC20. Please don’t fall for a scam!
The contract address for GBEX on XDC(XinFin) is: xdc34514748f86a8da01ef082306b6d6e738f777f5a
GBEX is based on the revolutionary protocol – XinFin XDC
eXchange inFinite (XinFin), is a Delegated Proof of Stake Consensus network (XDPoS), enabling Hybrid Relay Bridges, Instant Block Finality and Interoperability with ISO20022 messaging standards, making XinFin’s Hybrid Architecture
Developer friendly.
Interoperable Blockchain Network for Global Trade & Finance which enables Digitization, Tokenization and instant settlement of trade transactions, increases efficiency and reduces reliance on complex FX infrastructures, allowing for increased flexibility in liquidity management for financialinstitutions
| Comparison Criteria |
BITCOIN (BTC) 1st generation |
Ethereum (ETH) 2nd generation |
XinFin (XDC) 3rd generation |
|---|---|---|---|
| Transactions per second | 3-6 | 12-16 | 2000+ |
| Average fee | 15 US$ | 10 US$ | 0.0001 US$ |
| Transaction confirmation | 10-60 minutes | 10-20 seconds | 2 seconds (w/finality) |
| Smart contract support | NO | YES | YES |
| Energy consumption | 71.12 TWH | 20.61 TWH | 0.0000074 TWH |
September 6th, 2021
According to the standard audit assessment, Customer’s solidity smart contracts are “Secured”. These contracts also have owner functions (described in the centralization section below), which does not make everything 100% decentralized. Thus, the owner must execute those smart contract functions as per the business plan.
GBEX
XDC (XinFin Network)
Solidity
globiance.com
We used various tools like MythX, Slither and Remix IDE. At the same time this finding is based on critical analysis of the manual audit.
All issues found during automated analysis were manually reviewed and applicable vulnerabilities are presented in the Audit overview section. General overview is presented in the AS-IS section and all identified issues can be found in the Audit overview section.
We found 0 critical, 0 high, 0 medium and 5 low and some very low-level issues.
This token passes our full audit. The code is safe. There is one "risky factor" in the contract, namely the mint function - but it
has a clear purpose and is transparently communicated. In terms of potential, this is a legitimate business with public people
and a registered company, and it has been around for a couple of years. It seams like they are in an aggressive expansion
phase, with their app launching soon to name one example. We see much potential in this token.
