GSTAR

GOX was started with an aim of applying the concepts of Coin and Token in real life. Gstar defines some parts of the cultural industry in the real world as the GOX community and brings them into the mobile phone to structure GOX's ecosystem that links to the GOX. The GOX will flow through the ecosystem and will play a role in linking the GOX ecosystem within the community, between the communities, and with the real world.

PROS:

• GOX can be used in online games. Web-based mobile games do not need to be downloaded from Google or the Apple store, unlike application-based ones. It combines a mobile game with block-chain technology to launch a mining game.
• The project team will hold a biennial audition program with over 3 million people including volunteers, their friends and family are participating in 5 countries. All of them will become GOX users and GOX will be applied to all transactions that accompany the audition process, including participation fee, prize, and advertising expenses.
• Gstar is planning to build a new internet broadcasting ecosystem using GOX. By applying GOX to internet broadcasting, viewers will be assured that their gifts will be transmitted to BJ safely, and BJ will be able to steadily immerse in the program, which will further stimulate the internet broadcasting industry.
• GOX is the cryptocurrency of GS algorithm based on the block chain. The total amount that can be mined is about 10 billion. The GOX is more secure than Bitcoin or Dash, and the block chain ledger update rate is very fast, at 1 minute. The transaction speed of GOX will be only a few seconds in early days.
• Since the GOX will work in conjunction with a reliable bank, the node will not be kept unless the bank permits. The difference between the GOX and other cryptocurrencies is that GOX is actually used offline and generate demand.
• The Gstar may issue additional tokens for extensive use of GOX. The issuance of tokens is a means of assisting the use of the GOX. They are also planning various revenue models for GOX owners.
• Gstar team members include internet broadcasting program planners and participants.

CONS:

• The project whitepaper lacks specific and important data on the terms of investment, the value of the GOX coin, the compensation system, etc.
• The platform token doesn’t give its owners a right to take part in a decision making process.
• Gstar project is still under development, so the final product may be different from the ideas described in the whitepaper.

SUGGESTIONS:

• Rewrite the WP to make it more informative and understandable for potential investors.
• Motivate GOX token holders by engaging in the decision-making process.
• Develop and improve the Gstar concept to make the project competitive and viable.

NOTE:

GOX started with an aim of applying the concepts of Coin and Token in real life. GOX has created a coin for public use by reducing the fee and transmission cost. In addition, it has built a system that can process thousands and tens of thousands of transactions per second by reducing the transaction time. The GS algorithm was developed in more various ways than Bitcoin, and security is improved. This project seems to be promising, but due to lack of information, I would not invest in it.