GSE Network

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About GSENetwork

GSENetwork is a transparent and secure trust network for decentralized economies. It is able to achieve transparency and security by piecing together on-chain information in a decentralised manner to give a tangible value to trust, fabricating an interwoven trust infrastructure for digital economies.

One of the key areas where trust gaps manifested in the digital era, is the global sharing economy. According to a report by PWC, the sharing economy is estimated to grow to $335 billion by 2025. The sharing economy has been growing rapidly due to digitalization, which has led to key issues such as the lack of trust. This gave rise to intermediaries that serve to facilitate different platforms in the sharing economy by verifying users’ identity using their social media profiles. Hence, trust has become a valued commodity that facilitates transactions in the sharing economy.

PROBLEM

Consumers and entities are unable to interact efficiently if trust is not established.

Centralized platforms emerged as a potential solution, but brought along high fees and subjection to censorship. Trust is yet again compromised.

MISSION

We are here to disrupt the current sharing economy with a transparent and secure network powered by blockchain technology

SOLUTION

DService

Providing robust distributed service infrastructure to support sharing economy businesses.

Incentive Model

A revolutionary green-mining approach to mine tokens through user engagement in the sharing economy.

Trust Network

User will be able to determine their own trust profile and receive GSE tokens as incentivization.

Decentralized Service (DService)

We have woven the Decentralized Service (DService) layer into the GSENetwork architecture.

On top of the DPoS Consensus powered main chain, DService core components will be implemented as 4 distributed systems:

Order Dispatching System

Anti-fraud System

Multi-Dimensional User Profile Rating System

Pricing System

By doing so, all the sharing economies DApp built on our network will be able to focus on their core businesses and the network will support them with robust distributed infrastructure.

Incentive Model

Inbuilt usage incentive mechanism that encourages more on-chain transactions:

User

The foundation

Suppliers

GSE holders

Network participants get rewarded for every valid transaction, naturally creating an incentive to record more activities on the blockchain. Incentives will be balanced dynamically based on the ecosystem activity, with the aim to ensure fairness across time periods.

Trust Network

The incentives and tokenomics of GSENetwork are designed to encourage more user interactions and to scale the network effect.

When the network records more user activities and behavior, it creates a trust profile of each individual user. This forms the framework that the network and the users depend on.

Users will get to decide the quality and quantity of data they provide. The more you share, the more valuable your trust profile becomes, the more incentives you get.

GЅЕ TОKЕN

GSENetwork іѕ аlѕо іntrоduсіng thе token оf GSENеtwоrk, andn this іѕ simply referred tо as GSE. The ѕуѕtеm produces a certain amount оf tоkеn іn еvеrу fixed period оf time. Ultimately, this process is ассоmраnіеd bу twо categories оf behavior іn thе system: first, the uѕеrѕ’ раrtісіраtіоn іn the Grееn Mіnіng of thе ѕhаrіng economy and thе other is nоdеѕ’ раrtісіраtіоn іn thе accounting. In еасh сеrtаіn реrіоd, thе рrоduсеd tоkеn wіll bе dіѕtrіbutеd to thеѕе two categories of users based оn сеrtаіn рrороrtіоn.

Token Distribution

All GSE volumes must be 100 billion, with 0,0001GSE as the minimum unit, as follows:

40 percent of GSE will be set aside to build ecosystems such as green mining, strategic partnerships, ecosystem incentives, etc.

20 percent of GSE will be allocated to the Foundation to provide support for community operations

20 percent of GSE will be released to private investors

15 percent of GSE will be allocated to the team

5 percent of GSE will be allocated to advisors

Brief information about the coin:

Token release platform — Ethereum.

Token type — ERC20.

Ticker of the main token — GSE.

Ticker of the internal token — GSEE.

Token distribution:

65% — implementation within the ICO program framework;

5% — bounty-campaign;

10% — reward to the advisers with a 6-month block;

10% — reward to the project team with a 6-month block;

10% — project reserve.

The ICO program:

Pre-sale.

minimum investment amount — 0,1 ETH;

token price — 7875 GSE for 1 ETH;

hardcap — 3818 ETH;

start of sales — May 15, 2018.

The main ICO stage.

minimum investment amount — 0,1 ETH;

token price — 5500 GSE for 1 ETH;

hardcap — 49090 ETH;

start of sales — July 1, 2018.

Distribution of funds collected through the ICO program:

30% — further development of the project platform;

40% — financing the production of NFC-tags;

30% — marketing.

Roadmap:

Past and upcoming development stages of the Gese project:

TEAM MEMBERS

James Zhang

B.S., Nanyang Technological University of Singapore. Former ofo VP of APAC operations, Accenture Consultant where he led mass-scale system integration projects. Certified AWS Solution Architect.

Edward Li

B.S., Peking University. Former ofo Global Marketing VP and part of pioneer team, led global strategic marketing and communications efforts that contributed to the growth of 200mn users globally.

Ady Chen

Ph.D., Chinese Academy of Sciences, Networks and Distributed System. EIR at ZhenFund, founder of several successful VC-backed/exited startups. Early blockchain and crypto investor.

Cedric Pan

MS., Harvard Kennedy School. Former ofo Head of New England. Worked with China’s Development Research Center of the State Council conducting comprehensive policy research for the One Belt One Road initiative.

Sting Liu

MS., The Chinese Academy of Sciences. Technical Director at NetEase, Tech Architecture Engineer at RenRen.com. Big data and search engine expert. Experienced crypto & blockchain coder.

Guoyu Zhao

Accumulated over eight years of technical experience from stints with several of the most prolific international technology giants including Yahoo, Zynga, App Annie and Amazon.

Marian Ma

MBA., University of International Business and Economics. Oversaw co-branding marketing programs for Greater China in Intel, led global marketing efforts for Baidu as Product Marketing Director.

Lei Yu

Veteran technical expert with stints as R&D Engineer in Sohu, leadership roles in prominent technology companies in China as Head of Technology in Baidu and Technical Director at LeTV and ofo.

Harry Toh

BBA Hons., National University of Singapore. Former Product Manager at SEA Group, accumulated vast experience in strategic business development from various stints, including Monitor Deloitte and Enterprise Singapore.

Jorge Guo

MS., Harbin Institute of Technology. Former coder at Lenovo, Accenture, and Qihoo 360. Most recently, he was a Senior Blockchain Engineer at Tron. Vulnerability research and blockchain virtual machine expert.

Jinlong Zhang

Over a decade of experience managing front-end development teams of over ten engineers for global technology and sharing economy companies in China including Qihoo 360, Sina Weibo and Opera.

Yanju Ding

Experienced full-stack engineer and senior technical manager focusing on technical architecture design for global products in prominent technology companies including Baidu and ofo.

Chao Zhang

Vast experience in the design of protocol architecture for international technology conglomerate Alibaba and prominent companies in China including Alibaba, Sohu and Haodf.com.

Fengyang Wang

Fengyang Wang is veteran technical architect with a wealth of experience in NYSE-listed company 58.com and as Technical Director in leading global bitcoin exchange, OKCOIN.

Terry Liu

BS., National Technological University of Singapore. Former Regional Head of Product at ofo leading a portfolio of over ten key markets. Previously part of a team at a VC focusing on technology and gaming.

Wing Zhang

B.Comm., Communication University of China., held senior brand management roles in Baidu and ofo. Spearheaded the widely acclaimed global influencer management program in her stint at ofo.

Sarah Hu

B.S., Beijing International Studies University. Managed overseas expansion for several startups. Previously served in Amazon Web Services and participated in the world's first cloud services adoption process in China.

Amber Yao

Postgraduate degree, Adam Smith Business School. Led the overseas branding activities and managed multiple multinational brand collaborations for prolific sharing economy unicorn ofo.

ADVISORS

Professor Hui Zhang

Professor of Computer Science at Carnegie Mellon University since 1995. Top professor in the field of distributed computing network, and first chinese to be elected as Fellow of Association for Computing Machinery (ACM) in 2006. Co-founder and Chief Scientist of Conviva, video AI measurement and analytics solutions provider.

Professor Chunming Rong

Co-Chair of IEEE Blockchain and Chairman of IEEE Cloud Computing. Extensive experience in research and innovation in the areas of blockchain, security and privacy, cloud computing and data science. Professor at University of Stavanger, and has done incredible work with world-renowned universities around the world including Tsinghua University, Beijing Jiaotong University and Sun-Yat Sen University, University of Oslo and Stanford University.

Kathleen D Kennedy

President of MIT Technology Review and Director of Special Projects at MIT. She has been a long-time judge for the MITX awards and a distinguished juror for Lemelson-MIT prizes, also known as the “Nobel Prize for Innovators.” . Awarded the 2009 Folio: 40, which recognized the most innovative and influential people in magazines and nominated as one of Boston’s Most Influential Women.

Diego Molano Vega

Former Minister of Information and Communication Technology of Colombia, has led Colombia to become one of the top countries in the region in terms of ICT. Member of several boards, such as the International Telecommunication Union (ITU) m-Powering Development Initiative, The Global Innovation Index，the Competitiveness Lab of the World Economic Forum World Economic Forum (WEF).