GamerCoin (GHX) is the native utility token of the GamerHash platform, designed to reward gamers for mining cryptocurrencies with their idle computing power. Initially created as an ERC-20 token on the Ethereum blockchain, it has expanded to the Binance Smart Chain as a BEP-20 token, enhancing its accessibility and utility. GHX allows users to make purchases in the GamerHash Store, access exclusive events, and participate in AI computations, fostering a robust community centered around gaming, blockchain, and AI.
GamerCoin (GHX) is the native utility token of the GamerHash platform, which allows users to mine cryptocurrencies using their gaming PCs. The token serves several purposes within the ecosystem:
- Rewarding Users: GHX is used to reward users for contributing their GPU power to the platform. Users can earn GHX tokens by running the GamerHash software on their computers, which utilizes their idle computing power to mine cryptocurrencies.
- In-Platform Activities: GHX is used for various activities within the GamerHash ecosystem, such as accessing features in the Play & Earn module and potentially providing discounts on marketplace purchases.
- Purchasing Items: GHX can be used to purchase items from convenience stores, such as food, beverages, and household items, through partnerships like the one with Zabka convenience store chain in Poland.
- Exclusive Access: Owning GHX tokens grants users exclusive access to dedicated competitions and events.
- Exchange: GHX can be exchanged for other cryptocurrencies like BAT, TerraUSD, and Graph.
Overall, GamerCoin is designed to provide a seamless and rewarding experience for gamers while leveraging their idle computing power for blockchain mining and other tasks.
To store GamerCoin (GHX) tokens, you have two primary options:
Store in Your KuCoin Account:
- Holding your GHX in your KuCoin account provides quick access to trading products like spot and futures trading, staking, and lending. KuCoin serves as the custodian of your crypto assets, which means they manage the security of your private keys. Ensure you set up a strong password and upgrade your security settings to prevent unauthorized access to your funds.
Hold in Non-Custodial Wallets:
- For enhanced security, you can withdraw your GHX to a non-custodial wallet, which grants you complete control over your private keys. You can use various types of wallets, including hardware wallets, Web3 wallets, or paper wallets. This option may be less convenient if you wish to trade your GHX frequently or put your assets to work. Be sure to store your private keys securely, as losing them may result in the permanent loss of your GHX.
To buy GamerCoin (GHX) tokens, follow these steps:
Choose a Crypto Exchange: Select a reliable exchange that supports GHX, such as KuCoin, MEXC, or Gate.io. Ensure the exchange accepts customers from your country and offers the trading features you need.
Create an Account: Register a free account on the chosen exchange, providing necessary personal information. Complete KYC (Know Your Customer) verification if required to increase withdrawal limits and unlock additional features.
Deposit Funds: Deposit funds into your account using a credit or debit card, or transfer existing cryptocurrencies. You can also buy stablecoins like USDT and then use them to purchase GHX.
Place a Buy Order: Decide whether to use a Market Order or a Limit Order. Market Orders execute quickly at the best available price, while Limit Orders specify a maximum price to buy at.
Store Your GHX: Once purchased, store your GHX tokens in your exchange wallet or transfer them to a personal wallet for added security.
Monitor Your Investment: Keep track of your GHX investment performance and adjust your strategy as needed.
