Join the Genaro Network Blockchain 3.0 Ecosystem

3 min readNov 1, 2017

What are Genaro Network and the Blockchain 3.0 Ecosystem, and why are blockchain applications building on it?

Genaro Network is a global blockchain ecosystem development project based in Singapore. Genaro has pioneered the concept of Blockchain 3.0, a platform built around the first Turing-complete public chain with decentralized storage network. This means blockchain developers have a one-stop solution to deploy smart contracts and store data simultaneously.

The technological ecosystem will contribute to blockchain infrastructure technology development and is supported by a series of Hubs with an in-house Accelerator, being established in Singapore, Shanghai, Seoul, Moscow and Silicon Valley. This combined system of technology standards and infrastructure will enable incubation of hundreds, and then thousands, of decentralized applications (DAPPs) built on the Genaro Network, becoming the first app store of the blockchain.

The Genaro Public Chain uses PoS (Proof of Stake) as consensus, and creatively uses the SPoR (Sentinel Proof of Retrievability) algorithm as its storage consensus, which could increase both public chain scalability and file transferring speed. Moreover, Genaro applies game theory to a sharing economy business model, thereby establishing a fairer rewards system for nodes and provides end users with a private, efficient, economic, secure and permanent storage space and sharing community.

Genaro Hub and Accelerator Timeline

The Genaro Network decentralized storage MVP is already accomplished. To request a demo, please contact us.

The Genaro Network beta version will be released in early December, after which blockchain applications could start to be built on it. We recommend talking to us as early as possible so the Genaro development team could help fit your need best.

The first Genaro Hub will be ready for moving in by early December as well. We provide co-working space, blockchain community events and meetups, technology tutorials and instruction on how to build applications on Genaro, and more. We currently plan start with Singapore, followed by Shanghai, Seoul, Moscow and Silicon Valley, but more locations will be planned later in 2018.

Genaro Network Business version will be released in the summer of 2018 and all previous DAPPs on Genaro will be transferred the Business version. This will be handled by the Genaro development team.

More incentives to join Genaro Network

Genaro issues a token known as “GNX”. GNX is a utility token. It is like the oxygen that powers the brain and heart of the Genaro Network. It is of course used by the storage platform as well, as a way to compensate and pay for leasing space, but GNX is going to be scalable across all of the DAPPs on the Genaro Network, allowing people and organizations to use them in multiple places and creating a parallel economy. Of course, some DAPPs will use their own tokens and that’s fine as well; we will create convertibility mechanisms to allow GNX to be exchanged for other tokens and vice-versa.

The total supply of GNX is 700,000,000 and 9% (with 63,000,000 GNX) will be allocated for building up Blockchain 3.0 Ecosystem including Genaro Hub and Genaro Accelerator. For DAPPs built on Genaro, they will receive certain amount of GNX as reward and the amount depends on the complexity and popularity of the DAPP.

How to join the Genaro Network ecosystem and what are the qualifications?

For any blockchain DAPP or other application that wants to join the Genaro ecosystem, please send following information to join@genaro.network

- Project Name and short description

- Project website, whitepaper and GitHub link

- Project social media links (e.g. Twitter, Facebook, LinkedIn, Slack, Reddt, etc.)

- Do you issue your own token, and if so, What is the role of the tokens in the project?

The more information you provide the better, and the Genaro ecosystem council will evaluate your project accordingly. All mature projects are welcome but we also understand that the blockchain industry is still developing, so in some cases you do not need to have a solid product but you do need to have solid idea, research, and current or potential team members.

Cheers

The Genaro Ecosystem Council

For more information about Genaro Network

Website ：https://genaro.network/en/

Whitepaper：genaro.network/en/whitepaper/

Business Plan：genaro.network/en/business_plan/

GitHub：github.com/GenaroSanada

Twitter：twitter.com/GenaroNetwork

Facebook： www.facebook.com/GenaroNetwork/

LinkedIn： www.linkedin.com/company/genaro-network

Reddit： www.reddit.com/r/GenaroNetwork/

YouTube：www.youtube.com/channel/UCPkSHMmIM8WONHyRL00mwQg/featured