2020 has been a year full of surprises in the world of cryptocurrency. The renewed interest in the market has brought fresh eyes to old projects and shown a spotlight on new ones. Geeq is an example of the latter and is making steady progress on both its product and token.
We have written about Geeq in the past but will provide a brief summary of the project. The objective of Geeq is to create an entirely new blockchain structure and protocol. Instead of relying on a traditional blockchain that uses overall chain length for authenticity, Geeq uses a variety of chains operating in tandem. Each chain operates independently, lowering the overall size and allowing for scalability. This new paradigm is necessary when creating a blockchain for both public and enterprise use due to increased security concerns.
Perhaps the most intriguing aspect of Geeq is that it was invited to speak at DARPA in 2019 on blockchain security models. Only a few projects have been asked to attend, let alone speak to the staff at DARPA. The feedback from that meeting helped the team fine-tune the current model to better deal with current threat models.
Eyes on Geeq
Interest in the token has been encouraging, considering that it just launched last week. According to Etherscan over 1,000 addresses now hold the GEEQ token and it is now trading on a number of exchanges now, including Uniswap, Poloniex, and BitMax. The token opened at $0.25 and is trading now at an average of around $4.00. Furthermore, staking for GEEQ will be available on BitMax soon.
As we have seen this year, Uniswap is becoming a hotbed for new projects and tokens. GEEQ, PIE, and TEND, have all found a home on the exchange which allows projects to be listed without paying the high listing fees associated with centralized exchanges.
Interest in the project is expected to increase as announcements are forthcoming. Though there is no main-net client available, it is on the roadmap. In the meantime, the team is very active on its Telegram channel.
*Disclaimer – Geeq are our Media Partners and therefore this content is sponsored by them. The fees paid by this project are used to pay for The Daily Chain salaries, dev work, hosting services, travel expenses, etc. that are required to make this company a success and continue to provide the community with great content on a daily basis.