GCOX is the world's first blockchain-powered platform that allows the popularity of celebrities to be tokenised and listed. Through GCOX, celebrities can now capitalise on their popularity and reach out to their fans. At the same time, the public can gain more private and exclusive access to celebrities of their choice. While supporting their celebrities, the public can also enjoy the social interaction utility of the tokens they hold. Therefore, GCOX provides a new avenue for participants to see the limitless business potential and immense possibilities brought forth by ACCLAIM Tokens (ACM) and Celebrity Tokens. Celebrities already onboard include boxing superstar Manny Pacquiao and football legend Michael Owen.
GCOX offers a platform that uses blockchain technology to create and trade Celebrity Tokens. This enables celebrities to unlock the value of their popularity by creating and selling their own Celebrity Tokens on the GCOX Platform. Fans will be able to gain privileged access to their idols by purchasing Celebrity Tokens of their idols. The listings of Celebrity Tokens on exchanges will provide an objective indication of their popularity, seen through the market capitalisation of their Celebrity Tokens as determined by open market forces. The utilisation of these Celebrity Tokens depends on the potential and promise of the celebrities concerned, the size of the community on the platform, the degree of user activity and market acceptance, as well as the participant's choice of potential projects. While celebrities who list their popularity on the platform will have their own personal Celebrity Tokens, the ACCLAIM Token is the native token of the platform.
The word ‘Celebreneur’ is an amalgamation of two words; (i) celebrity, and (ii) entrepreneur. GCOX aims to be the springboard for celebrities to enhance their entrepreneurial spirit and become a successful entrepreneur or in their case, a celebreneur.
There are three programmes within GCOX's Celebreneur platform. They are: 1. Celeb-merchant; 2. Fan-merchant; 3. Celeb-auction.
1. Celeb-merchant provides celebrities with a platform to enhance their existing businesses or product lines, and encourages them to venture into entrepreneurship. This platform will allow celebrities to conduct transactions of goods and services for their existing businesses.
2. The Fan-merchant programme will provide opportunities for fans to be merchants on the platform of their favourite celebrity subject to their agreement. It is also able to leverage on celebrities’ tokens for payment.
3. The Celeb-auction programme will allow celebrities can auction their items or memorabilia through this program. There will be standard items and special items to be auctioned. The item will go to the highest bidder after a set time has passed.
The Acclaim blockchain is in turn based on the NEO blockchain with 15- 20 second blocks and Delegated Byzantine Fault Tolerance (“dBFT”) consensus mechanism. dBFT is a Byzantine fault-tolerant consensus mechanism that enables large-scale consensus participation through proxy voting to select a group of consensus nodes. Core level features such as a Decentralised Exchange (“DEX”) will be inbuilt natively on Acclaim blockchain to enable users to easily trade tokens with privacy and complete freedom in a standard and seamless way.