GEAR
Reputation Ratings

GEAR

Gearbox Protocol 1-2 years
Cryptocurrency
Website https://gearbox.fi/
Browser
OTH RELPs
White Paper
GEAR Avg Price
0.00%
1D

$ 0.0119 USD

$ 0.0119 USD

Market Cap

$ 116.485 million USD

$ 116.485m USD

24h trading volume

$ 932,102 USD

$ 932,102 USD

7d Vol

$ 20.781 million USD

$ 20.781m USD

Circulating supply

10 billion GEAR

Related information

Issue Time

2022-12-23

Platform pertained to

--

Current price

$0.0119USD

Market Cap

$116.485mUSD

Volume of Transaction

24h

$932,102USD

Circulating supply

10bGEAR

Volume of Transaction

7d

$20.781mUSD

Change

24h

0.00%

Number of Markets

44

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Current Rate0

Available

0.00USD

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GEAR Price Chart

Introduction

Markets

3H

0.00%

1D

0.00%

1W

0.00%

1M

+102.09%

1Y

+11.15%

All

-52.46%

Gear is a cutting-edge cryptocurrency project that aims to revolutionize the Polkadot ecosystem with its innovative smart contract capabilities. Gear functions as a parachain within the Polkadot network, offering a platform for developers to deploy a variety of decentralized applications (DApps) such as DeFi, DAOs, NFTs, and supply chain management systems. The project is distinguished by its support for asynchronous programming, parallel computing, and the use of the WebAssembly (WASM) virtual machine, which positions it to offer significantly higher transaction processing speeds and lower costs compared to traditional Ethereum Virtual Machine (EVM) chains.

Led by CEO Nikolay Volf, a former core developer at Parity Technologies and a collaborator with Polkadot's founder Gavin Wood, the Gear team brings a wealth of experience in blockchain development. The project has made notable progress, including the completion of a $12 million private funding round with investments from Blockchange Ventures, Three Arrows Capital, and other prominent players in the blockchain industry.

Gear's technical architecture is designed to support parallel task processing and asynchronous programming models, potentially allowing its transaction per second (TPS) capacity to surpass that of many other blockchain networks. The use of WASM also broadens the range of programming languages supported for smart contract development, making it more accessible to a wider array of developers.

With its ambitious goals and strong foundational support, Gear is poised to become a significant player in the Polkadot ecosystem and contribute to the broader adoption of Web3 technologies.

User Reviews

More

6 ratings

Participate in evaluation
Wasana Anumas
The utility of GEAR lacks practical real-world application and potential problem-solving capabilities, hindering its market demand and overall usefulness.
2024-04-23 15:41
0
Nontaleebut Panupong
Regulation uncertainty may hinder future growth, impacting investor sentiment and project development. Proactive strategies needed for long-term success.
2024-03-20 13:40
0
SuriVulus
The tokenomics of this project showcase potential for sustainable growth, but lack clear inflation/deflation mechanisms. Room for improvement in economic sustainability and market dynamics.
2024-04-21 14:09
0
Lê Đặng
Exciting potential in future regulatory landscape, poised to make a significant impact. Strong fundamentals and community support driving growth.
2024-06-18 13:52
0
Chamnan Sothy
The project has a solid foundation in blockchain technology, offering scalability and anonymous transactions. Its practical applications and strong consensus mechanisms address market needs effectively. The experienced team's transparency and track record inspire trust in the community. The tokenomics ensures sustainable economic growth and security measures protect against vulnerabilities. Potential regulatory challenges are being carefully monitored. With a vibrant community and low volatility, the project shows promising long-term potential for growth.
2024-07-06 09:33
0
fer
Impressive tech, solid team, strong community support, promising future impact. High adoption, sustainable economics, noticeable differentiation. Emotionally engaging, active development, potential for long-term growth. Exciting potential, consistent performance, reliable security measures. Future regulatory considerations, market demand, inclusive approach.
2024-07-03 12:30
0

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