$GO

GO is the cryptographic token that powers the GoChain network. Every transaction sent to the network requires GO for the transaction fee.




The $GO Token fuels the GoChain Network

Faster, less costly and more scalable than any other digital asset, $GO is the cryptographic token that powers the GoChain network. Users, businesses, and developers use $GO to pay for network services, such as running a smart contract, storing a file, or transferring tokens. For each transaction submitted to the network, $GO is used to compensate network nodes for bandwidth, compute, and storage.

1,300+ transactions per second

$GO tokens can be transferred at high volumes using GoChain’s scalable blockchain network. By comparison, Ethereum only supports ~13 transactions per second.

<$0.0001 USD average fee

Send 100,000 transactions on the GoChain blockchain for less than $1 USD. $GO is a leader in transaction fees due to its Proof of Reputation consensus.

3-5 second confirmation time

Unlike Bitcoin transactions which settle in 10 minutes to 1 hour, $GO transactions settle in less than 5 seconds.

Purchase and store your $GO tokens

PURCHASE $GO ON AN EXCHANGE
STORE $GO ON A DIGITAL WALLET

What is $GO used for?

$GO powers GoChain’s third generation public blockchain.

Users, businesses, and developers use $GO to pay for network services, such as running a smart contract, storing a file, or transferring tokens. For each transaction submitted to the network, $GO are used to compensate network nodes for bandwidth, compute, and storage.

$GO is identical in its use to Ethereum’s token, $ETH, which is often called the “gas” of the Ethereum blockchain. Similar to how a person must utilize gasoline or petrol to operate a vehicle, the GoChain network requires $GO tokens to operate.

Transaction fees protect the network

Simply put, tokens protect networks from abuse and DDoS attacks.

Blockchains, and networks in general, are scalable to a certain capacity. While GoChain has a significantly higher capacity (100x) than its peer network, Ethereum, there is always the possibility a malicious actor could potentially run a script using multiple computers to bog the network down by making 1,300 transactions of worthless information every second and deny service to everyone else.

This kind of thing does happen often with traditional networks. We see it most often in the form of DDoS (distributed denial of service) attacks against websites. So how do you stop it?

As we mentioned, executing transactions on the GoChain network requires the user to spend $GO tokens. So long as tokens are not free to acquire, the bad actor conducting the attack would have to invest a significant amount of capital in attacking the network to deny service to others. For every minute of they attack, this would cost nearly 100,000 $GO tokens.

How do I purchase GO?

$GO tokens can be purchased on a variety of exchanges and currency exchange systems. GoChain does not endorse or recommend one exchange over another. To view a list of exchanges or services see below.

Exchanges

GoChain strives to be listed on as many reputable exchanges as possible to keep the currency as liquid and accessible as possible.

*We do not endorse or recommend any exchanges. Users should conduct their own research prior to engaging in transactons on an exchange.

You can currently purchase GO at the following exchanges:

Wallets & Storage

For the safety of your tokens it is recommended you hold your tokens yourself as much as possible. To make this process simpler on our end users we offer a wide range of support for both hot and cold wallets.

GoChain is supported on the following wallets: