Key Takeaways
- GXChain has rebranded to REI Network, marking a strategic shift in focus.
- The original GXC token’s relevance has faded, with reduced market activity and adoption.
- Price dropped 55% in 24 hours, reflecting low demand and unclear project direction.
Once a notable player in the decentralized data economy, GXChain (GXC) is now facing steep declines in both relevance and market performance.
Alleged police raid in Hangzhou
The Alleged police raid on GXChain in Hangzhou, which led to the arrest of executives and a subsequent price drop, sparked a major controversy rooted in the company’s alleged sale of personal credit data.
Archived medium article: FAQs for $GXC-$REI Token Swap
Following this, the project underwent a complete transformation, rebranding to REI Network (REI) and initiating a token swap. This transition left the legacy GXC token with diminished utility, liquidity, and a history of controversy.
From Data Exchange Pioneer to REI Network
GXChain’s original vision was to serve as a fundamental blockchain for the global data economy. It developed infrastructure such as G-ID, GVM, BaaS, and Blockcity, attracting over two million verified users at its peak. Its decentralized data marketplace even served hundreds of Chinese enterprises.
The pivot to REI Network was intended to make the ecosystem EVM-compatible, allowing broader integration with Ethereum-based applications. While technically forward-looking, the rebrand has left the original GXC token in limbo, with reduced liquidity and community engagement.
Market Highlights
Currently, GXChain (GXC) is priced at $0.961844, marking a 55.26% drop over the last 24 hours. No recent trading volume data is available, suggesting very limited market activity.
GXC now ranks #6385 on CoinMarketCap, with its market cap data currently unreported. Circulating supply information is unavailable, while the maximum supply remains 100 million GXC. This lack of transparency and trading activity signals a major decline in token utility and investor interest.
Final Thoughts
GXChain’s story reflects the risks of rapid technological pivots in the blockchain space. While its rebrand to REI Network may position it for future growth, the original GXC token has been largely left behind. For existing GXC holders, the lack of volume and sharp price declines highlight the need to carefully consider swap opportunities or exit strategies.
Frequently Asked Questions
What happened to GXChain?
GXChain rebranded to REI Network, shifting focus to an EVM-compatible blockchain ecosystem.
Is the GXC token still supported?
While some markets still list GXC, its liquidity and relevance have dropped sharply after the rebrand.
Should I swap my GXC for REI?
If supported by your exchange or wallet, swapping may be advisable, as the REI Network is now the project’s active blockchain.
