While Gewel is powerful under the surface with leading edge cryptocurrency features, above the surface it is simple and user friendly. Gewel will allow anyone irrespective of their technical abilities to download the Gewel wallet with a few clicks and send or receive funds instantaneously and privately. While Gewel will continue to push the boundaries of blockchain innovation, it will always endeavor to provide a cryptocurrency that is intuitive and easy to use for the everyday consumer— who requires digital money that is private, safe, and effortless to transact with.

Owners of Gewel will be able to run their own iNodes by providing resources to the network in the form of CPU power and storage. iNodes are paid 45% of the transaction fees for blocks they validate. To run one iNode you need to own 10,000 Gewels. The more Gewels you own the more iNodes you can run and the more Gewel tokens you can get paid. Early adopters of Gewel have the potential advantage of generating higher rewards on their Gewel. In order to run an iNode, Gewel owners must continue to hold their Gewel cryptocurrency and not spend it. This in turn reduces the available market Gewel supply and increases the stability of the Gewel cryptocurrency.

An essential feature that cryptocurrency must have is interchangeability. However, this feature is liable to rejection, in the case of several renounced cryptocurrencies, due to documented transaction history. Certain individuals or companies may choose to decline a transaction simply because the associated funds have a questionable past—which may lead to blacklisting the client. As a solution, individuals may use mixers; yet, this requires care as the privacy is conditional upon the number of users and the amount of traffic in the mixer. Gewel provides a solution based on the ZeroCash protocol in order to guarantee that funds can be sent— without revealing the sender, recipient and the amount.

What is Gewel Token and Why do YOU need it NOW?

Liberate Yourself! Transact Securely, Freely and totally anonymously!

Gewel is the future open source digital currency specifically optimized for the twenty-first century real-life user. That is why, Gewel allows for instantaneous transactions, increased network capacity and low transaction fees.
In addition, all transactions carried out are secure and private due to the integrated state-of-the-art zero-knowledge security layer. Thus, managing your finances has never been easier.

Decentralized Platform

Reward System

Run your Own iNodes

Privacy

Highly optimized and developed zero-knowledge security layer ensures anonymous transactions.

Funding

Gewel is fully self-funded in order to ensure continued development and sustainability without the need to rely on founders’ financing or donations.

Governance

A governance system allows for quick decentralized decision making in order to further aid the user.

Capacity

Gewel integrates an iNode network in order to provide users with 80x more transaction capacity than other cryptocurrencies—in addition to up to 20MB blocks.

Transaction Speed

Instantaneous, limitless and boderless transactions using our own cross-crypto exchange instrument.

Low Fees

Gewel was formulated with the daily-user in mind, therefore transaction fees are much lower than those incurred using banks or other cryptocurrencies.

Incentivized Nodes (iNodes)

For a blockchain software to operate, full nodes are required. These nodes operate on P2P networks, and send updates to peers following events which take place on the network. However, in order to be effective, such nodes require high volumes of traffic, as well as support from additional resources, which come at a significant cost.

This can result in the steady decrease of full nodes, as has been witnessed on the Bitcoin network. The outcome of this is a major failing in performance, with block propagation times exceeding 40 seconds.

Gewel uses Icentivized Nodes network layers. The iNodes function as servers that maintain a complete replica of the Gewel blockchain. This provides decentralized services such as instant transactions and governance in a trust-worthy manner.

Roadmap

What are our plans and where are we heading?

Gewel Planning and Infrastructure

Q2 & Q3, 2020

  • Gewel will plan the protocols and consensus methods, the structure of nodes, the currency details, validation/mining rewards and distributions, and everything else needed to construct a whitepaper draft.

Gewel Blockchain Prototyping

Q4, 2020

  • Gewel will work on constructing a minimum viable product for the blockchain, with block reward distribution. The goal is to have a solid framework, and the emphasis is on algorithmic correctness.

Gewel ZSL and Wallet

Q1, 2021

  • Gewel will integrate a zero-knowledge security layer. This is designed to allow for anonymous and secure transactions on the blockchain. This will keep origins, destinations and amounts private and only known to senders and recipients. Gewel will also develop and release a wallet client for users.

Gewel Governance and Funding

Q2, 2021

  • The Gewel Governance and Funding System will be finalized in order to help any Gewel Open Decentralized Autonomous Network function efficiently and evolve organically— while utilizing the collective intelligence of the Gewel community. The Gewel governance and funding system will be designed so that the community can vote on funding and governance proposals— that of which are found on any blockchain that decides to use the Gewel software.

Gewel Private Messaging

Q3, 2021

  • Gewel will integrate a peer-to-peer persistent private messaging system (GewelChat) which will allow for Gewel users to send shielded messages using zero knowledge cryptography. GewelChat will be a completely anonymous communication network, with no third-party intermediaries, that will allow users to communicate privately.

Gewel Core JavaScript Library

Q4, 2021

  • The Gewel Core Javascript library will provide the base foundation for the explorer insight API as well as future light wallets. The Gewel Core Javascript library is a building block for third parties to integrate into Gewel Core.

Light Wallet Integration

Q1, 2022

  • Integrating Gewel into third party light wallet that will allow users to send and receive Gewel tokens easily without the need to run a full node. Users will be able to send and receive Gewel tokens from a mobile wallet in addition to the desktop wallet.
Have an inquiry? Contact our 24/7 support team at [email protected]

Tell us about your needs. We have a dedicated team for that.

USE OF PROCEEDS

we are looking to raise a significant capital, through the Gewel Token offering, in order to maximize initial launch capabilities and enforce stability. We have allocated the use of these proceeds to build bold and exciting propositions that will empower the daily use of blockchain and cryptocurrency.The proceeds of our ICO will be used to roll out, enable and unlock propositions that can be found below. All of the aforesaid propositions will be fundamental to the Gewel token appreciation and enhanced utility.

Founders, Team and Advisors - 18%

Founders, Team and Advisors of the project will be rewarded with 18% of all available tokens.

Ecosystem Partners - 4%

We're allocating 4% of Gewel tokens to remunerate existing and new partners that are providing their expertise and solutions.

Project reserve 6%

We have allocated approximately 6% of tokens to fund any unexpected shortages and for anything else that requires action over the life of the project.

Token Sale - 62%

Presale and the crowdsale of the token sale.

Distribution

Private ICO investor - 6%

Early contributors in the Gewel project will be rewarded with 6% of tokens.

Bounties - 1%

Once we're listed on exchanges we want to reward the crypto trading community with bounties so we can spread the news of our token even further

Token Giveaway Offer, 3%

The first 100,000 Gewel users to participate in our crowd sale will receive a bonus of 100 free Gewel tokens. We will use our social media channels to make the annoucement.

LATEST FROM THE BLOG

Cryptocurrency News & Resources

FAQ

What is Gewel?

Gewel is a next generation open source cryptographic software, also known as cryptocurrency, built on proven blockchain technology— with leading edge privacy, transaction speed, budgeting, capacity and governance features.

  • Supply: 997.8 million, forever.
  • Consensus algorithm: Proof of stake.
  • Block Time: About 20 seconds.
  • Block Reward: Transaction fees, only. 45% rewarded to the validating node, 45% to the maintenance of the network, and 10% are reserved as public funds.
  • Collateral & Staking Amount: 10,000 Gewel.

Gewel is in the process of completing the network, forging, incentivized nodes, budgeting system and governance. Additionally, Gewel is integrating a superior transaction privacy feature by implementing a novel form of zero-knowledge cryptography called zk-SNARKs.

Gewel is built on proven blockchain technology with leading edge privacy. The software integrates libsnark, a C++ library for zkSNARK proofs, in order to facilitate shielded transaction. This allows users to hide the transaction amounts, origin and destination. In addition, Gewel permits users to run iNodes that provide a minimum level of service to the network; in the form of computing power and storage. iNodes also allow users to send instant transactions using GewelSwift. Additionally, Gewel provides the ability to scale quickly by having the capability to increase the networks block size up to 20MB. Furthermore, the budgeting system provides the network with resources that can be used to continue development.

iNodes are essentially a network of dedicated servers that provide many features which are not available on conventional blockchains such as other cryptocurrencies. These servers provide a minimum level of service and enable such features as GewelSwift that allows for instant transactions. In Gewel, iNodes also facilitate the networks governance and budgeting functions.

Anyone wishing to run iNodes will require 10,000 Gewel tokens for every iNode they want to run.

Zk-Snarks stands for Zero-Knowledge Succinct Non-Interactive Argument of Knowledge. It is a form zero knowledge cryptography. Zk-Snarks essentially works on what is known as zero-knowledge proofs. The idea of zero-knowledge proofs originally comes from several MIT researchers back in the 1980s. Zero-knowledge proofs means that between two parties of a transaction, each party can verify to the other that they have a specific set of information but without revealing what that information is. This is very different than other proof systems where at least one party needs to know all the information. Gewel uses zk-SNARKs to prove that the conditions for a valid transaction have been satisfied without revealing any critical information about the values or addresses involved.

Gewel is based on the Proof of Stake (POS) consensus mechanisms.

Proof of work is a requirement to define an expensive computer calculation also known as mining. A reward is given to the first miner who solves each block problem. Miners on the network compete to be the first to find a solution for the mathematical problem.

Proof of Stake is a mechanism in which participants put their funds at stake in order to participate in validating transactions. A participant staking their tokens is selected pseudo-randomly using the state of the transaction history and other sources of randomness, and this participant, the so-called forger, will forge and broadcast the next block. Dishonest nodes in this regime may have their funds partially revoked. Honest behavior is incentivized because dishonesty is risky. The key difference between POS and POW is that participants in the POS consensus algorithm are stakeholders in the cryptocurrency, so it is in their interest to act honestly and validate transactions; whereas participants in POW need not hold the currency, so they may act to maximize their profits instead.

Mining/forging serves two core purposes. The first is to verify that transactions are legitimate and therefore avoid what’s called double spending. The second is to reward miners/forgers with cryptocurrency for verifying transactions.

Yes, at the end of its development stage, GEWEL, INC. will be releasing the GEWEL Software it has developed under an open source MIT software license.

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