1. Background of GPS Coin Project

Overview of the Project’s Field

GPS Coin is a key component of the GoPlus Security project, which focuses on providing decentralized security services within the Web3 ecosystem. As blockchain technology rapidly evolves, the demand for enhanced security measures has increased significantly. GoPlus Security aims to build an open, permissionless, and user-driven multi-chain security network. By analyzing every stage of the transaction lifecycle, the project seeks to provide users with comprehensive security protection..

According toOfficial Website of the Project, GoPlus Security offers detection and analysis services for various token contracts, malicious addresses, and phishing websites. The goal is to leverage the power of decentralized networks to ensure real-time security protection for users in multi-chain interactions. GPS Coin (often referred to simply as GPS) is the core cryptographic asset of this security network, designed to incentivize nodes and developers to collaboratively maintain the operation of the decentralized security ecosystem.

Source:GoPlus Security Official Website

2. GPS Coin’s Positioning in the Web3 Security Field

Core Objectives

GoPlus Security envisions becoming the first fully scalable security layer in the Web3 ecosystem, covering all blockchain networks. Unlike traditional security audits or centralized risk control models, GoPlus Security embraces a more decentralized approach. Any blockchain or project can seamlessly integrate into this security framework, providing risk identification and alerts throughout the stages of transaction initiation, execution, and completion. GPS Coin plays a crucial role in coordinating interests, distributing incentives, and enabling governance within the system.

Main Features of the Project

1. Multi-Chain Compatibility: GPS Coin is compatible with various public blockchain networks and has already expanded to over 30 blockchains.
2. User-Driven: Every participant can contribute security data or development tools and earn GPS Coin as rewards within the ecosystem.
3. System Protection: From contract creation to transaction completion, GoPlus Security provides comprehensive security protection throughout the entire process.
4. Open API: With an average daily API call volume exceeding 30 million, GoPlus Security is widely applied in various DeFi, NFT, and wallet applications.
5. Decentralized Network: Risk analysis is managed through nodes within the AVS architecture, ensuring decentralization and transparency.

These distinctive features have enabled GPS Coin to gain significant attention amidst the growing demand for blockchain security. The corresponding GPS Price has sparked considerable discussion among both investors and users in recent months.

Source: GoPlus Security Architecture Overview

3. GPS Coin Technical Principles

Infrastructure

According toOfficial Whitepaper, the GoPlus Security network is built on several key layers:

1. Security Data Layer: A decentralized layer for contributing and verifying security data.
2. Security Compute Layer: Utilizes AVS nodes to perform secure computations and risk analysis.
3. GoPlus Security Module (GSM): A set of pluggable modules designed for easy integration of security services across various blockchains, RPCs, or wallets.
4. SecWare Protocol: A decentralized ecosystem protocol for security services, providing mechanisms for revenue distribution, penalties, and incentives.

In this structure, GPS Coin serves as both an incentive and utility token. Security service providers must stake or pay with GPS Coin to qualify for performing computations or providing data services within the system. Users can also use GPS Coin to purchase enhanced protection features, enabling the customization of their security strategies.

Core Algorithms and Execution

The core algorithm of GPS Coin is based on BASE. During transaction execution, GoPlus Security monitors smart contracts and transaction requests in real-time through AVS Operators. If a suspicious contract call or a known malicious address is detected, the system quickly issues an alert and blocks the operation. Thanks to the decentralized validation mechanism, all security analysis results can be verified on-chain, avoiding reliance on single-point audit institutions. This ensures both security and transparency..

Team and Key Members

• Mike (Founder): With extensive experience in security auditing and compliance in blockchain risk control technology companies.
• Eskil Xu (Co-Founder): Responsible for strategic development, with a background in implementing security products at several international internet companies.
• Allen Zhang (Co-Founder & CTO): Focused on underlying technologies and algorithm research, deeply involved in the design and implementation of GoPlus Security’s technical architecture.

These three core members bring years of expertise in blockchain security and distributed systems, ensuring the forward-looking and professional nature of GPS Coin and its ecosystem.

Source:GoPlus Security Whitepaper

4. GPS Coin Core Data and Indicators

Contract Address

On the Base chain, the contract address of GPS Coin is:

0x0c1dc73159e30c4b06170f2593d3118968a0dca5

You can view transactions and holdings through the browser(https://basescan.org/address/0x0c1dc73159e30c4b06170f2593d3118968a0dca5)。

Source:Coingecko

5. GPS Coin Historical Review and Current Status

Issuance and listing time

• Listing Date: January 15, 2025 – GPS Coin was officially listed on the Gate platform with an initial offering price of $0.05.
• Initial Trend: On January 30, 2025, GPS Coin surged to a historic high of $0.22, reflecting the market’s enthusiasm for decentralized security concepts.

However, following the peak, the price corrected due to broader market adjustments and early profit-taking, reaching a historic low of $0.0322 on March 11, 2025. Since then, the price has fluctuated between $0.03 and $0.04, gradually stabilizing as the ecosystem progresses, currently hovering around $0.03817.

Recent Trading Volume and Market Performance

According to Gate data, the 24-hour trading volume as of March 17, 2025, fluctuated between 2.88 million USDT and 3.18 million USDT. Overall market sentiment remains cautiously optimistic. In recent weeks, GPS Coin has experienced narrow fluctuations, indicating that investors are awaiting further ecosystem developments or technological upgrades to assess the long-term value of the coin.

Factors Influencing the Price

1. Security Incidents and Risk Preferences: Increased blockchain security incidents often draw more attention to security-focused coins, benefiting GPS Coin.
   2.Expansion of Ecosystem Applications: If GoPlus Security integrates its security modules with more wallets or public chains, the rising demand may drive the price up.
2. Macro Market Environment: Broader market trends and capital flow also impact GPS Coin. In a bull market, security-focused projects tend to receive more attention, whereas a bear market may lead to heightened price volatility.
3. Team and Technological Upgrades: Major technological advancements or new features that enhance security capabilities could serve as a catalyst for GPS Coin’s price.

Source:Gate.io Spot Trading

6. Conclusion and Outlook of GPS Coin

As the core token of GoPlus Security in the Web3 security space, GPS Coin’s technical architecture, ecosystem design, and incentive mechanisms are laying a strong foundation for decentralized security. In light of the increasing frequency of blockchain security incidents, providing users with real-time, comprehensive, cross-chain, and customizable security is a critical capability that the industry will need in the coming years. While GPS Coin’s price is currently influenced by factors like macro market conditions and the pace of project development, it may experience continued volatility in the short term. However, from a long-term perspective, security projects that can maintain strong technical foundations and core ecological value tend to have significant growth potential.

As GoPlus Security expands to more public chain networks and increases its node scale, GPS Coin’s application scenarios and value support will continue to strengthen. If the overall cryptocurrency market rebounds and Web3 security demands continue to grow, GPS Coin could enter a new phase of upward momentum. For investors and developers, staying updated on the team’s progress, ecosystem partnerships, and community governance developments will be key to understanding the long-term prospects of GPS Coin.