GigXCoin (GIGX) is a cryptocurrency that aims to provide a unique solution for toll payments and EV charger payments. The token is part of a larger project that aims to revolutionize the payment process for customers who use the project's Tolling and EV Charge Network. The project's objectives, features, and advantages are relayed onto a new Ethereum Platform with blockchain services specifically focusing on toll and EV transactions​.

As a part of the project's larger vision, GIGX is used as a payment method for tolls and EV chargers. It leverages the decentralization and security aspects of blockchain technology to provide a seamless and efficient payment process for users of the Tolling and EV Charge Network.

Barry Lipscombe, who is a Board Member and the CEO of ContraCoin (CTCN), is associated with GigXCoin. Lipscombe has a rich history of entrepreneurship, having owned and operated a successful Air Conditioning and Electrical Contracting business from 1969 to 1992 before exploring other business opportunities in the barter/trade exchange industry. Further details about other team members or the exact role of Lipscombe in the creation of GigXCoin were not readily available.