A new and exciting twist on venture capital is available to cryptocurrency investors around the world as GXCoin launched their new tokenon Friday. GXCoin is based on the Ethereum platform (an ERC-20 token) with the official ticker symbol “GXC.”
GXCoin’s parent company, Genevieve Co., is a financial company having a team with over five decades of experience in venture capital combined. This experience has lead them to conclude that Cryptocurrency and Blockchain Technology represent an enormous opportunity, the tools to create and establish a long lost bridge between community members and their local businesses. “Currency is all about creating trust and providing convenient methods of storing value and transacting safely & reliably,” says GxCoin founder Fabien Dureuil, “Backing our digital currency with a stake in small businesses gives the added value of real physical assets backing their investment.”
ICO Alert has provided an excellent overview of what GxCoin is all about. In short, 10 million GXC tokens are available. Of those 10 million tokens,depending on the token sales results, 82-95% will be invested in local businesses around the world, and the remainder will be divided between marketing, liquidity reserve, the team and funders.
Before funding can be approved, however, investors must give the go-ahead. GXCoin’s selection process involves two steps: business selection and investor approval. What’s unique about GXCoin is crowd approval; utilizing the common-sense of the community and their endorsement for funding a local business. “Crowd-sourcing is a very powerful tool,” says Dureuil, “Remember the show ‘Who Wants to be a Millionaire?’ There’s a reason that ‘ask the audience’ was the most valuable lifeline on that show.”
The selection process prior to crowd approval is this: The GXCoin organization will perform audits and score businesses on criteria such as availability of basic financial documents, debt, state of litigation, and executive personalities, along with analysis of the business plan itself and industry research. All of these factors are used determine a business’s eligibility for GXCoin funding. Information will be presented to GxCoin token owners, who will then either approve or deny funding.
GXCoin is building a bridge for the 21st Century’s New Global Economy, connecting the real economy with their communities. Want to be part of this revolutionary new venture in cryptocurrency? Visit GXCoin’s website at www.genevieveco.com to invest through third-party escrow service CoinPayments with Bitcoin, Ethereum, Litecoin, Ethereum Classic or DASH during their ICO, happening now.
Additional information and answers can be found at the GXCoin FAQ page.
How to participate
- Go to our website: www.genevieveco.com, and select “invest”
- Fill our your information (name & email) and submit.
- On the next page, you can send BTC, ETH or LTC directly using the associated QR codes provided – then send an email to firstname.lastname@example.org with your proof of purchase. You can also submit your investment through CoinPayments.
- Look for a confirmation email from us, or from CoinPayments.
ICO ENDS: Thursday August 31, 11:59PM PST
$1 per GXC