GoldFinX is raising funds through a Currency Token Offering (CTO) to provide financing to ASGM miners for more successful, sustainable, and safer mining operations.
The return on investment (ROI) is the share of the Gold extracted and later stored in international banks vaults, thus guaranteeing the value of the GiX coin.
The GiX coin-holders will benefit from the positive gains received between the amount invested in the mines and the value of the Gold stored, which will then be reflected in the increasing market price of the coin.
GoldFinX raises funds via an ICO offering 250 million GiX coins at €2 per GiX and sold at 50% discount during the presale period, thus €1 per GiX. The proceeds will cover the capital and operation costs for 15 selected Gold mines in 12 different countries. The start of Gold extraction will start in Q3 2019, and will accumulate as well as stored indefinitely to back the value of the GiX coin
The 15 mines should eventually generate €15 Billion of revenue and the GiX coin should be backed by €2.25 billion in Gold reserves. In Q3 2019, the GiX coin will be listed on major crypto exchanges, offering liquidity to its holders.
1- An asset backed-secured crypto coin is created using blockchain technology, issued and sold to the public via multi-phase ICOs
2- The proceeds are then used to prepay the gold production of selected qualified ASGM companies for an equivalent amount to cover their Capex and Opex needs to start efficient extraction
3- Once the mines start producing "Cleaner Gold", the advanced funds are fully repaid in the form of Gold (normally in less than 12 months) with a premium in weight, and a 20% royalty starts at that point which remains in effect for the life of the mine.
Ideal mining projects for GoldFinX are small operations with big potential. We are prioritizing the alluvial and open-pit mining operations in our mine selection. Each project is thoroughly analyzed internally by our in-house experts and validated by our Advisory Board.
Each mine selected should possess approximately 600,000 to 1,000,000+ Oz of gold in reserve. Once extracted to the end of the life of the mine, it should have generated (at today’s market price per Oz of €1,000) more than €1,000,000,000. We have identified so far 37 prospective mines worldwide from which we will select the first 15 mines to activate for Phase I.
Uplifting the lifestyle of miners and their families through GoldFinX is not charity. It is an extremely good business model that not only rewards the risk taken by initial coin holders, but also beneﬁts gold miners while positively impacting rural communities both socially and environmentally.
GoldFinX’ social and environmental conscious efforts ensure that the crypto-finance opportunity beneﬁts everyone within the cycle of the project. To this effect, we have structured an important compulsory “Social Impact...
The GiX is the resulting blend between a solid and real business model—concretely rooted in a proven profitable industry—with the convenience of the cryptocurrency.
The Exclusive concept behind the GoldFinX Contract Mining
Agreement, which includes a production share of 20% of the gold mined, guarantees a mechanical way of increasing the value of the gold that is continuously being stored in the vault. This greater value should in turn increase the trading value of the GiX coins.
Should a major catastrophe impede the life cycle of the GiX coins, the GiX coin holder can have the peace of mind, in a...
GoldFinX is building an Ethereum smart contract to support the creation and sale of 1 Billion GiX coins. The coins are sold via different phases. The money raised through each phase is then used to execute Contract Mining Agreements with the chosen mines. Subsequent phases will also raise money and each time the proceeds will be funding new mines
During Phase I in 2019, 300 Million coins are earmarked to be minted (activated) on the Blockchain and released. GoldFinX expects Phase II around 2021 and Phase III around 2023.
The concept of GoldFinX was in the making for the past years prior to its birth in Q3 of 2017 with validation, research and preparation for the funding pre-sale and eventual ICO launch in April 2019.
Contract Mining agreements will be funded in parallel with funding initiatives and ﬁrst gold extraction is anticipated before Q3 of 2019. 2021 will see the 2nd phase of the ICO and 3rd Phase in 2023. We anticipate continued mining operation for the next 15 years at least, accumulating gold in the reserve until 2033 and beyond.
We tried to compile all the questions we receive in one place to clear out any confusions about the project and the operations of GoldFinX and the GiX coin. Feel free to check them or contact us in case you have any question that is not listed.
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