1 Will there be a discount/bonus for the Pre-Sale period?
The Pre-Sale period terminated on July 1st, 2019. The GiX price is now officially at €2. However, until the listing of the GiX on recognized exchanges CoinsBit and P2PB2B (postponed until Q2, 2020 due to Coronavirus), selected investors may have a chance to acquire GiX coins at a discounted price.
2 How can I check the availability of gold in vaults?
The Gold Reserve is under the exclusive authority of the GiX Trust, which is overseen by an independent Board of Trustees for the benefit of the coin holders. The GiX Trust will produce audit reports on a regular basis and will report on its progression on a monthly basis.
3 Where can I see my GiX Coins once I purchase them?
All GiX will be stored in your GiX Wallet once you create an account directly from our website. The GiX Wallet is only accessible with your username and password. In Q1 of 2020, you will have the option to transfer your coins directly from your GiX Wallet to any ERC-20 compatible wallet for storage and eventual trading on exchanges.
4 What are cryptocurrencies?
Cryptocurrencies are digital, decentralized monetary structures, created via blockchain technology. Most cryptocurrencies can be exchanged for fiat currencies (USD, EUROS, YEN) or other cryptocurrencies like Bitcoin or Ether.
5 Will GiX be subject to cryptocurrency volatility?
GiX is a cryptocurrency, and like any other crypto or fiat currency, it will fluctuate. The case of the GiX is a bit different as it’s protected by a physical Gold asset sitting in secured vaults. The Gold captively accumulating in the vault supports the value of the coin, making the investment a more secure option than a typical coin offering.
6 How many GiX Coins will be issued?
GoldFinX is creating 1 Billion coins, and 250 million coins will be sold during Phase I.
7 When can the GiX Coin be traded?
GiX, like any cryptocurrency, will be tradable and exchangeable on public crypto exchanges. Every year more exchanges are created to accommodate the volume and diversity of the new coins released. GiX was initially scheduled to be trading on major exchanges (CoinsBit, P2PB2B) at the end of March 2020, but due to the global pandemic brought on by the Coronavirus, it has been postponed to Q2, 2020.
8 Which ecosystem platform will GoldFinX use?
GoldFinX is using the Ethereum platform (ERC20 token standard). Industry experts note that such tokens are quite popular, and they are supported by almost all crypto exchanges and wallets that meet this standard.