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.
GiX is a cryptocurrency, and like any other crypto or fiat currency, it fluctuates. 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.
GoldFinX is creating 1 Billion coins, and 250 million coins will be sold during Phase I.
Today, you can buy, sell, and trade GiX on Coinsbit and Simex. Soon, we will be on a crypto-exchange for the Chinese market.
GoldFinX is using the Ethereum platform (ERC20 token standard). ERC20 tokens are quite popular and are supported by almost all crypto exchanges and wallets.
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 quarterly basis.