GxCoin: The best Idea is Finally here

Rubies
Rubies
Aug 28, 2017 · 4 min read

Gx Coin is an Ethereum token being launched by the Genevive Company that is designed as a distributed venture capital fund for small businesses. Under the guidance of Genevive, the Gx Coin organization will perform audits and score businesses on a criteria that include availability of basic financial documents, debt, state of litigation, and executive personalities along with analysis of the business plan itself and industry research to determine the eligibility of the business for funding. If accepted, businesses will be presented to token holders in an advisory role, and those officially chosen will receive monetary funding in exchange for an equity stake, along with assistance from various members of the community for communications, marketing, and business development.

Crucially, Gx Coin will also provide assistance navigating the myriad of new tools like Bancor and Ethereum tokenization that are available to small businesses to provide more affordable liquidity in difficult times, lower transaction costs, and in some cases evolve their entire business model to more effectively utilize blockchain technology.

Holders of the Gx Coin token will be entitled to advisory voting on which businesses are selected for investment and will be rewarded with appreciation of the Gx Coin Token as well as allocations of dividend distributions proportional to the share of total tokens held by the user. Gx Coin has made investments in two businesses so far, with an additional four in the audit stage; depending on the total funds raised in the Gx Coin crowdsale, investments may be made in up to 40 different companies and in amounts up to nearly half a million USD each.

Where are you based?

The company is currently registered and located in Salt Lake City, Utah, United States, and Singapore.

When was the company launched?

The company was launched in Singapore and the United States in 2014.

What have been your biggest wins to date?

I will say that our biggest win is receiving a very positive message and enthusiastic support from our pre-sale investors. We are so grateful for them, and for seeing our vision for what it is: a win-win-win situation.

They are what makes the GxCoin Project possible.

What type of people (market segment) are you trying to attract to your product?

We need to engage three kinds of people:

  1. Early adopters of cryptocurrency, to give GxCoin momentum — a strong “frappe”, as we would say in France.
  2. Small business owners and partners.
  3. Members of the community interested in investing with small businesses.

This is all in order to scale beyond early adopters; creating one of the biggest places of exchange for the real economy world-wide.

We are financial activists, after all.

THE TEAM

Duane Kirkpatrick

Mr. Kirkpatrick has spent his career working with a variety of large businesses including TeleNova, Compasso Informatica, and Evergreen Ventures as a project manager and business development investor. He has sold several multimillion dollar businesses and produced multimillion dollar revenues at investment banking offices in London, Tokyo, and Hong Kong.

Fabien Dureuil

Mr. Dureuil has nearly 20 years experience as a venture capitalist in Europe and across the world. He has helped develop cutting edge technological operations including an algae farming biofuel operation with a turnover of over $75 million euros each year.

WHAT IS THE METRIC FOR THE SUCCESS OF GX COIN?

Gx Coin will be measured on its ability to seek or be contacted by high quality businesses, vet them effectively, and develop the business in a meaningful way. While this is no small task, the Genevive team is experienced in equity valuation and asset management, and — more importantly — have deep and valuable understanding of the existing and upcoming blockchain technology and how it can be best applied to a variety of different businesses to improve their operations, profitability, and service to the community. The emphasis by Genevive on finding companies that adhere to high ethical standards and make a difference in their community will also likely add upward pressure to the value of Gx Coin, as more users are enticed to buy when observing the improvements made by the fund and goodwill spreads from the positive impact of the selected businesses into the wider cryptocurrency community.

For more information visit

Website: https://genevieveco.com/gx-coin

White paper: https://www.genevieveco.com/ico-white-paper

Author: https://bitcointalk.org/index.php?action=profile;u=1017518

)
Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade