GxCoin: Using Blockchain Technology to Build Real Economies and Connect Real Consumers
“Change doesn’t happen, it must be provoked” — GxC team
GxCoin is more than just another digital VC fund and more than just another digital currency. GxCoin is a revolutionary and usable medium of exchange that will finance the real economy, stabilize local small businesses and their communities and it’s a smart way to store and grow value.
Our project, GxCoin, is all about diversification and offering a new kind of digital asset. It is a “stable coin” that serves as a healthy medium of exchange in everyday life and is as easy to convert into other cryptocurrencies as it is with Fiat, such as Euro or USD — wherever you are.
It’s about empowering and backing small businesses — creating the first stable cryptocurrency that is backed by tangible real top small business assets, (premium stakes, off-chain).
In addition to accepting investments in the form of GxCoin, these small businesses will also agree to accept GxCoin as a form of payment. Just like the option for “cash back” at a convenience store, they will offer a point of liquidity called “token back”.
This resolves the factor of liquidity and creates mainstream access to using GxCoin.
From the outset, we outlined our vision in a post on Cryptocoinsnews, iterating that currency (as a medium of exchange) is all about establishing trust and convenient methods of storing value and transacting safely and reliably. Backing our digital currency with a stake in small businesses encourages communities to actively participate in their economies and offer direct contributions.
This method of investment is also an effective way to protect against inflation and a good way to increase individual purchasing power. As participating small businesses grow and create dividends, investors are also able to see the value of their GxCoin investment grow.
A World Bank group study reports that the world economy counts more than 115 million small businesses and 365–445 million micro to medium-sized businesses in the emerging market. This number accounts for more than 60% of employment worldwide and 40% of global GDP.
We are not a team of dreamers living in some far-off Utopia. We are experienced entrepreneurs, developers and experimental finance professionals. Our plan applies a high level of financial education and advanced technology to address everyday problems. GxCoin’s plan is backed by the desire to remove economic boundaries and create a more fair, accessible economy to a broad user base.
Right now is an opportune time to bridge the gap between mainstream consumers and decreasingly esoteric circle of digital currency users. GxCoin is driven by an interest in establishing a financial standard of exchange that is better understood by a global audience and more accessible to everyone in the economy.
We at Genevieve don’t believe in just one cryptocurrency. We believe in a need for thousands of currencies. Cryptocurrency is a formidable medium of exchange and it can be a powerful tool in any community; a tool that should be shaped by the needs and specifications of those individuals who use it.
Key determinants for more mainstream adoption of cryptocurrencies include a deep market, high volume of transactions and liquidity and instant conversion between community members. Blockchain technology is the new standard that makes this possible.
Sources
https://www.worldbank.org/en/topic/financialsector/brief/smes-finance
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