Genevieve Company recognized an opportunity for small businesses in an industry that may have been out of their reach in the past. Gx Coin is an Ethereum token to be launched by the Genevieve Company that is designed as a distributed venture capital fund for small businesses. Venture Capitals are generally focused on the wealthiest investors and the biggest deals. However, 70% of employed Americans work for a small business, and there are 4.5 million small business owners in the United States; none of which meet the criteria for Venture Capital.
GxCoin by Genevieve takes a very different approach, a grassroots approach, which we believe investors, the community, small businesses, and the real economy needs. Reconnecting small businesses with their community is a way to create security and trust. We asked ourselves, what is the first cause of failure for small businesses, and how can we leverage current technology to solve this financial problem?
GxCoin is not just another coin. It’s different in that investments are backed by real assets and real local businesses. Prospective investors can look at these businesses and predict measurable financial growth. Investors will have a stake in these businesses, able to weigh in on financial decisions and receive quarterly reports so that they can have the foresight to make wiser investments.
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.
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
ICO
SALE PERIOD Now to August 25, 2017 at 10 PM PST
TOKEN DISTRIBUTION : ERC-20 token sent to your Ethereum wallet
ALLOCATION & PRE-MINE : 82.5% sold during crowdsale 17.5% reserved for founders, early backers,e.t.c
TOTAL SUPPLY : 10 million Gx Coin
GROWTH RATE: Fixed supply
ICO PRICE: 1 GXC = $1
INVESTMENT TARGET: $10 million USD
CONSIDERATIONS AND CLOSING
Gx Coin is a unique way for holders to help make a difference around the world with the help of experienced business development experts and venture capitalists, while still earning a tidy return and helping to further propagate blockchain technology and tokenization.
Some businesses or communities may benefit most from the launch of their own token by way of Bancor or another similar platform to keep wealth within their organization, while others may find more value in a deeper integration into existing token structures like accepting Dash coins as payment or using simple Ethereum smart contracts to power their accounting ledger. What is abundantly clear is that businesses large and small all around the world can improve and grow from the introduction of new technology and ideas Gx Coin and Genevive will be able to offer them—a winning proposition for a rapidly changing marketplace, and for a better tomorrow.
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
