We are pleased to announce our next AMA on December 24th 2020 at 03:00 PM UTC Time: Satoshi Club x GoldFinX
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join GoldFinX Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 100$/10 users – Open chat for 100 seconds. You can post Max 3 questions. GoldFinX Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about GoldFinX
For more details:
GoldFinX – @goldfinxofficial
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
GiX is built on top of the Ethereum Blockchain using the ERC-20 protocol. Why you use ERC-20 rather than another blockchain like TRC-20? What advantages do you get?
According to your website, GiX unlocks Billions of Euros worth of untapped GOLD in this artisanal mining segment with Environment preservation in mind. Is it possible to get real gold? Or do we only get value of the gold?
I read in your News Recap about the Heart of Mine Foundation that will be coming out in full force in Q1, 2021. What does this entity all about? How will it be beneficial for gold miners?
So the proceeds of GIX token which is already listed on Exchanges will be used to prepay gold production of qualified Artisanal and small gold mines companies. May I ask if you already able to help finance some mining companies and is it giving back good profit to GoldFinX? By the way, what is Artisanal.
At Gix we mine gold by saving the environment, is the gold we get equal to price of real gold?
According to your RoadMap, you will unlock new gold mines in Canada, South America, and Africa. Why did you choose this country compared to countries in Asia which have large populations?
With an attractive system from GIX to invest in, apart from the Blockchain platform to support this project, are you hooking up any other partnerships to promote this interesting project?
Can you give me reasons why the $GIX coin could be a great diversification asset in my portfolio? How would you combine the long term-goals of GoldFinX with the short term needs of some investors in the crypto sphere?
In this GIX project do you attract only small gold companies that are eligible for you to cover their exploits? or did you attract other big gold companies?
Why was the GiX built on the Ethereum Blockchain and what are the uses of the GIX token outside of the payment areas?
what price will the GiX be offered and sold in Phase II, and how will it prevent the price of the GiX sold in Phase I from being negatively impacted or the value diluted?
How does GoldFinX prevent illegal activities in the mines it finances?
How does GoldFinX protect itself from hacking attacks?
We know that your team has a significant background in work experience, technical skills and international perspective. How has the experience and background of your team been effective in the success of your project so far and how do you aim to revolutionize the field of blockchain and mining?
Why are major Gold producing countries such as Russia and South Africa left out of GoldFinX’s initial focus?
How did you come up with a Gold output for the 20 mines of 15 billion Euros in a period of 10 years?
What do you call a “catastrophic event” preventing the GiX from continuing to “exist,” and how is the liquidation procedure of the Gold reserve followed?
and what contractual and legal basis is the GiX linked to the accumulated Gold in the bank vaults?
Can we volunteer in your community program of people willing to help you put into practice for awareness raising? How was the GoldFin Do Good, Receive Good Ambassador program implemented?
“GiX: The First Socially Responsible Cryptocurrency. A coin whose purpose is solving major social and environmental issues” What social and environmental issues do your project hope to solve? How does GiX token benefit out society?
GiX has experienced a stable rise in price for a while, what would you say is the reason for the constant rise in value? And is GiX token a deflationary token? Are there plans to burn some tokens?
Many cryptocurrencies envisioned becoming a decentralized system. Just like many other cryptocurrencies, is GoldFinX also a decentralized system?
Most people in the crypto are of the opinion that storing of value in gold is antiquated, it’s almost like gold vs crypto. How certain are you that your platform would bridge the gap between this opposite factions? And what happens if the value of gold drops, does that mean the value of GiX drops? And lastly over the years we have seen crypto increase value a lot more than gold, how do you convince folks to buy a token backed by gold when Bitcoin itself is projected to give better returns on investment?
The Phase II process is almost here. What price will the GiX be sold in Phase II? And how will the price of Phase II prevent the price of the GiX sold in Phase I from being negatively impacted?
Why did GoldFinX decided to finance a mine in Canada knowing fully well that the region is not an impoverished region?
You stated that GIX will be A coin whose purpose is solving major social and environmental issues… Mining of Gold as we all know has a lot of Environmental, social and even political issues associated with it can you explain how a project like yours that is supporting and financing mining activites… solve most of the Environmental issues associated with mining
Part of Your goal is For the GIX token To be used by the mining community as a mode of payment.. will you be extending this idea to other mining communities other than Gold… for those who are not miners and don’t belong to the mining community what will be the advantage of purchasing GIX instead of Buying other Gold backed Cryptocurrencies
The Gold received by GoldFinX from the miners is accrued and stored indefinitely in the vaults of reputable international custodians… can you tell us what custodians are helping you to secure this Gold.. and whenever you receive Gold from the miners how does it affect the Value of GIX token.. let’s say you receive 2tonnes of Gold from a miner today which you put into the vaults what happens to GIX
GoldFinX are prioritizing the alluvial cooperatives and open-pit mining operations, and excluding the underground mining operations on the selection of mining process. Why are you not open to help financing underground mining operations? Is it because of more risk and higher cost that needed for the said mining operation.
Do GIX coin actually being use or circulating on your agreement with the mining companies or it is just a mode or way for GoldFinX to collect and seek necessary fundings with the help of crypto.
I want to confess that your project has moved me a lot… I am Venezuelan, specifically from one of the States or Provinces richest in gold and I have lived face to face all the consequences that are the product of bad planning in the exploitation of gold. I can make you the long tragic story, but just by telling you that this site is the biggest focus of Malaria in the whole country I think it is more than enough.
My question is this: How does GoldFinX promise to solve this terrible problem of Malaria? I know it is only one problem among many, but believe me when I tell you that this disease causes hundreds of deaths every month in Venezuela.
In the next step in your roadmap is included the investment for new gold mines in South America, please tell us in which countries specifically?
Can you tell us the benefits of holding $GIX instead of buying Gold.
Do you have a referral program
And what would be the rewards?
$GIX Looks promising
How do you intend to make this project known and what Marketing strategies have you implemented?
Would they be token burn and buy back?
What are the mining requirements?
How are youre plans to have more Mine?
Who determines the price of$GIX
Miners,buyers, traders or the team?
In your roadmap you have planned the creation of new gold mines in Canada, South America and Africa for this Q4 2020. Tell us more about it. Have the negotiations already been closed? How much capital will you be investing?
What are the advantages of $GiX over other tokens that do not depend on commodities such as gold?
Gold mining has historically been associated with environmental destruction, infectious diseases and poor sanitation. Does GoldFinX intend to change this? In what way?
We are familiar with crypto coins but not much with crypto gold. How is a gold coin different from others? What is the relationship of it with real life gold? How is the mining/minting held? Can you summarize the overall process please?
Is GoldFix’s job to finance mines, right? But who finances you? Where do you get the capital needed for all this? Are you prepared for large projects?
You have mentioned that, GIX is a coin whose purpose is solving major social and environmental issues
Could you please explain about these major social and environmental issues which you are going to give sollutions by GIX?
According to your roadmap you are going to make some partnerships with NGOS and Foundations in Q1 2021, What is the status of this step? Have you applied and got some good news from these partners?
According to your website you are launching an ambassador program, I am a community manager and I need to join with your project as an ambassador, How can I join with ambassador program and whom should I follow for this?
What is meant by “Fair Trade Crypto Financing” VIRTUOUS CIRCLE ? Is this the way of mining GIX coin ? Could you please explain this a little bit?
You have mentioned that “GiX is the resulting blend of a solid business model” Coyuld you please explain about this more? Then everyone will get an idea about your unique concept as mentioned in the website
How is your approach to DeFi as a gold project? Do you have any future plans for providing DeFi services? Gold x DeFi would be interesting…
Is GoldFinX funding gold mines around the world with blockchain technology? Makes preliminary purchases in gold mines with capital raised from cryptocurrency. How is it all documented? Indeed, in our modern world, not yet in all countries, cryptocurrency is officially recognized.
Are the mines you are financing verified in some way? Is it really possible to make a profit from them in the future? Do you have your own team of geologists and experts in the gold mining industry, or do you hire outside organizations?
My question is quite simple, Why focus solely on Gold when there are other precious metals and minerals mined around the world which needs same environmental preservation and best mining practices?
As stated on your website, the proceeds from the issuance and sale of GiX in public exchanges is used to prepay gold production of selected qualified artisinal and small gold mines.
How will this vetting/pre-qualification process be achieved for the soon to be “gold explorers and mines” since it has to do with physical exploratory activities.
Many new projects initially developed well but were suddenly abandoned. How will you manage your project to get your position on the market and become the best project in the blockchain world?
Q: Investors are afraid of scam, exchange is afraid of scam, partners are afraid of scam, so what does union project guarantee not to scam investors?
Q How important is the community to Your project? and how can we collaborate or help share token for the development of the project?
Gold is an asset known worldwide, with an upward projection as GoldFinX combines this with blockchain technology, how does it balance between the digital and real world, what is the effect that this produces in the market?
Can you send me reasons why the $GIX coin could be a great tool in my portfolio for diversification? How can you combine GoldFinX’s long-term priorities with the short-term needs of certain crypto-sphere investors?
You will be unlocking new gold mines in Canada, South America and Africa, according to your RoadMap. Compared with countries in Asia which have large populations, why did you pick this country?
It is possible to have access to Gold through GoldFinX in real life, explain to me how we invest in GoldFinX and we have access to this Gold that they buy, can it also be obtained in a tangeble way?
What are the social and environmental issues that your initiative aims to address? How does society benefit from the GiX token?
Who has control of all the gold purchased, this is assured, is there a way to verify it, how can we know?
– In which countries will GoldFinX focus on finding artisanal mines? Do you have to sign any agreements with the governments of the countries to do the mining completely legal?
– Does GoldFinX have any method of protecting workers in gold mines? How do we know that they are not being exploited or receiving wages not commensurate with their work?
– If with GoldFinX we are buying a token whose backing is really a “promise” that gold will be mined, how can we investors be confident with this project? What progress has been made in gold mining?
Part of GoldFinX objectives are related to the social and evironmental impact, especially from the contamination of rivers and oceans with harmful substances like mercury and cyanide. How many funds the project destines to this initiative? and please tell us the advances of it?
South America has a high activity level for gold extraction according to your map in the whitepaper. How many mining projects exists and are approved in this half continent and what partners are involved?
goldfinx is a very unique project that fuses blockchain and crowd funding to solve environmental problem but yet still remain commercially viable. My question is why is it listed in so few exchange ? What is the goldfinx hedge against the drop in gold price ?
goldfinx support Artisanal and Small Gold Mines by providing them the most suitable state-of-the-art equipment for their specific reserve and terrain. How does Goldfinx finance these projects ? How does goldfinx evaluate new proposals and how many new mining projects does goldfinx target to start each year ?
According to your whitepaper, GoldFinX is a Fintech Company that provides financing to Artisanal Small Gold Mines(ASGM) and gets exchange a share of their production. Before the collaboration, ASGM mined only 20% of the 3,000 tons produced annually but with a mutual benefitial agreement, GoldFinX gives ASGM miners the means to invest mechanization, pay for claims and titles and hire workers. So since GoldFinx provide those funds for ASGM ,can you tell us if the production of mining in ASGM increased? If yes, how much it increased? How much is the share of GoldFinX from ASGM production? What is your mutual agreement by the way? Thank you
Coinmarketcap and CoinGecko provide different data on the total supply of the token. After checking the contract address, I made sure that the data on CoinGecko is correct. But if it is easy to verify, then there are points that I would like to clarify. Trackers do not show the number of circulating tokens.And I did not find any data on the tokenomics. Considering that the first private sale was back in 2018, I would like to know more about how many tokens are in circulation, which funds own them, maybe there are some blocked tokens …
Studying your economic model, I understand that investments in your project will not immediately bring profit. This is a long-term investment, but perhaps with less risk. Are you planning to expand the assets supporting the GIX token? Add dollar or euro to gold? Perhaps precious stones as it is closer in the nature of the activity
Your interests span several continents. You invest a lot of money in artisanal mining. How do you control the intended use of funds? Do you have your own security service that monitors mining and prevents fraud in mining enterprises? Both with money and with the gold mined?
Aside from Artisanal Small Gold Mines(ASGM),do you plan to collaborate with other small miners in the future for more partnership? Why do you choose to finance ASGM? What potential did you see with this miners?
GoldFinX aims to bring transparency to gold mining. So what kind of transparency are you going to prove in gold mining industry? What other problems or issue with gold mining industry are you going to give a solution aside from transparency? Thank you
Using Proof of Work (PoW) protocol is energy consuming and inconvenient (transaction fee and transaction speed). Switching to another protocol like Proof of Stake (PoS) is inevitable, as was the case with ETH. Currently, ETH 2.0 is being gradually deployed. Mining will get less and less. What do you think about this? Does GOLDFINX have a plan for this problem?
Total Mine Production:
80% from Mine Revenue
20% from GoldFinX Production Share
“Once the mines start producing” Cleaner Gold, “they deliver to GoldFinX in priority the quantity that has been prepaid, as well as a share of all future production (20%) until the end of the mine’s life-cycle.”
So what is “Cleaner Gold”? Can you share more?
Is the 20% Total Mine Production from “GoldFinX Production Share” a commission reward on GOLDFINX’s referral program?
Is $GFX locked when I mine?
The Ethereum blockchain is having some problems with its transaction speed and high gas fee,but why does GIX still use Ethereum blockchain?Do you have any plans to launch your mainet or convert to other blockchains in the future?
Currently most investors only care about profits at the moment but ignore the long-term benefits. So can you give them some advice why they should buy and hold this token/coin in the long term??
Every success project has interested story before it was created . So can you tell people about the story of your project that gave you the motivation to build and develop a great project like Your project?
This year 2020 is going to end, 2021 is coming on the way. So, what is the most challenging issue face by GIX Platform? And how much solution completed in this year?
Trust is very important in business. So, what makes investors, customers and users feel safe when working with Your project? And how will you get the trust of many users that have negative thoughts about Blockchain and DeFi?
Most investors simply focus on the price of the TOKEN in the short term, and not on the real value of the project. Can you tell us about the motivation and advantages of token investors in the long term?
.Many projects rug pulled and exit scam recently. Why should investors trust your project not to do the same?
Can i hold for log term #GIX?
Tell us about your plans for 2021, what are you currently working on, and are you going to expand?
Nowaday hacker hack many project…now tell me how to protect member security in GIX project?? What is your security system?
Gix is designed to address major social and environmental concerns. Which ones exactly? What are the uses and ways to earn Gix coins?
GoldFinX project have token that backed by the real Gold or backed by real operating mine, So do you have your own operating gold mine? What is GoldFinX specialty than other stable coin or token which back by real gold?
On GIX Roadmap Q4, you will have new gold mines in Africa and South America, but as I know the continent have problem with illegal mining and Violent mining issue. How did GIX solved this problem?
What characteristics do the mining equipment supported by GoldFinX have that make it environmentally friendly and safer than traditional methods?
When investing in gold mines, do you sign some official documents? What kind of official status do you acquire? Will your company be legally or financially liable in case of accidents or accidents at the facilities? Do you make sure that workers receive decent wages and are officially employed?The fact that you profit from the mines and store gold to support the coin is good, but I’m wondering if there is a risk that tomorrow your vaults will be arrested and your accounts blocked just because the conditional Carlos drank tequila and fell into a pit?
What happens if a contract mining agreement is violated and you have already supported the operations with engineering, technology, strategies and more? What will be the paper of the GiX coin in this supposal and how affects it?
After read your whitepaper, there is a system which make me confuse. GIX have system that name Fair Trade Crypto Financing which combine 4 system into 1 to get GIX token backed by Gold. These system are GIX Coin, Gold Mines, Gold production and the last is Gold in Vault. How does these 4 system work in GIX? Does it mean you invest GIX Coin into the Gold Mines and they give you real gold? Please explain
What does GoldFinX hope to achieve in 2021, is there any plans to participate in government schemes?
How and why did you start the GoldFinX project? Is there a dream in GoldFinX?
I learned that you started mining on the ivory coast. Which regions or countries are next? Will you add new mines to your existing two mines in 2021?
What do you promise to GIX owners? How will you motivate investors?
We know the negative effects of classical gold mining on nature. How sensitive is GoldFinX to nature conservation?
Why did you came up with this idea where gold and crypto is bounded?
Also moving forward do you believe that bounding gold with crypto will give more trust to old school people who believes to collect gold? Will it surpass their old school feeling and make them to try out the crypto world?
Can you name the killer features of Goldfinx that make it ahead of the competition? What is your most confident competitive advantage in the platform?
What did Multivest Finance do to use DeFi technology? How easy is it to use GoldFinx in the existing infrastructure for beginners?
GoldFinX is focusing their contract mining agreements “in small operations with significal potential”, isn’t a secret for everyone there’s a big number of illegal gold minery, especially in South América that doesn’t concern about the environment at all. Is GoldFinx aware of this piratery? Have you planted any solution with your blockchain technologies to help the governments to stop them?
GoldFinX have been out there for a few years now. Can you tell us about the development of the project in the past few years? What have been the most important achievements until now? What would you say is the event or events that have made a difference in the growth of GoldFinX?
$GIX has already been listed in Coinsbit, Bitmart and Simex. Have you about listing on Binance? Do you aim to list with them sometime in the future?
GoldFinX aims to reduce the negative impact on the ecological system employing sustainable and conscious methods of mining. Can you explain more about what are these methods and how they differ from traditional mining methods?
GiX is built on top of the Ethereum Blockchain using the ERC-20 protocol. Why you use ERC-20 rather than another blockchain like TRC-20? What advantages do you get?
According to your website, GiX unlocks Billions of Euros worth of untapped GOLD in this artisanal mining segment with Environment preservation in mind. Is it possible to get real gold? Or do we only get value of the gold?
So the proceeds of GIX token which is already listed on Exchanges will be used to prepay gold production of qualified Artisanal and small gold mines companies. May I ask if you already able to help finance some mining companies and is it giving back good profit to GoldFinX? By the way, what is Artisanal
what price will the GiX be offered and sold in Phase II, and how will it prevent the price of the GiX sold in Phase I from being negatively impacted or the value diluted?
What do you call a “catastrophic event” preventing the GiX from continuing to “exist,” and how is the liquidation procedure of the Gold reserve followed?
and what contractual and legal basis is the GiX linked to the accumulated Gold in the bank vaults?
In the next step in your roadmap is included the investment for new gold mines in South America, please tell us in which countries specifically?
Are the mines you are financing verified in some way? Is it really possible to make a profit from them in the future? Do you have your own team of geologists and experts in the gold mining industry, or do you hire outside organizations?
“GiX: The First Socially Responsible Cryptocurrency. A coin whose purpose is solving major social and environmental issues” What social and environmental issues do your project hope to solve? How does GiX token benefit out society?
We are familiar with crypto coins but not much with crypto gold. How is a gold coin different from others? What is the relationship of it with real life gold? How is the mining/minting held? Can you summarize the overall process please?
What is meant by “Fair Trade Crypto Financing” VIRTUOUS CIRCLE ? Is this the way of mining GIX coin ? Could you please explain this a little bit?
According to your RoadMap, you will unlock new gold mines in Canada, South America, and Africa. Why did you choose this country compared to countries in Asia which have large populations?
What is meant by “Fair Trade Crypto Financing” VIRTUOUS CIRCLE ? Is this the way of mining GIX coin ? Could you please explain this a little bit?
Please explain further the idea of GiX being the first socially responsible cryptocurrency. Thanks